The global talent management software market is expected to reach USD
24.03 billion by 2025 according to a new report by Grand View Research, Inc.
The talent management software industry is anticipated to undergo a series of
changes owing to various factors such as decreasing employment rate, changing
work environment, the rise of freelancing and contract work, and a globalized
workforce.
The most pertinent of the factors is the advent of new software and
technologies, such as big data analytics, social media, and the Internet.
Mobile platforms are also revolutionizing some important talent management
stages, such as recruitment and learning & training, thus driving
competition in the market.
Industry leaders have been providing the products in the market for quite
some time now but trends such as transparency, customization, and employee
engagement are expected to be at the forefront of the new and upcoming
offerings to customers. The increasing use of analytics to map the performances
and predict the future outcomes has also had a positive effect on the
adaptation to the technology in demand.
Solution integration and the availability of middleware from vendors are
also an important step forward for the industry standardization. As the
industry strides toward larger adoption and rapid developments in terms of
capabilities, many new trends such as Massively Open Online Courses (MOOCs) and
social media adherence, for either pre-hire assessment or employee feedback
management, are gaining traction in the market.
In depth research report on Talent Management
Software Market
Further key findings from the report suggest:
·
The human
resource departments are responsible for decisions concerning talent management
systems and are witnessing a shift toward integrated solutions
·
Organizations,
they are in search of platforms to integrate the disconnected systems
·
As the
industry is moving toward digital management and cloud-based applications,
there is a looming threat of data breaches and hacking incidents
·
Key industry
participants include IBM Corp., Oracle Corp., SAP SE, Peoplefluent Inc.,
CornerStone OnDemand Inc., Haufe Group, Lumesse AS, DelTek Inc., Saba Software
Inc., and Halogen Software Inc., among others
·
The industry
may also witness a rise in the number of small companies and start-ups that
address the niche markets and provide customized solutions while being
susceptible to acquisitions and mergers of smaller firms as well as the entry
of technology giants to capitalize on the market opportunities
Grand View Research has segmented the talent management software market
on the basis of solution, deployment, application, and region:
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
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East
& Africa (MEA)
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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