Global Applicant Tracking System Market Outlook

The figure depicts data for the global applicant tracking system market from 2018 to 2032, when the market size was usd 1.9 billion in 2022 and the cagr was predicted to be 9.3% from 2023 to 2030. an application tracking system (ats) is software that allows recruiters and companies to track candidates throughout the hiring and recruiting process. this software might have features ranging from basic database functionality to a full-service suite of tools that allows enterprises of any size to easily screen, manage, and analyze applicants furthermore, factors such as rising market demand to improve candidate experience through a streamlined process, the emergence of mobile-based recruitment systems, market demand for improved staffing efficiencies and productivity, and the need to replace traditional hiring methods are propelling the global applicant tracking system market forward the entire business ecosystem was impacted during the covid-19 pandemic. however, this has resulted in fast digitization, and many fundamental corporate tasks in business ecosystems are now carried out electronically using novel technology. for example, due to social distancing, lengthy lockdowns, and remote work, various commercial organizations throughout the world have been switching to automated applicant tracking systems in addition, market participants have launched novel applicant tracking systems to suit the post-pandemic market demand for automated employment solutions. for example, agile onboarding, one of the major applicants tracking systems, developed the agile onboarding software in march 2022, which combines targeted ai and data analysis to assist recruiters in adhering to rules throughout hiring campaigns integrating artificial intelligence (ai) capabilities into applicant tracking system (ats) software solutions, on the other hand, is likely to provide market growth prospects. ai integration boosts the capabilities of ats systems and the recruitment process. impress.ai, for example, is an ai-powered ats that streamlines the hiring process and swiftly hunts for great candidates. furthermore, the widespread adoption of cloud-based recruitment tools among businesses creates a market demand for the applicant tracking systems market