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Global Applicant Tracking System Market to reach USD 3.46 billion by the end of 2030

Global Applicant Tracking System Market Size study & Forecast, by Component (Software, Services) by Deployment (On-premises, Cloud), by Organization Size (Small & Medium Enterprises, Large Enterprises), by End-use (IT & Telecommunication, BFSI, Healthcare & Life Sciences, Consumer Goods & Retail, Manufacturing, Others) and Regional Analysis, 2023-2030

Product Code: ICTEITS-42424095
Publish Date: 10-03-2024
Page: 200

Global Applicant Tracking System Market is valued approximately at USD 2.41 billion in 2022 and is anticipated to grow with a growth rate of more than 6.20% over the forecast period 2023-2030. An Applicant Tracking System (ATS) is a software application that streamlines and automates the recruitment process for organizations by managing the entire lifecycle of job applicants. From posting job openings to sourcing candidates, screening resumes, scheduling interviews, and ultimately hiring, an ATS centralizes all recruitment-related activities into a single platform. This system allows recruiters and hiring managers to efficiently track and manage candidate data, including resumes, applications, communication logs, and interview feedback. The Applicant Tracking System market is expanding because of factors such as high volume of job applications, rising demand for streamlined recruitment processes and globalization and remote work trends.

The growth of online job platforms and the ease of submitting applications, companies often receive a high volume of resumes for open positions. The Applicant Tracking System helps manage and organize these large volumes of applications, making the hiring process more manageable. According to Statista, in 2023, the rate of hiring intent across India by various organizations and corporates was estimated to be at 36 percent. This was an increase compared to the previous year when the hiring intent was at 35.9 percent. Moreover, according to Statista, there were 8.79 million job openings in the United States by the end of November 2023. This is an increase from the previous month’s 8.85 million job openings, thus rising volume of job applications is driving the market growth. In addition, rising technological advancement and integration with HR and talent management systems are creating new opportunities to the market growth. However, limited technical expertise and complexity involved with the integration of ATS software with other systems stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Applicant Tracking System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share. The expansion in the region is driven by the increasing embrace of digital strategies centered around novel and advanced technologies. This region stands out as the primary revenue contributor to the ATS market, given that numerous major global companies have their headquarters situated here. Moreover, companies within the region prioritize the optimization of recruitment processes and the reduction of manual tasks, rendering ATS an appealing solution. Consequently, the escalating digitization within the region plays a pivotal role in driving the growth of the market. Asia Pacific is expected to grow at a fastest rate during the forecast period, owing to factors such as rising collaborations and the widespread digitalization of businesses. A substantial increase in business interactions with the U.S. in the last decade has resulted in the widespread adoption of applicant tracking system software in the region. Consequently, the growing economic significance of this software has directly influenced the upward trajectory of the regional market.

Major market player included in this report are:
IBM Corporation
Oracle Corporation
Jobvite Inc.
Bullhorn, Inc. (Vista Equity Partners)
iCIMS, Inc.
SmartRecruiters, Inc.
Workday, Inc.
Workable Technology Limited
Greenhouse Software, Inc.

Recent Developments in the Market:
Ø In June 2023, IBM Corporation disclosed its acquisition of Apptio Inc., a company specializing in delivering actionable economic and operational insights for enterprise IT. This strategic move is expected to expedite the advancement of IBM’s IT automation capabilities, empowering business leaders to derive heightened business value from their technology investments.
Ø In August 2023, RChilli introduced a new feature called RCR (RChilli Candidate Recharge). With RCR, the company is revolutionizing the way applicant data is reprocessed within the Applicant Tracking System, ensuring an efficient and seamless experience for both end users and providers of ATS.
Global Applicant Tracking System Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Deployment, Component, Organization Size, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
By Deployment:

By Organization Size:
Large Enterprises
Small & Medium Enterprises
By End-use:
IT & Telecom
Retail & Consumer Goods

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Applicant Tracking System Market, by region, 2020-2030 (USD Billion)
1.2.2. Applicant Tracking System Market, by Component, 2020-2030 (USD Billion)
1.2.3. Applicant Tracking System Market, by Deployment, 2020-2030 (USD Billion)
1.2.4. Applicant Tracking System Market, by Organization Size, 2020-2030 (USD Billion)
1.2.5. Applicant Tracking System Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Applicant Tracking System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Applicant Tracking System Market Dynamics
3.1. Applicant Tracking System Market Impact Analysis (2020-2030)
3.1.1. Market Drivers High volume of job applications Rising demand for streamlined recruitment processes Globalization and remote work trends
3.1.2. Market Challenges Limited technical expertise Complexity involved with the integration of ATS software
3.1.3. Market Opportunities Rising technological advancement Integration with HR and talent management systems
Chapter 4. Global Applicant Tracking System Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Applicant Tracking System Market, by Component
5.1. Market Snapshot
5.2. Global Applicant Tracking System Market by Component, Performance – Potential Analysis
5.3. Global Applicant Tracking System Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Applicant Tracking System Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Services
Chapter 6. Global Applicant Tracking System Market, by Deployment
6.1. Market Snapshot
6.2. Global Applicant Tracking System Market by Deployment, Performance – Potential Analysis
6.3. Global Applicant Tracking System Market Estimates & Forecasts by Deployment 2020-2030 (USD Billion)
6.4. Applicant Tracking System Market, Sub Segment Analysis
6.4.1. Cloud-based
6.4.2. On-premise
Chapter 7. Global Applicant Tracking System Market, by Organization Size
7.1. Market Snapshot
7.2. Global Applicant Tracking System Market by Organization Size, Performance – Potential Analysis
7.3. Global Applicant Tracking System Market Estimates & Forecasts by Organization Size 2020-2030 (USD Billion)
7.4. Applicant Tracking System Market, Sub Segment Analysis
7.4.1. Large Enterprises
7.4.2. Small & Medium Enterprises
Chapter 8. Global Applicant Tracking System Market, by End-use
8.1. Market Snapshot
8.2. Global Applicant Tracking System Market by End-use, Performance – Potential Analysis
8.3. Global Applicant Tracking System Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
8.4. Applicant Tracking System Market, Sub Segment Analysis
8.4.1. BFSI
8.4.2. IT & Telecom
8.4.3. Manufacturing
8.4.4. Retail & Consumer Goods
8.4.5. Healthcare
8.4.6. Others
Chapter 9. Global Applicant Tracking System Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Applicant Tracking System Market, Regional Market Snapshot
9.4. North America Applicant Tracking System Market
9.4.1. U.S. Applicant Tracking System Market Component breakdown estimates & forecasts, 2020-2030 Deployment breakdown estimates & forecasts, 2020-2030 Organization Size breakdown estimates & forecasts, 2020-2030 End-use breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Applicant Tracking System Market
9.5. Europe Applicant Tracking System Market Snapshot
9.5.1. U.K. Applicant Tracking System Market
9.5.2. Germany Applicant Tracking System Market
9.5.3. France Applicant Tracking System Market
9.5.4. Spain Applicant Tracking System Market
9.5.5. Italy Applicant Tracking System Market
9.5.6. Rest of Europe Applicant Tracking System Market
9.6. Asia-Pacific Applicant Tracking System Market Snapshot
9.6.1. China Applicant Tracking System Market
9.6.2. India Applicant Tracking System Market
9.6.3. Japan Applicant Tracking System Market
9.6.4. Australia Applicant Tracking System Market
9.6.5. South Korea Applicant Tracking System Market
9.6.6. Rest of Asia Pacific Applicant Tracking System Market
9.7. Latin America Applicant Tracking System Market Snapshot
9.7.1. Brazil Applicant Tracking System Market
9.7.2. Mexico Applicant Tracking System Market
9.8. Middle East & Africa Applicant Tracking System Market
9.8.1. Saudi Arabia Applicant Tracking System Market
9.8.2. South Africa Applicant Tracking System Market
9.8.3. Rest of Middle East & Africa Applicant Tracking System Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. IBM Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Oracle Corporation
10.3.3. Jobvite Inc.
10.3.4. Bullhorn, Inc. (Vista Equity Partners)
10.3.5. iCIMS, Inc.
10.3.6. SmartRecruiters, Inc.
10.3.7. Workday, Inc.
10.3.8. SAP SE
10.3.9. Workable Technology Limited
10.3.10. Greenhouse Software, Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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