How the Applicant Tracking System Market is Positioned for Growth: Trends, Market Size, and Future Opportunities (2025-2034)
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theApplicant Tracking System Market?
The applicant tracking system market’s growth is anticipated to be fueled by an increasing number of job applicants. Job applicants are those who submit their resumes to be considered for jobs within an organization. By speeding up the application procedure, enhancing communication with recruiters, and simplifying the job application process, applicant tracking systems can assist them. For instance, in August 2024, Trading economics, a US-based provider of historical data and forecasts, published a report on United States Job Openings which showed a rise of 329,000 to 8.040 million in job openings in August 2024 from an adjusted 7.711 million in July, surpassing the anticipated market expectation of 7.655 million. There was a rise in job openings in sectors like the construction industry (+138,000) and state and local governments, excluding education (+78,000). Hence, the ballooning number of job applicants is propelling the growth of the applicant tracking system market.
Applicant Tracking System Market Driver: Social Media’s Influence On The Growth Of The Applicant Tracking System Market
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How Has the Applicant Tracking System Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
The market size for the applicant tracking system has shown robust growth in the past few years. Projected growth indicates an increase from $2.79 billion in 2024 to $2.99 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. The previously observed growth can be linked to the automation of hiring procedures, requirements for compliance, a consolidated database of job seekers, and scalability.
The market size for applicant tracking systems is predicted to expand significantly in the upcoming years. By 2029, it is expected to reach a value of $4.04 billion, with a Compound Annual Growth Rate (CAGR) of 7.8%. Factors contributing to this expected growth during the forecast period include integration with HR software, mobile recruitment solutions, focus on diversity and inclusion, improved candidate experiences, and data security and compliance. Key trends that can be observed during this forecast period include the use of AI and machine learning, improving candidate experiences, features that promote diversity and inclusion, predictive analytics for recruitment processes, and integration with the overall HR software ecosystem.
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Which Cutting-Edge Market Trends Are Expected to Drive theApplicant Tracking System Market’s Growth?
Key players in the applicant tracking system market are embracing advancements, such as AI-based application systems, with a vision to offer an enhanced experience by making the application process more streamlined and user-friendly. The AI-enabled applicant tracking system is shaped to enhance recruitment and redefine talent sourcing by utilizing AI technology. For instance, in August 2023, the America-based software development firm, Centric Group Inc., unveiled Safaa ATS, an AI-endorsed applicant tracking system. This system boasts unique features, including AI-guided shortlisting, a customizable job portal supplemented with a distinct brand, accessibility on a cloud-based platform, an included intranet, customizable workflows, and state-of-the-art features to improve recruitment and redefine talent sourcing. These capabilities are geared towards simplifying the recruitment process, ramping up efficiency, and enriching the candidate’s experience.
What Are the Leading Market Players Impacting theApplicant Tracking System Market’s Growth Trend?
Major companies operating in the applicant tracking system market report are 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., PeopleFluent Inc., Ceipal Corporation, Workable Technology Limited, BambooHR, SmartRecruiters Inc., Jobvite Inc., Lever, Trakstar Hire, Bullhorn Inc., ADR Inc., Silkroad Technology Inc., Greenhouse Software Inc., ClearCompany Inc., Hireku Inc., Symphony Talent LLC, TalentNest, ATS OnDemand
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How Are the Key Segments of the Applicant Tracking System Market Driving Opportunities and Innovations?
The applicant tracking system market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Vertical: Banking Financial Services And Insurance (BFSI), Government, Manufacturing, Telecom And Information Technology (IT), Consumer Goods And Retail, Healthcare And Lifesciences, Energy And Utilities, Transportation And Logistics, Other Verticals
Subsegments:
1) By Software: Cloud-Based ATS, On-Premises ATS, Mobile ATS Solutions
2) By Services: Implementation Services, Consulting Services, Training And Support Services
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theApplicant Tracking System Market?# Market Expansion?
North America was the largest region in the applicant tracking system market in 2024. The regions covered in the applicant tracking system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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