Digital Talent Acquisition Market by Training, Certification, Industry

Description

List of Tables

[181 Pages Report] The Digital Talent Acquisition Market size was estimated at USD 30.01 billion in 2023 and expected to reach USD 32.81 billion in 2024, at a CAGR 9.47% to reach USD 56.57 billion by 2030.

Global Digital Talent Acquisition Market

KEY MARKET STATISTICS
Base Year [2023]	USD 30.01 billion
Estimated Year [2024]	USD 32.81 billion
Forecast Year [2030]	USD 56.57 billion
CAGR (%)	9.47%

Digital Talent Acquisition Market - IMG1

Digital Talent Acquisition involves integrating digital technology into the recruitment process to attract, engage, and hire candidates. It leverages various digital platforms, tools, and methodologies to streamline & enhance the efficiency and effectiveness of recruiting talent within the digital space. This strategy encompasses using online job boards, social media networks, company websites, and other digital channels to post vacancies and interact with potential candidates. It also includes utilizing Applicant Tracking Systems (ATS), data analytics, mobile recruitment applications, and artificial intelligence to screen applicants and manage the hiring process. Digital Talent Acquisition enables organizations to reach a wider pool of candidates, provides insights into hiring metrics, and ultimately helps in acquiring the right talent while optimizing the overall recruitment lifecycle. An increase in the adoption of cloud-based recruitment solutions, along with demanding analytics-driven decision-making in hiring processes, has increased digital talent acquisition solutions. Moreover, advancements in AI and ML, automating and improving the accuracy of candidate screening, have further propelled the market growth. However, data security & privacy concerns related to candidate information coupled with reluctance to adopt new technologies by traditional organizations may pose challenges for the market. Nevertheless, the integration of diversified data sources provides a more comprehensive view of candidates and expansion of mobile-based recruitment platforms catering to the growing mobile workforce.

Regional Insights

The Americas, particularly the United States and Canada, exhibit a highly mature digital talent acquisition market. Companies in this region heavily invest in innovative recruitment technologies such as Artificial Intelligence (AI), Machine Learning (ML), and predictive analytics to streamline the hiring process and identify the best candidates. The United States leads in adopting digital tools for talent acquisition, reflecting its dynamic tech industry and the demand for skilled professionals. In Latin America, there's a growing emphasis on digital channels and platforms to bridge the talent gaps, with countries like Brazil and Mexico making significant strides in technology-based recruitment. The focus on employer branding and candidate experience is paramount across the Americas, recognizing the competitive nature of attracting top digital talent. The EMEA region presents a diverse talent acquisition landscape due to varying economic development, digital maturity, and cultural differences. In Western Europe, particularly in the UK, Germany, and France, advanced analytics and digital recruitment platforms are prevalent. Northern European countries are notable for their innovative recruitment practices, emphasizing the importance of diversity and inclusion. In contrast, the Middle East is rapidly adopting mobile-first strategies to tap into a young, tech-savvy population. With its vast and young talent pool, Africa is gradually embracing digital solutions, though it faces challenges such as internet accessibility and digital infrastructure. The Asia Pacific region showcases a burgeoning digital talent acquisition market, influenced by its high-growth economies, including China, India, and Southeast Asia. The adoption of digital recruitment is accelerated by the region's increasing internet penetration and mobile usage. In mature landscape economies such as Australia and Singapore, companies are at the forefront of integrating AI-powered solutions into their talent acquisition practices. The presence of technology hubs exhibits a high demand for skilled digital professionals, driving innovation in recruitment technologies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Digital Talent Acquisition Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Digital Talent Acquisition Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Digital Talent Acquisition Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Amazon Web Services, Inc., AppCast Inc., Automatic Data Processing, Inc., Avature Limited, Bullhorn, Inc., Capgemini SE, Cloudera, Inc., Cornerstone OnDemand, Inc., Darwinbox Digital Solutions Private Limited, First Advantage, Greenhouse Software, Inc., iCIMS, Inc., International Business Machines Corporation, Manatal.Co.Ltd, MEM Digital, Mercer LLC, Microsoft Corporation, Oorwin Labs Inc., Oracle Corporation, Paycom Software, Inc., Paylocity Holding Corporation, Salesforce, Inc., SAP SE, Sense Talent Labs, Inc., Skillsoft Corporation, UKG Inc., Workable Technology Limited, Workday, Inc., and Zoho Corporation Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Digital Talent Acquisition Market to forecast the revenues and analyze trends in each of the following sub-markets:

Training
- External
- Internal
Certification
- AI Developers
- Cloud Computing & Security
- Data Management
  - Big Data & Master Data Management
  - Data Analytics
- Web Presentation
  - App Development
  - User Interface Design
  - Web Development
Industry
- Aerospace & Defense
- Automotive & Transportation
- Banking, Financial Services & Insurance
- Building, Construction & Real Estate
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Information Technology
- Manufacturing
- Media & Entertainment
- Telecommunication
- Travel & Hospitality
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Digital Talent Acquisition Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Digital Talent Acquisition Market?

3. What are the technology trends and regulatory frameworks in the Digital Talent Acquisition Market?

4. What is the market share of the leading vendors in the Digital Talent Acquisition Market?

5. Which modes and strategic moves are suitable for entering the Digital Talent Acquisition Market?

Product Code: MRR-4358917D6599

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Digital Talent Acquisition Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Need for Digital Talent Acquisition to Build Transparency in the Recruitment Process
  - 5.1.1.2. Integration of Digital Talent Acquisition Systems Integrated with CRM and ERP
  - 5.1.1.3. Growing Adoption of Video Interview and Cognitive Technologies
- 5.1.2. Restraints
  - 5.1.2.1. High Cost and Operational Complications Associated with Digital Talent Acquisition
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of Crowd-Sourcing in Talent Acquisition
  - 5.1.3.2. Increasing Amalgamation Activities Among Talent Acquisition Software Providers
- 5.1.4. Challenges
  - 5.1.4.1. Data Security and Privacy Issues
5.2. Market Segmentation Analysis
- 5.2.1. Training: proliferation of external training for acquiring knowledge and best practices
- 5.2.2. Certification: Utilization of AI developers and web presentation certifications in large-scale data integration, analysis, and management
- 5.2.3. Industry: Growing demand from the information technology sector owing to requirements for expertise in software development and artificial intelligence
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Digital Talent Acquisition Market, by Training

6.1. Introduction
6.2. External
6.3. Internal

7. Digital Talent Acquisition Market, by Certification

7.1. Introduction
7.2. AI Developers
7.3. Cloud Computing & Security
7.4. Data Management
- 7.5.1. Big Data & Master Data Management
- 7.5.2. Data Analytics
7.5. Web Presentation
- 7.6.1. App Development
- 7.6.2. User Interface Design
- 7.6.3. Web Development

8. Digital Talent Acquisition Market, by Industry

8.1. Introduction
8.2. Aerospace & Defense
8.3. Automotive & Transportation
8.4. Banking, Financial Services & Insurance
8.5. Building, Construction & Real Estate
8.6. Consumer Goods & Retail
8.7. Education
8.8. Energy & Utilities
8.9. Government & Public Sector
8.10. Healthcare & Life Sciences
8.11. Information Technology
8.12. Manufacturing
8.13. Media & Entertainment
8.14. Telecommunication
8.15. Travel & Hospitality

9. Americas Digital Talent Acquisition Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Digital Talent Acquisition Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Digital Talent Acquisition Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Metova and Central Standard Talent Announce Merger to Create Metova Strategies
  - 12.3.1.2. Appcast Acquires Bayard to Expand Services Across Recruitment Marketing
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. iCIMS Launches AI Copilot

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Accenture PLC
- 13.1.2. Amazon Web Services, Inc.
- 13.1.3. AppCast Inc.
- 13.1.4. Automatic Data Processing, Inc.
- 13.1.5. Avature Limited
- 13.1.6. Bullhorn, Inc.
- 13.1.7. Capgemini SE
- 13.1.8. Cloudera, Inc.
- 13.1.9. Cornerstone OnDemand, Inc.
- 13.1.10. Darwinbox Digital Solutions Private Limited
- 13.1.11. First Advantage
- 13.1.12. Greenhouse Software, Inc.
- 13.1.13. iCIMS, Inc.
- 13.1.14. International Business Machines Corporation
- 13.1.15. Manatal.Co.Ltd
- 13.1.16. MEM Digital
- 13.1.17. Mercer LLC
- 13.1.18. Microsoft Corporation
- 13.1.19. Oorwin Labs Inc.
- 13.1.20. Oracle Corporation
- 13.1.21. Paycom Software, Inc.
- 13.1.22. Paylocity Holding Corporation
- 13.1.23. Salesforce, Inc.
- 13.1.24. SAP SE
- 13.1.25. Sense Talent Labs, Inc.
- 13.1.26. Skillsoft Corporation
- 13.1.27. UKG Inc.
- 13.1.28. Workable Technology Limited
- 13.1.29. Workday, Inc.
- 13.1.30. Zoho Corporation Pvt. Ltd.
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing