Implementing ATS in organisations can save a significant amount of time and effort. These programmes aid in the better identification of candidates by performing large automated search algorithms tailored to the job descriptions. Traditional software was largely used to store, manage, and track resumes, which have significantly altered in response to the expanding needs of the next generation. Trends such as the usage of mobile devices for job applications, video interviews, candidate relationship management, and the use of analytics for candidate sourcing in conjunction with traditional applicant tracking are projected to drive ATS market growth over the projection period.
The global Applicant Tracking System (ATS) market was worth USD 2.62 billion in 2022, and it is predicted to grow at a 6.5% CAGR during the forecast period.
Top Companies in the Applicant Tracking System Industry:
1. ApplicantStack: Developer of an application tracking system for the aim of staff recruitment. The company's software aids in the solicitation, tracking, interviewing, and hiring of new employees, as well as the management and posting of jobs to job boards, as well as the acceptance and processing of job applications, allowing recruiters and hiring managers to manage and recruit applicants online. Founded 2009. Headquarters are in the United States.
2. Greenhouse Software: Operator of a recruiting platform that assists businesses in sourcing, interviewing, hiring, and onboarding the best personnel. The platform of the company aids employers in determining who they want to hire and establishing a consistent interview process, allowing recruiters to collect feedback and track employees once they have been hired. Established in 2012. The headquarters are in New York. With a $500 million investment, TPG acquires a majority stake in HR software company Greenhouse.
3. Lumesse: Creator of a metabolism assessment gadget that uses metabolic data to deliver daily personalised nutrition. The company's device is a small portable breathalyser that measures metabolism through the breath in real-time and changes the way people eat and manage their bodies to live a healthier life by dieting, allowing users to gain a full understanding of whether they are on a trend to lose or gain weight and providing knowledge about weight-control tools. Founded in 2014, with headquarters in Israel. Lumen adds Versa to its SASE offering while also launching a Rapid Threat Defence tool that immediately filters harmful traffic.
4. iCIMS: Developer of cloud-based talent acquisition software that enables organisations to establish a diverse and competent staff that supports their goal. The company's software assists clients in the retail, healthcare, manufacturing, finance, and insurance industries at every level of workforce hiring and engagement, accelerating and optimising the whole recruitment process using a wide spectrum of AI-powered tools.Founded 2000. Headquarters are in the United States. FourVision expands its partnership with iCIMS by becoming a Reseller and Services Partner.
5. Workable: Creator of a recruitment platform aimed at streamlining the hiring process. The platform provides artificial intelligence-powered sourcing and employee referrals, as well as automates single-submission postings such as candidate self-scheduling, resume enrichment, machine-powered screening, and video interviews to all of the major job boards, allowing businesses to find and attract the right candidates. Founded 2012. England is the headquarters.
6. Bullhorn: Customer relationship management (CRM) and operational software for the employment and recruitment sector, developed in the cloud. The software offered by the company includes an applicant tracking system, access to a vendor management system, onboarding, and back-office automation, allowing businesses to enhance revenue, improve service delivery, and streamline operations. Founded 1999. Headquarters are in Boston, Massachusetts, USA. Bullhorn®, the cloud computing firm that helps staffing and recruiting organisations improve their operations, announced today that Stone Point Capital will be the lead investor to support the company's next phase of growth.
7. IBM Kenexa: Provider of software and unique content offerings that can assist its clients in effectively recruiting and retaining staff. The company provides a platform for effective staff recruiting, training, and retention. Founded 1987. Headquarters are in the United States.
Definition: An applicant tracking system (ATS) is software for recruiters and employers to track candidates throughout the recruiting and hiring process.
