What is People Tracking Software Market Scope?
Owing to the need for outsourcing of recruiting processes, People Tracking Software is gaining significant acceptance through governments and companies. As PTS automates scanning and works application posting of applicants through various career boards, it removes bias and mistakes in the manual. Owing to the reduced latency and lower cost of ATS, cloud-based PTS is steadily seeing increased acceptance. Several verticals are now increasingly implementing PTS due to a growing emphasis on increasing the quality of applicants by strengthening connectivity and lowering the recruiting workforce and expense. Due to the time, cost, and bias problems associated with human review, the manual examination of candidates' applications are becoming obsolete. Thus creating a huge opportunity across the world.
The People Tracking Software market study is being classified by Type (Software and Services), by Application (SMEs and Large Enterprises) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Research Analyst at AMA predicts that Players from United States will contribute to the maximum growth of Global People Tracking Software market throughout the predicted period.
Oracle (United States), IBM (United States), SAP (Germany), Cornerstone (United States), ADP (United States), iCIMS (United States), Jobvite (United States), PeopleFluent (United States), SilkRoad Technology (United States), Paycor (United States), Greenhouse Software (United States), Workday (United States), Ultimate Software (United States), JazzHR (United States), ClearCompany (United States), BambooHR (United States), Racarie Software (United States), Zoho (United States) and SmartRecruiters (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ascentis (United States), Recruiterbox (United States), Infor (United States), ResumeWare (United States) and TribePad (United Kingdom).
Analyst at AMA have segmented the market study of Global People Tracking Software market by Type, Application and Region.
On the basis of geography, the market of People Tracking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In February 2018, ADP partnered with ZipRecruiter, the fastest-growing online employment marketplace. ADP clients can hire potential clients through this partnership, especially benefitting SMEs. Moreover, ZipRecruiter's functionality is offered as a built-in feature in RUN powered by ADP HR packages that benefit ADP clients with direct access from the payroll platform and eliminating the need for any additional sign-on.
In June 2018, Cornerstone released new enhancements to its Cornerstone Recruiting suite. The new enhancements offer a higher volume of applicants and faster time-to-fill for open positions among early-adopter clients of Cornerstone. Significant enhancements include one-minute mobile application capabilities for job candidates and streamlined and efficient candidate management experience for recruiters.
Influencing Market Trend
- High Adoption due to Technological proliferation in machine learning, Artificial Intelligence (AI), big data analytics, and Internet of Things (IoT)
- Growth in Geographically Diverse Talent Acquisition
- Increasing Need to Automate Recruitment Processes
- Increasing Demand for Mobile Recruitment
- Collaboration With Social Media Platforms Simplifying People Tracking Processes
- Lack of Awareness About the Benefits of PTS
- Adoption of Different Software Other than PTS
- Limited Technical Expertise for Using Advanced PTS
- Integration of PTS Software With Other Systems
Key Target AudiencePeople Software Provider, Potential Investors, Technology Investors, Research and Development Firm and Others
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