Latest News- Applicant Tracking System (ATS) Market: BFSI is expected to lead the End-user segment during 2025-2029

The Applicant Tracking System (ATS) Market is being driven by Advantages of applicant tracking systems

The Applicant Tracking System (ATS) Market is expected to grow at a CAGR of 5.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 792.3 million. The global proliferation of smartphones has fueled the growing demand for mobile Applicant Tracking Systems (ATS) apps. Major industry players, including Avature, Bamboo HR, and Zoho, offer mobile-compatible ATS solutions for both Android and iOS platforms. Recruiters are increasingly utilizing mobile-friendly job posting sites to reach a broader candidate base. Mobile apps enable remote candidates to engage with employers, making the job application process more accessible and convenient. The surge in mobile job hunting, particularly in emerging markets like India, South Korea, and China, underscores the importance of mobile ATS solutions for businesses seeking to attract top talent. 

Get more information on Applicant Tracking System (ATS) Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • BFSI
  • Government
  • Telecom and IT
  • Healthcare and life sciences
  • Others
• Deployment
  • On-premises
  • Cloud-based
• Component
  • Solution
  • Services
• Sector
  • SMEs
  • Large enterprises
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Advantages of applicant tracking systems
• Increasing use of cloud-based applicant tracking systems
• Digitalization of HR divisions of organizations

However, the market also witnesses some limitations, which are as follows:

• Limitations of applicant tracking systems
• Availability of open-source applications
• Data security and privacy concerns

Benefits of Buying Global Applicant Tracking System (ATS) Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Applicant Tracking System (ATS) Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Applicant Tracking System (ATS) market encompasses technologies that manage the entire talent acquisition process, from applicant workflow and candidate pipeline management to database management and job posting optimization. It includes features for resume screening automation, interview feedback management, offer management, and applicant communication. Additionally, ATS offers compliance reporting, analytics dashboards, data visualization, security features, and customizable workflows. Reporting and analytics, workflow automation, talent acquisition analytics, applicant tracking metrics, candidate engagement metrics, recruiting ROI, talent acquisition cost, efficiency, effectiveness, and process are all essential components of this technology.

Market Research Overview

The Applicant Tracking System (ATS) market is a segment of the global application software industry, focusing on candidate sourcing, recruitment marketing, talent acquisition, job board integration, and resume parsing solutions. These systems streamline the hiring process for businesses by managing applications, scheduling interviews, and tracking candidate progress. The market size is determined by the consolidated revenue of companies specializing in ATS solutions, contributing to the broader application software market within the IT industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/