Digital Talent Acquisition Market Scope
Digital revolution, combined with the rising landscape of talent competition in the market, necessitates a shift in focus in order to enable well-founded and flexible decision-making processes in a sustainable society. Traditionally, talent management strategies were more permanent, with the goal of promoting organisational staff development over time. Employers are highly invested in staff training as well as employee loyalty and dedication. The role of human resources departments was to assist the full working cycle of a company's personnel based on this idea. This included defining and supervising all hiring, training, development, and promotion processes. Because many sectors require personnel with IT-related knowledge, skills, and abilities to digitalize their products, services, and processes, recruitment plays a critical role throughout digital transformation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Accenture plc (Ireland), IBM Corporation (United States), Skillsoft Limited (United States), ADP, Inc (United States), Cornerstone OnDemand (India), Data Science Council of America (United States), Engaging Ideas Pvt. Ltd. (India), Hortonworks Inc. (United States), iCIMS (United States) and Microsoft Corporation (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Digital Talent Acquisition market throughout the predicted period.
Accenture plc (Ireland), IBM Corporation (United States), Skillsoft Limited (United States), ADP, Inc (United States), Cornerstone OnDemand (India), Data Science Council of America (United States), Engaging Ideas Pvt. Ltd. (India), Hortonworks Inc. (United States), iCIMS (United States) and Microsoft Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Oracle Corporation (United States), SAP SE (Germany), Skillsoft Limited (United States), Ultimate Software (United States) and Workday, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Digital Talent Acquisition market by Type and Region with country level break-up.
On the basis of geography, the market of Digital Talent Acquisition has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In December 2023, LinkedIn Talent Insights Partners with Indeed. This partnership will combine LinkedIn's talent insights data with Indeed's extensive job board listings, providing recruiters with a more comprehensive view of the talent market.
In December 2023, Cornerstone OnDemand Acquires Saba Software. This merger creates a leading cloud-based human capital management (HCM) company, strengthening both companies' talent acquisition solutions.
Influencing Trend:
Rising Implementation of Digital, Video, And Cognitive Technologies
Market Growth Drivers:
Technical Progress in Digital Talent Acquisition and Demand for Digital Integrated Talent Acquisition Systems Integrated with CRM And ERP
Challenges:
Lack of Awareness and Fierce Competitive Pressure
Restraints:
Technological Limitations and Security Concerns and Cyber Threats
Opportunities:
Integration with Advance Technologies Including AI and ML
Key Target Audience
Digital Talent Acquisition Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others