According to the latest market research report released by Technavio, the applicant tracking systems (ATS) market in the US is expected to accelerate at a CAGR of close to 9% during the forecast period. The low price of ATS is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the applicant tracking systems market in the US is expected to accelerate at a CAGR of close to 9% until 2021. (Graphic: Business Wire)
This research report titled 'Applicant Tracking Systems Market in the US 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the applicant tracking systems in the US into the following end-user:
- Technology
- Healthcare
- Financial services
- Retail
In 2016, the technology sector dominated the ATS market in the US with a share of over 24%, followed by the healthcare sector and the financial services sector.
Applicant tracking systems market in the US: Top emerging trend
The rising demand for smartphone integration is an emerging trend in the applicant tracking systems market in the US. The increased use of mobile devices, such as smartphones and tablets, in the HR and talent management processes, encourages vendors to launch HR-specific mobile apps or mobile-friendly websites. The increase in the use of mobile devices to apply for jobs has compelled recruiters to use mobile devices for posting job notifications. The use of mobile devices enables candidates to connect with recruiters from remote locations. For instance, Monster.com launched Monster Jobs mobile app that is available for both Android and iOS. Some of the apps in the HR processes include engagement and feedback, learning and development, employee feedback, and performance check-ins, as well as video interviewing. Hence, the demand for smartphone integration in ATSs is escalating to give a boost to the overall global market.
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Technavio's report provides expert market research on the following topics:
Executive Report
- Market Outline
- Applicant Tracking Systems Market in the US Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Market segmentation by end-user (technology, healthcare, financial services, and retail)
- Market segmentation by deployment model (cloud-based and on-premises)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (ApplicantStack, Greenhouse Software, Hyrell, iCIMS, and Workable)
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