Global Applicant Tracking System Market Size to grow USD

New York, United States, Oct. 24, 2022 (GLOBE NEWSWIRE) — According to a research report published by Spherical Insights & Consulting, the Global Applicant Tracking System Market Size to grow from USD 1.43 billion in 2021 to USD 3.10 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 9% during the forecast period. Because applicant tracking systems are so easy to connect with other productivity tools, the market has grown a lot. For example, Oracle Corporation’s PeopleSoft Recruiting Solution has tools that job seekers, recruiters, and managers can use to look for jobs and hire new workers. The Asia Pacific is expected to grow the fastest during the forecast period.

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The COVID-19 pandemic has made an adverse impact on credit portfolios. There has been an unprecedented rise in unemployment and disruption in economic activity, putting a strain on the solvency of customers and companies. Central banks have taken a proactive approach by injecting liquidity into the market by lowering interest rates and asset purchase programs. Managing and monitoring credit, market, liquidity, and operational risk across financial markets were hard enough with ongoing geopolitical tensions, international trade wars, and the occasional hurricanes and earthquakes. The current pandemic situation has forced chief risk officers and their teams to recalibrate old assumptions and models used to manage and monitor risk. COVID-19’s global impact has shown that interconnectedness plays an important role in international cooperation. As a result, many governments started rushing toward identifying, evaluating, and procuring reliable solutions powered by AI.

The software segment to account for the largest market size during the forecast period

Based on the component type, the applicant tracking system market is categorized into Solutions and Services. The…