Global Applicant Tracking System and Tools
Market Report
2024
The Applicant Tracking System and tools market size was USD 2.6 billion in 2022 and will grow at a compound yearly growth rate (CAGR) of 6.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Applicant Tracking System and Tools Market Report 2024.
The Applicant Tracking System and tools market size was USD 2.6 billion in 2022 and will grow at a compound yearly growth rate (CAGR) of 6.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Applicant Tracking System and Tools Market Sales Revenue 2022 | $ 2.6 Billion |
Global Applicant Tracking System and Tools Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.9% |
Market Split by Component |
|
Market Split by Organization Size |
|
Market Split by Deployment |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Applicant Tracking System and Tools industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Applicant Tracking System and Tools Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The growing demand for digitalization and automation with the adoption of remote working models and implementation of ML and AI technologies to boost the scanning process which increases the efficiency and enhances the quality of hiring efforts of the company. The companies utilize ATS for hiring employees more effectively after the job openings on a job website, review resumes, and email interview invitations to qualified applicants.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the applicant tracking system and tools industry.
For instance, The talent acquisition suite provider Jobvite introduced its Evolve Talent Acquisition Suite in order to offer enterprise organizations a unified solution set Jobvite for simplifying complex challenges throughout the recruiting lifecycle. The Suite provides a single-user experience purpose-built for improving recruiting efficiency, cost-per-hire and effectiveness.
(Source: www.jobvite.com/company/)
As organizations continue to recognize the critical importance of attracting and retaining top talent, they are looking for more efficient and effective ways to manage their recruitment processes, increasing the adoption of ATS and related tools. ATS platforms streamline the recruitment process by automating various tasks like job posting, resume screening, interview scheduling and communication with candidates; this saves time for HR teams and hiring managers.
A study by the Aberdeen Group found that organizations that use an ATS can reduce their time to hire by up to 30%.
(Source: www.aberdeen.com/hcm-essentials/financial-value-recruitment-marketing/)
A positive candidate experience is important for attracting and retaining quality talent. ATS tools offer a user-friendly interface for candidates to apply for positions, upload their resumes and track their application status, improving the transparency and communication between candidates and recruiters. ATS platforms centralize data management, helps in data-driven decision-making, helps in scalability and growth, and offers collaborative hiring; the ATS tools can also be integrated with other HR system and provide customization and personalization.
The cost limitations and integration challenges can restrain the growth of the applicant tracking system and tools market. Implementing and maintaining an ATS can involve substantial costs, inclusive of software licensing fees, integration expenses, customization charges and ongoing support costs. Smaller businesses or organizations with limited budgets may find these costs prohibitive, hindering the adoption of ATS solutions. Further, integrating an ATS with existing HR systems, like HRIS, payroll, and other software solutions, can be challenging. Compatibility issues and data migration complexities might arise, slowing down the implementation process and adding to the overall cost.
The emergence of the crisis due to the COVID-19 pandemic increased the interest of companies in applicant tracking system software even more. Despite the lockdown, the global recruitment software market grew by 4.54% year over year in 2020. Filling prime positions in order to keep companies afloat was complex due to the social distancing and stay-at-home policies. The go-to method for keeping the hiring process moving and protecting both candidates and recruiters was remote recruiting. The shift towards recruiting necessitates strong applicant tracking techniques and feature-rich solutions. Therefore, most businesses have adopted hiring automation and virtual interviewing tools like Skype, Microsoft Teams, and Zoom, which has led to the growth of the applicant tracking system and tools market.
We have various report editions of Applicant Tracking System and Tools Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
The market for applicant systems and tools is dynamic, evolving and has a diverse competitive environment. It comprises a mix of established vendors, innovative startups, and software providers offering a range of ATS solutions to cater to different organizational needs. Due to globalization and technological development, there is fierce competition among businesses to provide cutting-edge solutions and professional and effective recruitment services.
(Source: www.icims.com/en-gb/company/newsroom/fallrelease22uk/)
Top Companies Market Share in Applicant Tracking System and Tools Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022 and accounts for the largest share of the global revenue due to several variables. The North American region dominates the market for applicant tracking systems and tools market due to increasing demand for automation and efficiency in recruitment processes. The robust job market of this region leads to a significant number of job openings across various industries. This high demand for talent requires efficient management. Thus, ATS can help organizations stay compliant by automating record-keeping and documentation. Furthermore, due to its significant economic size, vast global corporate presence, and diversified population, the United States is anticipated to hold a strong position in the North American area. The country has a persistent and evolving demand for efficient and streamlined recruitment processes. As the job market becomes growingly competitive and the talent acquisition landscape keeps on evolving in this country, businesses of all sizes recognize the importance of attracting and hiring the right candidates quickly and effectively. This demand is driving the adoption of ATS solutions across various industries.
The growth of the ATS and tools market in the Asia Pacific region is owing to the rapid expansion of businesses and the resulting increase in hiring activities. The region has substantial economic growth, urbanization and the emergence of various industries. Several APAC countries are considered emerging markets, attracting foreign investments and new business ventures, increasing the hiring activities and demand for a skilled workforce. The region has a boom in startups and small to medium-sized enterprises across various sectors. These companies often require effective recruitment solutions to attract and manage talent as they scale up.
The current report Scope analyzes Applicant Tracking System and Tools Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Applicant Tracking System and Tools Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Applicant Tracking System and Tools Industry growth. Applicant Tracking System and Tools market has been segmented with the help of its Component, Organization Size Deployment, and others. Applicant Tracking System and Tools market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, software is the item that is utilized the most frequently in the market for applicant tracking systems and tools because of the increased adoption of ATS software among organizations in recent years due to its ability to automate and streamline the process of recruitment. The software makes it easy for organizations to manage and track huge volumes of job applications by digitizing resumes, applications and other data of candidates. The software also assists organizations in standardizing their recruitment process by offering a consistent, impartial evaluation of candidates based on predetermined criteria, minimizing the risk of human error or bias.
Service is the second-most popular category. ATS vendors often offer implementation services to assist organizations in setting up and configuring the ATS according to their specific needs and workflows, like data migration, system setup and initial customization. The introduction of a new ATS can involve a change in management efforts to help employees adapt to the new system and processes. The service providers can offer guidance and resources to facilitate a smooth transition.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Applicant Tracking System and Tools Industry. Request a Free Sample PDF!
According to Cognitive Market Research, large enterprises segment dominates the market. Large enterprises are opting for applicant tracking systems in huge numbers because of their capability to manage complex and often high-volume recruitment processes. ATS system offers a centralized platform to organizations for storing and tracking candidate data, making it easier to manage a large volume of job applications and resumes. The recruitment process is also standardized by the software, which offers a consistent, impartial evaluation of candidates based on predetermined criteria, minimizing the risk of human errors or bias.
The small and medium-sized enterprises segment is the fastest growing. SMEs often have limited resources, inclusive of HR staff; ATS solutions streamline recruitment processes, automate administrative tasks and allow efficient management of candidate data. This significantly saves time and allows HR teams to focus on more strategic tasks. The ATS solutions improve the candidate experience, centralize the data management, improve the scalability of SMEs, assist in consistent workflows, and help in data-driven decision-making.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
The cloud segment is dominating the market growth due to the increasing demand for cloud-based applicant tracking systems among organizations due to their many advantages over conventional on-premises solutions. Cloud-based ATS systems provide accessibility, flexibility, and scalability to the organization, enabling it to manage and track the job applications from anywhere with an internet connection. Cloud-based ATS systems have the ability to integrate with other cloud-based tools like calendar, email, and project management software, enabling HR professionals to work more efficiently and effectively.
According to Cognitive Market Research, on-premise is the second-most popular deployment. The organizations have direct control over their candidate and recruitment data with on-premise deployment, which is important for industries with strict data privacy and compliance regulations. On-premise solutions. It offers more extensive customization options compared to cloud-based solutions, and some organizations prefer on-premise deployment due to security concerns.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Applicant Tracking System and Tools Market is witnessing significant growth in the near future.
In 2023, the Software segment accounted for noticeable share of global Applicant Tracking System and Tools Market and is projected to experience significant growth in the near future.
The Large Enterprises segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Workday , Greenhouse and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Software, Services |
Organization Size | Large Enterprises, Small & Medium-Sized Enterprises |
Deployment | On-Premises, Cloud |
List of Competitors | Workday, Oracle Talent Acquisitions Cloud, Greenhouse, SAP SuccessFactors, Jobvite, JazzHR, BambooHR, SmartRecruiters, Bullhorn, UltiPro by Ultimate Software, Newton Software, Workable, Jobadder, Freshteam by Freshworks, Zoho Recruit, ApplicantStack, iCIMS, Lever, Taleo by Oracle, Breezy HR |
This chapter will help you gain GLOBAL Market Analysis of Applicant Tracking System and Tools. Further deep in this chapter, you will be able to review Global Applicant Tracking System and Tools Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Organization Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Deployment Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Applicant Tracking System and Tools market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Software have a significant impact on Applicant Tracking System and Tools market? |
What are the key factors affecting the Software and Services of Applicant Tracking System and Tools Market? |
What is the CAGR/Growth Rate of Large Enterprises during the forecast period? |
By type, which segment accounted for largest share of the global Applicant Tracking System and Tools Market? |
Which region is expected to dominate the global Applicant Tracking System and Tools Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Applicant Tracking System and Tools Market
Request Sample