United States Applicant Tracking System Market Report 2024-2032 | Industry Size, Growth and Latest Insights
According to the latest report by IMARC Group, the United States applicant tracking system market size reached USD 547.1 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 908.7 Million by 2032, exhibiting a growth rate (CAGR) of 4.50% during 2024-2032. Expanding digitalization and evolving workplace dynamics are the key factors responsible for the growth of the market.
United States Applicant Tracking System Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 4.50% (2024-2032)
Market Size in 2023: USD 547.1 Million
Market Forecast in 2032: USD 908.7 Million
According to the latest report by IMARC Group, the United States applicant tracking system market size reached USD 547.1 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 908.7 Million by 2032, exhibiting a growth rate (CAGR) of 4.50% during 2024-2032. Expanding digitalization and evolving workplace dynamics are the key factors responsible for the growth of the market.
The increasing demand for efficient recruitment processes, particularly among large enterprises and mid-sized organizations, is propelling the adoption of applicant tracking system platforms. The growing focus on talent acquisition in competitive industries such as technology, healthcare, and finance is further fueling market expansion. Organizations are increasingly utilizing applicant tracking system solutions to streamline hiring, reduce time-to-fill, and enhance candidate experience. Moreover, the rise of remote work and distributed teams has heightened the need for digital tools that facilitate virtual hiring, positioning applicant tracking system platforms as essential for modern recruitment strategies. Additionally, employee branding and candidate engagement are emerging as key focus areas, with applicant tracking system platforms enabling organizations to create personalized communication and maintain a consistent employer brand across all touchpoints. Furthermore, collaborative hiring features that involve team members in the recruitment process are also gaining popularity, promoting better decision-making and enhancing workplace culture alignment.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/united-states-applicant-tracking-system-market/requestsample
United States Applicant Tracking System Industry Trends and Drivers:
Key trends in the United States applicant tracking system market include automation and data-driven decision-making. Companies are increasingly adopting automation to simplify repetitive tasks, such as screening resumes and scheduling interviews, allowing human resource teams to focus on strategic activities. The use of advanced analytics provides actionable insights into recruitment metrics, helping organizations optimize their hiring processes. Mobile compatibility and user-friendly interfaces are also becoming standard features, catering to the growing preference for accessible and seamless digital tools. Moreover, the rise of industry-specific applicant tracking system platforms tailored to sectors such as education, healthcare, and retail is a significant growth-inducing trend as it meets the unique hiring requirements of these industries. Integration capabilities with human resource management systems (HRMS) and customer relationship management (CRM) tools are further enhancing the utility of applicant tracking system solutions.
Numerous companies are also prioritizing platforms with multilingual capabilities and global compliance features to support international hiring. Additionally, supportive government initiatives promoting workforce development and employment equality are contributing substantially to market growth by encouraging organizations to adopt advanced hiring technologies. These systems enable employers to ensure compliance with regulations related to diversity, equity, and inclusion (DEI), which has become a priority for numerous organizations. Furthermore, the availability of scalable and customizable applicant tracking system solutions has made them accessible to businesses of all sizes, from startups to global enterprises, broadening the market base.
United States Applicant Tracking System Industry Segmentation:
The report has segmented the market into the following categories:
Deployment Insights:
- On-premises
- Cloud based
Organization Size Insights:
- Small and Medium-sized Enterprises
- Large Enterprises
Component Insights:
- Software
- Services
End User Insights:
- BFSI
- IT and Telecommunications
- Government and Public Sector
- Retail
- Manufacturing
- Healthcare and Life Sciences
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ask Our Expert & Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=20523&flag=C
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145