The applicant tracking system market size was valued at USD 2.7 billion in 2023 and is expected to reach USD 4.9 billion by 2032, at a CAGR of 7.1%.
FORT COLLINS, Colo., April 21, 2024 (Globe Newswire) —
Artificial intelligence and machine learning technologies are coming together to drive industry growth.
The fusion of artificial intelligence (AI) and machine learning technology Applicant Tracking System (ATS) Market. AI-driven capabilities such as resume parsing, candidate rankings, and predictive analytics have the potential to enhance ATS capabilities, enabling organizations to make informed and data-driven hiring decisions. Improved candidate experience.
In 2023, the U.S. government announced a $3 billion investment across government agencies to responsibly develop, test, procure, and integrate innovative AI applications. This confirms the growing importance and potential of AI technology across various sectors such as HR and recruitment.
Another major driver of the market is the proliferation of cloud-based applicant tracking system (ATS) solutions. Cloud-based platforms are scalable, flexible, and cost-effective, making them attractive to businesses of all sizes. According to the U.S. Small Business Administration, small businesses represent 99.9% of all businesses in the United States, and the adoption of cloud-based ATS solutions democratizes advanced recruiting technology and makes it available to these organizations. Now it looks like this. Additionally, cloud-based ATS facilitates remote access and collaboration, streamlines administrative tasks, and powers remote work systems.
Request a sample report:
https://bit.ly/441KQ2N
Segmentation overview:
The applicant tracking system market is segmented into component, deployment, organization size, industry, and region.
Large companies will hold large market share in 2023
-
Based on the market segmentation by organization size, the large enterprise segment accounted for the dominant market share in 2023. Larger companies typically have more job openings and receive more applications, so they need a robust and scalable ATS solution to efficiently manage the hiring process.
The IT and telecommunications industry will occupy a large share in the coming years.
-
Based on market segmentation by industry, the IT & Telecom sector held the largest market share in 2023. The high-tech industry is known for its high number of jobs and the need to attract top talent in a highly competitive market. IT and telecommunications companies often receive many applications for open positions, and an ATS solution is essential to effectively manage the hiring process.
ask for discount
https://bit.ly/3TTSJCU
Highlights of the Applicant Tracking System Market report:
-
Notable players in the Applicant Tracking System market report include: Oracle Corporation, SAP SE, IBM Corporation, Workday, Inc., ADP, LLC, Cornerstone OnDemand, Inc., iCIMS, Inc., Jobvite, Inc., PeopleFluent, Inc ., Greenhouse Software, Inc., Bullhorn, Inc., and Talentsoft SA.
Looking for only region/country-specific reports?
https://bit.ly/3Q8v6We
About DataHorizon Research:
DataHorizon is a market research and advisory firm that helps organizations around the world develop growth strategies that align with changing business dynamics. Its services include enterprise-wide consulting services and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term, sustainable trends in the market makes complex decision-making easier for organizations.
contact:
Post: sales@datahorizzonresearch.com
Doctor: +1-970-672-0390
Website: https://datahorizonresearch.com/
Please follow us: linkedin
recent publications
integrated system market
messaging security market
data center equipment market
data center generator market
Mono market location
CONTACT: Mail: sales@datahorizzonresearch.com Ph: +1-970-672-0390 Website: https://www.datahorizzonresearch.com
