Market Research Report
Global Talent Management Software Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||239353|
|Published||Content info||118 Pages
Delivery time: 1-2 business days
|Global Talent Management Software Market 2019-2023|
|Published: August 6, 2019||Content info: 118 Pages||
Technavio's talent management software market analysis considers sales from both cloud-based and on-premise. Our analysis also considers the sales of talent management software in APAC, Europe, MEA, North America, and South America. In 2018, the cloud-based segment had a significant share, and this trend is expected to continue over the forecast period. Factors such as rapid digitization of businesses will play a significant role in the cloud-based segment to maintain its market position. Also, our global talent management software market report also looks at factors such as benefits associated with talent management software, rise in adoption of cloud-based talent management software, and demand for efficiency in talent management and recruiting. However, the uncertainties in the data privacy and security issues with cloud-based products and services, lack of awareness and availability of open-source software and system integration issues may hamper the growth of the talent management software market over the forecast period.
The adoption of cloud computing is increasing globally, owing to the flexibility and cost benefits associated with cloud services. As cloud service providers offer servers, storage space, and hardware, and thus, vendors in the market have started to offer cloud-based talent management software. This rise in adoption of cloud-based talent management software will lead to the expansion of the global talent management software market at a CAGR of over 10% during the forecast period.
The popularity of mobile apps among business and other sectors are increasing. Mobile apps are widely used for e-commerce, payments, food delivery, healthcare, and other purposes due to the high penetration of smartphones in emerging countries. Talent management software simplifies video-based interviews and applicant tracking systems. It also helps in assessing and onboarding talent. These developments are expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global talent management software market during the forecast period 2019-2023, view our report.
With the presence of a few major players, global talent management software market is concentrated. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading talent management software manufacturers, that include Cornerstone OnDemand Inc., Oracle Corp., Saba Software Inc., SAP SE, The Ultimate Software Group Inc.
Also, the talent management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.