Digital Talent Acquisition Market Size, Share Global Analysis Report, 2020-2026

Industry Insights

The digital talent acquisition market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire digital talent acquisition market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the digital talent acquisition industry. The report analyzes and declares the historical and current trends analysis of the digital talent acquisition industry and subsequently recommends the projected trends anticipated to be observed in the digital talent acquisition market during the upcoming years.

Key Insights from Primary Research

• As per our primary analysis, the global digital talent acquisition market is  expected to reach around USD 58 billion in 2026
• North America emerged as a leading regional market for the global digital talent acquisition market in 2019 and accounted for over 43% of the revenue share.
• Asia Pacific is expected to North American market by 2026 owing to rising demand from small enterprises and medium enterprises from the region
• The data management segment is the most opportunist skill certification segment
• According to our respondents, the growing preference of contingent labor management paired with digital transformation are some of the key factors driving the growth of the global digital talent acquisition market in near future.

Key Recommendations from Analysts

• As per our analysts, digital talent acquisition market revenue was around USD 28 billion in 2019.
• The data management segment is expected to grow at the highest CAGR of 13.29% in the skill certification segment
• In the digital talent acquisition market, the banking and IT & telecom service end-user segment held the majority of revenue share in 2019
• Our analysts believe that the use of digital technology in the acquisition of talent is still evolving, and companies using alliances and outside resources are better prepared to embark on a digital journey.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the digital talent acquisition industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the digital talent acquisition industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the digital talent acquisition market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the digital talent acquisition industry. The digital talent acquisition market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the digital talent acquisition sector. Key strategic developments in the Digital Talent Acquisition market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the digital talent acquisition market are appropriately highlighted in the report.

By geography, the global digital talent acquisition market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the majority of the revenue share in the global digital talent acquisition market for the year 2018 coupled with the highest growth rate in the forecast period. The main reason behind the significant growth is the rise in data volume and thus surge in the demand of skilled professionals in data analytics, and other emerging technologies. As per the LinkedIn survey on fastest-growing jobs in USA machine learning and data scientist jobs have shown significant growth in the past five years with 9.8% and 6.5% respectively. Similarly, the U.S. Bureau of Labor Statistics (BLS) has reported the total population of web developers accounted for in the year 2018 was 162,900 and expected to witness a cumulative growth of 13% in the projected years.

The Asia Pacific registers significant growth in the global digital talent acquisition market during the forecast period. The primary factors responsible for the high growth rate in the Asia Pacific are increasing investment in startups and research & development activities by various industries. As per EdTech, China is a rapidly growing nation in the startup revolution. In the year 2014 total startups from China were 14% of the global startups and the number has grown to 35% in the year 2018. In addition, China is also increasing its knowledge production in AI and Blockchain technology. Not only China but other nations such as Japan and India are also registering significant growth in knowledge production. According to a survey by Deloitte, India is the most popular country favoring digital talent acquisition growth as 89% of the respondents have rated the cognitive recruitment trend to be an important tool in hiring processes.

The digital talent acquisition market research report delivers an acute valuation and taxonomy of the digital talent acquisition industry by practically splitting the market on the basis of different detection, end-use, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the digital talent acquisition industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the digital talent acquisition industry is provided for the leading economies of the world.

The digital talent acquisition market is segmented based on skill certification, training type, enterprise size, end-user. Based on training type, the global digital talent acquisition market is categorized into internal, and external. Small, medium and large are the enterprise type segments. At last, on the basis of end-users the global digital talent acquisition market is classified into insurance, banking, retail, IT & telecom, government & defense, services, logistics, and manufacturing.

Report Scope

Some of the essential players operating in the digital talent acquisition market, but not restricted include: 

•  Oracle Corporation
•  IBM Corporation
•  SAP SE
•  Engaging Ideas Pvt. Ltd.
•  Skillsoft Limited
•  The Training Associates Corporation
•  Accenture
•  Data Science Council of America
•  Hortonworks Inc.
•  BrainStation Inc.

The taxonomy of the digital talent acquisition industry by its scope and segmentation is as follows:

Skill Certification Segment Analysis

• Web Presentation
  • App Development
  • User Interface Design
  • Web Development
• Data Management
  • Big Data
  • Data Analytics
  • Master Data Management
• AI Developers
• Cloud Computing & Security

Training Type Segment Analysis

• Internal
• External

Enterprise Size Segment Analysis

• Small Enterprises
• Medium Enterprises
• Large Enterprises

End User Segment Analysis

• Insurance
• Retail
• Banking
• IT & Telecom
• Government & Defense
• Services
• Logistics
• Manufacturing

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa