The Applicant Tracking System Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Applicant Tracking System Market?
The market size of the applicant tracking system has seen a robust expansion in recent years. The market, valued at $2.79 billion in 2024, is projected to reach $2.99 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Applicant Tracking System Industry?
The Applicant Tracking System Global Market is predicted to reach a value of $4.04 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.8%.
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What are the Key Growth Drivers Fueling the Applicant Tracking System Market?
The key drivers in the applicant tracking system market are:
• Integration with HR software ecosystem
• Adoption of mobile recruiting solutions
• Increased emphasis on diversity and inclusion within the recruitment process
• Focus on enhancing candidate experience through advanced features.
Global Market Segmentation: Identifying Major Applicant Tracking System Industry Segments
The applicant tracking system market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Vertical: Banking Financial Services And Insurance (BFSI), Government, Manufacturing, Telecom And Information Technology (IT), Consumer Goods And Retail, Healthcare And Lifesciences, Energy And Utilities, Transportation And Logistics, Other Verticals
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What are the Emerging Trends Shaping the Future of the Applicant Tracking System Market?
The key trends in the applicant tracking system market are:
• The global market is currently trending towards the implementation of AI and machine learning in applicant tracking systems.
• Enhanced candidate experience is a growing focus in the industry.
• There is an emerging emphasis on diversity and inclusion features in recruitment systems.
• Predictive analytics for recruitment and integration with an HR software ecosystem are becoming key trends in the market.
Who Are the Top Competitors & Leading Players in the Applicant Tracking System Market?
Major companies in the applicant tracking system market are:
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• Automatic Data Processing Inc.
• Workday Inc.
• Ultimate Kronos Group
• Paycor HCM Inc.
• Bullhorn Inc.
• Cornerstone OnDemand Inc.
• iCIMS Inc.
• PeopleFluent Inc.
• Ceipal Corporation
• Workable Technology Limited
• BambooHR
• SmartRecruiters Inc.
• Jobvite Inc.
• Lever
• Trakstar Hire
• ADR Inc.
• Silkroad Technology Inc.
• Greenhouse Software Inc.
• ClearCompany Inc.
• Hireku Inc.
• Symphony Talent LLC
• TalentNest
• ATS OnDemand
Regional Dominance: Which Area Leads the Global Applicant Tracking System Market?
North America was the largest region in the applicant tracking system market in 2024
