AI Integration Revolutionizes Applicant Tracking Systems and Recruitment Process - Market Outlook to 2030


Dublin, Aug. 30, 2023 (GLOBE NEWSWIRE) -- The "Applicant Tracking Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Applicant Tracking Systems Market to Reach $4.1 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Applicant Tracking Systems estimated at US$2.7 Billion in the year 2022, is projected to reach a revised size of US$4.1 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Software, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $805.7 Million, While China is Forecast to Grow at 5.1% CAGR

The Applicant Tracking Systems market in the U.S. is estimated at US$805.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$717.8 Million by the year 2030 trailing a CAGR of 5.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

MARKET TRENDS & DRIVERS

  • AI Integration Revolutionizes Applicant Tracking System and Recruitment Process
  • AI-Based ATS Software Aids in Recruitment of Quality Candidates
  • Focus Grows on Development of Affordable ATS Solutions for SMBs
  • Companies Seek to Capitalize on Novel ATS Features
  • Rise in Integration of Social Media with ATS
  • Applicant Tracking Systems - Part of New Recruitment Technologies
  • Benefits of Applicant Tracking System
  • Selecting Applicant Tracking System
  • CMC Introduces Healthcare Applicant Tracking System.
  • BerniePortal Launches Applicant Tracking System.
  • Butler Introduces "Butler Careers Site
  • LinkedIn Introduces Tracking System .

A selection of companies mentioned in this report includes

  • ApplicantStack
  • BambooHR LLC
  • Cornerstone OnDemand, Inc.
  • ExactHire
  • Greenhouse Software, Inc.
  • Hyrell
  • iCIMS, Inc.
  • Jobvite, Inc.
  • Lever, Inc.
  • Lumesse Ltd.
  • Paycor, Inc.
  • SAP SE
  • Workable Software Limited
  • Workday, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/2y3cj6

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Global Market for Applicant Tracking Systems

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