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Applicant Tracking System (ATS) Market size is set to grow by USD 714.3 million from 2024-2028, Advantages of applicant tracking systems boost the market, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global applicant tracking system (ATS) market size is estimated to grow by USD 714.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 5.25%  during the forecast period. Advantages of applicant tracking systems is driving market growth, with a trend towards mobile-based applicant tracking systems apps. However, limitations of applicant tracking systems  poses a challenge. Key market players include Applied Training Systems Inc., Arcoro, Automatic Data Processing Inc., Bamboo HR LLC, Bullhorn Inc., ClearCo. Inc., Cornerstone OnDemand Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Learning Technologies Group Plc, Oracle Corp., Paycor HCM Inc., SAP SE, Self Management Resources Corp., Silkroad Technology Inc., Skeeled HR S.a.r.l., UKG Inc., Workday Inc., and Zoho Corp. Pvt. Ltd..

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Applicant Tracking System (ATS) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.25%

Market growth 2024-2028

USD 714.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.98

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, China, UK, Canada, and Germany

Key companies profiled

Applied Training Systems Inc., Arcoro, Automatic Data Processing Inc., Bamboo HR LLC, Bullhorn Inc., ClearCo. Inc., Cornerstone OnDemand Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Learning Technologies Group Plc, Oracle Corp., Paycor HCM Inc., SAP SE, Self Management Resources Corp., Silkroad Technology Inc., Skeeled HR S.a.r.l., UKG Inc., Workday Inc., and Zoho Corp. Pvt. Ltd.

Market Driver

The use of mobile applicant tracking systems (ATS) is on the rise due to the widespread adoption of smartphones worldwide. Major vendors like Google Hire, BambooHR, and Zoho Recruit offer mobile-compatible ATS apps for both Android and iOS platforms. Recruiters are increasingly posting job notifications on mobile-friendly platforms to reach a larger candidate pool. With an increasing number of job seekers using mobile devices for their job search, particularly in emerging markets such as India, South Korea, and China, the demand for mobile ATS apps is anticipated to grow significantly during the forecast period. As a result, more vendors are expected to integrate mobile-friendly applications into their ATS offerings, driving market growth. 

The Applicant Tracking System (ATS) market is experiencing significant growth, with turnover projected to reach new heights in the coming years. Technology providers are enhancing their offerings with trends like video interviews, employment branding, and ML technologies. ILO’s latest report highlights mergers and acquisitions in the industry, making it a competitive landscape. Enterprise organizations are embracing technologically advanced ATS software for a unified set of solutions, streamlining the recruiting lifecycle. With social distancing and remote hiring, ATS software has become essential for business continuity and virtual hiring strategies. Job seekers benefit from career opportunities and talent intelligence in the talent cloud. Future of Work relies on automation, AI technology, and recruiting automation for efficiency and quality. Existing employees also benefit from ATS for their career growth. 

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Market Challenges

Applicant Tracking Systems (ATS) play a significant role in the recruitment process, but they come with certain limitations. These systems can only read specific file formats and may overlook ideal candidates due to strict keyword matching. The inability to measure the long-term quality of an applicant is another limitation. While ATS tools streamline the initial stages of recruitment, they fall short in assessing the entire employee lifecycle. To ensure compatibility, resumes must be optimized before uploading. The reliance on keywords may exclude qualified candidates with diverse backgrounds or experience outside the job description. These limitations may hinder the growth of the global ATS market during the forecast period.The Applicant Tracking System (ATS) market is essential for firms looking to streamline their talent acquisition activities. However, implementing an ATS comes with challenges. Risk of data breaches and ensuring candidate privacy is a major concern. Identifying the right talent with the required skills is another challenge. The selection process involves various stages, and each stage requires the recruiter’s role to be effective. Artificial intelligence and machine learning have become essential tools in the recruitment process. However, understanding candidate behavior and brand recognition on various platforms and channels is crucial for success. KPIs like workload, candidate pools, and procedure analyses help recruiters make data-driven recruitment decisions. Recruitment companies are increasingly adopting ATS to optimize their recruitment marketing efforts. Visual dashboards provide valuable insights into candidate profiles, interest preferences, and requirements. Employers must invest in marketing to attract top talent and analyze reports for employee retention. CPOs need to ensure a smooth procedure for resume screening, keyword optimization, and candidate communication. Traditional hiring methods based on guesswork and the likeability factor can lead to risky hiring decisions. A well-defined data analytics strategy is necessary to ensure a successful ATS implementation.

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Segment Overview 

This applicant tracking system (ats) market report extensively covers market segmentation by  

End-user 1.1 BFSI1.2 Government1.3 Telecom and IT1.4 Healthcare and life sciences1.5 OthersDeployment 2.1 On-premise2.2 Cloud-basedGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 BFSI-  The Applicant Tracking System (ATS) market assists businesses in managing their recruitment process efficiently. It streamlines application collection, resume screening, and interview scheduling. Companies can set up customized job postings, search for candidates using specific keywords, and communicate with applicants effectively. ATS enhances productivity by reducing manual work and minimizing time-to-hire. It provides valuable analytics and reports, enabling informed hiring decisions. Overall, ATS is an essential tool for modern recruitment strategies.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Applicant Tracking System (ATS) market is experiencing significant growth as organizations adapt to the new normal of remote work and social distancing. ML technologies are playing a crucial role in ATS software, enabling automation and AI technology for CV screening, interview scheduling, and room scheduling. Business continuity is a top priority, with ATS software ensuring uninterrupted talent acquisition processes during economic decline. Virtual hiring strategies are becoming the norm, with ATS software facilitating remote interviews and onboarding. Tracking applications are essential for monitoring the progress of job seekers and ensuring business efficiency and quality. The Future of Work is increasingly dependent on ATS software, allowing employees to work from home and enabling organizations to adapt to the changing economy. Investment in ATS software is on the rise, with ads for tracking systems becoming commonplace. The use of ATS software is not only essential for recruiting automation but also for ensuring business continuity and maintaining a competitive edge.

Market Research Overview

The Applicant Tracking System (ATS) market is experiencing significant growth due to the increasing adoption of ML technologies and recruitment automation in the Future of Work. With the shift towards remote hiring and business continuity strategies, ATS software has become essential for organizations of all sizes, from SMEs to large enterprises. The technological landscape of ATS is evolving rapidly, with AI technology and predictive analytics playing a key role in improving efficiency and quality in the hiring process. ATS software enables talent professionals, hiring managers, and recruiters to manage open positions, track new hires, and handle CV screening and interviews. It also offers recruitment analytics to help organizations make data-driven decisions and improve candidate satisfaction. The implementation of ATS involves IT teams ensuring enterprise infrastructure, security, and networking requirements are met. Security plans and cybersecurity measures are crucial to mitigate risks and protect sensitive data. The ROI of ATS investment justifies the cost savings from labor and increased efficiency. In the current economic climate, ATS software is essential for adapting to economic changes and managing attrition rates. Advanced technologies like ML and AI are transforming the recruitment process, enabling virtual hiring strategies, and providing real-time tracking of candidates and open positions. The future of ATS includes integration with other IT services and devices, room scheduling, and advanced selection process stages. The use of ATS is not limited to offices but is increasingly being adopted by home-based recruiters and remote workers. The economic decline has accelerated the adoption of ATS, making it an essential tool for organizations seeking to stay competitive in the talent market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userBFSIGovernmentTelecom And ITHealthcare And Life SciencesOthersDeploymentOn-premiseCloud-basedGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Leoguar Electric Bike Makes Christmas Unforgettable with Exclusive Holiday Offers

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HOUSTON, Dec. 25, 2024 /PRNewswire/ — As the holiday season draws near, Leoguar is excited to offer exclusive deals on their range of electric bikes, bringing families together for memorable moments. With a collection designed to combine fun and fitness, this Christmas is the perfect time to gift an unforgettable experience.

“This Christmas, we’re inviting families to rediscover the joy of outdoor exploration. Our bikes help you bond, stay active, and make the most of every moment,” said the Leoguar COO.

Leoguar’s holiday lineup offers premium e-bikes for every rider, now with unbeatable deals: 

Flippo Folding eBike: A lightweight, foldable ride perfect for urban commutes. Upgrade to the Flippo Pro for enhanced performance with a torque sensor for smoother rides.

Fastron Fat Tire eBikes: Built for rugged terrains, the Fastron features a durable, rugged build, and speeds up to 28 MPH, making it the perfect choice for adventurous riders.

Zephyr Beach Cruiser eBikes: Crafted for effortless coastal cruising, the design combines style and comfort, featuring a comfort saddle that ensures a smooth, seamless ride.

Sprint Utility eBike: A versatile, practical choice featuring a sturdy frame and passenger seat, perfect for errands or leisure.

Trailblazer EMTB: Designed for tough off-road trails, the model features a 500W mid-drive motor, offering powerful performance, extended range, and excellent climbing ability.

To make this holiday gift even sweeter, all Leoguar bikes come with free shipping and a two-year warranty for worry-free riding. Additionally, customers can join the holiday giveaway to win prizes like $59 bottle holders, or even a free e-bike!

Leoguar bikes cater to all experience levels, offering comfort and a seamless riding experience. They promote health benefits like improved fitness and stress relief while creating lasting memories on scenic rides.

“Whether it’s cruising the city streets, riding mountain trails, or relaxing by the beach, a Leoguar electric bike is the ideal Christmas gift,” the COO added. “This holiday season, choose a cycling gift that will last for years to come — there’s no better way to kick off the new year.”

To check out the full collection and take advantage of these limited-time offers, visit www.leoguarbikes.com

About Leoguar:

Leoguar is an eco-conscious e-bike brand founded by Johnny, an engineer with decades of industry expertise. Combining innovation, agility, and power, Leoguar delivers high-quality electric bikes designed for adventure, sustainability, and individuality.

Media contact: lily@leoguarbikes.com 

 

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SOURCE Leoguar Electric Bikes

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2024 Financial Oscars: Waton Securities International Honored as “Outstanding Digital Empowerment Institution” of the Year

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SHENZHEN, China, Dec. 25, 2024 /PRNewswire/ — In early December, at the 18th Huaxia Institutional Investor Annual Conference of 2024, the 18th Golden Cicada Awards were announced. Waton Securities International was awarded the “Outstanding Digital Empowerment Financial Institution of 2024” for its significant achievements in securities brokerage and fin-tech sector.

The selection for the “Outstanding Digital Empowerment Financial Institution” focused on evaluating companies based on financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, digital transformation outcomes, and risk control capabilities. Particularly, it highlighted cases that have made significant strides in digital empowerment.

The evaluation also emphasized the outstanding performance of financial institutions in their own digital transformation and the sound risk control abilities demonstrated during this process, ensuring that while pursuing innovation, companies can effectively manage and control risks. Waton Securities International distinguished itself among the contenders with its sophisticated technology platform, well-defined digital strategy, substantial transformation achievements, and commendable risk control mechanisms.

Established in Hong Kong in 1989, Waton Securities International has steadily grown with a deep understanding of professional financial services and regulatory compliance. It has obtained licenses 1/4/5/9 from the Hong Kong Securities and Futures Commission, becoming a fully licensed brokerage with comprehensive financial service qualifications. Through continuous technological innovation and digital transformation, it has successfully built a one-stop brokerage cloud service platform, promoting advanced digital financial technology globally. Its pioneering SaaS product, “Broker Cloud”, allows corporate clients to independently deploy and operate high-performance digital customer information management and trading systems without their own IT teams. The solution is relatively low-cost and adaptive to industry, which is the core competitiveness of Waton Securities International.

Data reveals that of the 1,100 securities firms in Hong Kong, approximately 600 are actively trading, yet fewer than 50 have developed their own mobile applications. On a global scale, among the 30,000 securities companies, only a handful—less than 300—feature brokerage trading Apps in App stores. This underscores a significant market demand for the digital enhancement of the securities sector.

With the swift growth of technologies like generative AI LLMs, blockchain, big data, and cloud computing, the securities industry can use these tools to streamline trading strategies, assess risks more accurately, and forecast market trends. These technologies also help the industry to move towards more integrated, platform-focused, and digital operations. The main goal of technology in finance is to increase the efficiency of financial institutions. A good starting point for applying technology is to focus on financial services and build a solid technical foundation for these institutions.

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SOURCE Waton Securities

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Mega Matrix Announced that the English Version of “Getting Even: The Secret Prodigy’s Playbook” Now Streaming on FlexTV

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SINGAPORE, Dec. 25, 2024 /PRNewswire/ — The highly anticipated English adaptation of the revenge rebirth series, Getting Even: The Secret Prodigy’s Playbook, officially premiered on December 19th on FlexTV, the world-leading short drama streaming platform operated by Mega Matrix Inc. (NYSE American: MPU). The series delves into the intricacies of power struggles within the White family, chronicling the protagonist’s journey of rebirth and empowerment to rewrite her destiny.

Audrey White, the legitimate daughter of the White family, was sent abroad at a young age due to family circumstances, gradually estranging her from her kin. When she finally returns home, eager to reunite with her family, she unexpectedly becomes the target of jealousy from Ruby White, the family’s adopted daughter. Harboring deep resentment, Ruby orchestrates a kidnapping plot, culminating in a devastating fire designed to test the loyalty and affection of the White family.

Left to perish in the flames, Audrey is abandoned by her family but heroically rescued by her uncle. Miraculously, she is granted a second chance at life, returning three years prior with the power to alter her fate. Determined to expose Ruby’s schemes, rebuild her family bonds, and claim her rightful respect and happiness, Audrey embarks on a journey of resilience and redemption.

FlexTV, operated by MPU, is a global leader in short drama streaming, delivering content in over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Known for its premium-quality dramas and unparalleled user experience, FlexTV has captured the hearts of audiences worldwide. The English version of Getting Even: The Secret Prodigy’s Playbook, now streaming on FlexTV, offers a compelling exploration of familial power dynamics, the complexities of human nature, and the protagonist’s growth and self-redemption in adversity. For more exciting content, please visit https://www.flextv.cc/.

#WealthyFamily #Revenge #Rebirth #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

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