Global Applicant Tracking System Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Applicant Tracking System Market 2021 (Includes Business Impact of COVID-19)
Global Applicant Tracking System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global applicant tracking system market report has been segmented on the type of deployment, organization size, and region.
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Global Applicant Tracking System Market: Overview


Applicant tracking system (ATS) is a software which manages the recruitment process of an organization by analyzing, collecting and storing job applicant data in a database. ATS collect resumes in a database and provide recruiter or hiring manager an online view of job seekers after indexing and scanning their resumes. Most of the organization use applicant tracking system to handle, manage large volume job applications and recruit employees more efficiently. The data is collected from internal applications through ATSs or extracted from social networking websites such as Twitter, LinkedIn, Facebook, etc.


Global Applicant Tracking System Market: Dynamics


Increasing demand for applicant tracking system software among large and medium-sized organizations is a major factor projected to drive growth of the global market. In addition, features such as speeding up the recruitment process, increasing efficiency, lower cost-per-hire, upgrading HR team communication, sorting applicant data, and automating whole procedure are factor projected to drive growth of the applicant tracking system market. Moreover, growing demand for applicant tracking system software in developed economies coupled with the integration of social media with an applicant tracking system is projected to support growth of the global market in the upcoming years.

However, rising security and privacy concerns associated with the implementation of these type of software over cloud-based deployment is a factor hampering growth of the global applicant tracking system software market.


Global Applicant Tracking System Market: Segment Analysis


Among the deployment type segments, the cloud segment is projected to register substantial growth in the global market during the forecast period.

Among the organization size segment, the large enterprises segment is projected to dominate the global market in the next few years. The high investments in software development and high-cost bearing capability of large organizations across the globe are projected to drive growth of the segment.


Global Applicant Tracking System Market: Region Analysis


North America market is projected to account for the highest market share in terms of revenue in the global applicant tracking system market and is estimated to maintain its dominance in the next few years. Rising preference for advanced recruiting technologies among various information and technology (IT) organizations in the countries in this region is projected to drive growth of the North America applicant tracking system market. In addition, increasing adoption of cloud-based services is another factor projected to drive growth of the target market in North America.

The Asia Pacific market is projected to register the fastest growth rate in terms of revenue in the global market. Increasing adoption of cloud-based platforms and growing demand for automation and digitization in countries such as Japan, India, and China is expected to drive growth of the Asia Pacific applicant tracking system market. Furthermore, Europe market is projected to witness steady growth opportunities.


Below are the active patents related to Applicant Tracking System Market.


Patent Number: US20110145836A1

Cloud Computing Monitoring and Management System

Abstract

A cloud computing monitoring system has an alert capturing system and a message transfer system that provides performance tracking and alert management to a local monitoring system. The alert capturing system may operate as part of a managed code framework and may capture and route alerts that may be transmitted to an operating system, as well as application exceptions and debugging information. A message queuing system may transmit the alerts to a local monitoring system, which may have a connector that subscribes to the cloud systems message queuing system.

Application filed by Date: 2009-12-12

Application Granted Date: 2014-08-26

Current Assignee: Microsoft Technology Licensing LLC

Patent Number: US10102502B2

Method and system for source tracking

Abstract

A method for tracking referrals using a third party applicant tracking system (ATS). The method include receiving a request to display a web page at a URL from a client used by a job candidate, where the URL is associated with a job at a company and the job candidate. The method further includes providing to the client a web page associated with the URL that includes a description of the job and a link to an ATS, receiving a request for a web page corresponding to the job, where the request is initiated by selection of the link. The method further includes making a determination that the ATS is a third party ATS and, in response, generating a third party referral URL, a unique identifier associated with the job, and an identifier associated with a source type, and providing the third party referral URL to the client.

Application filed by Date: 2012-08-30

Application Granted Date: 2018-10-16

Current Assignee: Jobvite Inc

Global Applicant Tracking System Market Segmentation:

Segmentation by deployment:

  
Cloud
  
On-premises

Segmentation by organization size:

  
Small and medium-sized enterprises (SMEs)
  
Large enterprises


Key Market Players included in the report:


  
ADP (US)
  
Ascentis (US)
  
ATS are Oracle (US)
  
ATS OnDemand (US).
  
BambooHR (US)
  
ClearCompany (US)
  
Cornerstone (US)
  
Greenhouse Software (US)
  
IBM (US)
  
iCIMS (US)
  
Infor (US)
  
JazzHR (US)
  
Jobvite (US)
  
Oracle (US)
  
Paycor (US)
  
PeopleFluent (US)
  
Racarie Software (US)
  
Recruiterbox (US)
  
ResumeWare (US)
  
SAP (Germany)
  
SilkRoad Technology (US)
  
SmartRecruiters (US)
  
TribePad (UK)
  
Ultimate Software (US)
  
Workday (US)
  
Zoho (US)


Below are the key development related to Applicant Tracking System Market in 2020 and 2021.


April 2021: JOBVITE, JAZZHR AND NXTTHING RPO COMBINE WITH PRIVATE EQUITY ACQUISITION. Recruitment software providers Jobvite and JazzHR along with NXTThing RPO are being acquired by K1 Investment Management, a private equity firm based in Manhattan Beach, California. The three firms will be combined into a single business with Peter Lamson, CEO of JazzHR, serving as CEO for the combined company. Source

December 2020: Jobvite Expands Integration with LinkedIn Recruiter and Jobs. Jobvite ATS provides deeper hiring integrations with LinkedIn Recruiter System Connect. Jobvite (www.jobvite.com), the leading end-to-end talent acquisition suite provider, announced its plans to expand upon the existing integration with Recruiter System Connect (RSC) between LinkedIn Recruiter and Jobvite ATS. Designed to simplify the hiring process, the RSC integration with Jobvite enables recruiters to access real-time candidate information to make effective talent decisions and power unforgettable candidate experiences. The upcoming Unified Search and Recommended Matches releases further expand the recruiting efficiencies that RSC and Jobvite customers have already experienced. With Unified Search, recruiters can easily select the most qualified candidates by sourcing top talent from both the LinkedIn network and Jobvite records using a single search with Jobvite or LinkedIn Recruiter. With Recommended Matches, recruiters can post a new job requisition in Jobvite and immediately source from a pipeline of LinkedIn recommended candidates who best match the job. Similar to RSC, Apply Connect is a new integration between Jobvite and LinkedIn Jobs that saves recruiters time, while simultaneously improving the applicant experience. This integration allows recruiters to automatically post jobs to LinkedIn and receive all applications back to Jobvite. Apply Connect allows recruiters to quickly access LinkedIn applicant insights including skills, company connections, the applicant’s full LinkedIn profile, and more within Jobvite. In addition, recruiters can select top talent by filtering their application according to their skills and identify those that meet the job requirements. Candidates can complete their job application without leaving LinkedIn. They’ll also be notified automatically when a recruiter has viewed their application and when a job has closed. This will significantly boost applicant conversion rates. Jobvite’s ATS will be the first applicant tracking system to provide their customers with all three LinkedIn integrations: Unified Search, Recommended Matches, and Apply Connect. Source

November 2020:Top Echelon Acquires CATS Software - Brings Together Best-in-Class Solutions to Manage Recruiting Acquisition Solidifies Top Echelon/CATSs Combined Position as the Mid-Market Leader for Applicant Tracking Systems. Top Echelon Software, the leading provider of recruiting software for people who build teams, is pleased to announce its acquisition of CATS Software, a leading applicant tracking system (ATS) designed specifically for professional recruiters who help companies from all over the world fill their hiring needs. This acquisition combines two best-of-breed ATS companies to address the complex and evolving challenges in the war for talent. Source