About Applicant Tracking Systems
An applicant tracking system (ATS) collects and stores résumés in a database. It scans and indexes the résumés while giving recruiters an online view of the job seekers. Most organizations use some form of ATSs to handle job applications and manage their large volume of résumé data. The data is either collected from internal applications via ATSs or extracted from social networking websites such as LinkedIn, Facebook, and Twitter.
Technavio’s analysts forecast the applicant tracking systems market in the US to grow at a CAGR of 8.58% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the applicant tracking systems market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated by ATS deployment across the globe.Technavio's report, Applicant Tracking Systems Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Applicant Tracking Systems Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the applicant tracking systems market in the US: ApplicantStack, Greenhouse Software, Hyrell, iCIMS, and Workable.
Other Prominent Vendors in the market are: BambooHR, Cornerstone OnDemand, ExactHire, IBM (Kenexa), Jobvite, Lumesse, Lever, Paycor, SAP (SuccessFactors), and Workday.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of social media. The extensive use of social media in the human capital management (HCM) industry leads to an upsurge of business opportunities for the vendors in the ATS market in the US. The sharing of job information via social media networks, such as Facebook and LinkedIn, is also stimulating market growth.”
According to the report, one driver in the market is growing need to streamline HR functions. The HR division of a company typically manages functions such as staffing, compensation, training, benefits, and employee welfare. HR executives are often clogged with various jobs that need to be handled manually, increasing the amount of paperwork and affecting the overall productivity of the department. ATSs increase the productivity and efficiency of HR personnel by finding the right person for the job in a short period of time. They also help to coordinate various functions in an efficient manner and automate all activities.
Further, the report states that one challenge in the market is data security and privacy concerns. There are many business organizations that prefer cloud-based solutions over on-premises solutions. This is because cloud-based solutions are cost-effective, accessible, and agile. Hence, cloud-based ATSs are the best option for organizations with limited budgets and professional expertise. The cloud-based solutions are important for the IT infrastructure in government agencies. For instance, the federal, state, and local government agencies worldwide are moving their sensitive employee data to the cloud.
ApplicantStack, Greenhouse Software, Hyrell, iCIMS, and Workable.BambooHR, Cornerstone OnDemand, ExactHire, IBM (Kenexa), Jobvite, Lumesse, Lever, Paycor, SAP (SuccessFactors), and Workday.
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