THE COWEN INSIGHT
Talent acquisition tech represents the next major investable universe within human capital management with staying power in the public markets as a separate class of companies. Talent acquisition has become a top priority with growing acknowledgement that talent represents organizations’ most significant asset. The pandemic has introduced further challenges to already tight labor conditions globally. The need for more efficient and effective solutions is clear.
Given the significant market opportunity and broad ecosystem, we believe there is adequate support for a market comprising standalone talent acquisition vendors and HCM suite vendors. Talent Intelligence, People Analytics, Internal Mobility, Employer of Record, and DE&I solutions are among the more disruptive and high-growth areas.
A Unique Look at an Emerging HCM Sub-Sector
We believe that this report is unique in its aggregation and identification of trends in the highly fragmented talent acquisition market – a segment that we believe is ripe for disruption. Our aim is to provide a detailed sector primer as a roadmap for investors. The data and analysis herein are relevant to an emerging group of companies as well as to more established players in the HCM & ERP space.
Talent Acquisition Tech Represents the Next Major Investable Universe Within HCM
We believe talent acquisition tech represents the next major investable universe within human capital management with staying power in the public markets as a separate class of companies. This view is driven by several factors including:
- increasingly challenging labor market dynamics
- significant capital invested in the private markets
- a broad and fragmented ecosystem that can support numerous public players
- nascent software penetration in a process that remains highly manual, and accounts for a notable ~$200Bn of spending globally
Further, we believe there is growing acknowledgement amongst leaders that talent represents the most significant asset for their organization. This has led to increasing investments in solutions that aid in attracting, sourcing, and retaining talent.
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