What is Application Tracking System Market Scope?
Applicant Tracking System is a computer software designed to scan resumes for certain keywords and weed out the ones that don’t match the job description. Applicant tracking systems are used by corporations to assist with recruitment and hiring processes. Each system offers a different combination and scope of features, but ATS is primarily used to help hiring companies collect, organize, and filter applicants. ATS aids in minimizing the time spent on administrative tasks, providing faster resume screening, and facilitating collaborative recruitment, thus enhancing the overall experience of the candidate. Additionally, the integration of organizations with artificial intelligence (AI) is driving market growth.
The adoption of data analytics by recruitment companies and The use of data analytics in the hiring process
Market Growth Drivers:
Increasing demand for applicant tracking systems worldwide. -
Misread resumes in PDF format and Elimination of excellent resumes which are incomprehensible by the system
Lack of technical expertise and knowledge
Development in data analytic process in an applicant tracking system
The Application Tracking System market study is being classified, by Application and major geographies with country level break-up.
Applicant Tracking Systems is a fragmented market due to the presence of a large number of established competitors. The companies in the applicant tracking system market are focused on their alliances, technology collaboration, and product launch strategies. Increasing firm concentration ratio and advertising expenses by companies are also strengthening the competition. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Application Tracking System market throughout the predicted period.
BambooHR (United States), Bullhorn, Inc. (United States), Kenexa BrassRing, Inc (United States), iCIMS (United States), Jobvite (United States), Taleo (United States), Smart Recruiters (United States), SAP SuccessFactors (United States) and Workable (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Lever (Canada), Hireku Inc. (United States), ADP, LLC (United States) and Telefonica Tech (Spain).
Analyst at AMA have segmented the market study of Global Application Tracking System market by Type, Application and Region.
On the basis of geography, the market of Application Tracking System has been segmented into .
Market Influencers and their Development StrategiesIn October 2022, iCIMS announced the acquisition of skill survey to reduce the time and cost of the company customers on reference checking.
In June 2021, Telefonica Tech and IBM launched a hybrid cloud solution based on AI and blockchain technology to embrace a hybrid cloud strategy that can speed up how enterprises innovate to meet customers’ evolving needs
iCIMS are followed Affordable Care Act (ACA) and Consolidated Omnibus Budget Reconciliation Act (COBRA) with notices and payments. An ATS automates all of these processes making them much easier to manage and avoid human error.
Key Target AudienceApplicant Tracking System Providers, Government Agencies, Regulatory Bodies, Potential Investors, End User Industry and Others
Application Tracking System Market Study: Important Years
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|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Application Tracking System Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Application Tracking System industry is examined with reference relevant market sectors and sub-sectors.
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.