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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.
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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.
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.
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.
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By component, the talent management software market is divided into:
Based on deployment mode, the market is categorised into:
By organisation size, the market is bifurcated into:
On the basis of industry vertical, the market is segregated into:
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.
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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.
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:
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.
REPORT FEATURES | DETAILS |
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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:
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Breakup by Component |
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Breakup by Deployment Mode |
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Breakup by Organization Size |
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Breakup by Industry Vertical |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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.
In 2022, the global market attained a value of approximately USD 7.73 billion.
The market is assessed to grow at a CAGR of 4.10% between 2023 and 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.
The major factors driving market growth are surging digitalisation and increasing demand from a diverse set of industries.
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.
The major regions in the market are Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
The various components of talent management software in the market includes solution and service.
The major deployment modes of talent management software in the market includes cloud and on-premises.
The various organisation sizes of talent management software in the market include large organisation and small and medium businesses.
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.
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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