A talent management system (TMS) is a comprehensive software platform that enables organizations to streamline and automate essential talent management processes. These procedures cover a wide range of topics, including hiring, on-boarding new employees, performance evaluation, learning and growth, pay administration, and succession planning. The TMS combines these operations into a single framework to offer a centralised and effective method of managing a company's talent pool.The analytics and reporting features of Global Talent Management Software frequently offer insights into talent metrics, performance trends, training effectiveness, and other pertinent data. This aids businesses in making data-driven decisions and assessing the results of their talent management programmes. Software for talent management can be accessed via cloud-based platforms or as on-premises solutions. It facilitates organisation’s talent management procedures.

The Global Talent Management Software Market is driven by several key factors that contribute to its growth and expansion. First off,the increasing demand for real-time employee engagement across various industries is the main factor driving the market. Companies are seeking Global Talent Management Software solutions as they increasingly understand the value of actively engaging their workforce. The market is also being driven by an increase in the integration of talent management features with social platforms. These capabilities allow businesses to use social media for talent management, which will increase the use of Global Talent Management Software.

Another main factors propelling the Global Talent Management Software market is the need to simplify the hiring process. Companies in all industries are realising more and more how crucial it is to streamline their hiring processes in order to successfully recruit and retain top talent. A significant market demand for Global Talent Management Software solutions that can optimise and streamline the hiring process has been generated by this growing awareness.

There are a variety of challenges that the Global Talent Management Software market must overcome before it can expand and become widely used. The complexity of integrating the software with current HR systems is one of the main difficulties. Numerous HR systems, including payroll and HRIS, are frequently used by organisations, and ensuring seamless integration and data synchronisation can be a challenging and time-consuming process. Another challenge is User adoption and change management present. Employees may struggle to adopt the new system as new Global Talent Management Software implementation necessitates organisational change. To overcome these obstacles and guarantee successful implementation, adequate user training and support are imperative.

The Global Talent Management Software Market has been significantly impacted by the COVID-19 pandemic. Organizations used Global Talent Management Software more and more to manage their dispersed workforce as remote work suddenly became the norm and virtual collaboration became necessary. This included resources for remote on-boarding, managing performance, and encouraging employee participation. The pandemic also brought attention to the value of employee wellbeing, which led to a focus on wellness initiatives and feedback systems made possible by Global Talent Management Software. Companies adopted virtual recruitment procedures and video interviews, which changed hiring and recruitment practises.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as;15Five (U.S.), Applied Training Systems, Inc. (Trakstar) (U.S.), BambooHR LLC (U.S.), Cornerstone OnDemand (Saba Software, Inc.) (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), Sage Group plc (U.K.), SAP SE (Germany), Talentsoft (France), Workday, Inc. (U.S.).

By Type: Based on the Type, Global Talent Management Software Market is segmented as; Compensation Management, Learning Management, Performance Management, Talent Acquisition.

By Enterprise Type: Based on the Enterprise Type, Global Talent Management Software Market is segmented as; Large Enterprises, Small and Medium Enterprises (SMEs)

By Deployment: Based on the By Deployment, Global Talent Management Software Market is segmented as; Cloud, On-Premise.

By End-User: Based on the End-User, Global Talent Management Software Market is segmented as; BFSI, Education, Government, Healthcare, IT and Telecommunication, Manufacturing, Others (Retail, M&E).

By Region: This report also provides the data for key regional segments ofAsia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.