The global Applicant Tracking System (ATS) Market size will grow by USD 1345.7 million during 2019-2025. This report offers an analysis of the market by Deployment Model (Cloud and On-Premise). The Applicant Tracking System market research report further presents in-depth insights on the growth prospects of the market across APAC, Europe, MEA, North America, and South America.

Pune, India -- (SBWire) -- 03/14/2019 --The global applicant tracking system market accounted to US$ 675.3 Mn in 2017 and is expected to grow at a CAGR of 9.2% during the forecast period 2018 - 2025, to account to US$ 1345.7 Mn by 2025.

Applicant tracking system (ATS) Market operates in a highly-fragmented and competitive marketplace. As leading companies in this market continues to broaden its addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players face an immense competition, both from start-ups as well the leading global technology and industrial companies in the world. Merger & acquisition is one of the noteworthy market trend to grow and survive in this market, with some of the major companies became leader in this market by pursuing an acquisition strategy.

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Various companies in the value chain are acquiring other players in to maintain their position in market and provide efficient solutions to its customers. Major manufacturers of applicant tracking system technology are based North America, mainly US. However, the market is penetrating at high growth rate in APAC and Europe region.

Companies profiled in this report include:
1. ApplicantStack
2. Oracle Corporation
3. iCIMS, Inc.
4. Workable Software Ltd.
5. Hyrell
6. Bullhorn, Inc.
7. ClearCompany
8. Greenhouse Software, Inc.
9. Jobvite Inc.
10. Automatic Data Processing, Inc.
11. SAP SE
12. 4Talent

A significant reduction in time and cost can be achieved with the implementation of ATS solution in organizations. Also, ATS save organization time in the long-run by clarifying the responsibilities to take to ensure the appropriate candidate is hired in the right way which in turn increases efficiency and work quality, thereby driving its adoption. The ATS market is further booming due to the demand for time efficient selection systems owing to rising number of job applicants. Introduction of big data technology in this industry is expected to create new opportunities for the global ATS market during the forecasted period.

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The ATS market has been segmented on the basis of deployment model, component, and end-user. On the basis of deployment model, the market has been bifurcated into on-premise, and cloud based model. The ATS comprises of two components that are predominantly used by into various industries segmented on the basis of end-users. The market has therefore been segmented on the basis of end-users into Banking Financial Services and Insurance (BFSI), IT & Telecommunication, Manufacturing, and Government. Further, on the basis of components, the ATS market has been segmented into solutions and services. The solution segment briefly describes about resume collection and parsing, automated communication, team collaboration and custom workflow, and social recruitment.

Key highlights of the global Applicant Tracking System (ATS) market for the forecast years 2019-2025:
- CAGR of the market during the forecast period 2019-2025
- Detailed information on factors that will accelerate the growth of the Applicant Tracking System market during the next five years
- Precise estimation of the global Applicant Tracking System market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the Applicant Tracking System industry across the Americas, APAC, and EMEA
- A thorough analysis of the market's competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of the Applicant Tracking System companies

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