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Worldwide Talent Acquisition Technologies and Services Forecast, 2017–2021

Worldwide Talent Acquisition Technologies and Services Forecast, 2017–2021

This IDC study provides a forecast for the worldwide talent acquisition and staffing technology and services market for 2017–2021.Major findings of this study are:In aggregate, the talent acquisition technology and services market is estimated to grow at a CAGR of 5.1% from 2016 to 2021 and reach $113.9 billion in 2021.Revenue for talent acquisition technologies — powered by the evolution of the applicant tracking system (ATS) into a more comprehensive talent acquisition platform and continued investment in best-of-breed point solutions — is estimated to grow at a CAGR of 14.6% from 2016 to 2021 and reach $6.8 billion in 2021.Revenue for talent acquisition services — including recruitment process outsourcing (RPO), contingent staffing services, search service, and background screening — is estimated to grow at a CAGR of 4.9% from 2016 to 2021 and reach $97.6 billion in 2021.Revenue for marketing and advertising in talent acquisition — including traditional job postings and newer strategies like employer branding — is estimated to grow at a CAGR of 2.0% from 2016 to 2021 and reach $9.4 billion in 2021."Talent acquisition is the most dynamic corner of human capital management and continues to evolve to embrace new technologies and service delivery models," said Kyle Lagunas, research manager of IDC's Emerging Trends in Talent Acquisition and Staffing program. "With business waning in some traditional subcategories and picking up in others, this market will continue to grow at a rate of 5.1% through 2021 — powered in large part by demand for new technologies, global sourcing strategies, and more sophisticated analytics."


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