Talent Management Software Market - Opportunities and Forecast, 2020-2027
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May 2020 |
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Talent Management software (TMS) provides solutions for all workforce management needs, which include performance management, strategic hiring, and development. The talent management software package consolidates the four essential pillars of talent management‐recruitment; learning and development; performance management; and compensation management.
Traditionally, human resource management systems (HRM) and enterprise resource planning (ERP) were intended to focus on management of the basic human resources process. However, the talent management software emphasizes on the long-term organizational goals and retention of top talent. Further, it helps to execute a strategic hiring process along with safeguarding of the employee development and selection of the right person for the job.
The TMS market has reinvented itself through continual adoption of advanced technologies and dynamic human resource practices. The factors that drive the growth in the TMS market are next generation performing employees, process automation, and rising need of better performance management among organizations. In addition, the alignment of the personal goals with the organizations, team collaboration, and feedback are other influential factors affecting the TMS market.
Further, the need of global communication for the workforce, integration with social media for the better management, and real-time workforce engagement will give an uplift to the TMS market in the near future. However, the cost of the TMS hardware and ever-changing talent management practices hamper the growth of global TMS industry.
The TMS market is evolving very rapidly, as small and medium scale organizations are looking to invest in the TMS, owing to the need to implement better employee performance management systems and the cost-efficient advantages of TMS. Various key vendors have launched novel products in the market that cater to this rising need. For instance, in the year 2017, IBM Corporation launched Kenexa solution that integrates the need of a smarter workforce like employee assessment and IO psychology with various solutions offered by the company. Another example is of the company named People Matters that launched a modular TMS in February 2012, which is focused mainly on the service industry.
The global TMS market is segmented into four types based on platform type, organization size, industry vertical, and geography. The platform segment is further divided into solution and services. The solutions segment has various components such as human resource planning, talent acquisition, performance management, and learning management. The services segment is divided into support, training, and professional service. In terms of organization size, it is categorized into large and small & medium organizations. In terms of industry vertical, it is segmented into banking and financial services, & insurance (BFSI), IT and telecom, manufacturing, retailing, education, government, media & entertainment, and others which include power, automation, and transport. The market segmentation on the basis of geography includes North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive analysis and profiles of the major market players such as Kenexa, SuccessFactors, Oracle Taleo, Cornerstone, Saba Cloud, PeopleFluent, People matter, Ultimate Pro, Lumesse ET Web, and Sum Total Systems are also provided in this report.
Key Benefits
- This report is an extensive analysis of current and potential market trends in the dynamic global market of TMS.
- Geographically, the TMS market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA.
- The report contains in depth quantitative analysis of current and future market estimations through 2016-2023, which helps in recognizing the appealing market opportunities.
- Extensive analysis of the global TMS market by the types helps in understanding the current practices for the better investment decisions.
- Key market players within the TMS market are profiled in this report and their strategies are analysed thoroughly, which helps in understanding competitive outlook of global talent management tools.
- SWOT analysis shed light on the internal environment of the leaders of the TMS market.
- Extensive analysis of the talent management tool market is conducted by monitoring the top competitors within the market framework.
Talent Management Software Market Key Segments:
By Platform Type
- Solution
- Human Resource Planning
- Talent Acquisition
- Performance Management
- Learning Management
- Services
- Support and Maintenance
- Training and Education
- Professional Service
By Organization Size
- Large Organizations
- Small and Medium Businesses
By Industry Vertical
- Banking, Financial Services, and Insurance
- IT and Telecommunication
- Manufacturing
- retailing
- Education
- Government
- Entertainment
- Others (Power, Automotive, and Transport)
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- Australia
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers
3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
CHAPTER 4: TALENT MANAGEMENT SOFTWARE MARKET BY COMPONENT
4.1. OVERVIEW
4.2. SOLUTIONS
4.2.1. Key market trends, Growth factors and opportunities
4.2.2. Workforce Planning
4.2.3. Learning Management
4.2.4. Compensation Management
4.2.5. Talent Acquisition
4.2.6. Performance Management
4.2.7. Market size and forecast by region
4.2.8. Market analysis by country
4.3. SERVICES
4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Support and Maintenance
4.3.3. Training and Education
4.3.4. Professional Services
4.3.5. Market size and forecast by region
4.3.6. Market analysis by country
CHAPTER 5: TALENT MANAGEMENT SOFTWARE MARKET BY DEPLOYMENT TYPE
5.1. OVERVIEW
5.2. CLOUD
5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. ON-PREMISE
5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
CHAPTER 6: TALENT MANAGEMENT SOFTWARE MARKET BY ORGANIZATION SIZE
6.1. OVERVIEW
6.2. SMALL AND MEDIUM ENTERPRISES
6.2.1. Key market trends, Growth factors and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market analysis by country
6.3. LARGE ENTERPRISES
6.3.1. Key market trends, Growth factors and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country
CHAPTER 7: TALENT MANAGEMENT SOFTWARE MARKET BY INDUSTRY VERTICAL
7.1. OVERVIEW
7.2. BFSI
7.2.1. Key market trends, Growth factors and opportunities
7.2.2. Market size and forecast by region
7.2.3. Market analysis by country
7.3. IT AND TELECOM
7.3.1. Key market trends, Growth factors and opportunities
7.3.2. Market size and forecast by region
7.3.3. Market analysis by country
7.4. HEALTHCARE
7.4.1. Key market trends, Growth factors and opportunities
7.4.2. Market size and forecast by region
7.4.3. Market analysis by country
7.5. RETAIL
7.5.1. Key market trends, Growth factors and opportunities
7.5.2. Market size and forecast by region
7.5.3. Market analysis by country
7.6. MANUFACTURING
7.6.1. Key market trends, Growth factors and opportunities
7.6.2. Market size and forecast by region
7.6.3. Market analysis by country
7.7. OTHERS
7.7.1. Key market trends, Growth factors and opportunities
7.7.2. Market size and forecast by region
7.7.3. Market analysis by country
CHAPTER 8: TALENT MANAGEMENT SOFTWARE MARKET BY REGION
8.1. OVERVIEW
8.2. NORTH AMERICA
8.2.1. Key market trends and opportunities
8.2.2. Market size and forecast by Component
8.2.3. Market size and forecast by Deployment Type
8.2.4. Market size and forecast by Organization Size
8.2.5. Market size and forecast by Industry Vertical
8.2.6. Market size and forecast by Country
8.2.7. U.S. TALENT MANAGEMENT SOFTWARE MARKET
8.2.7.1. Market size and forecast by Component
8.2.7.2. Market size and forecast by Deployment Type
8.2.7.3. Market size and forecast by Organization Size
8.2.7.4. Market size and forecast by Industry Vertical
8.2.8. CANADA TALENT MANAGEMENT SOFTWARE MARKET
8.2.8.1. Market size and forecast by Component
8.2.8.2. Market size and forecast by Deployment Type
8.2.8.3. Market size and forecast by Organization Size
8.2.8.4. Market size and forecast by Industry Vertical
8.2.9. MEXICO TALENT MANAGEMENT SOFTWARE MARKET
8.2.9.1. Market size and forecast by Component
8.2.9.2. Market size and forecast by Deployment Type
8.2.9.3. Market size and forecast by Organization Size
8.2.9.4. Market size and forecast by Industry Vertical
8.3. EUROPE
8.3.1. Key market trends and opportunities
8.3.2. Market size and forecast by Component
8.3.3. Market size and forecast by Deployment Type
8.3.4. Market size and forecast by Organization Size
8.3.5. Market size and forecast by Industry Vertical
8.3.6. Market size and forecast by Country
8.3.7. U.K. TALENT MANAGEMENT SOFTWARE MARKET
8.3.7.1. Market size and forecast by Component
8.3.7.2. Market size and forecast by Deployment Type
8.3.7.3. Market size and forecast by Organization Size
8.3.7.4. Market size and forecast by Industry Vertical
8.3.8. GERMANY TALENT MANAGEMENT SOFTWARE MARKET
8.3.8.1. Market size and forecast by Component
8.3.8.2. Market size and forecast by Deployment Type
8.3.8.3. Market size and forecast by Organization Size
8.3.8.4. Market size and forecast by Industry Vertical
8.3.9. FRANCE TALENT MANAGEMENT SOFTWARE MARKET
8.3.9.1. Market size and forecast by Component
8.3.9.2. Market size and forecast by Deployment Type
8.3.9.3. Market size and forecast by Organization Size
8.3.9.4. Market size and forecast by Industry Vertical
8.3.10. REST OF EUROPE TALENT MANAGEMENT SOFTWARE MARKET
8.3.10.1. Market size and forecast by Component
8.3.10.2. Market size and forecast by Deployment Type
8.3.10.3. Market size and forecast by Organization Size
8.3.10.4. Market size and forecast by Industry Vertical
8.4. ASIA-PACIFIC
8.4.1. Key market trends and opportunities
8.4.2. Market size and forecast by Component
8.4.3. Market size and forecast by Deployment Type
8.4.4. Market size and forecast by Organization Size
8.4.5. Market size and forecast by Industry Vertical
8.4.6. Market size and forecast by Country
8.4.7. CHINA TALENT MANAGEMENT SOFTWARE MARKET
8.4.7.1. Market size and forecast by Component
8.4.7.2. Market size and forecast by Deployment Type
8.4.7.3. Market size and forecast by Organization Size
8.4.7.4. Market size and forecast by Industry Vertical
8.4.8. INDIA TALENT MANAGEMENT SOFTWARE MARKET
8.4.8.1. Market size and forecast by Component
8.4.8.2. Market size and forecast by Deployment Type
8.4.8.3. Market size and forecast by Organization Size
8.4.8.4. Market size and forecast by Industry Vertical
8.4.9. JAPAN TALENT MANAGEMENT SOFTWARE MARKET
8.4.9.1. Market size and forecast by Component
8.4.9.2. Market size and forecast by Deployment Type
8.4.9.3. Market size and forecast by Organization Size
8.4.9.4. Market size and forecast by Industry Vertical
8.4.10. REST OF ASIA-PACIFIC TALENT MANAGEMENT SOFTWARE MARKET
8.4.10.1. Market size and forecast by Component
8.4.10.2. Market size and forecast by Deployment Type
8.4.10.3. Market size and forecast by Organization Size
8.4.10.4. Market size and forecast by Industry Vertical
8.5. LAMEA
8.5.1. Key market trends and opportunities
8.5.2. Market size and forecast by Component
8.5.3. Market size and forecast by Deployment Type
8.5.4. Market size and forecast by Organization Size
8.5.5. Market size and forecast by Industry Vertical
8.5.6. Market size and forecast by Country
8.5.7. LATIN AMERICA TALENT MANAGEMENT SOFTWARE MARKET
8.5.7.1. Market size and forecast by Component
8.5.7.2. Market size and forecast by Deployment Type
8.5.7.3. Market size and forecast by Organization Size
8.5.7.4. Market size and forecast by Industry Vertical
8.5.8. MIDDLE EAST TALENT MANAGEMENT SOFTWARE MARKET
8.5.8.1. Market size and forecast by Component
8.5.8.2. Market size and forecast by Deployment Type
8.5.8.3. Market size and forecast by Organization Size
8.5.8.4. Market size and forecast by Industry Vertical
8.5.9. AFRICA TALENT MANAGEMENT SOFTWARE MARKET
8.5.9.1. Market size and forecast by Component
8.5.9.2. Market size and forecast by Deployment Type
8.5.9.3. Market size and forecast by Organization Size
8.5.9.4. Market size and forecast by Industry Vertical
CHAPTER 9: COMPANY PROFILES
9.1. LUMESSE
9.1.1. Company overview
9.1.2. Business performance
9.1.3. Key strategic moves and developments
9.2. SUCCESSFACTORS
9.2.1. Company overview
9.2.2. Business performance
9.2.3. Key strategic moves and developments
9.3. TALEO CORPORATION
9.3.1. Company overview
9.3.2. Business performance
9.3.3. Key strategic moves and developments
9.4. CORNERSTONE
9.4.1. Company overview
9.4.2. Business performance
9.4.3. Key strategic moves and developments
9.5. SABA SOFTWARE
9.5.1. Company overview
9.5.2. Business performance
9.5.3. Key strategic moves and developments
9.6. PEOPLEFLUENT
9.6.1. Company overview
9.6.2. Business performance
9.6.3. Key strategic moves and developments
9.7. ULTIMATE PRO
9.7.1. Company overview
9.7.2. Business performance
9.7.3. Key strategic moves and developments
9.8. IBM CORPORATION
9.8.1. Company overview
9.8.2. Business performance
9.8.3. Key strategic moves and developments
9.9. TALENTSOFT
9.9.1. Company overview
9.9.2. Business performance
9.9.3. Key strategic moves and developments
9.10. SUM TOTAL SYSTEMS
9.10.1. Company overview
9.10.2. Business performance
9.10.3. Key strategic moves and developments
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