The Global Applicant Tracking System Market Size Was Valued At USD 2.14 Billion In 2021 And Is Expected To Expand At A Compound Annual Growth Rate (CAGR) Of 6.2% From 2022 To 2030.

Applicant Tracking System (ATS) Market Overview:

An Applicant Tracking System (ATS) is talent management software that organizes and monitors an organization's job postings, resumes, candidates, and clients. The information in the software database simplifies the hiring process by performing a preliminary analysis and filtering out qualified and qualified candidates. Managers can also schedule interviews, send rejection letters, and handle required paperwork digitally through ATS. It aims to reduce the workload of recruiters and provide a central repository for applicant data. ATS also helps improve the candidate's overall experience by minimizing time spent on administrative tasks, providing faster resume screening, and facilitating joint hiring.

Increasing penetration of cloud-based platforms along with adoption of mobile-based recruitment systems is one of the key factors driving the growth of the market. Organizations are rapidly adopting Software-as-a-Service (SaaS) to automate the recruiting and hiring process. Manage the hiring process for the right candidates by improving workforce efficiency and productivity. ATS also enables companies to adopt strategic methods for promoting their brands and attracting qualified job seekers. Additionally, the integration of organizations with artificial intelligence (AI) is driving the market growth. The software uses an optical tracker to monitor applicants and identify market trends and patterns through trading activity and analytical inputs while providing accurate results. Additionally, factors such as increasing need to replace traditional hiring methods to reduce time wastage and cost and improve the quality of hiring decisions are expected to further drive the market.

Applicant Tracking System (ATS) market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Applicant Tracking System (ATS) market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In October 2022, iCIMS announced the acquisition of SkillSurvey to reduce the time and cost of reference resolution for the company's customers.
• In September 2022, Cornerstone announced the advancement of EdCast, the learning experience platform acquired by Cornerstone. These advancements include cross-platform integrations, intuitive insights and dashboards, and new technology capabilities.
• In June 2021, Telefonica Tech and IBM launched a hybrid cloud solution powered by AI and blockchain technology, establishing an open hybrid cloud strategy that can accelerate the way enterprises innovate to meet the evolving needs of their customers. Accepted.

Major Market Segments Covered in Applicant Tracking System (ATS) Industry Research:

Market Key Players:
Oracle(US), IBM (US), iCMIS (US), PeopleFluent (US), Cornerstone (US), Workday (US), Bullhorn (US), Ultimate Software (US), ADP (US), SAP (Germany), Jobvite (US), Silkroad Technology (US), Paycor (US), Greenhouse Software (US), ClearCompany (US), BambooHR (US), Infor (US), Zoho (India), SmartRecruiters(US), JazzHR (US), CEIPAL (US), skeeled (Luxembourg), Breezy HR (US), Ascentis (US), Tribepad (UK), Manatal(Thailand), Trakstar Hire (US), ATS OnDemand(US), Oorwin (US), TalentNest (US), and Lever (US)

By Type:

• On- premise
• On-cloud

By Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

By Component:

• Software
• Services

By Application:

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

By Region:

North America dominated the applicant tracking system market in 2021, accounting for over 40% revenue share. Developed countries such as Canada and the United States drive the growth of the market. As adoption of digital strategies increases, North America is moving towards upgraded new technologies. We also invest more in advanced technology to improve operations and gain competitive advantage.

For example, in March 2022, US-based recruitment software company iCIMS acquired Candidate.ID to provide an applicant tracking system that allows clients to better identify and know their talents through lead scoring. The acquisition also allows iCIMS to expand its customer base and expand its business in the United States through ATS products.

Asia Pacific is expected to grow at the fastest CAGR of 9.1% during the forecast period. Corporate partnerships and increasing digitization are driving regional market growth. Significant growth in business with the United States over the past decade has increased the adoption of ATS software in the region. The growing impact of economic importance has directly impacted ATS growth in the region.

For example, in May 2022 Viventis, a human capital consulting firm in Asia, announced a partnership with ATS software provider and recruitment firm LiveHire Limited. The partnership aims to transform Viventis' acquisition strategy and strengthen its operations in the region. It will also help companies improve their job offers and portfolio of services and build strong, insight-driven relationships with their clients.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Drivers

Some of the major factors driving the applicant tracking system market are the growing adoption of cloud-related applicant tracking systems that can track employees on premises. ATS boosts screening and task activity on numerous task boards that release manual bias along with errors. Because it lowers the latency and lowers the cost of the ATS market. Additionally, some organizations are adopting ATS because of their focus on improving employee satisfaction. This can be demonstrated by improved communication skills and reduced manpower and costs. It turns out that applications are being updated in the application tracking system market.

Opportunities

The software gives companies the flexibility to increase customization of the software to meet the needs of end users. Additionally, the ATS feature has helped implement the recruitment process that begins with the applicant's life and ends with the employee's life.

Challenges

The combination of old ATS systems with new advanced systems is a major challenge for application tracking system market growth. Fierce competition among market participants to adopt new resources, source, attract resources and acquire talent. Manual hiring increases the costs associated with HR departments increasing their workforce. Adopting a new IT system reduces costs associated with the staffing process. Additionally, the adoption of new ATS systems will be difficult if the software is not checked for case compatibility. Compatibility checks should be performed to ensure consistency.

Restraints

The existence of limiting factors such as the absence of workers in production units has hampered growth.

Applicant Tracking System (ATS) Market report scope:

Key Takeaways from this Applicant Tracking System (ATS) Report

• Estimate Applicant Tracking System (ATS) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Applicant Tracking System (ATS) market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Applicant Tracking System (ATS) market?

The Applicant Tracking System (ATS) Market is growing at a CAGR of 6.2% During Forecast Period.

 What are the key types of Applicant Tracking System (ATS) market?

On- premise, On-cloud

What are the key applications of Applicant Tracking System (ATS) market?

BFSI, IT and Telecommunications, Government and Public Sector, Retail, Manufacturing, Healthcare and Life Sciences, Others

Who are the key players in Applicant Tracking System (ATS) market?

Oracle(US), IBM (US), iCMIS (US), PeopleFluent (US), Cornerstone (US), Workday (US), Bullhorn (US), Ultimate Software (US), ADP (US), SAP (Germany), Jobvite (US), Silkroad Technology (US), Paycor (US), Greenhouse Software (US), ClearCompany (US), BambooHR (US), Infor (US), Zoho (India), SmartRecruiters(US), JazzHR (US), CEIPAL (US), skeeled (Luxembourg), Breezy HR (US), Ascentis (US), Tribepad (UK), Manatal(Thailand), Trakstar Hire (US), ATS OnDemand(US), Oorwin (US), TalentNest (US), and Lever (US)