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Applicant Tracking System Global Market 2025: Promising Growth with Rising CAGR of 7.2% and Key Market Trends
Applicant Tracking System Global Market
• The applicant tracking system market size has grown strongly in recent years. It was valued at $2.79 billion in 2024 and is expected to reach $2.99 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.2%.
• A surge in the market can be attributed to the automation of recruitment processes, compliance requirements, and centralized candidate database.
• Further growth is expected in the next few years, with the market projected to reach $4.04 billion in 2029 at a CAGR of 7.8%.
• This boost in growth can be attributed to the integration with HR software, development of mobile recruiting solutions, emphasis on diversity and inclusion, improved candidate experience, and more stringent data security and compliance requirements.
What Is Driving The Growth In The Applicant Tracking System Global Market 2025?
The growth of the applicant tracking system market is being driven by the rising number of job applicants. The number of individuals submitting job applications has seen a marked increase recently, leading to the necessity for more streamlined application processes. Applicant tracking systems offer a solution by making the application process both easier and faster, improving communication between job applicants and recruiters. Data from a United States Job Openings report published in August 2024, shows the number of job openings rising to 8.040 million, an increase from the 7.711 million jobs in July. This rise in job openings, particularly in the construction sector and state and local government sectors, is fuelling the growth of the applicant tracking system market.
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Who Are the Key Players Driving Applicant Tracking System Global Market Report 2025 Growth?
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Automatic Data Processing Inc.
• Workday Inc.
• Ultimate Kronos Group
• Paycor HCM Inc.
• Bullhorn Inc.
• Cornerstone OnDemand Inc.
• iCIMS Inc.
What Are The Key Trends In The Applicant Tracking System Global Market Report 2025?
Key trends in the market include:
• The application of AI and machine learning technologies in recruiting
• Efforts to enhance candidate experience
• Inclusion of diversity and inclusion features
• Use of predictive analytics for recruitment
• Integration with the HR software ecosystem
What Are The Segments Of The Global Applicant Tracking System Global Market Report 2025?
The market is segmented by:
• Component: Software, Services
• Deployment Mode: On-Premises, Cloud
• Organization Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
• Vertical: Banking, Financial Services and Insurance (BFSI), Government, Manufacturing, Telecom and IT, Consumer Goods and Retail, Health care and Lifesciences, Energy and Utilities, Transportation and Logistics, Other Verticals
Which Region Leads The Applicant Tracking System Global Market Report 2025?
North America was the largest region in the applicant tracking system market in 2024. The report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa regions.
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What Is Covered In The Applicant Tracking System Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Applicant Tracking System Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Applicant Tracking System Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Applicant Tracking System Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Applicant Tracking System Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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