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PUBLISHER: IMARC | PRODUCT CODE: 1390904
PUBLISHER: IMARC | PRODUCT CODE: 1390904
Talent Management Software (TMS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 145 Pages
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Abstract
The global talent management software (TMS) market size reached US$ 12.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15.83% during 2022-2028.
A talent management software (TMS) refers to a workforce management application that involves performance management, strategic hiring and employee development. It enables organizations to track and manage their employees by setting goals, identifying and closing skill gaps, providing personalized development plants and facilitating appraisals. It provides employers with the tools to accurately manage, evaluate, and compensate based on employee performance. This enables organizations to foster a culture of career development and improve the overall performance of the employees. Owing to this, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, information technology (IT), retail, and manufacturing industries.
Talent Management Software (TMS) Market Trends:
The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based personnel management systems, is one of the key factors driving the growth of the market. Organizations and human resource professionals are increasingly adopting software-as-a-service (SaaS) platforms for automating scouting, identifying and acquiring new talents from the talent pools and retaining the existing talent. A TMS also enables in streamlining the recruitment process, reinforce workforce culture, provide agile learning opportunities and identify the top performers. Additionally, various technological advancements, such as the utilization of machine learning (ML) and artificial intelligence (AI), are also acting as growth inducing factors. The software uses optical trackers to monitor individuals and to identify market trends and patterns through transactional activities and analytical inputs. Other factors, including the growing need to replace traditional talent management methods to optimize the utilization of resources and improve the quality of hiring decisions, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global talent management software (TMS) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type, end user and vertical.
Breakup by Component:
Solutions
Workforce Planning
Learning Management
Compensation Management
Talent Acquisition
Performance Management
Services
Professional Services
Training and Education
Support and Maintenance
Breakup by Deployment Type:
On-premises
Cloud-based
Breakup by End User:
Small and Medium Enterprises
Large Enterprises
Breakup by Vertical:
BFSI
Healthcare
IT and Telecom
Retail
Manufacturing
Education
Government
Media and Entertainment
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Cornerstone Ondemand Inc., International Business Machines Corporation, Oracle Corporation, SilkRoad Technology, Skillsoft Corporation, Talentguard Inc., Talentsoft, Ultimate Software, Workday Inc., etc.
Key Questions Answered in This Report:
- How has the global talent management software (TMS) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global talent management software (TMS) market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment type?
- What is the breakup of the market based on the end user?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global talent management software (TMS) market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2316
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Talent Management Software (TMS) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Solutions
- 6.1.1 Market Trends
- 6.1.2 Major Types
- 6.1.2.1 Workforce Planning
- 6.1.2.2 Learning Management
- 6.1.2.3 Compensation Management
- 6.1.2.4 Talent Acquisition
- 6.1.2.5 Performance Management
- 6.1.3 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Major Types
- 6.2.2.1 Professional Services
- 6.2.2.2 Training and Education
- 6.2.2.3 Support and Maintenance
- 6.2.3 Market Forecast
7 Market Breakup by Deployment Type
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End User
- 8.1 Small and Medium Enterprises
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Large Enterprises
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Vertical
- 9.1 BFSI
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Healthcare
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 IT and Telecom
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Retail
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Manufacturing
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Education
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Government
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 9.8 Media and Entertainment
- 9.8.1 Market Trends
- 9.8.2 Market Forecast
- 9.9 Others
- 9.9.1 Market Trends
- 9.9.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Cornerstone Ondemand Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 International Business Machines Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Oracle Corporation
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 SilkRoad Technology
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Skillsoft Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Talentguard Inc.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Talentsoft
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 Ultimate Software
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 SWOT Analysis
- 15.3.9 Workday Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.1 Cornerstone Ondemand Inc.
Product Code: SR112023A2316
List of Figures
- Figure 1: Global: Talent Management Software Market: Major Drivers and Challenges
- Figure 2: Global: Talent Management Software Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Talent Management Software Market: Breakup by Component (in %), 2022
- Figure 4: Global: Talent Management Software Market: Breakup by Deployment Type (in %), 2022
- Figure 5: Global: Talent Management Software Market: Breakup by End User (in %), 2022
- Figure 6: Global: Talent Management Software Market: Breakup by Vertical (in %), 2022
- Figure 7: Global: Talent Management Software Market: Breakup by Region (in %), 2022
- Figure 8: Global: Talent Management Software Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Talent Management Software (Solutions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Talent Management Software (Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Talent Management Software (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Talent Management Software (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Talent Management Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Talent Management Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Talent Management Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Talent Management Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Talent Management Software (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Talent Management Software (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Talent Management Software (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Talent Management Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Talent Management Software (BFSI) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Talent Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Talent Management Software (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Talent Management Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Talent Management Software (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Talent Management Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Talent Management Software (Retail) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Talent Management Software (Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Talent Management Software (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Talent Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Talent Management Software (Education) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Talent Management Software (Education) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Talent Management Software (Government) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Talent Management Software (Government) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Talent Management Software (Media and Entertainment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Talent Management Software (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Talent Management Software (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Talent Management Software (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: North America: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: North America: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: United States: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: United States: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Canada: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Canada: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Asia Pacific: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Asia Pacific: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: China: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: China: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Japan: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Japan: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: India: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: India: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: South Korea: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: South Korea: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Australia: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Australia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Indonesia: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Indonesia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Europe: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Europe: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Germany: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Germany: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: France: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: France: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: United Kingdom: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: United Kingdom: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Italy: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Italy: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Spain: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Spain: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Russia: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Russia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Latin America: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Latin America: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Brazil: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Brazil: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Mexico: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Mexico: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Others: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Middle East and Africa: Talent Management Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Middle East and Africa: Talent Management Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Global: Talent Management Software Industry: SWOT Analysis
- Figure 88: Global: Talent Management Software Industry: Value Chain Analysis
- Figure 89: Global: Talent Management Software Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Talent Management Software Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Talent Management Software Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Talent Management Software Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
- Table 4: Global: Talent Management Software Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Talent Management Software Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
- Table 6: Global: Talent Management Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Talent Management Software Market Structure
- Table 8: Global: Talent Management Software Market: Key Players
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