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Market Research Future Insights
According to MRFR analysis, the global Applicant tracking systems market is expected to register a CAGR of ~6.54% from 2022 to 2030 and hold a value of over USD 3.8 Billion by 2030.
Applicant tracking systems (ATS) are software tools designed to help employers manage and streamline their hiring processes. They typically include features such as job postings, resume parsing, candidate screening, and interview scheduling.
The global applicant tracking systems market refers to the market for these software tools, which is driven by the increasing use of technology in HR processes and the need to automate recruitment workflows. The COVID-19 pandemic has had a significant impact on the applicant tracking systems market, as many companies have shifted to remote work and virtual hiring processes.
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This has led to increased demand for ATS software that can facilitate remote recruiting and collaboration. Additionally, with the economic impact of the pandemic, many companies have had to downsize or freeze hiring, which has also affected the market.
Regional Analysis
The global applicant tracking systems market is segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest share of the market, followed by Europe and Asia Pacific.
This is due to the high adoption of technology and the presence of large enterprises in these regions. Latin America and the Middle East and Africa are expected to show significant growth in the coming years due to the increasing need for recruitment automation and the growing number of small and medium-sized enterprises.
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Market Segmentation
The Global Applicant tracking systems market has been segmented into Services, Deployment and Organization Size.
Based on Services: Managed Services and Professional Services
Based on Deployment: On-Cloud and On-Premises
Based on Organization Size: SMEs and Large and big enterprises
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Key Players
Some of the market key players are
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