Digital Talent Acquisition Market by Training (External, Internal), Certification (AI Developers, Cloud Computing & Security, Data Management), Industry - Global Forecast 2024-2030

Digital Talent Acquisition Market by Training (External, Internal), Certification (AI Developers, Cloud Computing & Security, Data Management), Industry - Global Forecast 2024-2030

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.

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.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Digital Talent Acquisition Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Need for Digital Talent Acquisition to Build Transparency in the Recruitment Process
    • Integration of Digital Talent Acquisition Systems Integrated with CRM and ERP
    • Growing Adoption of Video Interview and Cognitive Technologies
    • Market Restraints
      • High Cost and Operational Complications Associated with Digital Talent Acquisition
      • Market Opportunities
        • Integration of Crowd-Sourcing in Talent Acquisition
        • Increasing Amalgamation Activities Among Talent Acquisition Software Providers
        • Market Challenges
          • Data Security and Privacy Issues
          • Market Segmentation Analysis
            • Training: proliferation of external training for acquiring knowledge and best practices
            • Certification: Utilization of AI developers and web presentation certifications in large-scale data integration, analysis, and management
            • Industry: Growing demand from the information technology sector owing to requirements for expertise in software development and artificial intelligence
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Digital Talent Acquisition Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Digital Talent Acquisition Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • iCIMS Launches AI Copilot
              
              iCIMS launched the iCIMS Copilot, an advanced AI-driven assistant designed to transform the recruitment landscape. This cutting-edge tool promises to significantly increase hiring speed and lower recruitment expenses, thereby granting organizations a substantial advantage in securing top talent. This new offering from iCIMS is poised to bolster business outcomes by enabling talent acquisition teams to focus on strategic initiatives rather than procedural workloads.
              
              Metova and Central Standard Talent Announce Merger to Create Metova Strategies
              
              Metova and Central Standard Talent merged to form an innovative new venture called Metova Strategies. This merger marks a significant milestone, uniting expertise in digital consulting, delivery, advanced data analytics, artificial intelligence, and tailored talent acquisition solutions. Metova Strategies is dedicated to delivering comprehensive strategies and innovative tools to boost competitiveness, drive growth, and curate exceptional customer experiences.
              
              Appcast Acquires Bayard to Expand Services Across Recruitment Marketing
              
              Appcast successfully acquired Bayard Advertising, a recruitment marketing firm. This pivotal acquisition merges Appcast's cutting-edge programmatic technology with Bayard's comprehensive recruitment marketing solutions, positioning the unified entity to deliver a full-spectrum marketing strategy. The fusion of their expertise broadens Appcast's capabilities and extends their customer reach, now serving an impressive roster of over 2,000 clients in the U.S. and ten additional global markets.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Digital Talent Acquisition Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            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
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year