Talent Acquisition And Staffing Technology Market

Talent Acquisition & Staffing Technology & Services Market: Services Segment by Category Expected to Retain Its Dominance Through 2027: Global Industry Analysis & Opportunity Assessment 2017-2027

Impetus on recruitment marketing, culture, employee engagement and brand building to boost the marketing and advertising segment by category type

Brand building plays an important role in attracting the top talent in any organisation. The employer’s brand, values and the career progression they offer to their employees determine the quality of the employees joining the organisation. Moreover, employer branding is very important in the recruitment process as it ensures an effective cultural fit, greater productivity, higher rate of retention, higher employee engagement levels and greater bottom lines. Therefore, shaping the employer brand of the company provides it with an edge against competition.

Recruitment marketing or the pre-application phase of talent acquisition is the strategy an organisation needs to adopt to attract, engage, and nurture talent before they apply for the job. The most experienced hiring teams today leverage CRMs and other reporting and analytics tools to engage prospective candidates in the hiring process. Recruitment marketing and talent analytics are important components of high-performance talent acquisition that help ensure better segmentation of the candidate’s lists and nurturing the top talent in the organisation.

People analytics and social and mobile platforms fuel the development of the standalone ATS segment

Technology plays a crucial role in ensuring the effectiveness of the talent acquisition process. The use of mobile and social platforms and people analytics has exploded in the talent acquisition and staffing process in recent times with recruiters extensively using these platforms with cloud based technology for hiring and recruiting top talent across the board. HR departments across different organisations realise the potential of harnessing and analysing employees’ data and building predictive analytics models. Increasing adoption of technology such as mobile and video recruitment tools has led to an enhanced and developed talent acquisition process. Predictive analytics helps in finding the right candidates who are open to new opportunities while engagement analytics helps in engaging with the right candidate at the right time. Social media plays a key role in the talent acquisition process as it helps in identifying the prospective candidates’ interests, work proof, and networks.

Increasing implementation of modern sourcing technologies is the new trend that is creating a positive impact on the global talent acquisition and staffing technology and services market

Companies are committed to using modern and advanced technologies in attracting the right candidates. There are many modern tools such as career site branding technology and services, candidate relationship management tools and recruitment marketing platforms. Talent acquisition software helps organisations in leveraging video, social, and mobile technologies for managing the talent lifecycle. This lifecycle includes the development of talent pools, integrating marketing automation tools, screening of applicants, and on-boarding of applicants. Moreover, the growth of online staffing and job advertising via crowd sourced recruitment and job board aggregators respectively is driving the sourcing of top talent in the talent acquisition and staffing technology and services market.

global talent acquisition and staffing technology and services market

Services segment is expected to record a significantly high market attractiveness index during the forecast period

Among the different category types, the services segment is estimated to account for more than 65% value share in the global talent acquisition and staffing technology and services market by 2027 end, followed by the marketing and advertising segment at close to 25% value share. The marketing and advertising segment is projected to increase at Y-o-Y growth rates ranging from 5.1% to 6.1% over 2017–2027 and expand at a CAGR of 5.8% over the forecast period. This segment is expected to create absolute $ opportunity of US$ 15.0 Bn between 2017 and 2027. The technologies segment is expected to account for very little value share in the global talent acquisition and staffing technology and services market by 2027.

Report Introduction

Platform type segment holds significant potential in the global talent acquisition and staffing technology and services market. After understanding this segment’s importance, our analysts working in the ICT domain have focussed on its three types in a new report titled “Talent Acquisition & Staffing Technology & Services Market: Global Industry Analysis & Opportunity Assessment (2017-2027).” According to our analysts, the platform type segment is divided into social platforms, other internet platforms and internal referral platforms that are internal to the organisation. Social media platforms are likely to showcase a high growth opportunity in future as a large number of companies are changing their focus towards social media platforms for advertising and sourcing talent. Our analysts have observed that the global talent acquisition and staffing technology and services market is expected to expand at a modest CAGR during the forecast period.

Our tracking of the different regional markets has revealed that North America and Europe are expected to remain dominant regions in the global talent acquisition and staffing technology and services market. The growing use of cloud based integrated talent management suites, ATS and AI in sourcing and recruiting top talent is a factor likely to fuel revenue growth of the market in North America. Strengthening product portfolio by launching new products with improved characteristics by different software vendors such as LinkedIn, Oracle, IBM, and SAP for sourcing, applicant tracking, marketing, and on-boarding top talent is the top strategy adopted by key players in this market.

Report Structure

Primarily, we have focussed on highlighting the numerous developments that are likely to take place in the global talent acquisition and staffing technology and services market in the coming decade. Our analysts have studied the market extensively and have identified multiple drivers, restraints, and trends that are expected to influence the global talent acquisition and staffing technology and services market and consequently the business operations of the leading as well as second-in-line players functioning in the global talent acquisition and staffing technology and services market. Through extensive research, our analysts have studied how the different market dynamics are likely to impact the current environment and future scenario of the global talent acquisition and staffing technology and services market, thereby providing useful insights to market players to plan their differentiating strategies capable of evolving with the changing market landscape.

Market Taxonomy

By Platform Type

 

By Category Type

 

By Industry

 

By Regions

 

  • Social Platform

  • Other Internet Platform

  • Internet Referrals

  • Marketing & Advertising

    • Job Posting

    • Employer Branding

    • Recruitment Marketing

  • Technologies

    • Integrated ATS

    • Standalone ATS

    • Point Solution & Sourcing Tools

  • Services

    • RPO

    • Contingent Staffing Services

    • Background Screening

    • Other Search Services

  • Education

  • Manufacturing

  • BFSI

  • Healthcare

  • IT and Telecommunication

  • Energy, Resources and Utilities

  • Retail & Consumer Goods

  • Transportation and Logistics

  • Others

    • Government

    • Life Sciences

    • Media & Entertainment

  • North America

  • Asia Pacific excluding Japan

  • Western Europe

  • Eastern Europe

  • Latin America

  • Middle East and Africa

  • Japan

Research Methodology

We have leveraged secondary research extensively to ascertain the overall size of the global talent acquisition and staffing technology and services market and top industry players. In addition, our experienced team of analysts has gathered relevant market insights and data by speaking to key players in the global talent acquisition and staffing technology and services market and other key stakeholders based in various countries. We have then sliced and diced this massive amount of data gathered through primary and secondary research and validated it using different methods such as the triangulation method and have finally scrutinised the data using advanced tools to glean pertinent qualitative and quantitative insights into the global talent acquisition and staffing technology and services market.