The Global Talent Management Software Market size was estimated at USD 7.8 billion in 2021 and is expected to hit around USD 18.71 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 12.6% from 2022 to 2031.
Global Talent Management Software Market: Breakup by Region, (USD Billion) 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The global talent management software market refers to the industry that produces and provides software solutions designed to streamline and enhance various aspects of talent management within organizations. Talent management encompasses activities such as recruitment, performance management, learning and development, succession planning, and employee engagement. These software solutions are designed to help organizations attract, retain, develop, and deploy their workforce effectively, ultimately contributing to improved overall business performance.
The global talent management software market has been witnessing significant growth due to the increasing recognition of the critical role talent plays in an organization's success. Companies across various industries are adopting these software solutions to automate and optimize talent-related processes, reduce administrative burdens, and gain insights into their workforce. Moreover, the market is driven by the growing demand for cloud-based talent management software, as it offers scalability, accessibility, and cost-efficiency. It also allows for easier integration with other HR and business systems, facilitating a seamless talent management ecosystem.
The Global Talent Management Software Market is undergoing several notable trends that are shaping the landscape of talent management in organizations worldwide. First and foremost, the adoption of AI and machine learning in talent management software is gaining momentum. These technologies are being used to improve the recruitment process by automating candidate screening, enhancing predictive analytics for talent identification, and offering personalized learning and development recommendations. AI-driven insights also help organizations in succession planning and workforce optimization, enabling data-driven decision-making.
Another prominent trend in this market is the increasing emphasis on employee engagement and experience. Companies are recognizing that a motivated and engaged workforce is crucial for productivity and retention. Talent management software is now incorporating features for continuous feedback, surveys, and performance reviews, helping organizations better understand and address the needs and aspirations of their employees.
Furthermore, the shift towards remote and hybrid work arrangements has spurred the demand for cloud-based talent management software. Cloud solutions offer flexibility, accessibility, and scalability, making them well-suited to the evolving nature of work. As a result, many organizations are transitioning from traditional on-premises systems to cloud-based platforms to support their talent management needs.
Recent Developments:
In recent years, the Global Talent Management Software Market has seen several noteworthy developments that reflect the evolving needs and technologies within the human resources and talent management sectors. One significant development is the growing integration of artificial intelligence (AI) and machine learning (ML) into talent management software. AI-driven features, such as automated candidate sourcing and matching, predictive analytics for identifying high-potential talent, and personalized learning and development recommendations, have become increasingly prevalent. These advancements are helping organizations streamline their talent acquisition, development, and retention strategies.
Another key development is the emphasis on employee experience and engagement. Companies are recognizing that a motivated and engaged workforce is crucial for productivity and retention. Talent management software is now incorporating features for continuous feedback, sentiment analysis, and performance management, allowing organizations to better understand and enhance the overall employee experience. Employee well-being and work-life balance have also become focal points, with features like stress monitoring and wellness programs being integrated into some platforms.
Table of Content
Global Talent Management Software Market Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the Talent Management Software Market
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. Talent Management Software Market: Deployment Estimates & Trend Analysis
5.1. Talent Management Software Market value share and forecast, (USD Billion) (2020
to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. On-Premises
5.3.1. Market Size & Forecast, (USD Billion) 2020-2031
5.4. Cloud-Based
5.4.1. Market Size & Forecast, (USD Billion) 2020-2031
5.5. Hybrid Solutions
5.5.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 6. Talent Management Software Market: Size Estimates & Trend Analysis
6.1. Talent Management Software Market value share and forecast, (USD Billion) (2020
to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Small-Sized Enterprises
6.3.1. Market Size & Forecast, (USD Billion) 2020-2031
6.4. Medium-Sized Enterprises
6.4.1. Market Size & Forecast, (USD Billion) 2020-2031
6.5. Large Sized-Enterprises
6.5.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 7. Talent Management Software Market: Solution Size Estimates & Trend
Analysis
7.1. Talent Management Software Market value share and forecast, (USD Billion) (2020
to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Recruitment
7.3.1. Market Size & Forecast, (USD Billion) 2020-2031
7.4. Performance Management
7.4.1. Market Size & Forecast, (USD Billion) 2020-2031
7.5. Learning And Development
7.5.1. Market Size & Forecast, (USD Billion) 2020-2031
7.6. Succession Planning
7.6.1. Market Size & Forecast, (USD Billion) 2020-2031
7.7. Workforce Analytics
7.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 8. Talent Management Software Market: End User Estimates & Trend Analysis
8.1. Talent Management Software Market value share and forecast, (USD Billion) (2020
to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. HR Professionals
8.3.1. Market Size & Forecast, (USD Billion) 2020-2031
8.4. Executives
8.4.1. Market Size & Forecast, (USD Billion) 2020-2031
8.5. Employees
8.5.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 9. Talent Management Software Market: Regional Estimates & Trend Analysis
9.1. Talent Management Software Market value share and forecast, (USD Billion) (2020
to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, (USD Billion) 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, (USD Billion) 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, (USD Billion) 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, (USD Billion) 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 10. Talent Management Software Market: Country Estimates & Trend Analysis
10.1. Talent Management Software Market value share and forecast, (USD Billion) (2020
to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, (USD Billion) 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, (USD Billion) 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, (USD Billion) 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, (USD Billion) 2020-2031
10.7. France
10.7.1. Market Size & Forecast, (USD Billion) 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, (USD Billion) 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, (USD Billion) 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, (USD Billion) 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, (USD Billion) 2020-2031
10.12. China
10.12.1. Market Size & Forecast, (USD Billion) 2020-2031
10.13. India
10.13.1. Market Size & Forecast, (USD Billion) 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, (USD Billion) 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, (USD Billion) 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, (USD Billion) 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, (USD Billion) 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, (USD Billion) 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, (USD Billion) 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, (USD Billion) 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, (USD Billion) 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. SAP SuccessFactors
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. Oracle
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. Workday
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. Cornerstone OnDemand
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. ADP
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. IBM
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. Ultimate Software
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. SumTotal Systems
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. PeopleFluent
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Saba Software
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. Talentsoft
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. Halogen Software
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. Lumesse
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. PageUp
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. SilkRoad Technology
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
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