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.
Browse full research report on Talent Management Software Market http://www.grandviewresearch.com/industry-analysis/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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Middle
East & Africa (MEA)
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-talent-management-software-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
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