Digital Talent Acquisition Market – Industry Structure Evaluation, Demand Drivers Analysis, Regional Growth Analysis and Identification, Competitive Positioning Review & Global Market Size Forecast to 2030
Overview
Digital Talent Acquisition Market was valued at US$ 57.26 Bn in 2023 and is expected to reach US$ 101.88 Bn by 2030, at a CAGR of 8.58% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Digital Talent Acquisition Market Dynamics:
The digital talent acquisition market is projected to be driven by increasing innovations and technological advancements. As the Big Data analytics industry quickly grows to include mainstream customers, technologies like Hadoop and cloud solutions are in demand and they have growth potential. So, it is expected to boost the digital talent acquisition market in the near future. An enormous amount of structured and unstructured data is available in firms owing to increased Internet adoption and they need digitally skilled people to manage the same.
Limited awareness regarding the benefits of digital skills is hindering the development of digital talent. Some end-users are still not aware about the importance of digital skills. Despite the evolution of technology, the adoption of tools associated with digital skills still remains challenging. So, it is restraining the growth of the digital talent acquisition market globally.
Digital Talent Acquisition Market Segment Analysis:
Based on skill segment, AI developers are the fastest-growing sub-segment in the digital talent acquisition market owing to numerous platforms that have been created to upscale digital talent skills over the years, as the emergence of AI in talent management. In recent years, organizations are using AI for pre-hiring assessments and to give employees projects that need their specific skills. Companies are shifting toward AI and machine learning and up scaling their skills to gain a competitive benefit in the digital talent industry.
Digital Talent Acquisition Market Regional Insights:
Region-wise, North America is expected to lead the market for digital talent acquisition during the forecast period. Growth in data volumes drives analytical skills as well as needs software specialists. Thus, exponential growth in data volumes is expected to drive the digital talent acquisition Industry in the region.
Accenture, IBM, SAP SE, Oracle Corporation are some of the prominent players in the global market for digital talent acquisition. IBM Corporation is an international company that manufactures and markets products like computer hardware, middleware, and software along with hosting and IT consulting services. The company proposals AI-powered talent management solutions with the help of IBM Watson.
A recent development in the Global Digital Talent Acquisition Market: In 2017, Accenture PLC acquired data analytics company Search Technologies. Accenture is expected to associate the analytical technologies of Search Technologies with its AI and data analytics capabilities.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Digital Talent Acquisition Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the Global Digital Talent Acquisition Market.
Digital Talent Acquisition Market, Key Highlights:
Global Market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Digital Talent Acquisition Market
Global Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Digital Talent Acquisition Market are also profiled.
Digital Talent Acquisition Market Scope: Inquire before buying
| Digital Talent Acquisition Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | US $ 57.26 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 8.58% | Market Size in 2030: | US $ 101.88 Bn. |
| Segments Covered: | by Skills | Data Management Web Presentation AI Developers Cloud Computing & Security Others |
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| by Training Type | Internal External |
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| by Enterprise Size | Small Enterprises Medium Enterprises Large Enterprises |
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| by End-User | Banking Insurance Retail IT & Telecom Government & Defense Manufacturing Logistics Others |
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Digital Talent Acquisition Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Digital Talent Acquisition Market, Key Players are:
1. Skillsoft Limited
2. Engaging Ideas Pvt. Ltd.,
3. The Training Associates Corporation,
4. Hortonworks Inc.,
5. Data Science Council of America,
6. BrainStation Inc.,
7. Accenture,
8. IBM Corporation,
9. SAP SE
10. Oracle Corporation.
11. Microsoft (Linkendin)
12. Upwork
13. iCIMS
14. Ultimate Software
15. CornerStone
16. Workday
17. ADP
18. Digital Academy India,
19. Engaging Ideas Pvt. Ltd.
20. Hortonworks Inc.
Frequently Asked questions
1. What is the market size of the Global Market in 2023?
Ans. The market size Global Market in 2023 was US$ 57.26 Billion.
2. What are the different segments of the Global Market?
Ans. The Global Market is divided into Enterprise Size, Training Type, Skills and End User.
3. What is the study period of this market?
Ans. The Global Market will be studied from 2023 to 2030.
4. Which region is expected to hold the highest Global Market share?
Ans. The Asia Pacific dominates the market share in the market.
5. What is the Forecast Period of Global Market?
Ans. The Forecast Period of the market is 2024-2030 in the market.