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Global Talent Management Software Market 2016-2020

  • ID: 4027492
  • Report
  • December 2016
  • Region: Global
  • 56 pages
  • TechNavio
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FEATURED COMPANIES

  • Acendre
  • Cornerstone OnDemand
  • Infor
  • Oracle
  • Performly
  • Ultimate
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Talent Management Software

Talent management software provides a complete set of tools to automate, monitor, and analyze human resource (HR) functions efficiently in an organization. It enhances the likelihood of the HR department to attract skilled workers, integrate new workers, and retain them for future business demands, which, in turn, shifts the responsibility from the HR department to managers in an organization.

Talent management software has become an integral part of the HR software applications. It aids in the efficient functioning of the HR team in workforce planning, talent acquisition, performance and succession management, and learning and development of the employees. It also assists organizations to establish critical corporate goals in alignment with their employees.

The analysts forecast the global talent management software market to grow at a CAGR of 9.87% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global talent management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of talent management software licenses, installation and implementation, training, maintenance, and subscriptions.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Talent Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Cornerstone OnDemand
- Halogen Software
- Lumesse
- SAP SuccessFactors
- Oracle

Other prominent vendors
- Acendre
- BambooHR
- Infor
- Performly
- PeopleFluent
- Ultimate
- Vector Capital
- Willis Towers Watson
- Workday

Market drivers
- Increased demand for SaaS-based talent management software.
- For a full, detailed list, view the full report

Market challenges
- Lack of skilled professionals to operate talent management software.
- For a full, detailed list, view the full report

Market trends
- Proliferation of mobile devices and increased use of mobile apps in talent management.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • Acendre
  • Cornerstone OnDemand
  • Infor
  • Oracle
  • Performly
  • Ultimate
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Part 01: Executive summary
- Highlights
- Overview of numbers

Part 02: Scope of the report
- Market overview
- Top-vendor offerings

Part 03: Market research methodology
- Research methodology
- Economic indicators

Part 04: Introduction
- Key market highlights

Part 05: Market landscape
- Market overview

Part 06: Market developments
- Increase in outsourcing of talent acquisition process
- Emergence of m-acquisition
- Emergence of varied types of software
- Emergence of online recruitment channels
- Replacing traditional appraisal process with new approach
- Future of performance management and reviews
- Crowdsourced performance review

Part 07: Market size and forecast
- Global talent management software market

Part 08: Market segmentation by deployment model
- Global talent management software market by deployment model

Part 09: Geographical segmentation
- Talent management software market by geography
- Talent management software market in Americas
- Talent management software market in EMEA
- Talent management software market in APAC

Part 10: Market drivers
- Increased demand for automated recruitment processes
- Growing need for cost-effective software solutions
- High importance of 360-degree feedback
- Increased demand for SaaS-based talent management software

Part 11: Impact of drivers

Part 12: Market challenges
- Lack of skilled professionals to operate talent management software
- Threat from open-source talent management software
- Data security and privacy concerns
- High implementation and maintenance costs

Part 13: Impact of drivers and challenges
- Impact of drivers and challenges

Part 14: Market trends
- Proliferation of mobile devices and increased use of mobile apps in talent management
- Increasing use of social media
- Integration of talent management software with analytics tools
- Emergence of video tools

Part 15: Impact of trends
- Impact of trends

Part 16: Buying criteria
- Buying criteria

Part 17: Five forces analysis

Part 18: Vendor landscape
- Competitive landscape
- Other prominent vendors

Part 19: Key vendor profiles
- Cornerstone OnDemand
- Halogen Software
- Lumesse
- SAP SuccessFactors
- Oracle

Part 20: Major M&A

Part 21: Market assumptions
- Market assumptions

Part 22: Appendix
- List of abbreviations

Part 23: About the Author
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FEATURED COMPANIES

  • Acendre
  • Cornerstone OnDemand
  • Infor
  • Oracle
  • Performly
  • Ultimate
  • MORE
 
One Hour Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global Talent Management Software Market 2016-2020

The author of the report recognizes the following companies as the key players in the global talent management software market: Cornerstone OnDemand, Halogen Software, Lumesse, SAP SuccessFactors, and Oracle.

Other Prominent Vendors in the market are: Acendre, BambooHR, Infor, Performly, PeopleFluent, Ultimate, Vector Capital, Willis Towers Watson, and Workday.

Commenting on the report, an analyst from the research team said: “One trend in the market is increasing use of social media. The widespread use of social media in the talent management industry is increasing the business opportunities for the vendors. The sharing of jobs via social media networks such as LinkedIn and Facebook is also contributing to the growth of the market. The social media boom has resulted in the companies modifying their policies on the internet use, sales and marketing, recruitment, and employee retention to include insights gained from social media. The advent of social media in talent management has made hiring managers and recruiters proactive in their approach by engaging with talent across a wide range of social networking platforms.”

According to the report, one driver in the market is increased demand for automated recruitment processes. Recruitment is one of the modules included in the talent management software. Thus, the rising demand for automating recruitment processes is will drive the adoption of talent management software. The recruitment of new talent requires a lot of investment in terms of time and money for any company. Talent management software automates the various activities of recruitment and streamlines the entire hiring process, reducing the overall cost and time needed for the process. Moreover, automating the hiring process increases the chances of recruiting the right candidate for the right post. This is driving many enterprises to adopt automated and streamlined recruitment processes like talent management software, positively affecting the growth of the market.

Further, the report states that one challenge in the market is lack of skilled professionals to operate talent management software. Implementation of talent management software in enterprises is very complex and requires extensive training for the end-users to enable them to understand its functionality. Without proper training, employees are unable to operate the software. This, in turn, slows down the process of extracting required information, reducing the efficiency of the enterprises. Countries like China and India are lagging behind in terms of adoption of talent management software because of lack of proper training and education. In addition, end-users in the developing countries are unaware of the benefits of employing talent management software as they believe the same function can be achieved by manpower. Those, who have adopted this technology are not trained to use the technology to its optimum efficiency. Hence, the lack of skilled professionals is hindering the adoption and use of talent management software.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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One Hour Free Analyst Time

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  • Cornerstone OnDemand
  • Halogen Software
  • Lumesse
  • SAP SuccessFactors
  • Oracle
  • Acendre
  • BambooHR
  • Infor
  • Performly
  • PeopleFluent
  • Ultimate
  • Vector Capital
  • Willis Towers Watson
  • Workday
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