Global Employee Training and Applicant Tracking Software (ATS) Market 2017-2021
About Employee Training and Applicant Tracking Software
ATS is an application that manages various needs of an organization. It is comparable with CRM systems that are designed for recruitment tracking purposes. ATS collects and stores resumes of applicants in a database. It scans and indexes the resumes and provides recruiters an online view of the job seekers. The data about the job seekers is either collected from internal applications via ATS or extracted from social networking platforms such as Twitter, LinkedIn, Facebook, and Google+. ATS solutions provide easy access, transparency, and step-by-step processes to apply for a suitable job. These features enhance the experience of candidates.
Technavio’s analysts forecast the global employee training and applicant tracking software market to grow at a CAGR of 7.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global employee training and applicant tracking software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Employee Training and Applicant Tracking Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global employee training and applicant tracking software market: EtQ, Halogen Software, MasterControl and WCAS-QuickBase.
Other Prominent Vendors in the market are: ConvergePoint, Culture Amp, Intelex Technologies, Litmos by CallidusCloud, and SkyPrep.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of social media. The widespread use of social media in the HCM industry increases business opportunities for the vendors. The sharing of job information via social media networks, such as LinkedIn and Facebook, is also contributing to the growth of the market. The increased use of social media has resulted in companies amending their policies on Internet use, sales and marketing, recruitment, and employee retention.”
According to the report, one driver in the market is growing need for strategic and improved hiring decisions. Strategic hiring is a significant process for organizations as it helps them connect with the right candidates. The adoption of this process is increasing among organizations as it enables hiring manager to evaluate the capability of the hired candidate for the selected position. ATS provides insight that help hiring executives select, train, and retain the best candidate. This enhances the process of strategic hiring. ATS solution enables the storage and search of resumes. This solution also helps hiring managers make accurate hiring decisions regarding recruitment.
Further, the report states that one challenge in the market is threat from open-source software. Several organizations have developed open-source software solutions that are available to end-users for free. The open-source solutions enable users to make changes to the software as per their requirements. Organizations with low budget allocated for recruitment management solutions opt for open-source software. This reduces the demand for paid ATS solutions. There are a few employee trainings and ATS developers who offer their solutions for free with certain restrictions to SMBs. These open-source and free software are expected to adversely affect the sales of ATS solutions and the hinder market growth.
EtQ, Halogen Software, MasterControl, WCAS-QuickBase, ConvergePoint, Culture Amp, Intelex Technologies, Litmos by CallidusCloud, and SkyPrep.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook