According to the latest report by IMARC Group, titled, “Applicant Tracking System Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” The global applicant tracking system market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2032, exhibiting a growth rate (CAGR) of 8.5% during 2024-2032.

What is Applicant Tracking System ? :

An Applicant Tracking System (ATS) is a software application that automates the recruitment and hiring process, enabling organizations to streamline the complex task of sourcing, screening, and managing candidates. These systems are designed to organize a large volume of resumes, track applicants through various stages of the hiring process, and facilitate communication between recruiters and candidates. By eliminating manual data entry and offering advanced algorithms for candidate ranking, an ATS significantly enhances efficiency and reduces the time-to-hire. It also integrates seamlessly with other Human Resource Management Systems (HRMS), thus offering a cohesive talent acquisition and management solution.

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Competitive Landscape with Key players:

• ApplicantStack
• ATS Ondemand
• Clearcompany
• Greenhouse Software
• IBM
• iCIMS
• JazzHR
• Jobvite
• Oracle
• SAP SE
• SilkRoad Technology
• SmartRecruiters
• Tribepad
• Ultimate Software
• Zoho

Global Applicant Tracking System Market Trends:

The global Applicant Tracking System market is driven by the relentless evolution of technology, especially Artificial Intelligence (AI) and machine learning, which are making ATS solutions more intelligent, scalable, and customizable. These advanced features allow for predictive analytics and enhanced candidate matching, thereby elevating the efficacy of the recruitment process. Another critical factor is the escalating need for compliance with regulatory frameworks around data protection and equal employment opportunities. An ATS helps organizations maintain transparent and auditable recruitment records, thereby aiding in compliance. Remote work has become more prevalent than ever, creating new challenges in hiring and onboarding; ATS solutions with remote interviewing and onboarding capabilities are thus seeing increased adoption. Additionally, the rise of the gig economy is necessitating more agile and frequent hiring processes, which is further fueling demand for ATS platforms.

Breakup by Deployment:

• On-premises
• Cloud

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Component:

• Software
• Services

Breakup by End-User:

• BFSI
• IT and Telecommunications
• Government and Public Sector
• Retail
• Manufacturing
• Healthcare and Life Sciences
• Other

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Middle East and Africa
• Latin America

Key highlights of the report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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