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.

• Which were the most popular ATS in 2018?
• How did they rank according to their market share?
• What were their major achievements?
• What has been their growth rate?
• What were the major acquisitions and new launches?

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.

Source: prnewswire

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).

Source: ongig

Market Share

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.

Source: statista

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

• LinkedIn Announces Building New ATS
• SmartRecruiters Launches Talent Sourcing Technology
• PeopleKeys Acquires Repcruit
• Zoniac Launches New Zoniac ATS
• BerniePortal Releases Applicant Tracking Software
• Bullhorn Acquires Talent Rover & Jobscience
• iCIMS Acquires TextRecruit
• PrimePay’s Launches New Applicant Tracking Product

Funding and Partnerships

• Gr8People Announces $8 million in Series B funding
• Recruitment Chatbot Startup impress.ai Raises $1.2M
• Greenhouse Secures $50M Growth Investment
• ClearCompany Announces $60M in Growth Equity Investment
• ATS OnDemand And Corvirtus Announce Partnership
• Greenhouse and IBM Announce Partnership

Major Achievements in the ATS Market

• PhenomPeople has initiated an event- ‘I AM PHENOM’- a fantastic platform for HR professionals to come together. Its CEO, Mahe Bayireddi is named a Comparably 2018 Best CEO. It was also featured as one of Inc. Magazine's Best Workplaces 2018.
• Apart from raising $1.2M, impress.ai organized a series of events in this year.

-Scale & Grow your Hiring Process with AI: For Recruitment Agencies

-Co-hosted The New Digital Economy for HR: AI and Chatbots

• G2 Crowd finds ClearCompany achieves the highest relationship score in the Winter 2018 HR Management Suites Relationship Index report

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.

Credit: https://bit.ly/2Pwb0mC