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Market Snapshot

CAGR:8.23

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.23

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Report Overview

IT Staffing Market Analysis Report 2023-2032

The IT Staffing Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 6.92% from 2022 to 2032. This growth is projected to result in a market size expansion of USD 677.89 billion. The IT Staffing industry's growth is driven by factors such as the increasing demand for skilled IT professionals, technological advancements, and the growing adoption of remote and flexible work arrangements.

IT Staffing Market Overview

Drivers

The growth of the IT Staffing market is fueled by the rapid pace of technological innovation and the need for specialized IT expertise. Organizations across industries require skilled IT professionals to develop, manage, and support their digital transformation initiatives.

Furthermore, the rise of remote work and gig economy trends contributes to the market's growth. IT staffing services provide companies with the flexibility to access on-demand talent, fill skill gaps, and adapt to changing project requirements.

Trends

The utilization of artificial intelligence (AI) and data analytics in IT staffing processes and the emergence of skill-based hiring are key trends in the IT Staffing market. AI-driven platforms enable more efficient candidate sourcing, matching, and screening, enhancing the recruitment process's speed and accuracy.

Moreover, skill-based hiring focuses on candidates' capabilities and potential rather than traditional qualifications. Companies are shifting toward assessing candidates' practical skills and ability to contribute to projects effectively.

Restraints

The scarcity of highly skilled IT professionals and the increasing competition among staffing firms pose challenges in the IT Staffing market. As technology evolves, the demand for specialized skills in areas like cloud computing, cybersecurity, and data science outpaces the supply of qualified professionals.

Additionally, ensuring a diverse and inclusive workforce remains a challenge. Addressing bias in recruitment processes and fostering an environment that values diversity is essential for industry growth.

IT Staffing Market Segmentation By Application

Among the application segments, the Temporary Staffing segment is expected to witness significant growth during the forecast period. Temporary IT staffing provides companies with the flexibility to hire specialized talent for short-term projects or to address seasonal fluctuations.

Moreover, the Permanent Staffing segment is also on the rise. Permanent placements involve recruiting full-time IT professionals who become long-term assets to organizations.

IT Staffing Market Segmentation By Type

Within the IT Staffing type segment, the Technical Staffing segment is expected to play a significant role in market growth. Technical staffing focuses on providing IT professionals with specialized technical skills, including software development, database administration, and network engineering.

Additionally, the Professional Staffing segment remains relevant. Professional staffing involves recruiting IT professionals for roles such as project management, business analysis, and IT consulting.

Regional Overview:

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North America is projected to be a major contributor to the global IT Staffing market growth, accounting for approximately 50% of the market share during the forecast period. The region's leadership is attributed to its thriving technology ecosystem, the presence of leading tech companies, and the dynamic nature of the IT industry.

The Asia-Pacific region is also witnessing significant growth, driven by increasing technology adoption, digital transformation initiatives, and the rise of tech startups. Additionally, outsourcing and offshoring trends contribute to market expansion.

The IT Staffing market gained prominence as organizations seek to tap into external talent pools to support their technology initiatives. The COVID-19 pandemic further accelerated the adoption of remote work and highlighted the importance of a flexible workforce.

IT Staffing Market Customer Landscape

The IT Staffing market report encompasses an analysis of the customer landscape, from technology enterprises to startups and small businesses. It delves into adoption rates across industries, providing insights into customer preferences and trends. Additionally, the report identifies key factors influencing talent acquisition strategies, aiding businesses in devising effective growth strategies.

Major IT Staffing Market Companies

Companies in the IT Staffing market are implementing various strategies to enhance their market presence, including building talent networks, leveraging AI in candidate selection, and focusing on upskilling and reskilling initiatives.

Robert Half International Inc.: Robert Half offers IT staffing and consulting services, connecting companies with skilled IT professionals for temporary and full-time roles. The company emphasizes personalized candidate matching and career development.
Randstad N.V.: Randstad is a global staffing and workforce solutions provider. The company offers IT staffing services that encompass temporary, permanent, and project-based placements, catering to diverse client needs.
Tech Mahindra Ltd.: Tech Mahindra is an IT services company that offers staffing and recruitment services to clients worldwide. The company leverages its IT expertise to identify and place suitable candidates in various technical roles.

The competitive landscape analysis in the report offers comprehensive insights into market players, assessing their strengths, weaknesses, and positioning. The qualitative and quantitative data aids in categorizing companies based on their focus and dominance in the market.

Segment Overview

The IT Staffing market report forecasts revenue growth at global, regional, and country levels and provides a comprehensive analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Billion, 2019 - 2032)

Temporary Staffing
Permanent Staffing

Type Outlook (USD Billion, 2019 - 2032)

Technical Staffing
Professional Staffing

Geography Outlook (USD Billion, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
India
Japan
Rest of APAC

South America

Brazil
Argentina
Chile
Rest of South America

Middle East & Africa

United Arab Emirates
South Africa
Saudi Arabia
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL IT Staffing MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition `

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. IT Staffing MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. IT Staffing Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. IT Staffing MARKET BY Skill set SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Software Developer

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Testing

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Systems Analyst

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. IT Staffing MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Telecom

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 BFSI

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Healthcare

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. IT Staffing MARKET REGIONAL OUTLOOK

7.1. IT Staffing Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America IT Staffing Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America IT Staffing Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America IT Staffing Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America IT Staffing Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America IT Staffing Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 TEKsystems Inc. (Allegis Group Holdings Inc.)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Kforce

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 ASGN Incorporated

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Randstad NV

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Insight Global

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 LLC

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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It Staffing Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032