Global Applicant Tracking Systems Market 2019-2023
About this market
The increasing ATS-integrated social media recruiting to boost growth in the applicant tracking systems market. Some of the ATS vendors in the market are offering ATS tools that can be integrated with social media platforms such as Facebook, LinkedIn, and Twitter. Technavio’s analysts have predicted that the applicant tracking systems market will register a CAGR of almost 7% by 2023.
Cost-effective and less time-consuming
The ATS is superior to the traditional recruitment methods by means of three main recruitment parameters, namely time to hire, cost per hire, and the quality of hire.
Limitations of ATS
ATS has numerous limitations that can be rectified by human intervention. Some of the crucial limitations of ATS are its inability to read different forms of files, overlooking candidate ideas, the inability to measure long-term quality of an applicant, and narrowing down the search scope to specific keywords.
For the detailed list of factors that will drive and challenge the growth of the applicant tracking systems market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Greenhouse Software and IBM the competitive environment is quite intense. Factors such as the rising increasing ATS-integrated social media recruiting and the cost effectiveness of ATS, will provide considerable growth opportunities to applicant tracking systems manufactures. Greenhouse Software, IBM, Jobvite, Oracle, and iCIMS are some of the major companies covered in this report.
‘With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.’
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