Applicant Tracking System Market by Deployment (Cloud-based and On-premise), by Enterprise Type (Large Enterprises and Small & Medium Enterprises), by End-user (BFSI, IT & Telecom, Manufacturing, Retail & Consumer Goods, Healthcare, and Others), by BFSI IT & Telecom Manufacturing Retail & Consumer Goods Healthcare Others (North America), by North America (U.S., Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, South Africa, North Africa, Rest of the Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2024-2032
The Applicant Tracking System Market size was valued at USD 14.14 USD Billion in 2023 and is projected to reach USD 24.71 USD Billion by 2032, exhibiting a CAGR of 8.3 % during the forecast period. An Applicant Tracking System (ATS), currently available on the market, significantly simplifies routine tasks of HR departments as they help to automate recruitment. It serves as a centralized coordinate for applications, jobs, candidate data, and working tasks. The ATS technology has a cross-functional application in most sectors through recruitment when it is involved in sourcing, parsing, scheduling interviews, and communication with applicants. There are different types of ATS systems, cloud- and on-premises solutions. The core of the system will be comprised of a resume database, job posting integrations, a candidate tracker, and analytics dashboards. The selector trend of ATS at present accompanies AI-driven candidate matching and user-friendly interfaces for mobile and software integration with other skills. through the implementation of advanced ATS solutions, the applications of such solutions are not limited to situations where distinguishing the best candidates for organizations is of utmost importance, the impact of which can be seen as it enhances the experiences of candidates being recruited and the quality of the final hiring outcomes.
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The Applicant Tracking System market is expected to witness significant growth in the coming years. Technological advancements, increasing talent scarcity, and the need for efficient hiring processes drive market expansion. Cloud-based ATS solutions and AI-powered automation will continue to shape the market landscape, enabling companies to streamline their recruiting efforts and attract top talent.
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 8.3% from 2018-2032 |
Segmentation |
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