Worldwide Talent Acquisition Technologies and Services Forecast, 2024–2028
This IDC study provides a forecast for the talent acquisition technologies and services market from 2024 to 2028, providing revenue data for the global market segmented by region."The race to reimagine talent acquisition is off to an explosive start. Vendors are furiously jockeying for position, vying to cross the finish line as leaders in this radical shift," said Alicia Mokwa, research director, Talent Acquisition and Strategy, IDC. "With AI and skills-based hiring setting a relentless pace, the playing field is being upended before our very eyes. Complacency means being outpaced and left in the dust. Those who move swiftly, break from traditional norms, and embrace innovation as a workforce imperative will taste victory. In this headlong charge, the stakes are high — evolve or be rendered obsolete. The talent revolution has begun, and it's a sprint, not a marathon. Place your bets, for the future belongs to the bold and the agile."
Please Note: Extended description available upon request.
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Embrace AI and Machine Learning
Prioritize Skills-Based Hiring
Build Global Talent Sourcing Capabilities
Champion Diversity, Equity, and Inclusion
Reimagine the Candidate's Experience
Expand into Contingent Workforce Solutions
Foster a Partnership Ecosystem
Develop for the Metaverse
Market Forecast
Market Context
Rise of Intelligent Hiring Platforms
Emphasis on Skills-Based Hiring
Global Talent Sourcing and Remote Hiring
Diversity, Equity, and Inclusion
Integration of Talent Marketplaces
Emphasis on Candidate Experience
Drivers and Inhibitors
Drivers
Workforce Planning Strategies
Compliance and Security Concerns
Focus on Diversity, Equity, and Inclusion Boundaries
Inhibitors
Global Talent Pools
Workforce Upskilling/Reskilling Bottlenecks
Significant Market Developments
Changes from Prior Forecast
Accelerated Adoption of AI/ML
Emphasis on Skills-Based Hiring
Global Talent Sourcing Becoming Mainstream
Prioritization of Diversity, Equity, and Inclusion
Rise of Talent Marketplaces and Gig Economy
Immersive Experiences and Metaverse Hiring
Ecosystem Partnerships and Open APIs
Continuous Innovation and Agile Methodologies
Market Definition
Methodology
Related Research
Research Assistance
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