Talent Management Software (TMS) Market by Solution (Talent Acquisition, Workforce Planning, Learning, Compensation, and Performance Management), by Services, by Deployment Mode, by Organization Size, by Verticals, and by Regions - Trends and Forecasts to 2019
[148 Pages Report] Talent Management Software market is expected to grow from $5,270.3 million in 2014 to $11,367.0 million by 2019, at a Compound Annual Growth Rate (CAGR) of 16.6% from 2014 to 2019
Organizations are always striving to incorporate tools that streamline their business process by quickly analyzing, optimizing, and managing the business requirements. All these functionalities are encompassed within a single console which lets organizations analyze the right organizational strategies and resources for goal accomplishment. Talent management software market helps organizations to implement integrated strategies designed to increase workforce productivity by developing improved applications for attracting, developing and retaining people with the right skills and aptitude to meet current and future organization needs.
The original concept of Talent management software market is to provide an integrated system for an organization (which includes recruiting solutions, learning and management, performance management, planning and many others). The talent management goals are linked to business strategies and everything done to recruit, develop, reward and retain is a part of strategic workforce planning. For some companies, the intellectual capacity, skills and creativity of employees is the utmost factor while executing business strategies.
The proliferation of Talent management software market is significant in large enterprises; however, small and medium organizations are also looking for investing in talent management software as the benefit associated with it encourages its adoption. In the years to come, this trend is anticipated to continue leveraging software providers to offer more innovative solution with various integration platforms suite that connects with the emerging enterprise software and applications.
Talent management software market is growing due to evolving trend such as social media, growing number and the cloud. SaaS HR products are on the rise, and talent management systems are leading the way. These trends are well-nurtured and implemented in the tool and are also incorporated in various mobile apps by collaborating with social media tools, thereby encouraging the overall adoption of TM software. Moreover, this market unfolds various opportunities such as partnerships and collaboration, mergers and acquisitions by the developed players for exploring new product lines.
The major drivers leading to the widespread adoption of talent management software market are creating a better process of internal talent mobility, growing cloud solution popularity, real time employee engagement and emergence of social platform. However, certain restraints such as integrating various TM software, lack of adequate knowledge of the product, and unawareness about the imperativeness and benefits associated with the software hinder its market growth. Thus, taking into account all these pointers, the TM software market is estimated to further grow substantially in the upcoming years.
The report spans the overall structure of the talent management software market and provides premium insights that can help software providers, cloud providers, third-party providers, and business service providers to identify the need of Small and Medium Businesses (SMBs). The report analyzes the growth rate and penetration of TM software across all the major regions.
The global talent management software market research report is segmented on the basis of solutions and services, organization size, deployment types, industry verticals, and regions. The services are segmented as professional services, support and maintenance, and training and education. Further, the deployment type is categorized into on-premises and on- cloud. The organization size is segmented into small medium businesses and large enterprises. In addition, the report classifies the industry verticals as BFSI, healthcare, IT and telecom, retail, manufacturing, education, government, media & entertainment and others.
Furthermore, the report also includes an extensive analysis of the key players in the Talent management software market space with their profiles, strategies, and developments. The report also provides insights into major market drivers, restraints, opportunities, challenges, global adoption trends, and key issues in the software market.
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The research report categorizes the Talent management software market to forecast the revenues and analyze the trends in each of the following sub-markets:
On the basis of platform types:
- Solutions
- Workforce planning
- Learning Management
- Compensation Management
- Talent Acquisition
- Performance Management
- Services
- Professional Services
- Training and Education
- Support and Maintenance
On the basis of deployment modes:
- On-premise
- Cloud
On the basis of organization size:
- Small Medium Business (SMBs)
- Large enterprises
On the basis of verticals:
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- IT & Telecom
- Retail
- Manufacturing
- Education
- Government
- Media & Entertainment
- Others (transport & logistics, energy & power and automotive)
On the basis of regions
- North America (NA)
- Europe (EU)
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
- Latin America (LA)
Companies across all domains are in constant need of good quality employees with talent and aptitude for the jobs. Talent management has become an integral part of businesses today. The talent management comprises of various functionalities ranging from scouting, identifying, acquiring newer talents from the talent pools as well as management and retaining the existing of talent quotient in the companies. This talent quotient is nothing but the employees and potential employees. In the days before the technological advents of today, talent management was a core human resource function which used traditional methodologies in order to hire and manage employees. Technological advancements have led to the genesis of the Talent management software market which provides solutions and services that enable easy and efficient talent management methods to provide the most accurate results. Furthermore these solutions and services help the companies to gather and analyze candidate and employee information in order to gauze it on parameters specific to the company which makes it easy to appoint the right person for the right task.
The major factor driving the market has been analyzed to be the increased need for real time employee engagement in companies throughout all domains. Furthermore the rising uses of social platforms have led to the integration of talent management functionalities with these platforms. These capabilities further boost the market for talent management software. The market has been showing a high growth trend in the recent years which is expected to continue for the forecast period. With globalization and expansions of business horizon in every sector, there is an increasing need for the more and more talent base which further fuels the talent management software market. However organizations still prefer the traditional methodologies for talent management due to a severe lack of awareness about the technologies. This acts as a hurdle for the market growth.
In this report, an in-depth study of the market trends, market sizing, competitive mapping, and market dynamics of the Talent Management Software market has been provided. The trends, drivers, and opportunities in the market distinctly indicate noteworthy growth in the next 5 years. The talent management software market is broadly segmented into software and services. The services market is further segmented into professional Services, Training and education, and support and maintenance; by deployment type into on-premises and cloud; by the user type into SMBs (Small and medium business) and Large enterprise; by region into NA, Europe, APAC, MEA, and LA. Also the report provides segmentation on the basis of various industry types such as BFSI, healthcare, retail and others.
MarketsandMarkets forecasts that the global talent management software market is expected to grow from $5,270.3 million in 2014 to $11,367.0 million by 2019, at a Compound Annual Growth Rate (CAGR) of 16.6%. The table given below highlights the market size of the global market. The market is expected to grow from $3,618.9 million in 2014 to $7,222.6 million by 2019, at a CAGR of 14.8% during the forecast period. The Talent management services market is expected to grow from $1652.0 million in 2014 to $4,144.4 million by 2019, at a CAGR of 20.2% during the forecast period. The growing d business complexities are one of the factors; majorly driving the market.
Source: MarketsandMarkets Analysis
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 15)
2.1 Research Methodology
2.2 Market Size Estimation
2.3 Market Breakdown And Data Triangulation
2.4 Market Share Estimation
2.4.1 Key Data From Secondary Sources
2.4.2 Key Data
2.4.3 Key Industry Insights
2.5 Assumptions
3 Executive Summary (Page No. - 22)
4 Premium Insights (Page No. - 27)
4.1 Attractive Market Opportunities In The Market
4.2 Talent Management Software Market: Technological Shift
4.3 BFSI And IT & Telecom Is The Top Revenue Generating Verticals In The Talent Management Software Market
4.4 Global Market Size, By Organization Size (20142019)
4.5 Global Talent Management Software
4.6 Lifecycle Analysis, By Region
5 Talent Management Software Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Solutions
5.2.2 By Services
5.2.3 By Deployment Mode
5.2.4 By Organization Size
5.2.5 By Vertical
5.2.6 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Need Of Real-Time Employee Engagement
5.3.1.2 Emergence Of Social Platform
5.3.1.3 Increasing Demand Of Cloud-Based Talent Management Software Module And Suite
5.3.2 Restraints
5.3.2.1 Budget Constraint That Restricts The Adoption Of Talent Management Software Suite
5.3.2.2 Use Of Traditional Methodologies Due To Lack Of Awareness
5.3.3 Opportunities
5.3.3.1 Evolving The Need Of Big Data Analytics In HR
5.3.4 Challenges
5.3.4.1 Integration Across Various Talent Management Suites
5.3.4.2 Lack Of Skilled And Proficient Talent
5.3.5 Burning Issues
5.3.5.1 Mobile Platform Will Continue To Play A Crucial Role
5.3.5.2 Video Platform For Recruitment
6 Industry Trends (Page No. - 41)
6.1 Value Chain Analysis
6.2 Porters Five Forces Analysis
6.2.1 Threat From New Entrants
6.2.2 Threat From Substitutes
6.2.3 Bargaining Power Of Suppliers
6.2.4 Bargaining Power Of Buyers
6.2.5 Intensity Of Competitive Rivalry
7 Market Analysis, By Solutions (Page No. - 46)
7.1 Introduction
7.2 Solutions
7.2.1 Workforce Planning
7.2.2 Learning Management
7.2.3 Compensation Management
7.2.4 Talent Acquisition
7.2.5 Performance Management
8 Talent Management Software Market Analysis, By Services (Page No. - 54)
8.1 Introduction
8.2 Professional Services
8.3 Training And Education
8.4 Support And Maintenance
9 Market Analysis, By Deployment Mode (Page No. - 59)
9.1 Introduction
9.2 On-Premises
9.3 On-Demand/Cloud
10 Market Analysis, By Organization Size (Page No. - 63)
10.1 Introduction
10.2 Small And Medium Businesses (SMBS)
10.3 Large Businesses
11 Talent Management Software Market Analysis, By Vertical (Page No. - 67)
11.1 Introduction
11.2 BFSI
11.3 Healthcare
11.4 IT And Telecom
11.5 Retail
11.6 Manufacturing
11.7 Education
11.8 Government
11.9 Media And Entertainment
11.10 Others
12 Geographic Analysis (Page No. - 79)
12.1 Introduction
12.2 North America (NA)
12.3 Europe
12.4 Asia-Pacific (APAC)
12.5 Middle East And Africa (MEA)
12.6 Latin America (LA)
13 Competitive Landscape (Page No. - 97)
13.1 Overview
13.2 Market Share Analysis, Talent Management Software Market
13.3 Competitive Situation And Trends
13.3.1 New Product Launches
13.3.2 Partnerships And Collaborations
13.3.3 Mergers And Acquisitions
13.3.4 Venture Capital (VC) Funding
14 Company Profile (Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MNM View)* (Page No. - 107)
14.1 Introduction
14.2 Cornerstone Ondemand, INC.
14.3 IBM Corporation
14.4 Lumesse
14.5 Oracle Corporation
14.6 Peoplefluent
14.7 Skillsoft
14.8 Saba Software
14.9 SAP Successfactors
14.10 Talentsoft
14.11 Halogen Software
*Details On Business Overview, Products & Services, Key Insights, Recent Developments, Swot Analysis, Mnm View Might Not Be Captured In Case Of Unlisted Companies.
15 Appendix (Page No. - 142)
15.1 Industry Experts
15.2 Discussion Guide
15.3 Introducing RT: Real-Time Market Intelligence
15.4 Available Customizations
15.5 Related Reports
List Of Tables (67 Tables)
Table 1 Global Talent Management Software Market, 20142019 ($Million, Y-O-Y %)
Table 2 Talent Management Software Market Size, By Solutions And Services , 20122019 ($Million)
Table 3 Market Size, By Solutions, 20122019 ($Million)
Table 4 Workforce Planning: Market Size, By Region, 20122019 ($Million)
Table 5 Learning Management: Market Size, By Region,20122019 ($Million)
Table 6 Compensation Management: Market Size, By Region,20122019 ($Million)
Table 7 Talent Acquisition: Market Size, By Region, 20122019 ($Million)
Table 8 Performance Management: Market Size, By Region,20122019 ($Million)
Table 9 Services Market Size, 20122019 ($Million)
Table 10 Professional Services: Market Size, By Region,20122019 ($Million)
Table 11 Training And Education: Market Size, By Region,20122019 ($Million)
Table 12 Support And Maintenance: Talent Management Software Market Size, By Region,20122019 ($Million)
Table 13 Talent Management Software Market Size, By Deployment Type, 20122019 ($Million)
Table 14 On-Premises: Market Size, By Region, 20122019 ($Million)
Table 15 On-Demand/Cloud: Market Size, By Region, 20122019 ($Million)
Table 16 Market Size, By Organization Size, 20122019 ($Million)
Table 17 SMB: Talent Management Software Market Size, By Region, 20122019 ($Million)
Table 18 Large Businesses: Talent Management Software Market Size, By Region, 20122019 ($Million)
Table 19 Market Size, By Vertical Type, 20122019 ($Million)
Table 20 BFSI: Market Size, By Region, 20122019 ($Million)
Table 21 BFSI: Market Size, By Solutions And Services, 20122019 ($Million)
Table 22 Healthcare: Market Size, By Region, 20122019 ($Million)
Table 23 Healthcare: Market Size, By Solutions And Services,20122019 ($Million)
Table 24 IT And Telecom: Talent Management Software Market Size, By Region, 20122019 ($Million)
Table 25 IT And Telecom: Market Size, By Solutions And Services,20122019 ($Million)
Table 26 Retail: Market Size, By Region, 20122019 ($Million)
Table 27 Retail: Market Size, By Solutions And Services,20122019 ($Million)
Table 28 Manufacturing: Market Size, By Region, 20122019 ($Million)
Table 29 Manufacturing: Market Size, By Solutions And Services,20122019 ($Million)
Table 30 Education: Market Size, By Region, 20122019 ($Million)
Table 31 Education: Market Size, By Solutions And Services,20122019 ($Million)
Table 32 Government: Market Size, By Region, 20122019 ($Million)
Table 33 Government: Market Size, By Solutions And Services,20122019 ($Million)
Table 34 Media And Entertainment: Market Size, By Region,20122019 ($Million)
Table 35 Media And Entertainment: Market Size, By Solutions And Services, 20122019 ($Million)
Table 36 Others: Talent Management Software Market Size, By Region, 20122019 ($Million)
Table 37 Others: Market Size, By Solutions And Services,20122019 ($Million)
Table 38 Talent Management Software Market Size, By Region, 20122019 ($Million)
Table 39 NA: Market Size, By Vertical, 20122019 ($Million)
Table 40 NA: Market Size, By Solutions, 20122019 ($Million)
Table 41 NA: Market Size, By Services, 20122019 ($Million)
Table 42 NA: Market Size, By Deployment Mode, 20122019 ($Million)
Table 43 NA: Market Size, By Organization Size, 20122019 ($Million)
Table 44 Europe: Talent Management Software Market Size, By Vertical, 20122019 ($Million)
Table 45 Europe: Market Size, By Solutions, 20122019 ($Million)
Table 46 Europe: Market Size, By Services, 20122019 ($Million)
Table 47 Europe: Market Size, By Deployment Mode, 20122019 ($Million)
Table 48 Europe: Market Size, By Organization Size, 20122019 ($Million)
Table 49 APAC: Talent Management Software Market Size, By Vertical, 20122019 ($Million)
Table 50 APAC: Market Size, By Solutions, 20122019 ($Million)
Table 51 APAC: Market Size, By Services, 20122019 ($Million)
Table 52 APAC: Market Size, By Deployment Mode, 20122019 ($Million)
Table 53 APAC: Market Size, By Organization Size, 20122019 ($Million)
Table 54 MEA: Talent Management Software Market Size, By Vertical, 20122019 ($Million)
Table 55 MEA: Market Size, By Solutions, 20122019 ($Million)
Table 56 MEA: Market Size, By Services, 20122019 ($Million)
Table 57 MEA: Market Size, By Deployment Mode, 20122019 ($Million)
Table 58 MEA: Market Size, By Organization Size, 20122019 ($Million)
Table 59 LA: Talent Management Software Market Size, By Vertical, 20122019 ($Million)
Table 60 LA: Market Size, By Solutions, 20122019 ($Million)
Table 61 LA: Market Size, By Services, 20122019 ($Million)
Table 62 LA: Market Size, By Deployment Mode, 20122019 ($Million)
Table 63 LA: Market Size, By Organization Size, 20122019 ($Million)
Table 64 New Product Launches, 20122014
Table 65 Partnerships And Collaborations, 20122014
Table 66 Mergers And Acquisitions, 20122014
Table 67 VC Funding, 20122014
List Of Figures (53 Figures)
Figure 1 Market Size Estimation Methodology: Bottom-Up Approach
Figure 2 Market Size Estimation Methodology: Top-Down Approach
Figure 3 Breakdown Of Primary Interview: By Company Type, Designation,
And Region
Figure 4 Data Triangulation
Figure 5 Evolution Of Talent Management Software
Figure 6 Talent Management Software Market Size, By Vertical (20142019)
Figure 7 Global Market Size , By Solutions (20142019)
Figure 8 Global Market Share, 2014
Figure 9 High Growth Is Expected In The Market
Figure 10 Significant Shift From On-Premises To Cloud Solutions
Figure 11 Market Size Of Industry Verticals In The Global Market (2014)
Figure 12 The Talent Management Software Market Is Quite Promising For The SMBs In The Forecast Period
Figure 13 Learning Management Solution And BFSI Vertical Holds The Maximum Growth Prospect In The Forecast Period
Figure 14 Regional Lifecycle
Figure 15 Talent Management Software Market: By Solutions
Figure 16 Market: By Services
Figure 17 Market: By Deployment Mode
Figure 18 Talent Management Software Market: By Organization Size
Figure 19 Market: By Vertical
Figure 20 Market, By Region
Figure 21 Emerging Need Of Real-Time Employee Engagement And Social Media Collaboration Will Drive The Market For The Market
Figure 22 Value Chain Analysis
Figure 23 Porters Five Force Analysis (2014): Intense Competition From The Emergence Of Niche Players Is Increasing Competition In The Market
Figure 24 Services Segment Is Expected To Gain Significant Traction During The Forecast Period
Figure 25 Talent Acquisition To Takeover The Maximum Market Size In 2019
Figure 26 Learning Management Will Gain Significant Traction During The Forecast Period
Figure 27 Professional Services Is Witnessed To Grow Fastest During The Forecast Period
Figure 28 Service Segment Is Expected To Gain Significant Traction During The Forecast Period
Figure 29 The Cloud Solutions Are Rapidly Covering The Talent Management Software Market
Figure 30 Talent Management Software Market Is Dominated By Large Businesses While Significant Adoption Is Expected From SMBs
Figure 31 The Global Market Is Dominated By BFSI And Healthcare Industries
Figure 32 Geographic Snapshot: APAC Is Emerging As A New Hot Spot For Vendors
Figure 33 Geographic Snapshot (20142019): Rapid-Growth Markets Are Expected From Emerging Regions Such As APAC And MEA
Figure 34 APAC: An Attractive Destination For The Talent Management Software Market
Figure 35 NA Market Snapshot: Workforce Planning Is Expected To Contribute The Maximum To The Market Size In 2014
Figure 36 APAC Is One Of The Fastest Growing Regions In The Market
Figure 37 Companies Adopted Partnership And Agreements As The Key Growth Strategy From 2012 To 2014
Figure 38 Global Software Market Share, By Key Player, 2013
Figure 39 Area-Chart Showing Historical CAGR Of Top 4 Players
Figure 40 Talent Management Software Market Evaluation Framework
Figure 41 Battle For Market Share: New Product Launch And Product Enhancement Was The Key Strategy
Figure 42 Geographic Revenue Mix Of The Top 5 Market Players
Figure 43 Cornerstone Ondemand, INC.: Company Snapshot
Figure 44 SWOT Analysis: Cornerstone Ondemand, INC.
Figure 45 IBM Corporation: Company Snapshot
Figure 46 SWOT Analysis: IBM Corporation
Figure 47 Oracle Corporation: Company Snapshot
Figure 48 SWOT Analysis: Oracle Corporation
Figure 49 SABA Software: Company Snapshot
Figure 50 SWOT Analysis: Saba Software
Figure 51 SAP Successfactors: Company Snapshot
Figure 52 SWOT Analysis: SAP Successfactors
Figure 53 Halogen Software: Company Snapshot
Growth opportunities and latent adjacency in Talent Management Software (TMS) Market
Learning evaluation, analytics and effectiveness segment market size
TMS market potential and current vendors in APAC region
Interested in applicant tracking software industry estimated on country/industry level