Markets and Trends

The Talent Acquisition Tech Market at a Glance

Explore the functionalities driving talent acquisition tech innovation and see how the market is evolving through mergers, acquisitions & partnerships with IDC.
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The talent acquisition market has always been a highly competitive one, and IDC’s latest Market Glance continues to show how many options buyers have in this market. From true applicant tracking systems to marketing and advertising platforms, through to services (including contingent staffing and job posting), there is a lot for enterprises to choose from.

IDC 2021 Market Glance: Talent Acquisition

There are a few attributes and elements that organizations are prioritizing in their talent acquisition strategies – and therefore need from their solutions:

Ease of Use and Automation

Ease of use critical for recruiters, hiring managers, and candidates. As new features continue to emerge at a rapid pace, it is important to keep user experience at top of mind to ensure adoption of those features.

Automation continues to be leveraged in the go-to-market approach of elevating the recruiting function within organizations. The ability to mitigate time consuming administrative tasks gives opportunity for TA professionals to be more strategic in their primary roles.

Artificial Intelligence (AI) and Machine Learning (ML)

AI/ML continue to serve as key differentiators for best-in-class talent acquisition capabilities. ATS vendors, point solutions, internal mobility, and talent marketplaces, and others are touting AI/ML capabilities to support smarter recruiting decisions from a skills match and diversity, equity, and inclusion (DEI) perspectives.

Diversity, Equity, and Inclusion (DEI)

Diversity, equity, and inclusion remain in the forefront of organizations’ recruiting efforts for 2021.

Talent acquisition vendors are creating increasingly detailed DEI analytics and strategies specific to industries and regions, powered through AI and automated functions. Some examples of these functions include masking and hiring panel selection.

Learn more about the functionalities driving talent acquisition tech innovation, and explore how mergers and acquisitions are transforming the market with IDC’s full Market Glance:

IDC