How To Teach Applicant Tracking Systems Market Better Than Anyone Else

The global applicant tracking systems market is forecasted to experience a meteoric rise by 2023 driven by the increasing ATS-integrated social media recruiting. Wondering how to make the most of this flourishing applicant tracking systems industry? Technavio’s extensive industry research report offers a detailed insight that will allow you to take full advantage of the opportunities available to you. This study provides an in-depth analysis of the market by considering the evolving demographics and consumer behavior in the global applicant tracking systems market. It also examines the competitive landscape and some top applicant tracking system vendors that include Greenhouse Software, IBM, and iCIMS.

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The global applicant tracking systems market is expected to grow at a CAGR of almost 7% during the forecast period

Applicant tracking systems industry growth is expected to accelerate over the next five years, driven by the fact that most of the top applicant tracking systems are cost-effective and less time-consuming. The top applicant tracking systems are far superior to the traditional resume screening software in terms of three parameters, which are namely, time to hire, cost per hire, and the quality of hire. Applicant tracking systems are a powerful sourcing tool used in human capital management today for providing a simplified and efficient recruitment process by acting like as a central repository of applicant resumes and profiles.  Technavio’s applicant tracking systems industry analysis reveals promising markets around the world.

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The Americas dominated the applicant tracking systems market by region

The global applicant tracking systems market was dominated by the Americas with more than half of the worldwide market share, followed by EMEA and APAC. In addition, the Americas will drive almost 53% of the growth for the global applicant tracking systems industry, while EMEA and APAC are also predicted to contribute about one-fourth and one-fifth, respectively to the incremental growth in the forecast period. The global applicant tracking systems market will witness EMEA registering the fastest rate of growth during the forecast period, while APAC will register a higher CAGR than the Americas for the next five years.