Applicant Tracking System Market Trends, Size, Share, Analysis, Growth, Key Players, And Forecast 2024-2032

2024-01-18 05:00:11

(MENAFN- IMARC Group) How Big is the Applicant Tracking System Market ? :

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.

Key Market Segmentation :

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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