As the year 2018 is about to end, I thought of reviewing how the year remained for applicant tracking systems so far. I know we all are curious to know how the ATS market has performed in this year.
Let’s get answers to all these questions.
This year, the ATS market saw notable developments happening across the segment. Recruiters and hiring managers are becoming more aware and adopting automation to enhance their recruitment process. That’s the reason for an increase in the demand of an ATS.
Market Size and Growth
At present, the ATS market size is USD 1.21 billion. It is expected to grow to USD 1.81 billion by 2023.
In this year, the main growth factors were a strong focus on providing a better candidate experience and analytics to enhance the value of ATS.
Regarding growth, the following graph shows the ranking of applicant tracking systems based upon new client additions (2018-2017).
If we talk about the market share, Taleo is ranked at the top followed by Greenhouse, iCIMS and homegrown ATS which means a software built by employers on their own.
Check out the top ATS according to their market share in 2018.
Popular Applicant Tracking Systems of 2018
Choosing an ATS for your business is a crucial decision. The functioning of your entire recruitment system depends upon how effective your ATS is. Before finalizing such software, companies prefer to check the most popular applicant tracking systems.
The list is endless but, this year, the most famous names were BambooHR, Zoho Recruit, ClearCompany, iCIMS, Oracle, Workday and many more.
Major Acquisitions and Launches
Funding and Partnerships
Major Achievements in the ATS Market
-Scale & Grow your Hiring Process with AI: For Recruitment Agencies
-Co-hosted The New Digital Economy for HR: AI and Chatbots
I trust 2019 will bring in more new entries, developments, acquisitions, and growth in the ATS market.
At RChilli, we help ATS add value to their solution with our recruitment analytics solutions, i.e., resume parser, semantic search, and enrichment.