"Increasing Focus on Recruitment Marketing and Brand Building Is Driving the Talent Acquisition and Staffing Technology & Services Market"
Globally, the talent acquisition and staffing technology & services market is expected to grow with a CAGR of 6.5% during the forecast period from 2019 to 2027. The market growth is primarily driven by the increasing focus by the organizations on recruitment marketing, brand building, employee engagement and culture development is the primary factor driving the market growth. The organizations are focusing heavily on the brand development strategies to acquire talent, increase employee retention rate and offer higher employee engagement.
The enterprises are also leveraging on the recruitment marketing solutions such as CRMs, analytics & reporting tools to connect with potential candidate in the hiring process. Furthermore, the increasing adoption of the advance technologies in the recruitment process is also acting as one of the major force driving the growth of the market. However, the high capital cost of the systems is acting as an inhibitor in the growth in the market. Moreover, the data safety and security issues associated with the systems are also hindering the growth of the market.
Market Synopsis
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"Technologies Is Dominating the Talent Acquisition And Staffing Technology & Services Market"
The talent acquisition and staffing technology & services market is segmented based on the category into technologies, services, and marketing advertising. Technologies dominated the market with more than 43% share in the revenue. The growth of the market is credited to the increasing adoption of the advance technologies such as Big Data, cloud computing and analytics tools. The organizations are leveraging on the publically available information of the prospective candidates to screen their data and acquire better picture of potential employee. Furthermore, the advancement in the technologies such as development of intelligent algorithms is also driving the growth of the market.
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"North America Led the Talent Acquisition and Staffing Technology & Services Market"
North America controlled the talent acquisition and staffing technology & services market with 38% share in the revenue. The market growth here is driven by the increasing adoption of the advance technologies among the enterprises for the recruitment purposes. Furthermore, the increasing shortage of the skilled professionals is also encouraging the demand for the recruitment solutions across the enterprises. Additionally, the rising adoption of the smartphones and growing internet penetration in the region is supporting the market growth.
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The prominent players in the talent acquisition and staffing technology & 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.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The talent acquisition and staffing technology & services market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global talent acquisition and staffing technology & services market based on category, platform, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Category Segment (2017–2027; US$ Bn)
• Marketing & advertising
• Technologies
• Services
|
|
Platform Segment (2017–2027; US$ Bn)
•Internal Referrals
•Social Platforms
•Other Internet Platforms
|
|
Application Segment (2017–2027; US$ Bn)
•BFSI
•Education
•Energy
•Healthcare
•IT & Telecommunication
•Manufacturing
•Retail
•Transportation
•Others
|
|
Geography Segment (2017–2027; US$ Bn)
•North America (U.S and Rest of North America)
•Europe (United Kingdom,Germany,France,Rest of Europe)
•Asia Pacific(China,Japan,India,Rest of Asia Pacific)
•Rest of the World (Middle East &Africa,Latin America)
|
Key questions answered in this report
- What was the market size of talent acquisition and staffing technology & services in 2018 and forecast up to 2027?
- Which is the largest regional market for talent acquisition and staffing technology & services?
- What are the major trends followed in talent acquisition and staffing technology & services market across different regions?
- Who are the key companies in the talent acquisition and staffing technology & services market?
- What are the key strategies adopted by the leading talent acquisition and staffing technology & services companies in market?
Unique data points of this report
- Statistics on talent acquisition and staffing technology & services and spending worldwide
- Recent trends across different regions in terms of adoption of talent acquisition and staffing technology & services across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
