Talent Management Software Market Growth, Size, Trends, Scope, Revenue and Future Outlook: SPER Market Research

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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.

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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:

By Type :	Compensation Management Learning Management Performance Management Talent Acquisition
By Enterprise Type :	Large Enterprises Small and Medium Enterprises (SMEs)
By Deployment :	Cloud On-Premise
By End-User :	BFSI Education Government Healthcare IT and Telecommunication Manufacturing

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 report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Talent Management Software Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Talent Management Software Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Compensation Management
7.3. Learning Management
7.4. Performance Management
7.5. Talent Acquisition
7.6. 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, 2023-2033
8.2. Large Enterprises
8.3. 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, 2023-2033
9.2. Cloud
9.3. On-Premise
9.4. 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, 2023-2033
10.2. BFSI
10.3. Education
10.4. Government
10.5. Healthcare
10.6. IT and Telecommunication
10.7. Manufacturing
10.8. 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-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America

17. Company Profile

17.1. 15Five (U.S.)
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Applied Training Systems, Inc. (Trakstar) (U.S.)
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. BambooHR LLC (U.S.)
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Cornerstone OnDemand (Saba Software, Inc.) (U.S.)
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. IBM Corporation (U.S.)
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Oracle Corporation (U.S.)
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Sage Group plc (U.K.)
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. SAP SE (Germany)
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Talentsoft (France)
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Workday, Inc. (U.S.)
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. 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.

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Frequently Asked Questions About This Report

What is the conclusion of Talent Management Software Market?

Talent Management Software are being created by the increasing awareness of the significance of effective talent management in organisations.

How big is Talent Management Software Market?

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.

What is the growth rate of Talent Management Software Market?

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.

What is the anticipated CAGR of Talent Management Software Market during the forecast period?

Talent Management Software Market CAGR of 12.74% during the forecast period.

How can I get a sample report on Talent Management Software Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of Talent Management Software Market?

Talent Management Software Market size is USD 29.50 billion from 2023 to 2033.

Which segment is expected to lead Talent Management Software Market?

Talent Management Software Market Segment is Covered By Type, By Enterprise Type, By Deployment, By End-User.

Which region is expected to have the highest market share in Talent Management Software Market?

The North America region is anticipated to have the highest market share in Talent Management Software Market.

Who are the key players 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.)