24-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Digital Talent Acquisition Market By Skill Certification (Web Presentation, Data Management, AI Developers, Cloud Computing and Security), by Training Skill Certification (Internal, and External), By Enterprise Size (Small, Medium, and Large) for End Users (Insurance, Banking, Retail, IT & Telecom, Government & Defense, Services, Logistics, and Manufacturing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2026’’ states that the global digital talent acquisition market in 2019 was approximately USD 28.3 billion. The market is expected to grow at a CAGR of 10.27% and is anticipated to reach around USD 57.49 billion by 2026.
The integration of the analytical tools has created disruptions in the hiring process. These days, several recruiters are leveraging machine learning, big data analytics, and artificial intelligence platforms for hiring top and specific talents. They prefer new technologies to grow their connections with candidates and strengthen their employment brand. As the search of specific talent is a tough job so that some recruiters also sign an agreement with the skill certification providers.
Browse the full “Digital Talent Acquisition Market By Skill Certification (Web Presentation, Data Management, AI Developers, Cloud Computing and Security), by Training Skill Certification (Internal, and External), by Enterprise Size (Small, Medium, and Large) for End Users (Insurance, Banking, Retail, IT & Telecom, Government & Defense, Services, Logistics, and Manufacturing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2026" https://www.fnfresearch.com/digital-talent-acquisition-market-by-skill-certification-web-904
Upgradation of digital skills owing to the emergence of artificial intelligence and big data analytics are the prime factors driving the global digital talent acquisition market growth. Companies are upscaling their digital skills to attract a competitive advantage. However, lack of awareness for the digital skills hinders market growth. Nevertheless, increasing raw data generates an opportunity for the analytical skills to extract quality information that helps drive the business growth.
Growing preference for contingent labor management coupled with digital transformation is some of the key factors driving the growth of the global digital talent acquisition market. In addition, companies are growing their AI and cognitive platforms and with respect to that, they are pre-hiring the candidates. For instance, IBM offers AI talent management solution under IBM Watson and is hiring skilled professionals for the same. However, lack of awareness regarding digital talent is expected to hamper the growth of the digital talent acquisition market in the near future.
The global digital talent acquisition market is segmented on the basis of training type, skill certification, enterprise size, end-users, and regions. By skill certification, the market is classified into web presentation, data management, AI developers, cloud computing & security. App development, user interface design, and web development are the sub-classification of the web presentation segment. Further, the data management segment is again classified into big data, data analytics, and master data management. The data management segment is analyzed to grow with the highest CAGR in the forecast period. The highest growth of the segment is mainly owing to rising raw data from the media platforms and other sources and thus requires skilled professionals to extract valuable information and evaluate them. For instance, raw data generated from every minute searches on Google is over 3,607,080, text messages sent are 15,220,700, photos posted on Instagram are over 46,750. 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.
Based on geography, the global digital talent acquisition market is segmented into Asia Pacific, Latin America, North America, Europe, and MEA. North America held the major revenue share of the market in the year 2019 and projected to register the highest growth rate in the analysis period. USA and Canada are the major nations supporting the growth of the region. Europe witness significant market share in the global market. The market share is mainly accounted for the rising trend of cognitive recruitment in the UK, Germany, Spain, and France. According to the survey, the respondents in the UK, Spain, Germany, and France are prominently supporting the transformations in the hiring processes and largely supporting. The Asia Pacific is growing prominently in the forecast due to China, Japan, India, and other developing nations taking initiatives for upgrading their digital skills. Latin America and Middle East & Africa are the most lucrative markets.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 28.3 Billion |
Projected Market Size in 2026 |
USD 57.49 Billion |
CAGR Growth Rate |
10.27% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Oracle Corporation, IBM Corporation, SAP SE, Engaging Ideas Pvt. Ltd., Skillsoft Limited, The Training Associates Corporation, Accenture, Data Science Council of America, Hortonworks Inc., and BrainStation Inc. among others. |
Key Segment |
By Skill Certification, By Training Type, By Enterprise Size, By End-User, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The global digital talent acquisition market report profiles some of the significant players such as Oracle Corporation, IBM Corporation, SAP SE, Engaging Ideas Pvt. Ltd., Skillsoft Limited, The Training Associates Corporation, Accenture, Data Science Council of America, Hortonworks Inc., and BrainStation Inc. among others.
The report segments the global digital talent acquisition market as follows:
Global Digital Talent Acquisition Market: 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
Global Digital Talent Acquisition Market: Training Type Segment Analysis
Global Digital Talent Acquisition Market: Enterprise Size Segment Analysis
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Global Digital Talent Acquisition Market: End-User Segment Analysis
- Insurance
- Retail
- Banking
- IT & Telecom
- Government & Defense
- Services
- Logistics
- Manufacturing
Global Digital Talent Acquisition Market: Regional Segment Analysis
- North America
- 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
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