Precision Business Insights has published a report on the global applicant tracking system market, estimating its value at USD 2.8 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The applicant tracking system market refers to the global industry centered around the development, distribution, and implementation of software solutions designed to automate and streamline the recruitment and hiring process for organizations. An Applicant Tracking System (ATS) is a type of human resources software that enables businesses to electronically manage the entire recruitment workflow from job postings and applicant intake to resume parsing, interview scheduling, candidate communication, and onboarding.

Growth is driven by:

• Rising demand for automated hiring workflows
• Expansion of remote work
• Increasing focus on diverse talent acquisition
• Adoption of cloud-based HR suites

The global applicant tracking system market segmentation:
1) By Component: Software, Services and Solution
2) By Deployment: On-premises, Cloud
3) By Organization Size: SMEs, Large Enterprises
4) By End Users: BFSI, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Healthcare and Life Sciences, Others

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Regional Overview:
The report also examines the current concerns and their Future Effects on the applicant tracking system market by the region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like ApplicantStack, Oracle Corporation, iCIMS, Inc., Workable Software Ltd., Hyrell, Bullhorn, Inc., ClearCompany, Greenhouse Software, Inc., Jobvite Inc., Automatic Data Processing, Inc.   

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