SHERIDAN, WYOMING, UNITED STATES, September 2, 2021 /EINPresswire.com/ – According to the latest IMARC group report, entitled “Applicant Tracking System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 â, the global Applicant Tracking Systems market has shown strong growth during the period 2015-2020. An Applicant Tracking System (ATS) is the software that automates, organizes, and monitors an organization’s recruiting and staffing operations. It acts as a central repository for candidate data and allows recruiters to streamline the hiring process by filtering out qualified and deserving candidates for the position. It helps schedule interviews, send rejection letters, digitally manage required documents, and minimize overall workload. On top of that, ATS eliminates human bias and errors as the software filters job postings across multiple job boards.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Organizations around the world are focusing on automating the recruiting and hiring process to save their time and effort. Hence, they adopt software as a service (SaaS) systems that improve staff efficiency and productivity. Apart from that, ATS enables companies to use strategic methods to promote their brand and attract qualified job seekers. In addition, the increasing penetration rate of cloud-based platforms, coupled with the adoption of mobile recruiting systems, acts as another factor that is propelling the growth of the market. Additionally, the growing need to replace conventional hiring methods, improve the quality of hiring decisions, and reduce wasted time and costs is increasing the demand for applicant tracking systems around the world. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 8% during 2021-2026.
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Key player in the competitive landscape:
â¢ Pile of candidates
â¢ Outer Boundary Technology inc.
â¢ ClearCompany Inc.
â¢ Greenhouse software inc.
â¢ International Business Machines Corporation (IBM)
â¢ iCIMS Inc.
â¢ Jobvite inc.
â¢ Oracle Corporation
â¢ SAP SE
â¢ SilkRoad Technology, Inc.
â¢ SmartRecruiters Inc.
â¢ TribePad Ltd.
â¢ Ultimate Software Group Inc.
â¢ Zoho Corporation
Key market segmentation:
Breakdown by deployment:
â¢ On the site
Breakdown by organization size:
â¢ Small and medium enterprises
â¢ Large companies
Breakdown by component:
Breakdown by end user:
â¢ IT and Telecommunications
â¢ Government and public sector
â¢ Health and life sciences
Breakdown by region:
â¢ Middle East and Africa
â¢ North America
â¢ Asia Pacific
â¢ Latin America
Highlights of the report:
â¢ Market performance
â¢ Market outlook
â¢ Porter’s five forces analysis
â¢ Market drivers and success factors
â¢ Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.
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