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 Global 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
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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)
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.
For more information: www.grandviewresearch.com
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