Applicant Tracking System (ATS) Market to reach USD 3.91 Bn at a CAGR of 6.10 percent by 2030 – Says Maximize Market Research

Applicant Tracking System (ATS) Market to reach USD 3.91 Bn at a CAGR of 6.10 percent by 2030 - Says Maximize Market Research

“Applicant Tracking System (ATS) Market”
Applicant Tracking System (ATS) Market is expected to grow at a CAGR of 6.10% during the forecast period and it is expected to reach USD 3.91 Bn by 2030.

The Applicant Tracking System (ATS) Market is witnessing substantial growth driven by the changes in consumer preferences that have a significant impact on the demand for the  records. The Applicant Tracking System (ATS) Market is segmented into Components (Solution, Services), Deployment Mode (Cloud, On-premises), Organization Size (Large Enterprise, SMEs), and Industry (Manufacturing, Information Technology, and Telecommunication, Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Retail and Consumer Goods, IT and Telecommunication, Others) for a better understanding of the market structure.

Maximize Market Research, a leading Information Technology and Telecommunication business consultancy and research firm has published a report on the “Applicant Tracking System (ATS) Market”. The total market opportunity for Applicant Tracking System (ATS) Market was USD 2.58 Bn in 2023 and is expected to grow at a CAGR of 6.10 percent through the forecast period, reaching USD 3.91 Bn by 2030. As per the report, the global Applicant Tracking System (ATS) Market is expected to be dominated by the North American and European regions to grow at a significant growth rate through the forecast period.

Applicant Tracking System (ATS) Market Report Scope and Research Methodology

Market Size in 2023: USD 2.58 Bn

Market Size in 2030: USD 3.91 Bn

CAGR: 6.10 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 225

No. of Tables: 138

No. of Charts and Figures: 191

Segment Covered: By Component, Deployment Mode, Organization Size, and Industry

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get a Free Sample PDF of this Research Report for more Insights with a Table of Content, Research Methodology, and Graphs

Applicant Tracking System (ATS) Market Scope and Research Methodology

The report has covered several aspects that include the Applicant Tracking System (ATS) Market analysis which thoroughly analyses the market structure and competitive landscape using a bottom-up approach to calculate the industry’s size and growth. Key findings include drivers of market growth at regional and global levels, barriers to future growth, and potential opportunities arising from technological advancements. Regional analysis is conducted to provide insights into market leaders, penetration, and demographic influences on the industry. The market is segmented into components and industries, allowing for a deeper understanding of target markets, producers, and the development of tailored advertising campaigns. A competitive matrix is created to analyze the competition in the Applicant Tracking System (ATS) Market, including both market leaders and new entrants. The report provides a summary of each company with key points on revenue, financial status, technology progress, recent changes, mergers, partnerships, collaborations, and marketing strategies.

Applicant Tracking System (ATS) Market Overview

An ATS is specially designed for organizing and speeding the hiring process. It posts and manages different job ads across multiple job sites. These ATS systems work by maintaining a database of new candidates and individuals who are good prospects for future openings. These systems work by aggregating information about candidates, including their communication skills, along with creating a defined profile of the candidate, in turn helping to sort and rank candidates. An ATS has been established for giving automated responses, sending out relevant interview reminders, and alerting people in the database for new job openings. The major factor that has driven the market is the increasing demand for AI, ML, NLP, and data analytics which has influenced the market growth.

Applicant Tracking System (ATS) Market Dynamics

The ongoing progress in artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and data analytics is revolutionizing ATS platforms. These advancements empower improved candidate sourcing, screening, matching, and engagement, resulting in heightened recruitment efficiency and efficacy. Changes in recruitment trends, like the increasing prevalence of remote work, the gig economy, and freelance culture, are shaping the requirements for ATS solutions. Modern ATS platforms need to adjust to support adaptable hiring approaches, remote collaboration tools, and virtual interview capabilities to meet market demands effectively.

Applicant Tracking System (ATS) Market Regional Insights

North America dominated the Applicant Tracking System (ATS) Market and is expected to grow with an increasing CAGR through the forecast period. The rising globalization of talent and workforce diversity necessitates ATS solutions that support multilingual capabilities, international recruitment practices, and compliance with diverse labor laws and cultural norms across different regions has propelled the market growth.

Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/11581 

Applicant Tracking System (ATS) Market Segmentation

By Component:

  • Solution
  • Services

By Component, the Service segment led the Applicant Tracking System market with the highest market share in 2023. The prominence is driven by a prevailing trend among organizations to delegate oversight of their ATS platforms to specialized service providers. These managed services provide advantages such as professional support, consistent upkeep, updates, and tailored adjustments in the ATS market.

By Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • Large Enterprise
  • SMEs

By Industry:

  • Manufacturing
  • Information Technology and Telecommunication
  • Banking, Financial Services, and Insurance (BFSI)
  • Government and Public Sector
  • Retail and Consumer Goods
  • IT and Telecommunication
  • Others

Applicant Tracking System (ATS) Market Key Competitors include:

  • Sound Performance USA
  • Deeprooves Pressing Plant
  • Yong Tong A
  • MELT Middle East
  • Microforum Vinyl US
  • Pirates Press
  • Linmon
  • Mavin Records
  • Burlington Record Plant
  • MPO Group
  • China Music
  • Egyptian Media Componention City
  • Rainbo Records
  • A.N.D MUZIK
  • Jaxsta Enterprise
  • Sony Music Entertainment
  • Dublin Vinyl
  • SunPress Vinyl
  • Fly Vintage & Vinyl
  • Fidelity Record Pressing
  • VNYL
  • XXX

Key questions answered in the Applicant Tracking System (ATS) Market are:

  • What are Vinyl Records Devices?
  • What is the current growth rate of the Applicant Tracking System (ATS) Market?
  • Who are the key players in the Applicant Tracking System (ATS) Market?
  • What are the growth prospects in developing countries for the Applicant Tracking System (ATS) Market?
  • Which segment is expected to witness the fastest growth and why in the Applicant Tracking System (ATS) Market?
  • What are the factors affecting growth in the Applicant Tracking System (ATS) Market?
  • Who held the largest market share in the Applicant Tracking System (ATS) Market?
  • What are the opportunities for the Applicant Tracking System (ATS) Market?
  • What are the strategies used by competitors in the Applicant Tracking System (ATS) Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Component, Deployment Mode, Organization Size and Industry and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Information Technology and Telecommunication research firm, has also published the following reports:

B2B Payments MarketThe market size is expected to reach USD 3010.91 Bn by 2030 at a CAGR of 9.42 percent during the forecast period. It is expected to be driven by increasing digitalization, automation, and the increasing volume of global trade.

Digital Business Card MarketThe market size is expected to reach USD 367.96 Bn by 2030 at a CAGR of 11.9 percent during the forecast period. It is expected to be driven by rising smartphone usage and increasing digitization. Digital business cards are easily shareable via email, messaging apps, and social media as they eliminate the need for physical exchange and manual data entry, simplifying the process of sharing and saving contact information.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Components and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Production and demand analysis, and client impact studies.

Media Contact
Company Name: MAXIMIZE MARKET RESEARCH PVT. LTD.
Contact Person: L Godage
Email: Send Email
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India
Website: https://www.maximizemarketresearch.com/market-report/applicant-tracking-system-ats-market/11581/