The Applicant Tracking System Market is estimated to be valued at USD 2.6 in 2025 and is projected to reach USD 4.3 by 2035, registering a compound annual growth rate (CAGR) of 5.3% over the forecast period.
The stainless steel valve tag market is expanding steadily as industrial sectors prioritize asset management, safety compliance, and equipment traceability. Increasing investments in infrastructure and process automation have heightened demand for robust and clear identification solutions capable of withstanding harsh environments.
The shift toward digital transformation in industries such as oil and gas, manufacturing, and utilities is encouraging the adoption of advanced tagging systems that support maintenance and audit operations. Growing awareness around regulatory compliance for equipment labeling and enhanced safety protocols is also influencing market expansion.
The rise of e-commerce platforms has facilitated easier procurement of valve tags, increasing accessibility for small to medium enterprises and broadening geographic reach. Material innovations and customization options continue to enhance product longevity and visibility, creating opportunities for market penetration across diverse industrial applications.
The market is segmented by Component, Deployment Type, Organization Size, and End-use and region. By Component, the market is divided into Software and Services. In terms of Deployment Type, the market is classified into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. By End-use, the market is divided into IT & Telecommunication, BFSI, Healthcare & Life Sciences, Consumer Goods & Retail, Manufacturing, and Others. Regionally, the market is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
The market is segmented by Component, Deployment Type, Organization Size, and End-use and region. By Component, the market is divided into Software and Services. In terms of Deployment Type, the market is classified into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. By End-use, the market is divided into IT & Telecommunication, BFSI, Healthcare & Life Sciences, Consumer Goods & Retail, Manufacturing, and Others. Regionally, the market is classified into North America, Latin America, Western Europe, Eastern Europe, Balkan & Baltic Countries, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and the Middle East & Africa.
The less than 30 mm thickness segment is expected to hold 41.3% of the revenue share in 2025 within the thickness category. This segment’s leadership is supported by its suitability for a wide range of valve sizes and equipment types, providing sufficient durability while minimizing material costs.
The thinner tags offer flexibility in installation, especially in tight spaces and complex piping systems, making them preferable for industries where compactness is critical. Their compatibility with standard mounting hardware and ability to endure corrosion and wear have reinforced demand in sectors emphasizing both performance and cost efficiency.
This balance between robustness and adaptability has contributed to the segment’s dominant position.
Within the product type category, engraved valve tags are projected to command 57.8% of the market revenue share in 2025, marking them as the leading product form. The prominence of engraved tags is due to their superior legibility, permanence, and resistance to environmental degradation such as fading, scratching, and chemical exposure.
Engraving allows precise and customizable marking, meeting stringent industry standards for traceability and safety. The technique supports complex information including serial numbers, barcodes, and QR codes, enhancing integration with digital asset management systems.
Manufacturers’ emphasis on delivering long-lasting, tamper-proof tags that reduce maintenance costs has reinforced the adoption of engraved tags in heavy industries.
The online distribution channel is expected to generate 63.7% of market revenue in 2025, making it the most dominant sales route. The growth of e-commerce platforms has revolutionized procurement by offering convenience, broader product selections, and competitive pricing to end-users across industries.
Online channels enable buyers to access detailed product specifications, customization options, and customer reviews, simplifying purchase decisions. This has particularly benefited small and medium-sized enterprises lacking traditional supply chain networks.
Additionally, digital platforms have streamlined order fulfillment and reduced lead times, fostering faster adoption. Vendors are increasingly investing in online marketplaces and direct-to-customer websites to expand reach and improve customer engagement, reinforcing the online channel’s leadership in the stainless steel valve tag market.
As per the Global Applicant Tracking System Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2020 to 2024, the market value of the Applicant Tracking System Market increased at around 6.1% CAGR. Many candidates encounter less-than-ideal circumstances during their job searches. According to the Talent Board, North America's candidate dissatisfaction climbed by 40% in 2020. Businesses may offer a better candidate experience and avoid candidate dissatisfaction with an applicant monitoring system.
It offers a more straightforward application procedure, a mechanism for job seekers to track the status of their applications, and improved communication throughout the hiring process. One way to ensure fast communication is to use applicant tracking software. Dashboards and notifications assist hiring managers and recruiters in keeping communication at the forefront of their minds.
Positive candidate experiences increased by 52% when HR teams defined the post-interview activities and followed up with applicants in accordance with the predetermined timeline, according to the 2024 North American Candidate Experience Research Report. As a result, applicant tracking systems software ensures that relationships between recruiters and prospects are positive.
There are more job opportunities in the IT and telecommunication sector as a result of the ongoing need for skilled personnel and the rapid evolution of technologies. In order to fill the growing demand for jobs, IT and communications solution providers are employing ATS software to reduce the talent gap.
To eliminate prejudice and automate the review and publication of job applications on several job boards, applicant tracking systems combine data mining and natural language processing. Due to the fusion of numerous technologies, the market trends for applicant tracking systems have made software generally accessible. Two examples of these trends are the use of cloud computing and artificial intelligence.
For instance, Modern Hire., a supplier of video interviewing, pre-hire exams, and applicant tracking software, unveiled an AI-driven Automated Interview Creator in March 2025. HR and recruiters will benefit from the technology as they try to increase the accuracy and relevance of their work. Utilizing the technology would also help recruiters conduct engaging application interviews and moral hiring decisions.
To ensure secure data and facilitate system transfer, large organizations are choosing to purchase from, communicate, and engage with providers of applicant tracking systems. For instance, IBM sold its talent acquisition suite to Infinite Computer Solutions Limited in October 2024. With the help of this program, new hires are hired and onboarded.
Infinite Computer Solutions Limited will gain access to a SaaS-based platform to attract top talent prospects and streamline the hiring process as a result of this acquisition. In order to expand the capabilities of the company, HireLogic, a supplier of AI-powered hiring software platforms, raised USD 2.6 Million in early funding in May 2025. Large organizations would profit from the company's candidate tracking system and video conferencing platforms since they would make organized interviews, data-driven hiring decisions, and resume ranking possible.
Large businesses are using applicant tracking systems and expanding their operations through job opportunities and candidates, recognizing certain competencies and talents that correspond with their goals and values. An applicant tracking system might make it easier to gather, store, and manage applications for these organizations.
These businesses need a support system to help them with the hiring process. For instance, a media holding company in the USA named G/O Media Inc. reported in April 2025 that applicant tracking systems are used by 75% of recruiters for the hiring process and by 99% of large businesses to set themselves apart from the competition. This enables the resume to pass through the applicant tracking systems and land in the hands of a human recruiter.
When designed and implemented on new or existing infrastructure, the applicant tracking systems paradigm presents a variety of design and implementation issues. The model forces organizations' IT departments to review their network security strategies in order to transition from a network perimeter-based strategy to a user and application-based security model. It could require significant time and effort to redesign and develop web and mobile applications. To transition to the new IT security model, a thorough network analysis of services, network gear, and traffic is necessary as the majority of networks were not developed with cybersecurity in mind. Before using the applicant tracking systems software to re-evaluate the hiring process, it is crucial to have a precise and thorough awareness of every user, application, device, and resource.
As a result of technological advancements affecting HR, a shifting set of skills is required to assure relevance with job advertisements. HR managers struggle to fully adopt new applicant tracking systems as they lack the necessary IT skills and software knowledge. The HR team needs the right training in order to use the applicant tracking systems effectively. As a result, it is projected that the lack of experience and limited technical skills will be a barrier to successfully adopting applicant tracking systems software across enterprises.
During the projection period, North America is projected to be the leading market applicant tracking system. To improve business solutions and give priority to resource planning in the cloud, Microsoft Corporation and Workday Inc. forged a strategic collaboration in May 2024. This will allow clients to use it to effectively complete their everyday responsibilities.
Customers of Workday will be able to use Workday Adaptive Planning on the Azure cloud as a result of this agreement. In order to hasten the decision-making process, Microsoft will also employ Workday Adaptive Planning for its financial teams' planning and forecasting. The region is expected to experience an increase in technological developments, strategic collaborations, and knowledge sharing.
The USA is expected to account for the highest market of USD 4.3 Billion by the end of 2035. Also, the market in the country is projected to account for an absolute dollar growth of USD 2.6 Million. In order to improve operations and obtain a competitive advantage, USA firms are making greater investments in cutting-edge technology. For instance, in March 2025, the USA-based provider of recruiting software iCIMS acquired Candidate.ID provides a lead-scoring application monitoring system to help clients better evaluate and comprehend their talent. This acquisition would also allow iCIMS to expand its customer base and operations in the USA with the aid of applicant tracking systems solutions.
Market revenue through applicant tracking software is forecasted to grow at a CAGR of over 5.2% from 2025 to 32. The increase is due to the applicant tracking systems software's ability to be customized and adjusted to meet end-user requirements. The application collects and maintains resumes in its database for easy access by recruiters. Despite being created for businesses, applicant tracking systems allow organizations to modify the software to suit their end-use requirements. For instance, the American hiring company UKG Inc. and the cloud-based recruiting software platform iCIMS announced their partnership in April 2024.
The collaboration will enable iCIMS to improve accuracy and data quality, save employee data, hasten decision-making, and simplify internal mobility. The company's applicant tracking systems platform allows hiring managers and recruiters to transmit new hire insights, which instantly synchronizes the employee data to enhance processes for transfers, new engagements, and rehires.
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Applicant Tracking System market are focused on their alliances, technology collaborations, and product launch strategies.
Some of the recent developments of key Applicant Tracking System providers are as follows:
Similarly, recent developments related to companies in Applicant Tracking System Market have been tracked by the team at Future Market Insights, which are available in the full report.
The global applicant tracking system market is estimated to be valued at USD 2.6 in 2025.
It is projected to reach USD 4.3 by 2035.
The market is expected to grow at a 5.3% CAGR between 2025 and 2035.
The key product types are software, services, _training, support & maintenance, _integration & implementation and _consulting.
cloud segment is expected to dominate with a 71.0% industry share in 2025.
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Applicant Tracking System Market
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