+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
In 2021, the global market size for applicant tracking systems reached USD 2.15 billion, with an expected compound annual growth rate (CAGR) of 6.20% from 2022 to 2030. These systems streamline the recruitment process by collecting and storing resumes, allowing companies to manage hiring efficiently. The Asia Pacific market, from 2020 to 2030, is projected to be valued in the range of USD Million. The adoption of artificial intelligence and cloud-based computing has become a prominent trend in the applicant tracking system market, exemplified by innovations like Modern Hire's AI-driven Automated Interview Creator.
Automation in recruiting has gained popularity among governments and corporations, reducing manual errors and biases through natural language processing and data mining. Large enterprises are increasingly partnering with ATS providers to secure data and facilitate smoother transitions between systems. For example, Infinite Computer Solutions acquired the International Business Machines Corporation talent acquisition suite in 2021.
ATS adoption has grown significantly, with 75.1% of recruiters and 99.1% of large enterprises utilizing these systems for efficient hiring. Companies like Talroo and JobSync have partnered to enhance the application process, benefiting both candidates and recruiters. Furthermore, the market's growth is fueled by automation demand across various industries, such as BFSI, manufacturing, healthcare, and retail.
The on-premises segment dominated the ATS market in 2021, accounting for over 60.1% of revenue. The need for low-cost on-premises ATS solutions, including software infrastructure and maintenance, has driven this dominance. However, the cloud segment is anticipated to experience significant growth in the coming years due to enhanced integration capabilities, allowing for modification and evolution of ATS with cloud assistance.
The use of cloud services enables users to access information anytime and anywhere, as demonstrated by Oracle's cloud HCM suite launched in April 2022. This platform allows recruiters to make quick changes and access candidate details without IT assistance.
Large enterprises held a market share of over 71.1% in 2021, driven by their extensive hiring needs. ATS solutions help streamline and simplify the hiring process, keeping hiring staff updated on relevant laws and ensuring compliance across multiple countries. On the other hand, small and medium enterprises (SMEs) also secured a significant market share in 2021, with 60.1% planning to invest in ATS software to save time and money.
The software segment dominated the market in 2021, contributing over 67.10% of revenue. ATS software's customization capabilities make it adaptable to various end-user needs, collecting and storing resumes for quick access by recruiters. In contrast, the service segment is expected to witness significant growth, offering training, support, maintenance, consulting, integration, and implementation services.
The IT and telecommunications segment led the market in 2021, accounting for over 24.1% of revenue. The demand for skilled candidates in these industries drives the adoption of ATS software to fill skill gaps. The BFSI segment is expected to account for over 20.20% of revenue in 2021, driven by increased competition and cost-cutting efforts. The consumer goods and retail segment is projected to grow at the fastest CAGR of 8.50% from 2022 to 2030, responding to employment opportunities, technological changes, and customer needs.
North America dominated the market in 2021, with over 40.1% of revenue, driven by developed countries like the U.S. and Canada investing in advanced technologies. Asia Pacific is anticipated to grow at the fastest CAGR of 9.10% over the forecast period, with increased digitalization and partnerships driving market growth. For example, Viventis and LiveHire Limited partnered to enhance acquisition strategies and reinforce business in the region.
Key players, including International Business Machines Corporation (IBM), iCIMS, Oracle, PeopleFluent, Cornerstone, Workday, Bullhorn, Inc., UKG Inc., ADP, Inc., and SAP, are actively pursuing product development and strategic alliances to expand their market presence. Collaborations and mergers, such as Cornerstone's acquisition of EdCast, are expected to maximize environmental and economic benefits for market players.
The global ATS market is projected to reach USD 3.72 billion by 2030, with a CAGR of 6.20% from 2022 to 2030. The report provides insights into competitive benchmarking, historical data, forecasts, company revenue shares, regional opportunities, latest trends, and dynamics. It covers various segments, including component, deployment, organization size, end-use, and region, offering detailed market segmentation and growth forecasts.
Note: The market size was valued at USD 2.29 billion in 2022, with a revenue forecast of USD 3.71 billion in 2030. The growth rate is projected at a CAGR of 6.2% from 2022 to 2030. The report includes revenue forecasts, company rankings, competitive landscape, growth factors, and trends, with quantitative units presented in USD million. The report offers free customization, allowing users to tailor the purchase to their specific research needs.
In 2021, the global market size for applicant tracking systems reached USD 2.15 billion.
The global market is projected to grow at a CAGR of 6.20% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65446
Published on :
Upcoming
Request a Free Sample Report
Speak to Analyst