Worldwide Talent Acquisition Technologies and Services Forecast, 2024-2028

Description

This IDC study provides a forecast for the talent acquisition technologies and services market from 2024 to 2028, providing revenue data for the global market segmented by region."The race to reimagine talent acquisition is off to an explosive start. Vendors are furiously jockeying for position, vying to cross the finish line as leaders in this radical shift," said Alicia Mokwa, research director, Talent Acquisition and Strategy, IDC. "With AI and skills-based hiring setting a relentless pace, the playing field is being upended before our very eyes. Complacency means being outpaced and left in the dust. Those who move swiftly, break from traditional norms, and embrace innovation as a workforce imperative will taste victory. In this headlong charge, the stakes are high - evolve or be rendered obsolete. The talent revolution has begun, and it's a sprint, not a marathon. Place your bets, for the future belongs to the bold and the agile."

Product Code: US52319724

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Embrace AI and Machine Learning
Prioritize Skills-Based Hiring
Build Global Talent Sourcing Capabilities
Champion Diversity, Equity, and Inclusion
Reimagine the Candidate's Experience
Expand into Contingent Workforce Solutions
Foster a Partnership Ecosystem
Develop for the Metaverse

Market Forecast

Market Context

Rise of Intelligent Hiring Platforms
Emphasis on Skills-Based Hiring
Global Talent Sourcing and Remote Hiring
Diversity, Equity, and Inclusion
Integration of Talent Marketplaces
Emphasis on Candidate Experience
Drivers and Inhibitors
- Drivers
  - Workforce Planning Strategies
  - Compliance and Security Concerns
  - Focus on Diversity, Equity, and Inclusion Boundaries
- Inhibitors
  - Global Talent Pools
  - Workforce Upskilling/Reskilling Bottlenecks
Significant Market Developments
Changes from Prior Forecast
- Accelerated Adoption of AI/ML
- Emphasis on Skills-Based Hiring
- Global Talent Sourcing Becoming Mainstream
- Prioritization of Diversity, Equity, and Inclusion
- Rise of Talent Marketplaces and Gig Economy
- Immersive Experiences and Metaverse Hiring
- Ecosystem Partnerships and Open APIs
- Continuous Innovation and Agile Methodologies