IT Staffing Market

Executive Summary

IT Staffing Market was valued at US $34.32 billion in 2021 and is projected to grow at 5.59% CAGR over the forecast period to reach US $47.57 billion by 2027. IT Staffing Market represented US $3.54 billion opportunity over 2019-2021 and estimated to create US $13.25 billion opportunity in 2027 over 2021.

IT Staffing from Consainsights analyses the IT Staffing Market in the Technology & Media industry over the forecast period to 2027.

IT Staffing research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

IT Staffing segmentation includes Skill Set, End User Industry and Geography.

Based on the Skill Set, the IT Staffing analysis covers Software Developer, Testers, Systems Analyst, Technical Support Professionals, Networking and Security Experts, Other Skill Sets.

In Skill Set segment, Software Developer segment has highest cagr growth of 4.96%.

Based on the End User Industry, the IT Staffing analysis covers Telecom, BFSI, Healthcare, Manufacturing, Retail, Other End User Industries.

In End User Industry segment, Telecom segment has highest cagr growth of 4.96%.

Based on the region, the IT Staffing analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include TEKsystems Inc. (Allegis Group Holdings Inc.), ASGN Incorporated, Insight Global LLC, Randstad NV, Kforce Inc., Artech Information Systems LLC, Consulting Solutions International Inc., MATRIX Resources Inc., NTT DATA Corporation, Beacon Hill Staffing Group and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Skill Set

Introduction

In 2021, Software Developer segment has the highest revenue of US $15.08 billion and is expected to grow at CAGR of 4.96% by 2027 Software Developer segment has highest cagr growth of 4.96%.

Software Developer

Software Developer segment was valued at US $13.53 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $20.90 billion by 2027. Software Developer segment represented US $1.56 billion opportunity over 2019-2021 and estimated to create US $5.82 billion opportunity in 2027 over 2021.

Testers

Testers segment was valued at US $7.66 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $11.84 billion by 2027. Testers segment represented US $0.88 billion opportunity over 2019-2021 and estimated to create US $3.30 billion opportunity in 2027 over 2021.

Systems Analyst

Systems Analyst segment was valued at US $4.54 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $7.02 billion by 2027. Systems Analyst segment represented US $0.52 billion opportunity over 2019-2021 and estimated to create US $1.95 billion opportunity in 2027 over 2021.

Technical Support Professionals

Technical Support Professionals segment was valued at US $2.81 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $4.35 billion by 2027. Technical Support Professionals segment represented US $0.32 billion opportunity over 2019-2021 and estimated to create US $1.21 billion opportunity in 2027 over 2021.

Networking and Security Experts

Networking and Security Experts segment was valued at US $1.09 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $1.69 billion by 2027. Networking and Security Experts segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.47 billion opportunity in 2027 over 2021.

Other Skill Sets

Other Skill Sets segment was valued at US $1.15 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $1.77 billion by 2027. Other Skill Sets segment represented US $0.13 billion opportunity over 2019-2021 and estimated to create US $0.49 billion opportunity in 2027 over 2021.

End User Industry

Introduction

In 2021, Telecom segment has the highest revenue of US $13.44 billion and is expected to grow at CAGR of 4.96% by 2027 Telecom segment has highest cagr growth of 4.96%.

Telecom

Telecom segment was valued at US $12.05 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $18.62 billion by 2027. Telecom segment represented US $1.39 billion opportunity over 2019-2021 and estimated to create US $5.19 billion opportunity in 2027 over 2021.

BFSI

BFSI segment was valued at US $8.05 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $12.44 billion by 2027. BFSI segment represented US $0.93 billion opportunity over 2019-2021 and estimated to create US $3.47 billion opportunity in 2027 over 2021.

Healthcare

Healthcare segment was valued at US $4.36 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $6.74 billion by 2027. Healthcare segment represented US $0.50 billion opportunity over 2019-2021 and estimated to create US $1.88 billion opportunity in 2027 over 2021.

Manufacturing

Manufacturing segment was valued at US $3.28 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $5.07 billion by 2027. Manufacturing segment represented US $0.38 billion opportunity over 2019-2021 and estimated to create US $1.41 billion opportunity in 2027 over 2021.

Retail

Retail segment was valued at US $2.39 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $3.69 billion by 2027. Retail segment represented US $0.27 billion opportunity over 2019-2021 and estimated to create US $1.03 billion opportunity in 2027 over 2021.

Other End User Industries

Other End User Industries segment was valued at US $0.65 billion in 2019 and is projected to grow at 4.96% CAGR over the forecast period to reach US $1.01 billion by 2027. Other End User Industries segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.28 billion opportunity in 2027 over 2021.