In 2021, the global Applicant Tracking System market was estimated to be worth USD 2.3 billion. The market is expected to grow from USD 2.5 billion in 2022 to USD 3.8 billion by 2030, at a CAGR of 6.54% between 2022 and 2030.
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Applicant Tracking Systems is a software application security that enables electronic security processing of hiring and hiring needs by collecting and storing resumes in a database accessible to hiring professionals. Resumes can also be kept long after the original job you applied for has been filled. Corporate recruiters or hiring managers can then search and sort resumes in a number of ways, depending on the system they use. The market is segmented by type, application and region. By type, the market is segmented into Cloud and Web. Application in large companies and small and medium enterprises. And by region in North America, Europe, Asia-Pacific, Middle East and Africa. ATS software gives organizations the ability to customize the software to end-user needs, while the software is tailored specifically for organizations.
Typically, human resource management (HCM) suites provided by vendors provide ATS functionality as well as workforce management as an integrated package to manage the entire online recruitment process, from application tracking to employee to manage the employee lifecycle. The rapid pace of growth in data generation and the use of advanced technologies, such as the Internet of Things (IoT) and analytics is leading to greater adoption of cloud deployments, due to the advantages benefits of improved and organized storage as well as the ability to deliver data instantly. Necessary.
Businesses and government agencies find cloud-deployed ATS attractive because they are easy to provision, agile, and offer more functionality than on-premises ATS at an affordable cost. The application process is more complicated for large companies. Integrating existing systems with advanced ATS software is a challenge many large enterprises face, which can be easily solved using the powerful integration, training and support services offered by the company provided by ATS suppliers. This is a major factor contributing to the adoption of ATS software among large enterprises.
The information technology and telecommunications industry employ a lot of people, especially in the North American and APAC regions. The job market in the field of information technology and telecommunications is very dynamic with the rapidly changing technology landscape and the constant need to recruit qualified and qualified personnel. The role of ATS is increasingly important when the job market is dynamic and there is strong competition among employers to find, acquiring and skilled workforce.
North America is anticipated to maintain the biggest marketplace length within the international ATS marketplace in 2018, and APAC is projected to be the quickest developing area at some point of the forecast period. North America is a matured marketplace in phrases of generation adoption. North America is predicted to be the biggest sales generator within the ATS marketplace compared to the alternative regions.
Enterprises within the US and Canada are constantly making an investment in R&D sports to introduce new and superior technologies. Moreover, those international locations have robust economies and are adopting ATS answers at a quick tempo to conform within regulatory necessities and live to tell the tale within the quite aggressive recruitment marketplace.
The market for End User Applicant Tracking Systems has been segmented into IT & Telecom, Retail, BFSI, Retail & Consumer Goods, Manufacturing, Healthcare, Government and Sectors is different. Despite the somewhat bleak job outlook, the information technology and telecommunications industry is expected to drive the adoption of applicant tracking systems based on two key factors.
The first is the growing demand for talent worldwide and the number of applicants is increasing every day. To effectively manage these employees, IT & Telecom companies are deploying more and more tracking application systems. The second factor is the purchasing power of IT and telecommunications companies. Information and telecommunications technology is imbued with the highest spend ability for future technologies, through which the industry is expected to contribute significant profits to the applicant tracking system.
Applicant Tracking System Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 3.8 billion |
| Growth Rate | CAGR of 6.54 % during 2020-2030 |
| Segment Covered | By Services, Deployment, Organization Size, Industries, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | International Business Machines Corporation of the United States, Jobvite of the United States, Oracle Corporation of the United States, FindlyTalrnt LLC of the United States, BambooHR of the United States, Clear Company of the United States, CornerStone OnDemand of the United States, Bullhorn Inc of the United States, Exacthire of the United States, Hyrell of the United States, IBM Corporation of the United |
Key Segments of the Global Applicants Tracking System Market
By Component
- Software
- Services
By Deployment
- On-premises
- Cloud
By Organization Size
- SMEs
- Large Enterprises
By Vertical
- BFSI
- IT And Telecommunications
- Government and Public Sector
- Retail and Consumer Goods
- Manufacturing
- Healthcare and Life Sciences
- Others (Media and Entertainment, and Travel and Hospitality)
By Region
- North America
- United States
- Canada
- Europe
- United Kingdom (UK)
- Germany
- France
- Rest of Europe
- Asia Pacific (APAC)
- Japan
- India
- Australia and New Zealand (ANZ)
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa (MEA)
- Kingdom of Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- South Africa
- Rest of MEA
Frequently Asked Questions (FAQ) :
The Global applicant tracking system market is Segmented on the By Component, By Deployment, By Organization Size, By Vertical, Regions.
North America dominated the market for applicant tracking system market and accounted for the largest revenue share.
The major contenders in the global market are Rethink Ed, Wings for Kids, Newsela, Playworks, Hero K12, Panorama Education, Illuminate Education, Nearpod, EVERFI , and Committee for Children.
During the COVID-19 pandemic, remote recruitment of recruiters and managers has become very useful. Businesses are witnessing a major shift towards virtual interviewing with tools like Microsoft Teams, Skype, Zoom, and candidates increasingly familiar with these new technologies. The remote recruitment process requires new skills and fairly sophisticated candidate tracking skills. Employee onboarding is also becoming remote. For example, at Accenture Plc, a new employee may not come to the office for several months. Learning modules are also available remotely. The COVID-19 pandemic has changed the attitudes of job seekers to work. According to the comparative data in the report, it is not surprising that the level of stress at work has increased significantly and perceptions of the labour market have changed significantly. Data shows that 47% of workers are afraid of losing their jobs in mid-2020, up from 28% in February 2020. Moreover, nearly 46% of workers surveyed plan to have a second source of income in addition to their current full-time employment. The growing number of active job seekers worldwide creates more opportunities for job seeker tracking systems market.
By Component
During the forecast period, the software segment is expected to grow at a CAGR of 7.2%. Applicant tracking software gives enterprises the ability to customize software to the needs of their end users, even if the software is tailored for business use. The vendor-provided Human Capital Management (HCM) suite also features an applicant tracking system and workplace management as an integrated kit to manage the entire recruitment process from applicant tracking to employee lifecycle management. This is expected to increase market demand for software for applicant tracking systems.
By Application Type
During the forecast period, the cloud delivery segment is expected to grow at a CAGR of 9.3%. Implementing the ATS software cloud offers many benefits, including increased security, increased scalability, increased flexibility, and reduced costs. Increased data generation and the use of advanced technologies such as IoT and analytics are helping to increase acceptance of cloud delivery models with the benefits of improved and structured storage and data availability as needed. These factors are expected to help grow cloud-based applicant tracking systems.
North America currently dominates the global applicant tracking system market with a share of over 38%. North America is expected to have the largest share due to the involvement of developed countries such as the United States (US) and Canada. It is the most developed region of the ATS market, as virtually all large companies are headquartered in this region. In North America, companies are moving towards new and improved technologies by adopting digital business strategies. In addition, companies are investing in advanced technology to gain a competitive advantage and improve operations. All of these factors are driving the market in the region. In addition, increased adoption of cloud-based services is another factor that is expected to drive growth in North American target markets.