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Talent Management Software Market Overview:In this rapidly changing world of technology, talent management software market is projected to show major growth prospects during the forecast period. The talent management software continues to surge further in the corporate industry owing to realizing the importance of talent optimization and how it is the key to a successful business. Emergence of video tools is one major factor driving the growth of talent management software market.
As compared to other regions, the Talent Management Software Market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of talent management software market. This is owing to the presence of large number of established key players and increasing user base on social media platforms in that region. In addition to this, the region also has a well-established infrastructure which allows higher penetration of mobile devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of talent management software market.
The talent management software market is growing rapidly over 16% of CAGR and is expected to reach at approx. USD 16 billion by the end of forecast period.
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Major Key Players:
• Halogen Software (Canada)
• Taleo Corporation (U.S.
• Cornerstone OnDemand (U.S.)
• Kenexa (U.S.)
• Sumtotal Systems, Inc. (U.S.)
• iCims, Inc. (U.S.)
• Skillsoft (U.S.)
• Talentsoft (France)
• Lumesse Ltd. (U.K.)
• Saba Software (U.S.)
Talent Management Software Market Regional Analysis:
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the talent management software market in North America owing to the presence of a large number of established key players such as Halogen Software, Taleo Corporation, Cornerstone OnDemand, Kenexa, Sumtotal Systems, Inc., iCims, Inc., Skillsoft and Saba Software among others. Also, U.S. is leading the market in North America due to the technological advancements and growing need for real time employee engagement in the region.
Talent management software market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 owing to increasing demand for cloud based applications and growing adoption of social media platforms in China, Japan, and India in the region. Whereas, the Europe market for talent management software is expected to grow at a considerable CAGR (2017-2023).
Talent Management Software Market Competitive Analysis:
The market of talent management software appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape.
Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Talent Management Software Market Segmentation:
The talent management software market can be classified into 5 key segments for the convenience of the report and enhanced understanding;
Segmentation by Component: Solution and Services. The solution segment is further segmented into Workforce planning, Learning Management, Compensation Management, Talent Acquisition and Performance Management. The service segment is further segmented into Professional Services, Training and Education and Support and Maintenance
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Segmentation by Deployment: Cloud and On Premise
Segmentation by Organization Size: SMEs and Large Enterprises
Segmentation by Application: BFSI, Healthcare, IT & Telecommunication, Manufacturing, Retail, Education, Media & Entertainment and Government among others
Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World.
Table of Content
1. Report prologue
2. Introduction
2.1 Definition
2.2 Scope of the study
2.2.1 Research objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market structure
Continued…
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