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Digital Talent Acquisition Market worth $56.57 billion by 2030, growing at a CAGR of 9.47% - Exclusive Report by 360iResearch

05-24-2024 03:05 PM CET | IT, New Media & Software

Press release from: 360iResearch

Digital Talent Acquisition Market | 360iResearch

Digital Talent Acquisition Market | 360iResearch

The "Digital Talent Acquisition Market by Training (External, Internal), Certification (AI Developers, Cloud Computing & Security, Data Management), Industry - Global Forecast 2024-2030" report has been added to's offering.

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"Expanding Digital Workforce and Advanced Hiring Technologies Propel Growth in Digital Talent Acquisition Market"

As companies increasingly incorporate technology into everyday business practices, the need for proficient digital workers is surging, prompting advancements in digital talent recruitment strategies. Governments around the globe are also fueling this trend by endorsing digital skills training and job creation through supportive policies and fiscal incentives, thereby expanding the workforce pool and enticing businesses to hire technology-savvy employees. Moreover, the technology and IT sectors are experiencing growth, necessitating continuous employment of specialized roles in areas such as cybersecurity, cloud computing, and artificial intelligence. This demand has spurred collaborations and mergers among digital recruitment firms, enhancing recruitment effectiveness through innovative technologies like AI-driven tracking systems. Additionally, the integration of automation tools is revolutionizing hiring processes across industries by optimizing task efficiency and reducing hiring durations. Digital methods, offering cost efficiencies and wider geographical reach, are steadily replacing traditional recruitment approaches. Lastly, regulatory support for remote and freelance work arrangements is broadening global recruitment opportunities, providing businesses access to an extensive digital talent network, thereby supporting the robust growth of the digital talent acquisition market.

"Exploring Challenges in Digital Talent Acquisition: Standardization, Cost, and Compatibility Issues"

In the evolving landscape of digital talent acquisition, several barriers are impacting market growth. The lack of standardization in technologies poses significant challenges, leading to incompatible systems across various organizations, which complicates implementation and curbs scalability. Additionally, advanced digital tools, essential for modern recruitment strategies, often come with prohibitive costs that can deter smaller enterprises from adopting them. Many organizations still opt for traditional or less sophisticated methods due to their lower cost and familiar frameworks, thus inhibiting the adoption of newer, more efficient systems. Furthermore, integration and compatibility issues with existing HR systems present further obstacles, increasing costs and leading to operational delays. Also, concerns about the immediate effectiveness of digital recruitment methods can lead to hesitancy, slowing down the adoption of innovative technologies. These issues collectively signify critical restraints in the growth of the digital talent acquisition market.

"Key Drivers Shaping the Future of Digital Talent Acquisition"

In today's dynamic employment landscape, digital talent acquisition is evolving rapidly, driven by significant technological and societal shifts. Enhancements in Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing candidate screening processes, allowing for more efficient, precise recruitment strategies and data-driven decision-making. Additionally, the rise of remote work facilitates virtual recruitment, enabling employers to access a global talent pool and implement streamlined, digital onboarding techniques. Partnerships between academia and software developers are also creating bespoke tools tailored to industry-specific needs. Moreover, supportive government policies on digital transformation and an influx of investments in HR tech start-ups are catalyzing the development of innovative, scalable hiring solutions. The shift toward cloud-based technologies further democratizes access to advanced recruitment tools, offering flexible, cost-effective options for businesses of all sizes. Meanwhile, collaborations between the public and private sectors are extending the reach of sophisticated recruitment technologies, enhancing public employment services. These converging factors are setting a robust foundation for the continued growth and transformation of the digital talent acquisition sector.

"Navigating the Challenges of Modern Digital Talent Acquisition Strategies"

In the rapidly evolving digital talent acquisition landscape, organizations face numerous hurdles, including the technical complexities of integrating cutting-edge recruiting technologies, which often struggle with system compatibility and require substantial support. Additionally, a critical shortage of skilled professionals versed in these digital tools hampers effective utilization and growth. The presence of counterfeit products introduces significant risks, compromising the integrity and security of digital recruitment processes. Environmental concerns also emerge from the substantial energy demands and electronic waste generated by digital solutions, necessitating sustainable practices. Furthermore, the swift pace of technological change demands continual updates, posing challenges in adaptability and strategic alignment within organizations. These multifaceted challenges underline the need for meticulous planning and flexibility in the modern approach to talent acquisition.

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Market Segmentation & Coverage:

This research report categorizes the Digital Talent Acquisition Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Training, market is studied across External and Internal.

Based on Certification, market is studied across AI Developers, Cloud Computing & Security, Data Management, and Web Presentation. The Data Management is further studied across Big Data & Master Data Management and Data Analytics. The Web Presentation is further studied across App Development, User Interface Design, and Web Development.

Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Key Company Profiles:

The report delves into recent developments in the Digital Talent Acquisition Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., AppCast Inc., Automatic Data Processing, Inc., Avature Limited, Bullhorn, Inc., Capgemini SE, Cloudera, Inc., Cornerstone OnDemand, Inc., Darwinbox Digital Solutions Private Limited, First Advantage, Greenhouse Software, Inc., iCIMS, Inc., International Business Machines Corporation, Manatal.Co.Ltd, MEM Digital, Mercer LLC, Microsoft Corporation, Oorwin Labs Inc., Oracle Corporation, Paycom Software, Inc., Paylocity Holding Corporation, Salesforce, Inc., SAP SE, Sense Talent Labs, Inc., Skillsoft Corporation, UKG Inc., Workable Technology Limited, Workday, Inc., and Zoho Corporation Pvt. Ltd..

Introducing ThinkMi Query: Revolutionizing Market Intelligence with AI-Powered Insights for the Digital Talent Acquisition Market

We proudly unveil ThinkMi Query, a cutting-edge AI product designed to transform how businesses interact with the Digital Talent Acquisition Market. ThinkMi Query stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi Query is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it's a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Digital Talent Acquisition Market. Embrace the future of market analysis with ThinkMi Query, where informed decisions lead to remarkable growth.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digital Talent Acquisition Market, by Training
7. Digital Talent Acquisition Market, by Certification
8. Digital Talent Acquisition Market, by Industry
9. Americas Digital Talent Acquisition Market
10. Asia-Pacific Digital Talent Acquisition Market
11. Europe, Middle East & Africa Digital Talent Acquisition Market
12. Competitive Landscape
13. Competitive Portfolio

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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