PUBLISHER: QKS Group | PRODUCT CODE: 1637532
PUBLISHER: QKS Group | PRODUCT CODE: 1637532
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that Talent Management Software (TMS) Market is Projected to Register a CAGR of above average by 2028 in China.
China's ascent as a pivotal market for Talent Management Software (TMS) is driven by several factors. Firstly, rapid economic growth and technological advancement have propelled Chinese companies to prioritize efficient HR management to sustain competitiveness. Secondly, amidst demographic changes and urbanization, there's a pressing need for TMS to optimize talent acquisition, development, and retention strategies. Thirdly, increasing globalization necessitates robust HR solutions to attract and manage diverse talent pools. Additionally, stringent regulatory requirements and evolving labor laws underscore the demand for compliant and transparent HR practices facilitated by TMS. Lastly, cultural shifts towards performance-driven and meritocratic workplaces further catalyze the adoption of TMS in China, positioning it as a crucial growth market for TMS providers aiming to support organizational success and innovation.
Quadrant Knowledge Solutions defines a talent management application as "a comprehensive software suite that enables organizations to efficiently oversee their workforce by automating diverse HR functions such as recruitment, onboarding, learning and development, succession and leadership development, opportunity marketplace, performance management, compensation, engagement surveys, and analytics and reporting. Talent management applications are designed using a range of technologies, such as artificial intelligence and machine learning. The applications aim to simplify HR processes and enhance decision-making in the field of talent management."
QKS Group Reveals that Talent Management Software (TMS) Market is Projected to Register a CAGR of above average by 2028 in China.
The market for Talent Management Software (TMS) in China is poised for substantial growth, driven by accelerating digital transformation efforts aimed at optimizing HR processes and enhancing organizational efficiency. As remote work models gain traction, there is a heightened demand for advanced TMS platforms that support virtual collaboration, performance management, and talent development across distributed teams. Chinese enterprises are increasingly focusing on improving employee experience to bolster retention and productivity, leading to increased adoption of AI-powered TMS solutions featuring personalized learning paths and career development tools. Compliance with regulatory requirements, including data protection laws, further encourages the adoption of secure TMS solutions. In a competitive marketplace, both domestic providers and international players are expected to expand their TMS offerings, catering to the diverse needs of organizations across various industries in China.
Quadrant Knowledge Solutions defines a talent management application as "a comprehensive software suite that enables organizations to efficiently oversee their workforce by automating diverse HR functions such as recruitment, onboarding, learning and development, succession and leadership development, opportunity marketplace, performance management, compensation, engagement surveys, and analytics and reporting. Talent management applications are designed using a range of technologies, such as artificial intelligence and machine learning. The applications aim to simplify HR processes and enhance decision-making in the field of talent management."