applicant tracking system market
11 May
Press Release

According to the latest report by IMARC Group, titled “Applicant Tracking System (ATS) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global applicant tracking market size reached a strong growth in 2019. An applicant tracking system (ATS) is a software that assists an organization in its employee recruiting process. It collects, stores and organizes information, while also performing other tasks, such as resume analyzing, disqualifying non-qualified candidates, interview scheduling and candidate feedback, which ultimately speeds up and enhances the hiring process. Other than this, it also offers automated resume ranking, pre-screening questions, response tracking, multilingual capabilities, requisition tracking and customized input forms.

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The increasing adoption of cloud-based services around the world represents one of the key factors driving the global applicant tracking system (ATS) market growth. Apart from this, the adoption of software as a service (SaaS) offers encryption and enhanced security of data, which, in turn, is also propelling the market growth. Furthermore, various providers are integrating artificial intelligence (AI) into their systems that help recruiters in saving their time and reducing the overall operational costs. Besides this, the increasing number of job applicants and the rising influence of social media across the globe are anticipated to drive the market growth in the coming years. Looking forward, IMARC Group expects the market to exhibit a CAGR of 8.5% during 2020-2025.

Market Breakup by Deployment:

  • On-premises
  • Cloud

Market Breakup by Organization Size:

  • Small and medium Sized Enterprises
  • Large Enterprises

Market Breakup by Component:

  • Software
  • Service

Market Breakup by End-User:

  • BFSI
  • IT and Telecommunications
  • Government and Public Sector
  • Retails
  • Manufacturing
  • Healthcare and Life Science
  • Others

Market breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

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This post was originally published on Stock Markets News

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IMARC Group is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.