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Applicant Tracking Systems market is forecast to reach $3.2 billion by 2030, growing at a CAGR 7.6% from 2024 to 2030.
Applicant Tracking Systems Market Overview
Applicant Tracking Systems market is forecast to reach $3.2 billion by 2030, growing at a CAGR 7.6% from 2024 to 2030. Applicant Tracking Systems is also known as the candidate management system, and enterprises use the software to more efficiently recruit employees and is used in conjunction with customer relationship management solutions. The Applicant Tracking Systems can also be used to post job openings on a company website or work board to review resumes, and to create interview requests via e-mail to deserved applicants. Given the need for automation of recruitment practices, Applicant Tracking Systems is gaining significant adoption across governments and businesses. When applicant tracking software application automates screening and job application posting of applicants through various work boards, it reduces bias and manual errors by using data mining and natural language processing. Cloud-based applicant tracking software as a service solution is slowly seeing higher acceptance due to lower latency and lower Applicant Tracking Systems prices. Many verticals are also increasingly implementing Applicant Tracking Systems due to growing emphasis on growing the satisfaction of applicants by improving communication and reducing the recruitment workforce and expense. Due to the time, cost, and bias issues associated with human analysis, the manual analysis of candidates' applications is getting outdated. Applicant Tracking Systems provides not only actionable insights but also reduces the hiring and recruitment time and costs.
Applicant Tracking Systems (ATS) are revolutionizing recruitment processes by integrating artificial intelligence (AI). AI augments various aspects of recruitment, including resume screening, candidate matching, and communication automation. By leveraging AI, ATS enhances the efficiency of HR professionals, enabling them to make data-driven decisions. Moreover, AI-driven ATS reduces human bias in the hiring process, promoting fairness and objectivity. These advancements optimize HR workflows, leading to improved candidate quality and streamlined recruitment operations. Modern ATS platforms prioritize user experience, offering intuitive interfaces and mobile-friendly designs. User-centric features like simplified job postings, candidate engagement tools, and customizable dashboards improve efficiency and engagement for recruiters and candidates alike.
Report Coverage
The report: “Applicant Tracking Systems Market – Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of Applicant Tracking Systems Market.
By Component: Software, Service.
By Deployment Type: On-premise, Cloud.
By Organization Size: SMEs, Large Scale.
By End-user Industry: Automobile, IT & Telecommunications, Aerospace and Defense, Energy and Mining, Education and Research, Government & Public Sector, Electrical and Electronics, Retail & Consumer Goods, Manufacturing, Healthcare & Life Sciences and Others
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina, Chile, Colombia and others), Europe(Germany, UK, France, Italy, Netherlands, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia, New Zealand, Malaysia, Indonesia and Others), and RoW (Middle East and Africa).
Key Takeaways
• The manual analysis of candidates' applications is becoming outdated due to the time, cost, and bias issues associated with human analysis. Applicant Tracking Systems not only offers actionable feedback but also reduces the time and cost of hiring and recruiting.
• Implementation of ATS cloud software offers various benefits, such as increased security, increased scalability, increased flexibility and lower costs and this is expected to boost market growth.
• North America is expected to have the largest share, as developed economies such as the United States (US) and Canada are involved. It is the most developed region on the ATS market, as virtually all the major companies have their headquarters in the area. The demand for the Applicant Tracking Systems is growing because of the introduction of cloud-based technology.
• According to the SAP SE, digital transformation helps to send and retain talent in increasing rapid and efficient operations. As a result, the growing demand for digitalization is expected to drive the Applicant Tracking Systems market during the forecast period.
Applicant Tracking Systems Market Segment Analysis - By Component
During the forecast period, software segment is expected to grow at a CAGR of 6.9% during 2024-2030. Applicant tracking software gives companies the ability to adapt the software to the needs of the end-users, although the software is tailor-made for use by companies. The Human Capital Management (HCM) Suites offered by vendors also include Applicant Tracking Systems functionality along with workplace management as an integrated kit for managing the entire hiring process, right from applicant tracking to employee life cycle management. This is expected to boost the market demand for Applicant Tracking Systems software.
Applicant Tracking Systems Market Segment Analysis - By Deployment Type
During the forecast period the cloud deployment segment is expected to grow at a CAGR of 8.8% between 2024-2030. ATS software cloud implementation provides various benefits, such as improved security, enhanced scalability, enhanced flexibility and lower costs. The increase in data generation and the use of advanced technologies such as IoT and analytics contributes to increased adoption of the cloud deployment model due to the advantages of enhanced and structured storage and ready data availability when necessary. These factors are expected to help in the growth of Cloud-based Applicant Tracking Systems.
Applicant Tracking Systems Market Segment Analysis - By Geography
North America currently dominates the global Applicant Tracking Systems market with a share of more than 37.5% in 2023. North America is expected to have the largest share, due to the involvement of developed economies like the United States (US) and Canada. It is the most developed region on the ATS market, since virtually all the major corporations are headquartered in the area. In North America organizations move towards new and upgraded technologies with the increasing adoption of digital business strategies. In addition, organizations have invested in advanced technologies to gain a competitive advantage and enhance operations. All these factors are the driving force of the market in this region. In addition, increasing adoption of cloud-based services is another factor projected to drive growth of the target market in North America.
Applicant Tracking Systems Market Drivers
Adoption of Cloud based Technologies
Due to the adoption of cloud-based technology, market demand for the Applicant Tracking Systems is increasing. Cloud-based technologies enable secure data processing and provide results-oriented performance to solve recruitment problems. These systems also increase the speed of the software and reduce the response time by updating information in real time. This helps to accelerate the recruitment process and make better decisions in less time. It is therefore expected that demand for cloud-based technology would increase the market for Applicant Tracking Systems over the forecast period.
Increasing Demand for Digitalization
Rising demand for digital services improves the overall quality and organizes the data automatically. Companies will not have to pay extra for the additional time needed to process and file the paper applications, thus speeding up the hire time. Digital transformation is helping to attract talent in rising through speedy and productive operations, according to the SAP SE. Therefore, the increasing demand for digitalization is expected to drive the Applicant Tracking Systems market during the forecast period.
Applicant Tracking Systems Market Challenges
Lack of Awareness Regarding Applicant Tracking Systems and Security Concern
It is time-consuming to manually process information. Applicant monitoring systems help source the best applicant while helping to interact effectively with all the applicants. Therefore, lack of product knowledge can hinder the growth of the market for Applicant Tracking Systems. Growing security and privacy issues related to the implementation of such applications over cloud-based delivery are a hampering growth factor in the global market for Applicant Tracking Systems.
Applicant Tracking Systems Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Applicant Tracking Systems Market. Applicant Tracking Systems Market is expected to be dominated by major companies such as Oracle, IBM, SAP, iCIMS, Jobvite, JazzHR, ClearCompany, BambooHR, Zoho Corporation Pvt. Ltd. and Trakstar.
Acquisitions/Technology Launches
• On February 2022, TalentRun, Alcor's latest Applicant Tracking Systems, streamlines recruitment with automated, centralized management on the ServiceNow® platform, optimizing the hiring process for organizations worldwide. Its enhanced features ensure seamless workflow integration, enabling agile and efficient digital transformations.
• On June 2023, Elevatus introduced EVA-MED, a cutting-edge ATS tailored for the healthcare industry, addressing the global demand for elite healthcare talent by 2030. EVA-MED facilitates the recruitment of top-tier healthcare professionals, bolstering patient care and revenue growth for medical groups worldwide.
1. Applicant Tracking Systems Market- Overview
1.1.Definitions and Scope
2. Applicant Tracking Systems Market- Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Applicant Tracking Systems Market- Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Applicant Tracking Systems Market- Start-up Companies Scenario Premium
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Applicant Tracking Systems Market– Market Entry Scenario Premium Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Applicant Tracking Systems Market- Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Applicant Tracking Systems Market– Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Applicant Tracking Systems Market– by Deployment Type (Market Size – $Million/$Billion)
8.1. On-Premises
8.2. Cloud
9. Applicant Tracking Systems Market– by Component (Market Size – $Million/$Billion)
9.1. Software
9.2. Services
10. Applicant Tracking Systems Market – by Organization Size (Market Size – $Million/$Billion)
10.1. SMEs
10.2. Large Scale
11. Applicant Tracking Systems Market– by Vertical (Market Size – $Million/$Billion)
11.1. Automobile
11.2. IT & Telecommunications
11.3. Aerospace and Defense
11.4. Energy and Mining
11.5. Education and Research
11.6. Government & Public Sector
11.7. Electrical and Electronics
11.8. Retail & Consumer Goods
11.9. Manufacturing
11.10. Healthcare & Life Sciences
11.11. Others
12. Applicant Tracking Systems Market – by Geography (Market Size – $Million/$Billion)
12.1. North America
12.1.1. U.S
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. Germany
12.2.2. France
12.2.3. UK
12.2.4. Italy
12.2.5. Spain
12.2.6. Belgium
12.2.7. Netherlands
12.2.8. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. Japan
12.3.3. South Korea
12.3.4. India
12.3.5. Australia & New Zealand
12.3.6. Indonesia
12.3.7. Malaysia
12.3.8. Taiwan
12.3.9. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Chile
12.4.4. Colombia
12.4.5. Rest of South America
12.5. Rest of The World
12.5.1. Middle East
12.5.2. Africa
13. Applicant Tracking Systems Market– Entropy
13.1. New product launches
13.2. M&A s, collaborations, JVs and partnerships
14. Applicant Tracking Systems Market– Industry/Segment Competition Landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Country- Top companies
14.1.2. Market Share by Region- Top 10 companies
14.1.3. Market Share by type of Application - Top 10 companies
14.1.4. Market Share by type of Product / Product category- Top 10 companies
14.1.5. Market Share at global level - Top 10 companies
14.1.6. Best Practises for companies
15. Applicant Tracking Systems Market– Key Company List by Country Premium Premium
16. Applicant Tracking Systems Market- Company Analysis
16.1. Oracle
16.2. IBM
16.3. SAP
16.4. iCIMS
16.5. Jobvite
16.6. JazzHR
16.7. ClearCompany
16.8. BambooHR
16.9. Zoho Corporation Pvt. Ltd.
16.10. Trakstar
LIST OF TABLES
1.Global Applicant Tracking System Market, By Deployment Market 2023-2030 ($M)1.1 Cloud Market 2023-2030 ($M) - Global Industry Research
1.2 On-Premises Market 2023-2030 ($M) - Global Industry Research
2.Global Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 ($M)
2.1 Facebook Market 2023-2030 ($M) - Global Industry Research
2.2 Linkedin Market 2023-2030 ($M) - Global Industry Research
2.3 Twitter Market 2023-2030 ($M) - Global Industry Research
3.Global Applicant Tracking System Market, By Deployment Market 2023-2030 (Volume/Units)
3.1 Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 On-Premises Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 (Volume/Units)
4.1 Facebook Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Linkedin Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Twitter Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Applicant Tracking System Market, By Deployment Market 2023-2030 ($M)
5.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
5.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
6.North America Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 ($M)
6.1 Facebook Market 2023-2030 ($M) - Regional Industry Research
6.2 Linkedin Market 2023-2030 ($M) - Regional Industry Research
6.3 Twitter Market 2023-2030 ($M) - Regional Industry Research
7.South America Applicant Tracking System Market, By Deployment Market 2023-2030 ($M)
7.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
7.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
8.South America Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 ($M)
8.1 Facebook Market 2023-2030 ($M) - Regional Industry Research
8.2 Linkedin Market 2023-2030 ($M) - Regional Industry Research
8.3 Twitter Market 2023-2030 ($M) - Regional Industry Research
9.Europe Applicant Tracking System Market, By Deployment Market 2023-2030 ($M)
9.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
9.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
10.Europe Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 ($M)
10.1 Facebook Market 2023-2030 ($M) - Regional Industry Research
10.2 Linkedin Market 2023-2030 ($M) - Regional Industry Research
10.3 Twitter Market 2023-2030 ($M) - Regional Industry Research
11.APAC Applicant Tracking System Market, By Deployment Market 2023-2030 ($M)
11.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
11.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
12.APAC Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 ($M)
12.1 Facebook Market 2023-2030 ($M) - Regional Industry Research
12.2 Linkedin Market 2023-2030 ($M) - Regional Industry Research
12.3 Twitter Market 2023-2030 ($M) - Regional Industry Research
13.MENA Applicant Tracking System Market, By Deployment Market 2023-2030 ($M)
13.1 Cloud Market 2023-2030 ($M) - Regional Industry Research
13.2 On-Premises Market 2023-2030 ($M) - Regional Industry Research
14.MENA Applicant Tracking System Market, By Social Medium Integration Market 2023-2030 ($M)
14.1 Facebook Market 2023-2030 ($M) - Regional Industry Research
14.2 Linkedin Market 2023-2030 ($M) - Regional Industry Research
14.3 Twitter Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Applicant Tracking Systems Market Revenue, 2023-2030 ($M)2.Canada Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
3.Mexico Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
4.Brazil Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
5.Argentina Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
6.Peru Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
7.Colombia Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
8.Chile Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
9.Rest of South America Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
10.UK Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
11.Germany Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
12.France Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
13.Italy Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
14.Spain Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
15.Rest of Europe Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
16.China Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
17.India Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
18.Japan Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
19.South Korea Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
20.South Africa Applicant Tracking Systems Market Revenue, 2023-2030 ($M)
21.North America Applicant Tracking Systems By Application
22.South America Applicant Tracking Systems By Application
23.Europe Applicant Tracking Systems By Application
24.APAC Applicant Tracking Systems By Application
25.MENA Applicant Tracking Systems By Application
26.Applicantstack, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Greenhouse, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Hyrell, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Icims, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Workable, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Bullhorn, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Clearcompany, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Findly Talent Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Jobdiva, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Oracle, Sales /Revenue, 2015-2018 ($Mn/$Bn)