- The key vendors in the Global Applicant Tracking Systems Market 2014-2018 are IBM Corp., iCIMS Inc., Jobvite Inc., Oracle Corp. and SuccessFactors Inc.
London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Applicant Tracking Systems Market 2014-2018. One key trend upcoming in this market is the emergence of social media. Many small and medium-sized companies are increasingly integrating their applicant tracking software with social media platforms, which helps organizations to connect with many talented candidates, who may be the right prospect for hiring. The overall market is expected to post a CAGR of 11.37 percent during 2013-2018.
An applicant tracking system collects applications through online forms and conducts the screening process based on keywords chosen by recruiters to remove unqualified applicants. Qualified applicants are saved in the applicant tracking system database for future reference and interview processes. Some types of applicant tracking software provide background checks and verify paperwork for the on-boarding process.
“Organizations are investing in and adopting applicant tracking software integrated with smartphones as it can access the job portals of various companies and candidate application systems, which help job seekers,” says Faisal Ghaus, Vice President of TechNavio Research.
“By integrating with smartphones, organizations can keep track of applicants and store data in their organized database for reference.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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