IT Staffing Market Emerging Trend and Advancement Outlook 2020-2025

The Global IT Staffing Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025.

The report provides a unique tool for evaluating the IT Staffing Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends to identify emerging technologies and development and focuses on market capacities and on the changing structure of the IT Staffing Industry.

The IT Staffing Market is expected to grow at a CAGR of 3.66% over the forecast period.

Market Overview:

The growth of the market can be attributed to the increasing Outsourcing of HR activities and the emergence of technologies like AI and IoT, which is expected to create demand for IT professionals across end-user segments.

Top Companies:  TEKsystems Inc. (Allegis Group Holdings Inc.), ASGN Incorporated, Insight Global, LLC, Randstad NV, Kforce Inc., Artech Information Systems llc, Consulting Solutions International, Inc., MATRIX Resources, Inc., NTT DATA Corporation, Beacon Hill Staffing G

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According to global staffing giant TEKsystems, 69% of tech companies are expected to have AI initiatives by 2020. The company also adds that at least 85% of organizations across end-user segments have digital transformation initiatives underway. This is expected to generate enormous opportunities for the market.

The growing use of analytics in recruitment is expected to proliferate the need for specialized HR services. According to a recent Linkedin report, at least 92% of professionals consider analytics to be the key to recruitment in India.

- The market is expected to be impacted by the outbreak of the COVID -19 pandemic in multiple ways. The slowdown in recruitments across the globe has affected the IT industry as well and hence has somewhat affected the market studied.

- However, firms across end-user segments are migrating to cloud to continue delivering a solution to their clients and ensure continuity of critical operations. According to Microsoft 365, the company has seen a massive 775% increase in the use of its cloud services. This has led to a significant spike for cloud and cybersecurity professionals.

Key Market Trends

Telecommunication End- User Segment is Expected to Generate Considerable Demand

- AI-driven analytics are also helping telecom provide better services by utilizing data, and machine learning techniques. For instance, US-based AT&T is using AI-driven analytics solution to support its maintenance procedures. The company is testing a drone to expand its LTE network coverage and to utilize the analysis of video data captured by drones for tech support and maintenance of its cell towers. The integration of analytics with telecom industry is expected to further proliferate the need for analytics professionals.

- In September 2019, India-based Reliance Jio collaborated with US-based Guavus, to deploy AI-based solution for real-time customer experience analytics. The company also plans to automate network troubleshooting like other players in the industry. This is expected to further expand the avenues of IT applications in Telecommunication.

- According to Ericsson and GSA survey, the rapid 5G deployment lead to 13 billion subscription expected by the end of 2019. This is expected to further generate need for IT professionals in this vertical.

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Asia - Pacific is Expected to be the Fastest Growing Market

Asia - Pacific continues to be the leading IT services market in the globe. The companies in the region contnue to invest in new resources that have the right skill sets. The hiring at top four IT companies (Tata Consulting Services, Infosys, Wipro, and HCL Technologies) of India in 2019 hit an eightyear high of 78,500. The continually increasing need for proper resources across the region is expected to create significant opportunities for the market studied.

- The Government of China has unvealed a plan to foster research in AI and become a market leader in such technologies by 2030. The Chinese Ministry of Education also plans to 50 AI research centers by 2020. This is expected to create huge demand for analytics professionals in the country.

- The Japanese government has announced their national Big data strategies- The Integrated ICT Strategy for 2020 with an aim to develop country’s new national IT strategy with an open public data as its core during 2013–2020 in order to promote Japan as the country with the world’s highest standards in the extensive use of data analytics in the information technology industry. Such initiatives are expected to further augmnent market expansion.

Competitive Landscape

The IT Staffing Market is fragmented market. Several players operate in the market serving the needs of various end user segments. The growth of opportunities offredd by the market continues to attract new players across geographies. Some of the recent developments of the market are as follows:-

- Nov 2019 - Toptal announced the launch of Staffing.com that would facilitate conversations regarding technologies that increase the efficiency of staffing, growth of remote work and the future of procurement and staffing at large enterprises. 

Significant Features that are under Offering and Key Highlights of the Reports:

-Detailed overview of IT Staffing Market
-Changing IT Staffing market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected IT Staffing market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of IT Staffing Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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