Applicant Tracking Systems Market Research Report Information by Service (Managed services and Professional services), By Deployment (On-Cloud and On-Premises), By Organization Size (SMEs and Large and big enterprises), and By Region (North America, Europ

The Global Applicant Tracking Systems Market has been expanding in recent years, according to MRFR. At a compound annual growth rate (CAGR) of 8.0% from 2024 to 2032, it is anticipated to reach USD 4,873.9 million.

Nonetheless, automating the hiring process improves efficiency and elevates the caliber of a business's hiring practices. It makes it possible for recruiters to choose applicants based on qualities that are a reliable predictor of success at work. Employers predict that 17% of all work will be automated by 2020. Over the next three years, around 94% of USS organizations that already employ automation and robotics intend to use automation more. Business leaders understand the advantages of automating HR and recruiting processes. AI and automation have been adopted by HR and talent acquisition. According to a Linkedin poll on talent trends, 35% of recruitment managers and talent professionals believe that Al is the trend that has the biggest impact on the hiring process. As a result, this feature is expected to boost market revenue for applicant tracking systems.

Perspectives on Market Segments
The market segmentation of applicant tracking systems is separated into two categories based on services: professional services and managed services.
The market for applicant tracking systems has been divided into two segments based on deployment: on-premises and on-cloud.
SMEs and large and huge enterprises are the two categories into which the applicant tracking systems market data has been divided.

Regional Perspectives
Due to the large number of corporate headquarters, the North American applicant tracking systems market, which was valued at USD 1.01 billion in 2021, is anticipated to grow at a 43.90% CAGR during the course of the research. Simply defined, this is the most digitally savvy workforce. To obtain a competitive advantage and grow, the majority of businesses focus on creating new technology. The manufacturing sector's market is anticipated to be driven by automation and the cost reductions that come with localized production.

The applicant tracking systems market in Europe is expanding at the quickest rate because of technological advancements that improve recruiter productivity and staffing operations. Artificial intelligence is being used more and more in the field because it is efficient and fast.

The market for applicant tracking systems in Asia Pacific is anticipated to expand at a significant compound annual growth rate in the future. In the Asia-Pacific area, employing highly qualified and talented workers requires the use of applicant tracking software. More work opportunities are also being created by Asia-Pacific's fast industrialization, urbanization, agricultural transformation, and economic diversification. As more workers relocate from rural to urban areas, applicant tracking systems have become more and more popular.

Key Players
International Business Machines Corporation of the United States, Jobvite of the United States, Oracle Corporation of the United States, FindlyTalrnt LLC of the United States, BambooHR of the United States, Clear Company of the United States, CornerStone OnDemand of the United States, Bullhorn Inc. of the United States, Exacthire of the United States, Hyrell of the United States, and IBM Corporation of the United States are important players in the applicant tracking systems market.