An applicant tracking system is an efficient computer program that enables easy electronic management of hiring and recruitment needs. The system can be accessed or operated over the internet, either on a business or personal level, depending upon the organization's specific needs. Most applicant tracking systems are designed to accommodate a large number of resumes for different positions in the human resources field. With the use of applicant tracking systems, employers can save both time and money by evaluating and assessing different candidates and can make informed decisions regarding each one.
Market Dynamics
Integration of background screening services and solutions with ATS is expected to offer lucrative growth opportunities for players in the applicant tracking system (ATS) market. For instance, in July 2020, Asurint, a technology-focused provider of pre-employment background screening services and solutions, partnered and integrated with Carvin Software’s applicant tracking system, Staffing Complete.
Integration of enterprise texting platform with ATS is expected to offer lucrative growth opportunities for players in the applicant tracking system (ATS) market. For instance, in June 2020, CEIPAL partnered with TextToHire, a communication platform designed for placements, to provide its customers with a new enterprise texting platform for recruitment & staffing professionals. Moreover, availability of products that improve recruiter productivity is also expected to aid in growth of the market. For instance, in 2019, CATS Software released the fifth major update to their applicant tracking system, which focuses on improving recruiter productivity and enhancing communication with candidates and clients.
Among regions, North America is expected to witness significant growth in the applicant tracking system (ATS) market, owing to increasing adoption of ATS in the region. For instance, in February 2020, Asurint, a background screening solutions provider, in partnership with Tenstreet, a provider of driver management software for the trucking and transportation industry, announced development of integrated Department of Transportation employment verifications enhancement for Tenstreet Applicant Tracking System.
Competitive Analysis
Major players operating in the applicant tracking system (ATS) market include, ApplicantStack, Greenhouse Software, Lumesse, Hyrell, iCIMS, Workable, Bullhorn, IBM Kenexa, ClearCompany, SAP SuccessFactors, CEIPAL, Findly, JobDiva, Tenstreet, Carvin Software, GR8 People, Inc., Oracle Taleo, Newton Software, Cornerstone OnDemand, Lever, and Workday.
Major players operating in the applicant tracking system (ATS) market are focused on launching new products to expand their product portfolio. For instance, in 2019, GR8 People released EUREKA!, an Autonomous Talent Delivery (ATD) component native to its platform.
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