The Latest Applicant Tracking System Industry Statistics Explained
The market is projected to reach USD 2.34 billion by 2026.
The statistic ‘The market is projected to reach USD 2.34 billion by 2026’ indicates that industry experts have forecasted the total value of the market to grow to USD 2.34 billion by the year 2026. This projection suggests an anticipated increase in market size and economic activity within that specific industry. It can serve as a guiding metric for businesses and investors in understanding the potential growth opportunities and market trends for strategic planning and decision-making. Additionally, it provides valuable insights for stakeholders to assess the market’s attractiveness and potential for investment within the specified timeframe.
On average, 250 CVs are received for each job position.
This statistic suggests that for each job position available, there is an average of 250 Curriculum Vitae (CVs) submitted by candidates. The high number of CVs received per job position highlights the competitiveness of the job market and the challenges faced by job seekers in standing out among a large pool of applicants. Employers may need to carefully review each CV to select the most suitable candidates for the position, leading to potential delays in the recruitment process. Job seekers may need to invest time and effort in crafting a strong and tailored application to increase their chances of being noticed by employers.
The applicant tracking system in education market is poised for 7% CAGR during 2021-2025.
This statistic indicates that the applicant tracking system (ATS) market within the education sector is expected to experience a Compound Annual Growth Rate (CAGR) of 7% between 2021 and 2025. This suggests that there will be a steady and consistent increase in the adoption and implementation of ATS solutions by educational institutions during this period. Factors such as the growing demand for streamlined recruitment processes, increasing emphasis on data-driven decision-making, and the need for efficient talent acquisition in the education sector are likely to drive this growth. The projected 7% CAGR reflects a positive outlook for the ATS market in education, highlighting opportunities for technology providers and educational institutions alike to leverage these systems for enhancing their recruitment and hiring processes.
There are more than 400 ATS software platforms available for companies to use.
This statistic highlights the significant abundance of Applicant Tracking System (ATS) software options that companies have at their disposal, with over 400 platforms available for use. This vast selection of ATS software reflects the competitive landscape within the human resources technology industry, where companies seek solutions to streamline their recruitment processes and optimize their talent management efforts. The wide variety of ATS platforms available allows organizations to choose software that aligns with their specific needs, preferences, and budget constraints, enabling them to efficiently track applicants, manage job postings, and evaluate candidate data to make informed hiring decisions. This statistic emphasizes the importance for businesses to carefully evaluate and select the ATS software that best suits their unique requirements to enhance their recruitment and HR operations effectively.
Close to 50% of companies use applicant tracking systems to help with diversity hiring.
This statistic suggests that approximately half of all companies utilize applicant tracking systems (ATS) as a tool to aid in their diversity hiring efforts. An ATS is a software application that assists organizations in managing job applications and recruitment processes efficiently. By using an ATS specifically for diversity hiring, companies can streamline their recruitment efforts by identifying qualified candidates from diverse backgrounds based on specific criteria. This statistic highlights the increasing importance placed on diversity initiatives within the corporate world and the recognition of technology as a valuable resource for achieving diversity and inclusion goals in the workplace.
59% of employers said that they, indeed, found their best candidates through their Applicant Tracking Systems.
The statistic ‘59% of employers said that they, indeed, found their best candidates through their Applicant Tracking Systems’ indicates that a significant majority of employers have successfully utilized their Applicant Tracking Systems to identify and recruit top talent. This suggests that these systems have proven to be effective tools for streamlining the recruitment process and identifying the most qualified candidates for job openings. The high percentage of employers attributing their best hires to the Applicant Tracking Systems underscores the importance of implementing and optimizing these systems to enhance recruitment efficiency and ultimately improve the quality of new hires within organizations.
The U.S is expected to hold a significant market share of more than 35% in the applicant tracking system market in 2025.
This statistic indicates that the United States is projected to have a substantial presence in the applicant tracking system market, accounting for over 35% of the total market share in 2025. This suggests that the U.S is anticipated to be a major player in the industry, likely due to factors such as a large number of businesses adopting such systems, technological advancements, and a robust economy driving demand for these solutions. Having a market share of more than 35% signifies that the U.S market is expected to dominate the global landscape for applicant tracking systems, potentially influencing market trends and shaping the competitive dynamics in this sector.
Companies using an ATS have reported improvement in cost-per-hire by up to 20%.
The statistic “Companies using an Applicant Tracking System (ATS) have reported improvement in cost-per-hire by up to 20%” suggests that businesses employing an ATS for their recruitment processes have experienced a notable reduction in the overall expenses associated with hiring new employees. This improvement can be attributed to various factors such as streamlined candidate management, automated processes, increased efficiency in screening and selecting suitable candidates, and reduced time-to-fill vacancies. The use of an ATS likely facilitates a more structured and effective recruitment process, leading to cost savings and ultimately contributing to enhanced financial performance for the organizations that utilize it.
22% of organizations are planning to increase spending on ATS in the next year.
The statistic indicates that 22% of organizations, out of the total sample studied, are intending to raise their spending on Applicant Tracking Systems (ATS) within the upcoming year. This suggests that a significant portion of companies are recognizing the value of investing in ATS technology to streamline their recruitment processes and enhance efficiencies. The decision to increase spending on ATS could stem from various factors such as a desire to improve talent acquisition, reduce time-to-hire, enhance candidate experience, or stay competitive in the talent market. Overall, the statistic highlights a trend towards prioritizing recruitment technology as a strategic investment for organizational success in the near future.
More than 60% of companies have adopted ATS primarily to improve the recruiting process.
This statistic indicates that a significant majority of companies, over 60%, have implemented Applicant Tracking Systems (ATS) with the main goal of enhancing their recruitment procedures. An ATS is a software application used by organizations to streamline the hiring process by automating tasks such as job posting, candidate screening, and interview scheduling. By adopting an ATS, companies aim to improve efficiency, reduce time-to-fill positions, enhance candidate experience, and ultimately make better hiring decisions. This statistic underscores the growing importance and utilization of technology in the recruitment industry as companies recognize the value of optimizing their hiring processes to attract top talent and remain competitive in the market.
The utilization of ATS in healthcare is expected to grow at a CAGR of 7% from 2019 to 2025.
This statistic indicates that the adoption and use of Applicant Tracking Systems (ATS) in the healthcare industry is projected to increase steadily at a compound annual growth rate (CAGR) of 7% from the year 2019 to 2025. ATS are software tools used by healthcare organizations to streamline their recruitment processes, including job posting, candidate screening, and hiring. The expected growth suggests that more healthcare providers are recognizing the benefits of utilizing ATS to improve the efficiency and effectiveness of their hiring practices. This trend indicates a shift towards more technology-driven solutions in healthcare HR management, which can lead to better workforce planning, reduced time-to-fill vacancies, and ultimately, improved patient care outcomes.
Large enterprises made up nearly 40% of the ATS market share in 2020.
The statistic indicates that large enterprises, defined as businesses with a significant number of employees and typically higher revenues, accounted for almost 40% of the market share for Applicant Tracking Systems (ATS) in 2020. This suggests that these established and expansive organizations were key players in utilizing ATS technology to manage their recruitment processes and track job applicants. The dominance of large enterprises in the ATS market share may be attributed to their greater resources and need for more sophisticated talent acquisition systems to handle large volumes of job applications efficiently. Overall, the statistic highlights the significant presence and influence of large enterprises in utilizing ATS solutions for their recruitment needs.
The cloud-based segment dominated the market with a share of more than 65% in 2019.
The statistic indicates that in 2019, the cloud-based segment held a significant market share of more than 65%, making it the leading player in the industry. This suggests that cloud-based solutions were the preferred choice among customers for their tech needs during that period. The dominance of the cloud-based segment could be attributed to factors such as scalability, cost-effectiveness, and flexibility offered by cloud solutions, which have increasingly become essential for businesses seeking efficient and agile technology solutions. The substantial market share held by the cloud-based segment highlights its importance and impact within the industry landscape, positioning it as a key driver of innovation and growth in the technology sector.
85% of recruiters depend on email applications for their hiring decisions.
The statistic “85% of recruiters depend on email applications for their hiring decisions” indicates that a large majority of recruiters prioritize email applications when making hiring decisions. This suggests that submitting a job application via email is a common and crucial method of applying for jobs in today’s hiring process. Recruiters place a significant emphasis on email applications, potentially due to the ease of tracking and managing candidate information electronically. Job seekers should ensure their email applications are professional, well-crafted, and tailored to the specific job to increase their chances of being noticed by recruiters who heavily rely on this method for evaluating potential candidates.
Nearly 60% of job seekers have reported a negative experience with an ATS.
The statistic that nearly 60% of job seekers have reported a negative experience with an Applicant Tracking System (ATS) indicates a significant portion of job applicants encounter frustration or dissatisfaction when interacting with these automated recruitment tools. An ATS is software used by employers to streamline the recruitment process by sorting and filtering job applications. Common complaints from job seekers may include technical glitches, lack of personalized communication, difficulty in tailoring resumes to meet specific keywords, or feeling dehumanized in the application process. This statistic highlights the importance for employers to balance efficiency through technology with the need to ensure a positive candidate experience to attract top talent and maintain a strong employer brand.
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