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Talent Management Software Market

Global Talent Management Software Market Size, Share, Trends, Research: By Component: Solution, Service; By Deployment Mode: Cloud, On-premises; By Organization Size: Large Organisations, Small and Medium Businesses; By Industry Vertical; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028

Global Talent Management Software Market Outlook

The global talent management software market size attained a value of approximately USD 7.73 billion in 2022. The market is further estimated to grow in the forecast period of 2023-2028 at a CAGR of 4.10% to reach about USD 9.82 billion by 2028.

 

talent-management-software-market

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The expanding application scope of talent management software across human capital-centric businesses will likely lead to an increase in the global talent management software market size. Workforce management in enterprises is being revolutionised by a number of new technologies, the most notable of which being cloud computing and data analytics. The long-term focus on inculcating quality talent is surging the performance management software market size.

 

The primary factors driving the increased demand for talent management software solutions are the quick adoption of web-based applications and digitisation. The talent management software market share is also expected to expand with the support of new and improved tools due to the speed at which different industries are adopting talent management tools and solutions. As more companies are expanding their workforce to keep up with growing consumer demands, the talent acquisition software market size is likely to witness expansion in the coming years.

 

Cloud deployment modes and the rise of social media users are among the key talent management software market trends. SaaS HR tools are becoming more and more popular, catalysing the market for talent management solutions. The global talent management software market size status and forecast 2025 indicates that the market is likely to witness sustained growth, supported by software innovations, integration with other apps, and expanding workforce worldwide.

 

North America to Hold Substantial Share in the Market Growth of Talent Management Software

As per the talent management software market analysis, North America is anticipated to hold a substantial share in the market over the coming years owing to a growing adoption of advanced technology. Another contributing factor is the strong presence of the market players in the region like IBM Corporation, and Oracle, among others.

 

Meanwhile, the Asia Pacific region is likely to boost the market growth of talent management software during the forecast period. This is on account of the drastic shift in organisational management technologies in the region. The active ecosystem coupled with the increasing number of MNCs in IT and telecom and BFSI, among other sectors, are expected to fuel the talent management software (TMS) market growth across the Asia Pacific region.

 

Market Segmentation

Talent management software can be utilised by human resource managers to track, monitor, and make sure that every employee has the right skills. By using talent management software, talent managers can detect and eliminate barriers that hamper employee development.

 

talent-management-software-market-by-segmentation

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By component, the talent management software market is divided into:

  • Solution
  • Workforce Planning
  • Talent Acquisition
  • Performance Management
  • Learning Management
  • Service
  • Support and Maintenance
  • Training and Education
  • Professional Service

 

Based on deployment mode, the market is categorised into:

  • Cloud
  • On-premises

 

By organisation size, the market is bifurcated into:

  • Large Organisation
  • Small and Medium Businesses

 

On the basis of industry vertical, the market is segregated into:

  • Banking, Financial Services, and Insurance
  • IT and Telecommunication
  • Manufacturing
  • Retail
  • Education
  • Government
  • Media and Entertainment
  • Healthcare
  • Others

 

The EMR report looks into the regional markets of talent management software like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

 

talent-management-software-market-by-region

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Rapid Growth in Technological Advancements to Fuel the Market Growth of Talent Management Software

The global talent management software market is expected to witness robust growth on account of an increasing focus on the adoption of advanced business operations with advanced technologies. Growing digitalisation and increasing utilisation of social platforms have influenced the incorporation of talent management functionalities and is expected to increase the talent management software market size during the forecast period.

 

Based on deployment mode, the cloud segment is expected to fuel the market growth on account of the surging popularity of cloud-based services and growing cloud infrastructure. The segment is expected to positively influence the talent management software market growth as it provides various additional advantages like flexibility, on-demand services, and agility of the solutions.

 

Key Players in the Global Market for Talent Management Software

The report presents a detailed analysis of the following key players in the global talent management software market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Oracle Corporation
  • IBM Corporation
  • SAP SE
  • Saba Software
  • Workday inc.
  • TalentQuest, LLC
  • Cegid Group
  • ADP, Inc
  • Ceridian HCM, Inc.
  • Zoho Corporation Pvt. Ltd.
  • UKG Inc
  • Others

 

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Deployment Mode
  • Organization Size
  • Industry Vertical
  • Region
Breakup by Component
  • Solution
    • Workforce Planning
    • Talent Acquisition
    • Performance Management
    • Learning Management
  • Service
    • Support and Maintenance
    • Training and Education
    • Professional Service
Breakup by Deployment Mode
  • Cloud
  • On-premises
Breakup by Organization Size
  • Large Organisations
  • Small and Medium Businesses
Breakup by Industry Vertical
  • Banking, Financial Services, and Insurance
  • IT and Telecommunication
  • Manufacturing
  • Retail
  • Education
  • Government
  • Media and Entertainment
  • Healthcare
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Oracle Corporation
  • IBM Corporation
  • SAP SE
  • Saba Software
  • Workday inc.
  • TalentQuest, LLC
  • Cegid Group
  • ADP, Inc
  • Ceridian HCM, Inc.
  • Zoho Corporation Pvt. Ltd.
  • UKG Inc
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Opportunities and Challenges in the Market
8    Global Talent Management Software Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Talent Management Software Historical Market (2018-2022) 
    8.3    Global Talent Management Software Market Forecast (2023-2028)
    8.4    Global Talent Management Software Market by Component
        8.4.1    Solution
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
            8.4.1.3    Breakup by Solution Type
                8.4.1.3.1    Workforce Planning
                8.4.1.3.2    Talent Acquisition
                8.4.1.3.3    Performance Management
                8.4.1.3.4    Learning Management
        8.4.2    Service
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
            8.4.2.3    Breakup by Service Type
                8.4.2.3.1    Support and Maintenance
                8.4.2.3.2    Training and Education
                8.4.2.3.3    Professional Service
    8.5    Global Talent Management Software Market by Deployment Mode
        8.5.1    Cloud
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    On-premises
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Talent Management Software Market by Organization Size
        8.6.1    Large Organisations
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Small and Medium Businesses
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
    8.7    Global Talent Management Software Market by Industry Vertical
        8.7.1    Banking, Financial Services, and Insurance
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    IT and Telecommunication
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Manufacturing
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Retail
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Education
            8.7.5.1    Historical Trend (2018-2022)
            8.7.5.2    Forecast Trend (2023-2028)
        8.7.6    Government
            8.7.6.1    Historical Trend (2018-2022)
            8.7.6.2    Forecast Trend (2023-2028)
        8.7.7    Media and Entertainment
            8.7.7.1    Historical Trend (2018-2022)
            8.7.7.2    Forecast Trend (2023-2028)
        8.7.8    Healthcare
            8.7.8.1    Historical Trend (2018-2022)
            8.7.8.2    Forecast Trend (2023-2028)
        8.7.9    Others
    8.8    Global Talent Management Software Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022) 
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022) 
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022) 
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022) 
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022) 
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Talent Management Software Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Talent Management Software Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Talent Management Software Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    15.2    Japan
        15.2.1    Historical Trend (2018-2022) 
        15.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Talent Management Software Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Talent Management Software Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5     Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Oracle Corporation
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    IBM Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    SAP SE
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Saba Software
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Workday inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    TalentQuest, LLC
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Cegid Group
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    ADP, Inc
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Ceridian HCM, Inc.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Zoho Corporation Pvt. Ltd.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    UKG Inc
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Talent Management Software Market: Key Industry Highlights, 2018 and 2028
2.    Global Talent Management Software Historical Market: Breakup by Component (USD Million), 2018-2022
3.    Global Talent Management Software Market Forecast: Breakup by Component (USD Million), 2023-2028
4.    Global Talent Management Software Historical Market: Breakup by Deployment Mode (USD Million), 2018-2022
5.    Global Talent Management Software Market Forecast: Breakup by Deployment Mode (USD Million), 2023-2028
6.    Global Talent Management Software Historical Market: Breakup by Organization Size (USD Million), 2018-2022
7.    Global Talent Management Software Market Forecast: Breakup by Organization Size (USD Million), 2023-2028
8.    Global Talent Management Software Historical Market: Breakup by Industry Vertical (USD Million), 2018-2022
9.    Global Talent Management Software Market Forecast: Breakup by Industry Vertical (USD Million), 2023-2028
10.    Global Talent Management Software Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Talent Management Software Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Talent Management Software Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Talent Management Software Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Talent Management Software Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Talent Management Software Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Talent Management Software Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Talent Management Software Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Talent Management Software Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Talent Management Software Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Talent Management Software Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Talent Management Software Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Talent Management Software Market Structure.

Key Questions Answered in the Report

What was the global talent management software market size in 2022?

In 2022, the global market attained a value of approximately USD 7.73 billion.

What is the growth rate of the market?

The market is assessed to grow at a CAGR of 4.10% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach almost USD 9.82 billion by 2028.

What are the major market drivers?

The major factors driving market growth are surging digitalisation and increasing demand from a diverse set of industries.

What are the key market trends at a global level?

The key market trends include a rise in the demand for acquiring and retaining skilled manpower and an increasing penetration rate of cloud-based platforms.

What are the major regional markets for talent management software, according to the EMR report?

The major regions in the market are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.

What are the various components of talent management software in the market?

The various components of talent management software in the market includes solution and service.

What are the major deployment modes of talent management software in the market?

The major deployment modes of talent management software in the market includes cloud and on-premises.

What are the various organisation sizes of talent management software in the market?

The various organisation sizes of talent management software in the market include large organisation and small and medium businesses.

What are the various industry verticals of talent management software in the market?

The various industry verticals of talent management software are banking, financial services, and insurance, it and telecommunication, manufacturing, retail, education, government, media and entertainment, and healthcare, among others.

Who are the key market players, according to the report?

The major players in the market are Oracle Corporation, IBM Corporation, SAP SE, Saba Software., Workday inc., TalentQuest, LLC, Cegid Group, ADP, Inc, Ceridian HCM, Inc., Zoho Corporation Pvt. Ltd., and UKG Inc, among others.

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We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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