Increasing Focus on Recruitment Marketing and Brand Building Is Driving the Talent Acquisition and Staffing Technology and Services, Market
Globally, the talent acquisition and staffing technology and services market is expected to grow at a CAGR of 6.5% during the forecast period from 2019 to 2027. The market growth is primarily driven by the increasing focus of organizations on recruitment marketing, brand building, employee engagement, and culture development.
This is the primary factor driving the market growth. The organizations are focusing heavily on brand development strategies to acquire talent, increase employee retention rates, and offer higher employee engagement.
The enterprises are also leveraging recruitment marketing solutions such as CRMs, analytics, and reporting tools to connect with potential candidates in the hiring process. Furthermore, the increasing adoption of advanced technologies in the recruitment process is also acting as one of the major forces driving the growth of the market. However, the high capital cost of the systems is acting as an inhibitor to the growth of the market. Moreover, the data safety and security issues associated with the systems are also hindering the growth of the market.
Market Synopsis
Technologies Are Dominating the Talent Acquisition and Staffing Technology and Services, Market
The talent acquisition and staffing technology and services market is segmented on the category into technologies, services, and marketing and advertising. Technologies dominated the market with more than 43 percent of the revenue. The growth of the market is credited to the increasing adoption of advanced technologies such as big data, cloud computing, and analytics tools.
The organizations are leveraging publicly available information about prospective candidates to screen their data and acquire a better picture of a potential employees. Furthermore, the advancement of technologies, such as the development of intelligent algorithms, is also driving the growth of the market.
North America Led the Talent Acquisition and Staffing Technology and Services, Market
North America controlled the talent acquisition and staffing technology and services market with 38% of the revenue. The market growth here is driven by the increasing adoption of advanced technologies among enterprises for recruitment purposes. Furthermore, the increasing shortage of skilled professionals is also encouraging the demand for recruitment solutions across enterprises. Additionally, the rising adoption of smartphones and growing internet penetration in the region are supporting market growth.
The prominent players in the talent acquisition and staffing technology and services market are Acendre, ADP LLC, BambooHR LLC, CareerBuilder LLC, CornerStone OnDemand Inc., IBM Corporation, Infor, Krones Incorporated, Linkedin Corporation, Lumesse Inc., Oracle Corporation, Paycom Software Inc., PeopleFluent Inc., Randstad Holding NV, Saba Software Inc., SAP SE, Skillsoft Corporation, The Adecco Group, Ultimate Software Group Inc., and Workday Inc.
Periods of History and Forecast
This research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The talent acquisition and staffing technology and services market report provide market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global talent acquisition and staffing technology and services market based on category, platform, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of talent acquisition and staffing technology and services in 2018, and what is the forecast up to 2027?
Which is the largest regional market for talent acquisition and staffing technology and services?
What are the major trends followed in talent acquisition and staffing technology and services markets across different regions?
Who are the key companies in the talent acquisition and staffing technology and services market?
What are the key strategies adopted by the leading talent acquisition and staffing technology and services companies in the market?
This report's distinct data points
Statistics on talent acquisition, staffing technology and services, and spending worldwide
Recent trends across different regions in terms of adoption of talent acquisition and staffing technology and services across industries
Notable developments are going on in the industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Talent Acquisition And Staffing Technology And Services Market is expected to reach USD$ XX in 2027.
The Talent Acquisition And Staffing Technology And Services Market is expected to see significant CAGR growth over the coming years, at 6.5%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
ADP LLC, BambooHR LLC, CareerBuilder LLC, CornerStone OnDemand Inc., IBM Corporation. are some of the major players in the global market.
