Market Highlights
In this rapidly changing world of technology, talent management software market is projected to show major growth prospects during the forecast period. The talent management software continues to surge further in the corporate industry owing to realizing the importance of talent optimization and how it is the key to a successful business. Emergence of video tools is one major factor driving the growth of talent management software market.
As compared to other regions, the talent management software market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of talent management software market. This is owing to the presence of large number of established key players and increasing user base on social media platforms in that region.
In addition to this, the region also has a well-established infrastructure which allows higher penetration of mobile devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of talent management software market.
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The talent management software market is growing rapidly over 16.2% of CAGR and is expected to reach at approx. USD 19.10 billion by the end of forecast period 2022-2030.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Talent Management Software Market Research Report-Forecast to 2030”.
Talent Management Software Market Segmentation
The talent management software market has been segmented on the basis of component, deployment, organization size and vertical. The deployment segment is further bifurcated into cloud and on-premise deployment models. Out of which, the cloud based deployment is expected to grow at the highest rate while the on premise deployment dominated the market share of talent management software market.
The prominent players in the talent management software market are – Halogen Software (Canada), Taleo Corporation (U.S.), Cornerstone OnDemand (U.S.), Kenexa (U.S.), Sumtotal Systems, Inc. (U.S.), iCims, Inc. (U.S.), Skillsoft (U.S.), Talentsoft (France), Lumesse Ltd. (U.K.), Saba Software (U.S.), among others.
Market Research Analysis:
The global talent management software market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World. In the global talent management software market, Asia Pacific is anticipated to witness relatively faster adoption and is expected to grow at the highest CAGR during the forecast period as compared to other regions. Within Asia Pacific, talent management software market is projected to contribute faster to the growth of revenue backed by increasing emergence of social media platforms and increasing demand for cloud based solutions in countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of talent management software market. In Europe, increasing demand for automated recruitment processes and increasing social media platforms are the major factors driving the growth of talent management software market. The presence of advanced infrastructure and with the increasing adoption of technological advancements in numerous countries are other factors driving the market growth of talent management software market.
Talent management software market in the South America region is anticipated to witness relatively slower market growth. However, Brazil and Argentina among other countries are projected to witness slow yet steady growth. Talent management software market in Middle East and Africa occupies a relatively smaller pie of the global talent management software market.
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Global Talent Management Software Market is anticipated to reach USD 24.03 billion by 2025.
Talent Management Software (TMS) is a technology that human resource management experts use to record employee’s lifecycle that includes development, strategic hiring, and performance management.
On the other hand, there are factors that may hamper the growth of the market including budget limitations and lack of awareness.
HR-tech will prove to be important in order to assist workers, maintain networks across boundaries, help managers lead their teams, and drive association.
The industry could be explored based on vertical as Manufacturing, BFSI, IT & telecom, Recruitment Consultancies, E-commerce and Others.
Market Segment: Talent management software solution outlook (Revenue, USD Million; 2014 - 2025)• Recruiting Management• Compensation Management• Employee Lifecycle Management• Learning and Training Management• Performance Management Talent management software deployment outlook (Revenue, USD Million; 2014 - 2025)• On-Premise• Cloud Talent management software application outlook (Revenue, USD Million; 2014 - 2025)• BFSI• Retail• IT & Telecom• Healthcare• Government• Education• Others Talent management software regional outlook (Revenue, USD Million; 2014 - 2025)• North America• U.S.• Canada• Europe• Germany• UK• Asia Pacific• China• India• Japan• Latin America• Brazil• Middle East & Africa (MEA) Browse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/talent-management-software-market-size Table of Contents Chapter 1.
Talent Management Software Market, By Component (Solutions, Services), Deployment (On Premise, Cloud), Organization Size (SMEs and Large Enterprises) and Vertical – Global Forecast 2023Market HighlightsIn this rapidly changing world of technology, talent management software market is projected to show major growth prospects during the forecast period.
In addition to this, the region also has a well-established infrastructure which allows higher penetration of mobile devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of talent management software market.The talent management software market is growing rapidly over 16% of CAGR and is expected to reach at approx.
USD 16 billion by the end of forecast period.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “Talent Management Software Market Research Report-Forecast to 2023”.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/3943Market SegmentationThe talent management software market has been segmented on the basis of component, deployment, organization size and vertical.
Out of which, the cloud based deployment is expected to grow at the highest rate while the on premise deployment dominated the market share of talent management software market.The prominent players in the talent management software market are – Halogen Software (Canada), Taleo Corporation (U.S.), Cornerstone OnDemand (U.S.), Kenexa (U.S.), Sumtotal Systems, Inc. (U.S.), iCims, Inc. (U.S.), Skillsoft (U.S.), Talentsoft (France), Lumesse Ltd. (U.K.), Saba Software (U.S.), among others.Market Research Analysis:The global talent management software market, by geography, has been segmented into North America, Europe, Asia Pacific and Rest of the World.
Within Asia Pacific, talent management software market is projected to contribute faster to the growth of revenue backed by increasing emergence of social media platforms and increasing demand for cloud based solutions in countries such as Japan, China and India.Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of talent management software market.
CertNexus, the global purveyor of vendor-neutral, micro-credentials, and certifications for emerging technologies for Business, IT, and Security professionals have entered into a partnership with a product of the Rofori Corporation- CyberKnight.
Rofori Corporation is an Indiana based company owned by veterans that excel in the creation of structured data platforms and offers cloud-based solutions for the assessment of cybersecurity risks.This partnership is formed to address the gap between cybersecurity skills and professionals and to help people prepare for their careers in demand.
A CyberKnights portal is soon to be launched which will be seen leveraging the National Institute of Standards and Technology’s (NIST) NICE framework (National Initiative for Cybersecurity Education) in several different ways.
The assessment of talent can be done against the KSATs (Knowledge, Skills, Abilities, and Tasks) of NICE.
These KSATs can then be matched with the academies, employers, and training providers of CertNexus.
Track mapping of a cybersecurity-focused career and the capability of academia, employers, and training providers to manage and handle talent are other additional features.
