The “U.S. IT Staffing Market – Industry Outlook & Forecast 2024-2029″ report has been added to ResearchAndMarkets.com’s offering. The market was valued at USD 37.89 billion in 2023 and is expected to reach USD 52.21 billion by 2029, rising at a CAGR of 5.49%.
Market Overview:
- Current Market Value: USD 37.89 billion in 2023.
- Projected Growth: Expected to reach USD 52.21 billion by 2029 with a CAGR of 5.49%.
- Fragmentation: Highly fragmented market with low entry barriers.
- Innovation and Differentiation: Vendors focus on innovative and differentiated client offerings.
- Key Players: ASGN Incorporated, Experis (ManpowerGroup), Insight Global, Kforce, Randstad, and TEKsystems (Allegis Group).
- Adoption of AI: Increased demand for IT professionals due to AI-powered systems and machine learning.
- Skill-centric Staffing: Emphasis on connecting clients with professionals with specific skill sets.
- Specialization: Growth and profit for vendors focusing on STEM skill sets and industry-specific expertise.
- Southern U.S.: Dominated by Texas, Florida, Georgia, and Virginia, with favorable tax conditions and lucrative IT markets.
- Western U.S.: Growth in California, Utah, Washington, and Colorado, driven by awareness of IoT, AI, and ML technologies.
- Skilled Labor Shortage: Acute shortage of skilled workforce in the U.S. IT industry.
- Proactive Solutions: IT staffing firms need to maintain and update candidate databases frequently.
- By Skill Set: High demand for software engineers, developers, DevOps, and architects.
- By End-User: Tech/telecom industry holds the largest market share, driven by evolving technologies and better connectivity infrastructure.
The U.S. IT staffing market is poised for significant growth, driven by advancements in AI, specialized skill sets, and regional market dynamics. Despite challenges such as skilled labor shortages, the market outlook remains positive with substantial opportunities for vendors.
