What is Global Applicant Tracking (ATS) Software Market?
The Global Applicant Tracking (ATS) Software Market is a vast and dynamic sector that plays a crucial role in the modern business landscape. This market revolves around software applications designed to assist in recruitment and hiring processes. These applications are used by companies of all sizes to streamline their hiring process, from receiving applications to hiring the right candidate. The software allows companies to post job openings, screen resumes, conduct interviews, and send job offers, all in one place. It's a tool that has revolutionized the way companies hire, making the process more efficient and effective. The ATS software market is global, meaning it spans across all continents and countries, catering to the needs of businesses worldwide. It's a market that is constantly evolving, with new technologies and features being introduced regularly to meet the changing demands of businesses.
Cloud Based, On-Premise in the Global Applicant Tracking (ATS) Software Market:
The Global Applicant Tracking (ATS) Software Market is divided into two main segments: Cloud-Based and On-Premise. Cloud-Based ATS software is hosted on the provider's servers and accessed through the internet. This type of software is popular due to its accessibility, scalability, and cost-effectiveness. On the other hand, On-Premise ATS software is installed and run on the company's own servers. This type of software offers more control and security, but it requires a larger upfront investment and ongoing maintenance. Both types of software have their own advantages and are chosen based on the specific needs and resources of the company. The choice between Cloud-Based and On-Premise ATS software is a critical decision that can significantly impact a company's recruitment process and overall success.
Large Enterprises, SMEs in the Global Applicant Tracking (ATS) Software Market:
The Global Applicant Tracking (ATS) Software Market is widely used by both Large Enterprises and SMEs (Small and Medium-sized Enterprises). Large Enterprises often have complex and high-volume hiring needs, and ATS software helps them manage these needs efficiently. The software allows them to handle multiple job postings, screen a large number of resumes, and track applicants throughout the hiring process. On the other hand, SMEs may not have as many hiring needs, but they still benefit from the efficiency and organization that ATS software provides. Even for a small company, hiring can be a time-consuming process, and ATS software helps streamline this process, freeing up time for other important business tasks.
Global Applicant Tracking (ATS) Software Market Outlook:
Looking at the market outlook, the Global Applicant Tracking (ATS) Software Market has shown significant growth and potential. In 2023, the market was valued at a substantial US$ 2613 million. However, this figure is expected to almost double by 2030, reaching an impressive US$ 4762.7 million. This growth represents a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period from 2024 to 2030. This steady growth indicates the increasing demand for ATS software and its growing importance in the business world. The market's expansion can be attributed to the increasing recognition of the benefits of ATS software, such as improved efficiency, cost savings, and better hiring outcomes.
| Report Metric | Details |
| Report Name | Applicant Tracking (ATS) Software Market |
| Accounted market size in 2023 | US$ 2613 million |
| Forecasted market size in 2030 | US$ 4762.7 million |
| CAGR | 8.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Visume, Jobvite, Jobscan, JobAdder, ADP, Zoho, Lever, Paylocity, Ultimate Software, SmartRecruiters, BambooHR, ICIMS, ClearCompany, Kronos, Newton, Workday, SAP (SuccessFactors), Oracle, IBM (Kenexa), COMPAS Technology, TalentReef, Conrep, Cornerstone OnDemand, Advanced Personnel Systems, Greenhouse Software, ApplicantPro, IKraft Solutions |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
