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Talent Management Software Market Report by Component, Deployment Type, End User, Vertical, and Region 2024-2032- Product Image
Talent Management Software Market Report by Component, Deployment Type, End User, Vertical, and Region 2024-2032- Product Image
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Talent Management Software Market Report by Component, Deployment Type, End User, Vertical, and Region 2024-2032

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  • 138 Pages
  • September 2024
  • Region: Global
  • IMARC Group
  • ID: 5912050
Description Jump to:
The global talent management software (TMS) market size reached US$ 14.2 Billion in 2023. Looking forward, the market is expected to reach US$ 47.3 Billion by 2032, exhibiting a growth rate (CAGR) of 14.3% during 2023-2032.

A talent management software (TMS) refers to a workforce management application that involves performance management, strategic hiring and employee development. It enables organizations to track and manage their employees by setting goals, identifying and closing skill gaps, providing personalized development plants and facilitating appraisals. It provides employers with the tools to accurately manage, evaluate, and compensate based on employee performance. This enables organizations to foster a culture of career development and improve the overall performance of the employees. Owing to this, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, information technology (IT), retail, and manufacturing industries.

Talent Management Software (TMS) Market Trends:

The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based personnel management systems, is one of the key factors driving the growth of the market. Organizations and human resource professionals are increasingly adopting software-as-a-service (SaaS) platforms for automating scouting, identifying and acquiring new talents from the talent pools and retaining the existing talent. A TMS also enables in streamlining the recruitment process, reinforce workforce culture, provide agile learning opportunities and identify the top performers.

Additionally, various technological advancements, such as the utilization of machine learning (ML) and artificial intelligence (AI), are also acting as growth inducing factors. The software uses optical trackers to monitor individuals and to identify market trends and patterns through transactional activities and analytical inputs. Other factors, including the growing need to replace traditional talent management methods to optimize the utilization of resources and improve the quality of hiring decisions, are expected to drive the market further.

Key Market Segmentation:

This report provides an analysis of the key trends in each sub-segment of the global talent management software (TMS) market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, deployment type, end user, and vertical.

Breakup by Component:

  • Solutions
  • Workforce Planning
  • Learning Management
  • Compensation Management
  • Talent Acquisition
  • Performance Management
  • Services
  • Professional Services
  • Training and Education
  • Support and Maintenance

Breakup by Deployment Type:

  • On-premises
  • Cloud-based

Breakup by End User:

  • Small and Medium Enterprises
  • Large Enterprises

Breakup by Vertical:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Retail
  • Manufacturing
  • Education
  • Government
  • Media and Entertainment
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Cornerstone Ondemand Inc., International Business Machines Corporation, Oracle Corporation, SilkRoad Technology, Skillsoft Corporation, Talentguard Inc., Talentsoft, Ultimate Software, Workday Inc., etc.

Key Questions Answered in This Report:

  • How has the global talent management software (TMS) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global talent management software (TMS) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the end user?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global talent management software (TMS) market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Talent Management Software (TMS) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Workforce Planning
6.1.2.2 Learning Management
6.1.2.3 Compensation Management
6.1.2.4 Talent Acquisition
6.1.2.5 Performance Management
6.1.3 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Professional Services
6.2.2.2 Training and Education
6.2.2.3 Support and Maintenance
6.2.3 Market Forecast
7 Market Breakup by Deployment Type
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Small and Medium Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 IT and Telecom
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Retail
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Manufacturing
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Education
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Government
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Media and Entertainment
9.8.1 Market Trends
9.8.2 Market Forecast
9.9 Others
9.9.1 Market Trends
9.9.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Cornerstone Ondemand Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 International Business Machines Corporation
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Oracle Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 SilkRoad Technology
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Skillsoft Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Talentguard Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Talentsoft
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8 Ultimate Software
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 Workday Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
List of Figures
Figure 1: Global: Talent Management Software Market: Major Drivers and Challenges
Figure 2: Global: Talent Management Software Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Talent Management Software Market: Breakup by Component (in %), 2023
Figure 4: Global: Talent Management Software Market: Breakup by Deployment Type (in %), 2023
Figure 5: Global: Talent Management Software Market: Breakup by End User (in %), 2023
Figure 6: Global: Talent Management Software Market: Breakup by Vertical (in %), 2023
Figure 7: Global: Talent Management Software Market: Breakup by Region (in %), 2023
Figure 8: Global: Talent Management Software Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Talent Management Software (Solutions) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Talent Management Software (Solutions) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Talent Management Software (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Talent Management Software (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Talent Management Software (On-premises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Talent Management Software (On-premises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Talent Management Software (Cloud-based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Talent Management Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Talent Management Software (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Talent Management Software (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Talent Management Software (Large Enterprises) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Talent Management Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Talent Management Software (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Talent Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Talent Management Software (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Talent Management Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Talent Management Software (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Talent Management Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Talent Management Software (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Talent Management Software (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Talent Management Software (Manufacturing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Talent Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Talent Management Software (Education) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Talent Management Software (Education) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Talent Management Software (Government) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Talent Management Software (Government) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Talent Management Software (Media and Entertainment) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Talent Management Software (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Talent Management Software (Other Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Talent Management Software (Other Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: United States: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: United States: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Canada: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Canada: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Asia Pacific: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Asia Pacific: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: China: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: China: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Japan: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Japan: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: India: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: India: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: South Korea: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: South Korea: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Australia: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Australia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Indonesia: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Indonesia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Germany: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Germany: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: France: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: France: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: United Kingdom: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: United Kingdom: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Italy: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Italy: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Spain: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Spain: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Russia: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Russia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Latin America: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Latin America: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Brazil: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Brazil: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Mexico: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Mexico: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Middle East and Africa: Talent Management Software Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Middle East and Africa: Talent Management Software Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Global: Talent Management Software Industry: SWOT Analysis
Figure 88: Global: Talent Management Software Industry: Value Chain Analysis
Figure 89: Global: Talent Management Software Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Talent Management Software Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Talent Management Software Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Talent Management Software Market Forecast: Breakup by Deployment Type (in Million US$), 2024-2032
Table 4: Global: Talent Management Software Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Talent Management Software Market Forecast: Breakup by Vertical (in Million US$), 2024-2032
Table 6: Global: Talent Management Software Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Talent Management Software Market Structure
Table 8: Global: Talent Management Software Market: Key Players

Companies Mentioned

  • Cornerstone Ondemand Inc.
  • International Business Machines Corporation
  • Oracle Corporation
  • SilkRoad Technology
  • Skillsoft Corporation
  • Talentguard Inc.
  • Talentsoft
  • Ultimate Software
  • Workday Inc

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedSeptember 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 14.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 47.3 Billion
Compound Annual Growth Rate14.3%
Regions CoveredGlobal
No. of Companies Mentioned9

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About the Talent Management Software Market

Talent Management Software is a type of software used to manage the recruitment, development, and retention of employees. It is designed to help organizations identify, attract, and retain the best talent for their organization. It can also be used to track employee performance, provide feedback, and measure the effectiveness of training programs. Talent Management Software can also be used to create and manage job postings, track applicants, and manage onboarding processes. The Talent Management Software market is highly competitive, with a wide range of products and services available. Companies in the market include Oracle, SAP, Workday, Cornerstone OnDemand, ADP, and PeopleFluent. Show Less Read more

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