Technavio has been monitoring the applicant tracking systems market and the market is poised to grow by USD 106.16 million during 2019-2023 in Europe, progressing at a CAGR of almost 7% during the forecast period.
The market is driven by the increasing use of #cloudbasedapplicanttrackingsystems. In addition, the integration of #AI with #applicanttrackingsystems is anticipated to boost the growth of the #applicanttrackingsystemsmarket.
The market is driven by the increasing use of cloud-based applicant tracking systems. In addition, the integration of AI with applicant tracking systems is anticipated to boost the growth of the applicant tracking systems market.
Vendors that provide cloud-based applicant tracking systems also offer servers, storage space, and hardware. This eliminates the need for labor and investment in data centers as they are handled by cloud-based providers. Cloud-based applicant tracking systems can be integrated with many career sites, job portals, and social media websites to access a large talent pool. Owing to many such benefits, organizations are increasingly adopting cloud-based, application tracking systems, which is driving market growth.
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Major Five Application Tracking Systems Companies:
IBM Corp.
IBM Corp. owns and operates business across various segments such as Cognitive Solutions, Global Business Services, Technology Services & Cloud Platforms, Systems, and Global Financing. The company offers a wide range of applicant tracking systems, with IBM Kenexa Talent Acquisition Suite being one of the major products offered by the company.
iCIMS Inc.
iCIMS Inc. offers a wide range of application tracking systems. iCIMS Recruit is one of the major products offered by the company. It automates job posting and collaborates with the calendar for streamlining of the recruitment process.
Oracle Corp.
Oracle Corp. owns and operates business across various segments including Cloud and license, Hardware, and Services. The company offers a wide range of application tracking systems. Oracle Taleo Cloud Service is one of the major products offered by the company. It enables organizations to easily source, recruit, develop, and retain top talent.
SAP SE
SAP SE owns and operates business across various segments such as Applications, Technology & Services segment, SAP Business Network segment, and Customer Experience segment. The company offers a wide range of application tracking systems. SAP SuccessFactors is one of the major products offered by the company. It is a cloud-based HR management system that offers functionalities such as payroll and employee engagement.
Workday Inc.
Workday Inc. offers a wide range of application tracking systems. Workday Recruiting is one of the major products offered by the company. It helps in reviewing candidate profiles at any time and location, which helps HR managers save time. It also enables candidates to access relevant information from social profiles and apply easily for a job.
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Applicant Tracking Systems End-Users Outlook (Revenue, USD Million, 2019 – 2023)
- Large enterprises
- SMEs
Applicant Tracking Systems Deployment Outlook (Revenue, USD Million, 2019 – 2023)
- Cloud-based
- On-premise
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