Global Applicant Tracking System Market

Applicant Tracking System Market Size, Share, Growth Analysis, By Component (Software, Services), By Deployment, By Size, By End Use, By Region - Industry Forecast 2025-2032

Report ID: SQMIG45E2276 | Region: Global | Published Date: December, 2024
Pages: 163 | Tables: 117 | Figures: 70

Applicant Tracking System Market Competitive Landscape

The top market players have primarily centered their efforts on increasing their global reach by bringing localized, industry-focused solutions to more areas. Some of these major companies have strategically joined forces with or purchased smaller, regional providers to solidify their positions across various locales. Furthermore, they regularly unveil novel offerings in attempts to both attract and retain clients. Simultaneously, sustained investments in innovating current products through research and development have additionally sped the market's progression. Therefore, with such corporate tactics, these players aim to preserve their competitiveness going forward in a competitive space.

Top Player’s Company Profile 

  • International Business Machines Corporation (IBM): United States 
  • iCIMS: United States 
  • Oracle: United States 
  • PeopleFluent: United States 
  • Cornerstone: United States 
  • Workday: United States 
  • Bullhorn, Inc.: United States 
  • UKG Inc.: United States 
  • ADP, Inc: United States 
  • SAP: Germany 
  • BambooHR LLC: United States 
  • Paycor, Inc.: United States 
  • Zoho Corporation Pvt. Ltd: India

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FAQs

Global Applicant Tracking System Market size was valued at USD 2.4 billion in 2022 and is poised to grow from USD 2.5 billion in 2023 to USD 4.2 billion by 2031, growing at a CAGR of 6.7% during the forecast period (2024-2031). 

The top market players have primarily centered their efforts on increasing their global reach by bringing localized, industry-focused solutions to more areas. Some of these major companies have strategically joined forces with or purchased smaller, regional providers to solidify their positions across various locales. Furthermore, they regularly unveil novel offerings in attempts to both attract and retain clients. Simultaneously, sustained investments in innovating current products through research and development have additionally sped the market's progression. Therefore, with such corporate tactics, these players aim to preserve their competitiveness going forward in a competitive space. 'International Business Machines Corporation (IBM): United States ', 'iCIMS: United States ', 'Oracle: United States ', 'PeopleFluent: United States ', 'Cornerstone: United States ', 'Workday: United States ', 'Bullhorn, Inc.: United States ', 'UKG Inc.: United States ', 'ADP, Inc: United States ', 'SAP: Germany ', 'BambooHR LLC: United States ', 'Paycor, Inc.: United States ', 'Zoho Corporation Pvt. Ltd: India'

Growing Implementation of Automation

Increasing Acceptance for Cloud Based Recruitment Solutions: Numerous enterprises are transforming to cloud solutions for more accessible data storage as they furnish access to distant servers through the Internet and in essence limitless processing power. Cloud-based security solutions reduce the necessity for on-premises safety applications and depend on cloud services to defend information, applications, users, and devices. Thus, the adoption of applicant tracking systems will be encouraged.

North America dominates the worldwide market predominantly due to the pervasive digitization embraced by organizations based here. Longstanding tech giants and rising startups alike have pioneered innovative solutions in North America, especially in the US, streamlining formerly laborious hiring practices. Their constant progression incorporates predictive algorithms and intelligent chatbots to assist recruiters, selection increasingly automated whilst retaining a human touch. Additionally, digitization within the area addresses recruiting tasks formerly conducted manually. Therefore, the growing digital transformations sweeping the realm propel market growth's momentum. Complex sentences mingle with simpler ones as varied phrasing casts this regional perspective upon global hiring's evolving landscape. 

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Global Applicant Tracking System Market

Report ID: SQMIG45E2276

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