Talent Management Software Market Growth, Size, Trends, Scope, Revenue and Future Outlook
Talent Management Software Market Size- By Type, By Enterprise Type, By Deployment, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2023 | Report ID: IACT23133 | Pages: 1 - 238 | Formats*: |
| Category : Information & Communications Technology | |||
Talent Management Software Market Introduction and Overview
According to SPER Market Research, the Global Talent Management Software Market is estimated to reach USD 29.50 billion by 2033 with a CAGR of 12.74%.
The report includes an in-depth analysis of the Global Talent Management Software Market, including market size and trends, product mix, distribution channels, and supplier analysis. Global Talent Management Software refers to a type of software solution designed to assist organizations in effectively managing their human resources and talent-related processes. It offers a centralized platform that integrates various tools and functionalities to streamline and automate crucial talent management processes, such as hiring, performance management, learning and development, succession planning, and employee engagement. By managing job postings, collecting and tracking applications, conducting candidate assessments, and facilitating communication with applicants, these tools help streamline the hiring process.
- Demand for streamlining the hiring process: The market for Global Talent Management Software is significantly driven by the need to simplify the hiring process. Companies from all sectors are becoming more aware of the need to streamline their hiring procedures in order to efficiently attract and hire top talent.
- Evolving Workforce Dynamics: Organizations are managing a more diverse and widely dispersed workforce as a result of the emergence of the digital age and shifting workforce demographics. In order to support efficient talent management across various locations and work arrangements, Global Talent Management Software includes features like remote access, mobile capabilities, and collaboration tools.
Market Opportunities and Challenges
Increasing Demand for Talent Management: Significant market opportunities for Global Talent Management Software are being created by the increasing awareness of the significance of effective talent management in organisations. There is a need for comprehensive software solutions that can streamline and optimise talent management procedures as businesses work to attract, develop, and retain top talent.Technological Advancements: Technological innovations like artificial intelligence, machine learning, and data analytics, which are advancing quickly, present opportunities for new features and functionalities in Global Talent Management Software. These technologies can improve learning and development, performance management, employee engagement, and recruitment procedures, giving organisations a competitive edge.
- Integration Complexity: It can be difficult and complicated to integrate Global Talent Management Software with current HR systems, such as HRIS and payroll systems. To ensure efficient operations and accurate information flow, seamless integration and data synchronisation are crucial.
- Data Security and Privacy Concerns: As Global Talent Management Software involves handling sensitive employee data, ensuring data security and privacy is a critical challenge. Providers need to implement robust security measures, comply with data protection regulations, and establish trust with customers regarding data handling practices.
Market Competitive Landscape
The presence of numerous players competing for a sizable market share defines the competitive landscape of the Global Talent Management Software market. These businesses compete on the basis of elements like product features, innovation, pricing, customer service, and business alliances. Among the leading companies in the Global Talent Management Software market are: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.).
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Enterprise Type, By Deployment, By End-User. |
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | 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.) |
COVID-19 Impact on Global Talent Management Software Market
The COVID-19 pandemic has had a significant impact on the Global Talent Management Software Market. Organizations encountered challenges as they were forced to reduce their workforce, which decreased hiring activity. As a result, Global Talent Management Software technologies were less widely adopted. In the post-pandemic era, it is anticipated that organisations will refocus their attention on adopting cutting-edge technologies to boost operational effectiveness and cut costs. This change will probably lead to profitable market opportunities.The demand for platforms with AI capabilities is also anticipated to increase quickly, contributing to the market's growth over the forecast period.
Key Target Audience:
- Human Resources (HR) Departments
- Talent Acquisition Managers
- Learning and Development Professionals
- Small, Medium, and Large Enterprises
- Others
Our in-depth analysis of the Talent Management Software Market includes the following segments:
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Key Topics Covered in the Report:
- Global Talent Management Software Market Size (FY’2023-FY’2033)
- Overview of Global Talent Management Software Market
- Segmentation of Global Talent Management Software Market By Type (Compensation Management, Learning Management, Performance Management, Talent Acquisition)
- Segmentation of Global Talent Management Software Market By Enterprise Type (Large Enterprises, Small and Medium Enterprises (SMEs))
- Segmentation of Global Talent Management Software Market By Deployment (Cloud, On-Premise)
- Segmentation of Global Talent Management Software Market By End-User (BFSI, Education, Government, Healthcare, IT and Telecommunication, Manufacturing, Others (Retail, M&E))
- Statistical Snap of Global Talent Management Software Market
- Expansion Analysis of Global Talent Management Software Market
- Problems and Obstacles in Global Talent Management Software Market
- Competitive Landscape in the Global Talent Management Software Market
- Impact of COVID-19 and Demonetization on Global Talent Management Software Market
- Details on Current Investment in Global Talent Management Software Market
- Competitive Analysis of Global Talent Management Software Market
- Prominent Players in the Global Talent Management Software Market
- SWOT Analysis of Global Talent Management Software Market
- Global Talent Management Software Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Talent Management Software Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Talent Management Software Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Talent Management Software Market
7. Global Talent Management Software Market, By Type (USD Million)
7.1. Global Talent Management Software Market Value Share and Forecast, By Type, 2023-20337.2. Compensation Management7.3. Learning Management7.4. Performance Management7.5. Talent Acquisition7.6. Others
8. Global Talent Management Software Market, By Enterprise Type (USD Million)
8.1. Global Talent Management Software Market Value Share and Forecast, By Enterprise Type, 2023-20338.2. Large Enterprises8.3. Small and Medium Enterprises (SMEs)8.4. Others
9. Global Talent Management Software Market, By Deployment (USD Million)
9.1. Global Talent Management Software Market Value Share and Forecast, By Deployment, 2023-20339.2. Cloud9.3. On-Premise9.4. Others
10. Global Talent Management Software Market, By End-User (USD Million)
10.1. Global Talent Management Software Market Value Share and Forecast, By End-User, 2023-203310.2. BFSI10.3. Education10.4. Government10.5. Healthcare10.6. IT and Telecommunication10.7. Manufacturing10.8. Others (Retail, M&E)10.9. Others
11. Global Talent Management Software Market Forecast, 2019-2033 (USD Million)
11.1. Global Talent Management Software Market Size and Market Share
12. Global Talent Management Software Market, By Type, 2019-2033 (USD Million)
12.1. Global Talent Management Software Market Size and Market Share By Type (2019-2026)12.2. Global Talent Management Software Market Size and Market Share By Type (2027-2033)
13. Global Talent Management Software Market, By Enterprise Type, 2019-2033 (USD Million)
13.1. Global Talent Management Software Market Size and Market Share By Enterprise Type(2019-2026)13.2. Global Talent Management Software Market Size and Market Share By Enterprise Type(2027-2033)
14. Global Talent Management Software Market, By Deployment, 2019-2033 (USD Million)
14.1. Global Talent Management Software Market Size and Market Share By Deployment (2019-2026)14.2. Global Talent Management Software Market Size and Market Share By Deployment (2027-2033)
15. Global Talent Management Software Market, By End-User, 2019-2033 (USD Million)
15.1. Global Talent Management Software Market Size and Market Share By End-User (2019-2026)15.2. Global Talent Management Software Market Size and Market Share By End-User (2027-2033)
16. Global Talent Management Software Market, By Region, 2019-2033 (USD Million)
16.1. Global Talent Management Software Market Size and Market Share By Region (2019-2026)16.2. Global Talent Management Software Market Size and Market Share By Region (2027-2033)16.3. Asia-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. 15Five (U.S.)17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Applied Training Systems, Inc. (Trakstar) (U.S.)17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. BambooHR LLC (U.S.)17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. Cornerstone OnDemand (Saba Software, Inc.) (U.S.)17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. IBM Corporation (U.S.)17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Oracle Corporation (U.S.)17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. Sage Group plc (U.K.)17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. SAP SE (Germany)17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Talentsoft (France)17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Workday, Inc. (U.S.)17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Talent Management Software are being created by the increasing awareness of the significance of effective talent management in organisations.
Talent Management Software Market is projected to reach USD 29.50 billion by 2033, growing at a CAGR of 12.74% during the forecast period.
Talent Management Software Market grew in market size from 2023. The Market is expected to reach USD 29.50 billion by 2033, at a CAGR of 12.74% during the forecast period.
Talent Management Software Market CAGR of 12.74% during the forecast period.
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Talent Management Software Market size is USD 29.50 billion from 2023 to 2033.
Talent Management Software Market Segment is Covered By Type, By Enterprise Type, By Deployment, By End-User.
The North America region is anticipated to have the highest market share in Talent Management Software Market.
The key players in the market include Companies Covered 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.)
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