The US IT Staffing Market Is Expected To Reach Around $39 Billion By 2024, Growing At A CAGR More Than 3% During 2020–2024

Shibuya-ku, Tokyo, Japan, Japan, Feb 03, 2021, 04:49 /Comserve / -- Major vendors in the market are TEKsystems (Allegis Group), ASGN Incorporated, Insight Global, Randstad, Kforce

The US IT staffing market is expected to reach around $39 billion by 2024, growing at a CAGR more than 3% during 2018–2024. A resurgent US economy, along with consistently low staffing levels is a major factor for IT staffing firms. Further, high billing rates and increasing use of social media recruitment platforms are major drivers driving millennials toward top-notch IT jobs. As modern-day job aspirants –millennials are tech-savvy and are adept at the social media websites; they prefer unconventional modes for job recruitments. US IT staffing market is driven by the evolving IT industry, technological advancements, and investments. Increased revenue opportunities are projected to drive the IT recruitment sector.

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Major vendors in the market are

• TEKsystems (Allegis Group)
• ASGN Incorporated
• Insight Global
• Randstad
• Kforce

Key Vendor Analysis:

The US IT staffing market is one of the most highly fragmented markets across the diverse verticals of staffing. The market majorly depends on improving US economy. It has comparatively low entry barriers that push vendors toward project innovation and differentiation. Vendors try to gain an edge over their competitors through differentiated offerings, which could be an efficient applicant tracking system or a region-specific market expansion strategy.

US IT Staffing Market: Segments

This market research report includes a detailed segmentation of the market by skill sets and end-users.
The US IT staffing market by skill sets majorly includes software engineers/developers/DevOps, project managers, business/system analysts, software architects, QA/testers, networking and security experts, data analytics and cloud computing scientists, mobile applications developers. The software engineers/developers/devOps segment accounted for the highest revenue in the IT job market in 2018. The demand for software engineers, mobile application developers, and software architects remained high in 2018. DevOps is another crucial skill set, which helps in the automation of software development and IT operations.

The US IT staffing market by end-users is divided into tech/telecom, BFSI, healthcare, manufacturing, and others (pharma/biotech/medical devices, government, public administration, retail, energy, transportation, and warehousing). The US IT staffing market in the US by tech/telecom industry is expected to grow at a CAGR of around 3% during the forecast period.
The telecom industry is actively looking for trained IT professionals for running IoT and upcoming 5G technology and working for cross-industry associations such as mPayment and mHealth. Cloud computing, IT support skills, networking, programming knowledge, and cybersecurity are key skill sets, which are expected to witness demand in the coming years.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Skill Set
4.4.2 Market Segmentation by End-users
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The report considers 2018 as the base year and provides in-depth information about the existing market growth enablers, restraints, and trends. It also features details and information about recent IT advancements in the staffing market, skill set demand, and technologies used in the US IT staffing market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91442

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

Key Market Insights

1. Offers market sizing and growth prospects of the US IT staffing market for the forecast period 2019−2024
2. Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the US IT staffing market
3. Includes a detailed analysis of market growth drivers, challenges, and investment opportunities
4. Delivers a complete overview of market segments and the regional outlook of the US IT staffing market
5. Offers an exhaustive summary of the vendor landscape, competitive analysis, and critical market strategies to gain a competitive advantage in the US IT staffing market

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