Applicant Tracking System Market worth $5.48 billion by 2030, growing at a CAGR of 9.41% - Exclusive Report by 360iResearch

The "Applicant Tracking System Market by Component (Service, Software), Organization Size (Large Scale Enterprises, Small & Medium Enterprises), Deployment Mode, End-User Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Applicant Tracking System Market to grow from USD 2.91 billion in 2023 to USD 5.48 billion by 2030, at a CAGR of 9.41%.

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The Applicant tracking system (ATS) is a software application that aids organizations, businesses, and recruitment agencies organize, automate, and manage their recruitment processes. The increasing number of job applicants and need for automation of resume screening is driving the demand for applicant tracking systems. The growing adoption of SaaS tools by the companies has also improved the necessity of applicant tracking systems. The surging focus on enhancing candidates' experience cost-effectively has improved the adoption of applicant tracking systems. However, a lack of technologically updated staff and high software cost may limit the adoption of applicant tracking systems. Data privacy concerns associated with ATS software is also a concerning factor for the market growth. The growing investments on digitalizing the operations by companies in all verticals is creating growth potential in the market. The increasing number of product innovations based on AI and CRM is expected to create attractive opportunities for the market growth.

The Americas region shows substantial growth in the global applicant tracking systems market attributed to the region's well-established corporate sector and numerous key market players. The robust growth of industries such as IT, manufacturing, retail, and healthcare, combined with the increasing demand for automation in the hiring process, is expected to drive the ATS market growth in the Americas region. Market in the EMEA region is significantly driven by the increasing trend of digitization and the widespread adoption of cloud-based systems. The United Kingdom, Germany, and France are some of the prominent countries contributing to the growth of the ATS market in the EMEA region. The Asia-Pacific region is poised to exhibit a high growth rate, characterized by the rapid digital transformation of businesses and the increasing emphasis on streamlining the recruitment process. Countries such as India, China, and Japan are actively promoting the digitization of HR processes, thus providing a favorable business environment for the growth of the ATS market.

Market Segmentation & Coverage:

This research report categorizes the Applicant Tracking System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Component, market is studied across Service and Software. The Service is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Scale Enterprises and Small & Medium Enterprises. The Small & Medium Enterprises is projected to witness significant market share during forecast period.

Based on Deployment Mode, market is studied across Cloud and On-Premises. The On-Premises is projected to witness significant market share during forecast period.

Based on End-User Industry, market is studied across Aerospace & Defense, Automobile, Education & Research, Electrical & Electronics, Energy & Mining, and IT & Telecommunication. The Automobile is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.73% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Applicant Tracking System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Applicant Tracking System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Applicant Tracking System Market, highlighting leading vendors and their innovative profiles. These include ADP, Inc., Arcoro, Avature Limited, Bamboo HR LLC, Breezy HR, Inc. by Learning Technologies Group, Bullhorn, Inc., Cegid Group, Ceipal Corp., ClearCompany, Inc., Cyclr Systems Ltd., Eddy HR, LLC., Employ, Inc., Freshworks Inc., GoHire Technologies LTD., Greenhouse Software, Inc., iCIMS, Inc., International Business Machines Corporation, Occupop Ltd., Oracle Corporation, Paycor, Inc., Pinpoint, Recruitee B.V. by Tellent, SAP SE, SilkRoad Technology, Inc. (Rival), Skillate by Sense Talent Labs, Inc., SmartRecruiters, Inc., TalentNest, Upteamizer by HRinFlow gcv, Workable Technology Limited, and Zoho Corporation Pvt. Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Applicant Tracking System Market, by Component
7. Applicant Tracking System Market, by Organization Size
8. Applicant Tracking System Market, by Deployment Mode
9. Applicant Tracking System Market, by End-User Industry
10. Americas Applicant Tracking System Market
11. Asia-Pacific Applicant Tracking System Market
12. Europe, Middle East & Africa Applicant Tracking System Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Applicant Tracking System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Applicant Tracking System Market?
3. What is the competitive strategic window for opportunities in the Applicant Tracking System Market?
4. What are the technology trends and regulatory frameworks in the Applicant Tracking System Market?
5. What is the market share of the leading vendors in the Applicant Tracking System Market?
6. What modes and strategic moves are considered suitable for entering the Applicant Tracking System Market?

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