Attractive Growth Opportunities in the Applicant Tracking System Market
The Applicant Tracking System market has been segmented on the basis of component, deployment mode, organization size, vertical, and region.
(EMAILWIRE.COM, July 11, 2018 ) The report "Applicant Tracking System Market by Component (Software and Services), Deployment (On-Premises and Cloud), Organization Size, Vertical (Retail and Consumer Goods, Government and Public Sector, and Manufacturing), and Region - Global Forecast to 2023", The global ATS market size is projected to grow from USD 1.21 billion in 2018 to USD 1.81 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. The main growth drivers are the increasing acquisition of geographically diverse talent, growing need to automate recruitment processes, focus on enhancing candidate experience, and emerging need for analytics metrics.
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The service component is expected to record a high growth rate over the next 5 years. ATS services assist and support organizations across industries in effectively dealing with candidate sourcing, resume tracking, and finally the onboarding of the selected candidates. The various significant benefits of ATS services include significant cost savings, trained resources, 24X7 customer service availability, and support for recruiters using the ATS software.
The cloud deployment is expected to grow at a higher rate over the next 5 years. Small and Medium-sized Enterprises (SMEs) are adopting the cloud deployment type, mainly due to its cost effectiveness and advanced results. Rapid growth in data generation and the use of advanced technologies, such as IoT and analytics are leading to the greater adoption of the cloud deployment type, due to the benefits of enhanced and organized storage, and ready availability of data when required.
In the ATS market, Oracle offers Oracle Taleo Recruiting Cloud Service for recruiters to efficiently manage and hire potential candidates. Oracle Taleo Recruiting Service offers features, such as social sourcing, reporting and analytics, screening and assessments, precision matching, and proven integration. These features benefit clients with improved hiring quality, enhanced process efficiency, and reduced costs. Oracle has adopted the organic and inorganic growth strategy, with a focus on the enhancement of its ATS product portfolio. The company’s diversified portfolio in the ATS market covers all the significant features of ATS software. In March 2018, Oracle released new AI capabilities to its HCM cloud. These new capabilities offer various benefits to clients, such as better searching capabilities, continuous performance management reporting tool, machine learning, smart onboarding, and AI-enabled chatbots for recruiters. Earlier in September 2017, Oracle partnered with ViziRecruiter to provide Oracle Taleo talent-management users with new visual candidate experience. Candidates receive a seamless experience who visit the Oracle Taleo career site which is integrated with ViziRecruiter.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=27004100
The service component is expected to record a high growth rate over the next 5 years. ATS services assist and support organizations across industries in effectively dealing with candidate sourcing, resume tracking, and finally the onboarding of the selected candidates. The various significant benefits of ATS services include significant cost savings, trained resources, 24X7 customer service availability, and support for recruiters using the ATS software.
The cloud deployment is expected to grow at a higher rate over the next 5 years. Small and Medium-sized Enterprises (SMEs) are adopting the cloud deployment type, mainly due to its cost effectiveness and advanced results. Rapid growth in data generation and the use of advanced technologies, such as IoT and analytics are leading to the greater adoption of the cloud deployment type, due to the benefits of enhanced and organized storage, and ready availability of data when required.
In the ATS market, Oracle offers Oracle Taleo Recruiting Cloud Service for recruiters to efficiently manage and hire potential candidates. Oracle Taleo Recruiting Service offers features, such as social sourcing, reporting and analytics, screening and assessments, precision matching, and proven integration. These features benefit clients with improved hiring quality, enhanced process efficiency, and reduced costs. Oracle has adopted the organic and inorganic growth strategy, with a focus on the enhancement of its ATS product portfolio. The company’s diversified portfolio in the ATS market covers all the significant features of ATS software. In March 2018, Oracle released new AI capabilities to its HCM cloud. These new capabilities offer various benefits to clients, such as better searching capabilities, continuous performance management reporting tool, machine learning, smart onboarding, and AI-enabled chatbots for recruiters. Earlier in September 2017, Oracle partnered with ViziRecruiter to provide Oracle Taleo talent-management users with new visual candidate experience. Candidates receive a seamless experience who visit the Oracle Taleo career site which is integrated with ViziRecruiter.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 8886006441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 8886006441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results