Talent Management Software Market Research Report- Global Forecast 2023

Talent Management Software Market, By Component (Solutions, Services), Deployment (On Premise, Cloud), Organization Size (SMEs and Large Enterprises) and Vertical – Global Forecast 2023

ID: MRFR/ICT/2641-HCR | February 2021 | Region: Global | 100 pages

Market Synopsis of Talent Management Software Market: Market Scenario: Talent management software is an integral part of the HR software applications. It provides a complete set of tools to automate, monitor, and analyze human resource (HR) functions efficiently in an organization. Talent management software market is being fueled by mobile apps, analytics, video and focus on team centric management. There is a considerable shift in the investments in the HR software industry.


Major factors driving the talent management software market are emergence of social media platforms and the increasing user base on the social media platforms. Video platform for recruiting is another new trend that is driving the growth of talent management software market.


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 on premise and cloud deployment models. Increasing demand of cloud-based talent management software module is driving the growth of cloud deployment model segment. The cloud based deployment segment is expected to grow at the highest CAGR while the on premise deployment is expected to hold the largest market share of the talent management software market.


The global talent management software market is expected to grow at approx. USD 16 Billion by 2023, at 16% of CAGR between 2017 and 2023.


Study Objectives of Talent Management Software Market:



  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the talent management software market.

  • To provide insights about factors affecting the market growth.

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).

  • To provide country level analysis of the market with respect to the current market size and future perspective.

  • To provide country level analysis of the market for segmentation on the basis of component, deployment, organization size and vertical.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for talent management software

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the talent management software


Talent Management Software Market Talent Management Software Market

Key Players: The prominent players in 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.


  Segments: Talent management software market can be segmented on the basis of following:


By Component Solutions

  • Workforce Management

  • Learning Management

  • Compensation Management

  • Talent Acquisition

  • Performance Planning


 


Services

  • Professional

  • Training & Education

  • Support & Maintenance


By Deployment          

  • On Premise

  • Cloud


By Organization Size

  • SMEs

  • Large Enterprises


By Vertical

  • BFSI

  • Healthcare

  • Manufacturing

  • Retail

  • Media & Entertainment

  • Education

  • Government


Regional Analysis: The regional analysis of talent management software market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market followed by Europe, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in talent management software market in North America is attributed to the technical advancements and increasing emergence of social media platforms in that region.


  Intended Audience



  • Technology investors

  • Research/Consultancy firms

  • Technology providers

  • Commercial end-users

  • Industrial end-users

  • Software providers

  • Service providers

  • Government bodies



Frequently Asked Questions (FAQ) :


The surging use of social media platforms by end-users is estimated to boost the overall market share in the forthcoming period.

Cornerstone OnDemand (U.S.), Taleo Corporation (U.S.), Kenexa (U.S.), Talentsoft (France), Sumtotal Systems, Inc. (U.S.), iCims, Inc. (U.S.), Skillsoft (U.S.) are a few of contenders functioning in the market in various regions.

A 16% CAGR is anticipated to motivate the market towards outstanding development in the coming years.

A USD 16 Billion income, is expected to be gained by the market in the coming years by 2023

Component, deployment, organization size, and vertical are the segments made to understand the market better.

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 TALENT MANAGEMENT SOFTWARE MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOLUTIONS

6.2.1.1.1 WORKFORCE PLANNING

6.2.1.1.2 LEARNING MANAGEMENT

6.2.1.1.3 COMPENSATION MANAGEMENT

6.2.1.1.4 TALENT ACQUISITION

6.2.1.1.5 PERFORMANCE PLANNING

6.2.1.2 SERVICES

6.2.1.2.1 PROFESSIONAL

6.2.1.2.2 TRAINING & EDUCATION

6.2.1.2.3 SUPPORT & MAINTENANCE

6.2.2 BY DEPLOYMENT

6.2.2.1 ON PREMISE

6.2.2.2 CLOUD

6.2.3 BY ORGANIZATION SIZE

6.2.3.1 SMES

6.2.3.2 LARGE ENTERPRISES

6.2.4 BY VERTICAL

6.2.4.1 BFSI

6.2.4.2 HEALTHCARE

6.2.4.3 MANUFACTURING

6.2.4.4 MEDIA & ENTERTAINMENT

6.2.4.5 EDUCATION

6.2.4.6 GOVERNMENT

6.2.6 BY REGION

6.2.6.1 NORTH AMERICA

6.2.6.2 EUROPE

6.2.6.3 ASIA-PACIFIC

6.2.6.4 REST OF THE WORLD

7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 HALOGEN SOFTWARE (CANADA)

7.2.2 TALEO CORPORATION (U.S.)

7.2.3 CORNERSTONE ONDEMAND (U.S.)

7.2.4 KENEXA (U.S.)

7.2.5 SUMTOTAL SYSTEMS, INC. (U.S.)

7.2.6 ICIMS, INC. (U.S.)

7.2.7 SKILLSOFT (U.S.)

7.2.8 TALENTSOFT (FRANCE)

7.2.9 LUMESSE LTD. (U.K.)

7.2.10 SABA SOFTWARE (U.S.)

7.2.11 OTHERS

LIST OF TABLES

TABLE 1 TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 2 TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 3 TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 4 TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 5 TALENT MANAGEMENT SOFTWARE MARKET, BY REGIONS

TABLE 6 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 7 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 8 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 9 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 10 U.S. TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 11 U.S. TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 12 U.S. TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 13 U.S. TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 14 CANADA TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 15 CANADA TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 16 CANADA TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 17 CANADA TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 18 GERMANY TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 19 GERMANY TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 20 GERMANY TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 21 GERMANY TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 22 U.K. TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 23 U.K. TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 24 U.K. TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 25 U.K. TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 26 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 27 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 28 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 29 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 30 FRANCE TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 31 FRANCE TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 32 FRANCE TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 33 FRANCE TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 34 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 35 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 36 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 37 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL

TABLE 38 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT

TABLE 39 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT

TABLE 40 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE

TABLE 41 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL


LIST OF FIGURES

FIGURE 1 RESEARCH TYPE

FIGURE 2 TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT (%)

FIGURE 3 TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 4 TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 5 TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 6 TALENT MANAGEMENT SOFTWARE MARKET, BY REGIONS (%)

FIGURE 7 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT (%)

FIGURE 8 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 9 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 10 NORTH AMERICA TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 11 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT (%)

FIGURE 12 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 13 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 14 EUROPE TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 15 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT (%)

FIGURE 16 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 17 ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 18 ASIA PACIFIC TALENT MANAGEMENT SOFTWARE MARKET, BY VERTICAL (%)

FIGURE 19 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY COMPONENT (%)

FIGURE 20 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY DEPLOYMENT (%)

FIGURE 21 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, BY ORGANIZATION SIZE (%)

FIGURE 22 REST OF THE WORLD TALENT MANAGEMENT SOFTWARE MARKET, VERTICAL (%)