"Executive Summary Digital Talent Acquisition Market Research: Share and Size Intelligence

Global digital talent acquisition market was valued at USD 48.95 billion in 2021 and is expected to reach USD 97.54 billion by 2029, registering a CAGR of 9.00% during the forecast period of 2022-2029.

The credible Digital Talent Acquisition report has estimations of CAGR values, which are very important for businesses in deciding upon the investment value over the time period. The report brings into focus studies about market definition, market segmentation, and competitive analysis in the market. The precise and state-of-the-art information delivered via this report helps businesses get aware of the types of consumers, consumers’ demands and preferences, their point of view about the product, their buying intentions, their response to a particular product, and their varying tastes about the specific product already existing in the market.

In this influential Digital Talent Acquisition report; a systematic investment analysis has been performed which forecasts impending opportunities for the market players. Competent data and brilliant forecasting techniques employed in this report are synonymous with accurateness and correctness. The statistical and numerical data that has been included in the report is represented with the tables, graphs, and charts which eases the understanding of facts and figures. Digital Talent Acquisition Market research report is a meticulous analysis of the existing scenario of the market, which covers several market dynamics. The market study of this report takes into consideration a market attractiveness analysis, where each segment is benchmarked based on its market size, growth rate, and general attractiveness.

Find out what’s next for the Digital Talent Acquisition Market with exclusive insights and opportunities. Download full report:
https://www.databridgemarketresearch.com/reports/global-digital-talent-acquisition-market

Digital Talent Acquisition Market Dynamics

Segments

- By Offering: Software, Services
- By Organization Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
- By Deployment Mode: Cloud, On-Premises
- By Application: Recruitment, Candidate Engagement, Candidate Assessments, Onboarding
- By End-User: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) and Telecom, Healthcare, Retail, Manufacturing, Government and Public Sector

The global digital talent acquisition market is segmented based on offering, organization size, deployment mode, application, and end-user. In terms of offering, the market is categorized into software and services. The software segment is expected to witness significant growth due to the increasing adoption of advanced recruitment technologies by organizations to streamline their talent acquisition processes. Based on organization size, the market is divided into small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is anticipated to dominate the market as these organizations have the financial resources to invest in digital talent acquisition solutions. On the basis of deployment mode, the market is segmented into cloud and on-premises. The cloud deployment mode is projected to experience substantial growth owing to its scalability and cost-effective nature. In terms of application, the market is classified into recruitment, candidate engagement, candidate assessments, and onboarding. The recruitment segment is expected to hold a significant market share as companies focus on attracting top talent efficiently. Lastly, based on end-user, the market is segmented into banking, financial services, and insurance (BFSI), information technology (IT) and telecom, healthcare, retail, manufacturing, and government and public sector.

Market Players

- Oracle
- IBM Corporation
- SAP SE
- Accenture
- ADP, LLC
- Cornerstone
- iCIMS
- Ultimate Software
- SAP Fieldglass
- Workday

Key market players in the global digital talent acquisition market include Oracle, IBM Corporation, SAP SE, Accenture, ADP, LLC, Cornerstone, iCIMS, Ultimate Software, SAP Fieldglass, and Workday. These players are focusing on strategic partnerships, collaborations, and product innovations to enhance their market presence and expand their customer base. With the increasing demand for digital talent acquisition solutions, these companies are investing heavily in research and development activities to offer advanced and customized solutions to meet the evolving needs of organizations across various sectors.

The global digital talent acquisition market is experiencing a significant transformation driven by technological advancements and the increasing digitalization of recruitment processes. One notable trend within the market is the rising adoption of artificial intelligence (AI) and machine learning algorithms to streamline candidate sourcing, screening, and selection. AI-powered recruitment tools are enabling organizations to analyze vast amounts of data to identify top talent efficiently, resulting in improved hiring outcomes and reduced time-to-fill vacancies. Additionally, the integration of automation technologies is revolutionizing recruitment tasks such as interview scheduling, candidate engagement, and onboarding, enhancing the overall efficiency of talent acquisition processes.

Moreover, the market is witnessing a shift towards mobile recruitment solutions to cater to the preferences of today's mobile-savvy workforce. Mobile recruiting applications are enabling candidates to search and apply for jobs conveniently from their smartphones, leading to enhanced candidate experience and increased engagement levels. Furthermore, the growing emphasis on employer branding and candidate relationship management is driving the demand for digital talent acquisition platforms that offer features such as personalized communication, talent communities, and feedback mechanisms to build strong employer-candidate relationships.

In terms of industry verticals, the BFSI sector is emerging as a key adopter of digital talent acquisition solutions due to the high demand for skilled professionals in areas such as data analytics, cybersecurity, and digital banking. The IT and telecom industry is also leveraging digital recruitment tools to address talent shortages in emerging technologies like cloud computing, artificial intelligence, and the Internet of Things (IoT). Furthermore, the healthcare sector is embracing digital talent acquisition platforms to attract healthcare professionals with specialized skills and certifications, thereby ensuring high-quality patient care and operational efficiency.

Moving forward, market players are likely to focus on enhancing the scalability, functionality, and security features of their digital talent acquisition solutions to meet the evolving needs of organizations in a highly competitive talent landscape. Strategic partnerships and collaborations with HR technology providers, recruitment agencies, and educational institutions are expected to drive innovation and create synergies that enable market players to deliver comprehensive and integrated talent acquisition offerings. Additionally, advancements in data analytics, predictive modeling, and candidate assessment technologies are poised to revolutionize talent acquisition strategies by enabling data-driven decision-making and proactive talent pipelining initiatives.The global digital talent acquisition market is witnessing substantial growth driven by the increasing adoption of advanced recruitment technologies across various industries. As organizations strive to attract and retain top talent efficiently, the demand for digital solutions that streamline the talent acquisition process is on the rise. Key market players such as Oracle, IBM Corporation, and SAP SE are investing in research and development activities to offer innovative and customized solutions to meet the evolving needs of organizations in a highly competitive talent landscape. Collaborations and strategic partnerships are playing a crucial role in expanding the market presence of these players and catering to a diverse customer base.

One of the notable trends in the digital talent acquisition market is the integration of artificial intelligence (AI) and machine learning algorithms to enhance candidate sourcing and selection processes. AI-powered recruitment tools enable organizations to analyze vast amounts of data swiftly, resulting in improved hiring outcomes and reduced time-to-fill vacancies. Automation technologies are also revolutionizing recruitment tasks, such as interview scheduling and candidate engagement, leading to increased efficiency in talent acquisition processes.

The shift towards mobile recruitment solutions is another significant trend in the market, as organizations recognize the importance of catering to the preferences of the mobile-savvy workforce. Mobile recruiting applications enable candidates to search and apply for jobs conveniently from their smartphones, enhancing the overall candidate experience and engagement levels. Employer branding and candidate relationship management are gaining importance, driving the demand for digital talent acquisition platforms that offer personalized communication and feedback mechanisms to build strong employer-candidate relationships.

In terms of industry verticals, the BFSI sector is a key adopter of digital talent acquisition solutions due to the high demand for skilled professionals in areas such as data analytics and cybersecurity. The IT and telecom industry is leveraging digital recruitment tools to address talent shortages in emerging technologies like cloud computing and artificial intelligence. Additionally, the healthcare sector is embracing digital talent acquisition platforms to attract healthcare professionals with specialized skills, ensuring high-quality patient care.

Looking ahead, market players are likely to focus on enhancing the scalability, functionality, and security features of their digital talent acquisition solutions to meet the evolving needs of organizations in a competitive talent landscape. Collaboration with HR technology providers, recruitment agencies, and educational institutions will drive innovation and create comprehensive talent acquisition offerings. Advancements in data analytics and predictive modeling are set to revolutionize talent acquisition strategies, enabling data-driven decision-making and proactive talent pipelining initiatives.

Track the company’s evolving market share
https://www.databridgemarketresearch.com/reports/global-digital-talent-acquisition-market/companies

Master List of Market Research Questions – Digital Talent Acquisition Market Focus

• What is the scope of the global Digital Talent Acquisition Market?
• What is the anticipated pace of growth for the Digital Talent Acquisition Market sector?
• What Digital Talent Acquisition Market segments are most profitable?
• Who are the powerhouses in the global Digital Talent Acquisition Market?
• What are the top-performing countries in the dataset for the Digital Talent Acquisition Market?
• What firms are ranked highest in revenue in Digital Talent Acquisition Market?

Browse More Reports:

Middle East and Africa Powder Coatings Market
Europe Psychedelic Drugs Market
Europe Radioimmunoassay Market
Europe Retort Packaging Market
Europe Shiitake Mushroom Market
North America Small-Scale LNG Market
Europe Small Scale Liquefied Natural Gas (LNG) Market
Asia-Pacific Small Scale Liquefied Natural Gas (LNG) Market
Nigeria Starch Processing Market
Asia-Pacific Vanilla (B2C) Market
Global 1, 3, 5-Tris (2-Hydroxyethyl) Isocyanurate Market
Global 3D Cone Beam Computed Tomography (CBCT) Systems Market
Global 3D Printing Gases Market
Global 3-Methyl-1 and 1-Diphenylurea (CAS 13114-72-2) Market
Global 900 Series Cooking Equipment Market

About Data Bridge Market Research:

An absolute way to forecast what the future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Contact Us:
Data Bridge Market Research
US: +1 614 591 3140
UK: +44 845 154 9652
APAC : +653 1251 975
Email:- corporatesales@databridgemarketresearch.com

 "