Global Talent Management Software Market Overview:
Talent management refers to the process of attracting, motivating, developing, engaging, and retaining high performing employees in an organization. The major function of talent management is to enhance the current performance of employees in order to achieve organizational goals. Talent management software is a tool that aids human resource professionals to manage employee’s details under which it offers four varied services including recruitment, performance management, learning & development, and talent development. The demand for talent management software is expected to grow in the forecasted period owing to the growing adoption of mobile phones and raising awareness about the talent management software and its advantages.
- Rise in Mobile-based Talent Management Software
- Safety and Security Concerns
- Potential Growth From Emerging Countries
- Lack of Skilled Professionals
The talent management software market is concentrated. Market vendors are integrating advanced technologies such as artificial intelligence (AI) and big data with talent management software to strengthen their position in the market. Oracle Corp., Saba Software Inc., SAP SE, The Ultimate Software Group Inc., and Workday Inc. are some of the major market participants.
Some of the key players profiled in the report are IBM (United States), Lumesse (United States), Oracle Corporation (United States), Peoplefluent (United States), Skillsoft (United States), SAP Successfactors (United States), Talentsoft (France), Cornerstone Ondemand (United States) and Workday Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Saba Software India Pvt Ltd (India), Ultimate Software (United States) and TalentGuard (United States). Analyst at AdvanceMarketAnalytics see United States Players to retain maximum share of Global Talent Management Software market by 2025. Considering Market by Industry , the sub-segment i.e. BFSI will boost the Talent Management Software market. Considering Market by Component, the sub-segment i.e. Software (Human Resource Planning, Talent Acquisition, Performance Management, and Learning Management) will boost the Talent Management Software market. Considering Market by Organisation Size, the sub-segment i.e. Large Enterprise will boost the Talent Management Software market. Considering Market by Deployment Model, the sub-segment i.e. Cloud-Based will boost the Talent Management Software market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Talent Management Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Talent Management Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.