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  4. > Talent Management Software Market by Solution, by Services, by Deployment Mode, by Organization Size, by Verticals, and by Regions - Trends and Forecasts to 2019

The Talent Management software (TMS) market is fast gaining traction primarily due to the increasing complexities and increasing trend of workforce mobility. TMS refers to the various solutions designed by using modern technology to plan, deliver, evaluate and manage an organization structure all the way from strategy formulation to employee learning. Talent management acts as an information system that manages company budget, tracks performance of the learners, resource hiring, training and development and overall functionality of organization.

The inexorable rise in mobile device users and shifting customer growth of web-based social media has generated new avenues in the market. These advancements are considered and resulted in technological developments such as mobile apps, social networking have facilitated businesses with better communication and functionality.
The demand for cloud-based talent management software market is accelerating due to its cost-effective and easy deployment features. Hence, vendors in these markets are coming up with technologies and solutions to increase its adoption in Small and Medium Business (SMB) too. The market is quite competitive with the entry of niche players which provide innovative integration bridge for integrating various application and databases thereby increasing their market bargain capability among the large vendors.

Though there is notable traction of talent management software in large enterprise, emergence of SaaS delivery models has increased its usage in SMB’s too. Still there are certain apprehensions restraining the growth in the talent management software market. The foremost point is lack of adequate knowledge of software which leads to misuse and secondly the budget constraint.

Further, The report provides an in-depth analysis of the Talent management software market across the solution and services types, deployment modes, organization sizes, industry verticals, and regions. The market is also segmented by region into North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA). Among all the regions, North America holds the maximum market size whereas APAC is the major growing areas.

The Talent management software market is expected to grow from $5,270.3 million in 2014 to $11,367.0 million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 16.6% from 2014 to 2019. The key players in this market include Oracle, IBM, Cornerstone ondemand, Lumesse, Peoplefluent, Skillsoft, Saba software, and many others

MarketsandMarkets expects that BFSI, IT and telecom and retail vertical will account for the largest market share throughout the forecast period. However, there are a few revenue pockets, namely healthcare, government, education, manufacturing and media and entertainment that will witness significant growth in this period.

There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.

The report will help the market leaders or new entrants in this market in the following ways:
1. This report segments the market into various sub-segments covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different end users and regions.

2. This report will help in the better understanding of the competitors and gain more insights to better one’s position in business. There is a separate section on competitive landscape, which includes competitor ecosystem, and mergers and acquisitions, partnerships, and agreements. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.

3. The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

Table Of Contents

Talent Management Software Market by Solution, by Services, by Deployment Mode, by Organization Size, by Verticals, and by Regions - Trends and Forecasts to 2019
TABLE OF CONTENTS

1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 12
1.3.1 MARKET COVERED 13
1.3.2 YEARS CONSIDERED 14
1.4 CURRENCY 14
1.5 LIMITATIONS 14
1.6 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 RESEARCH METHODOLOGY 15
2.2 MARKET SIZE ESTIMATION 16
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 19
2.4 MARKET SHARE ESTIMATION 20
2.4.1 KEY DATA FROM SECONDARY SOURCES 20
2.4.2 KEY DATA 20
2.4.3 KEY INDUSTRY INSIGHTS 21
2.5 ASSUMPTIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 27
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE TMS MARKET 27
4.2 TMS MARKET: TECHNOLOGICAL SHIFT 27
4.3 BFSI AND IT and TELECOM IS THE TOP REVENUE GENERATING VERTICALS IN THE TMS MARKET 28
4.4 GLOBAL TMS MARKET SIZE, BY ORGANIZATION SIZE (2014-2019) 29
4.5 GLOBAL TALENT MANAGEMENT SOFTWARE 30
4.6 LIFECYCLE ANALYSIS, BY REGION 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET SEGMENTATION 34
5.2.1 BY SOLUTIONS 34
5.2.2 BY SERVICES 34
5.2.3 BY DEPLOYMENT MODE 35
5.2.4 BY ORGANIZATION SIZE 35
5.2.5 BY VERTICAL 35
5.2.6 BY REGION 36
5.3 MARKET DYNAMICS 36
5.3.1 DRIVERS 37
5.3.1.1 Need of real-time employee engagement 37
5.3.1.2 Emergence of social platform 37
5.3.1.3 Increasing demand of cloud-based TMS module and suite 37
5.3.2 RESTRAINTS 37
5.3.2.1 Budget constraint that restricts the adoption of TMS suite 37
5.3.2.2 Use of traditional methodologies due to lack of awareness 38
5.3.3 OPPORTUNITIES 38
5.3.3.1 Evolving the need of big data analytics in HR 38
5.3.4 CHALLENGES 39
5.3.4.1 Integration across various talent management suites 39
5.3.4.2 Lack of skilled and proficient talent 39
5.3.5 BURNING ISSUES 39
5.3.5.1 Mobile platform will continue to play a crucial role 39
5.3.5.2 Video platform for recruitment 40
6 INDUSTRY TRENDS 41
6.1 VALUE CHAIN ANALYSIS 41
6.2 PORTER'S FIVE FORCES ANALYSIS 43
6.2.1 THREAT FROM NEW ENTRANTS 43
6.2.2 THREAT FROM SUBSTITUTES 44
6.2.3 BARGAINING POWER OF SUPPLIERS 44
6.2.4 BARGAINING POWER OF BUYERS 45
6.2.5 INTENSITY OF COMPETITIVE RIVALRY 45
7 TMS MARKET ANALYSIS, BY SOLUTIONS 46
7.1 INTRODUCTION 47
7.2 SOLUTIONS 48
7.2.1 WORKFORCE PLANNING 50
7.2.2 LEARNING MANAGEMENT 51
7.2.3 COMPENSATION MANAGEMENT 51
7.2.4 TALENT ACQUISITION 52
7.2.5 PERFORMANCE MANAGEMENT 53
8 TMS MARKET ANALYSIS, BY SERVICES 54
8.1 INTRODUCTION 55
8.2 PROFESSIONAL SERVICES 56
8.3 TRAINING AND EDUCATION 57
8.4 SUPPORT AND MAINTENANCE 58

9 TMS MARKET ANALYSIS, BY DEPLOYMENT MODE 59
9.1 INTRODUCTION 60
9.2 ON-PREMISES 61
9.3 ON-DEMAND/CLOUD 61
10 TMS MARKET ANALYSIS, BY ORGANIZATION SIZE 63
10.1 INTRODUCTION 64
10.2 SMALL AND MEDIUM BUSINESSES (SMBS) 65
10.3 LARGE BUSINESSES 66
11 TMS MARKET ANALYSIS, BY VERTICAL 67
11.1 INTRODUCTION 68
11.2 BFSI 69
11.3 HEALTHCARE 71
11.4 IT AND TELECOM 72
11.5 RETAIL 73
11.6 MANUFACTURING 74
11.7 EDUCATION 75
11.8 GOVERNMENT 76
11.9 MEDIA AND ENTERTAINMENT 77
11.10 OTHERS 78
12 GEOGRAPHIC ANALYSIS 79
12.1 INTRODUCTION 80
12.2 NORTH AMERICA (NA) 83
12.3 EUROPE 86
12.4 ASIA-PACIFIC (APAC) 89
12.5 MIDDLE EAST AND AFRICA (MEA) 92
12.6 LATIN AMERICA (LA) 94
13 COMPETITIVE LANDSCAPE 97
13.1 OVERVIEW 97
13.2 MARKET SHARE ANALYSIS, TMS SOFTWARE MARKET 98
13.3 COMPETITIVE SITUATION AND TRENDS 100
13.3.1 NEW PRODUCT LAUNCHES 102
13.3.2 PARTNERSHIPS AND COLLABORATIONS 103
13.3.3 MERGERS AND ACQUISITIONS 105
13.3.4 VENTURE CAPITAL (VC) FUNDING 106

14 COMPANY PROFILE 107
(Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
14.1 INTRODUCTION 107
14.2 CORNERSTONE ONDEMAND, INC. 108
14.3 IBM CORPORATION 112
14.4 LUMESSE 116
14.5 ORACLE CORPORATION 119
14.6 PEOPLEFLUENT 123
14.7 SKILLSOFT 126
14.8 SABA SOFTWARE 129
14.9 SAP SUCCESSFACTORS 133
14.10 TALENTSOFT 137
14.11 HALOGEN SOFTWARE 139
*Details on Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX 142
15.1 INDUSTRY EXPERTS 142
15.2 DISCUSSION GUIDE 142
15.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 146
15.4 AVAILABLE CUSTOMIZATIONS 147
15.5 RELATED REPORTS 148


LIST OF TABLES

TABLE 1 GLOBAL TMS MARKET, 2014-2019 ($MILLION, Y-O-Y %) 24
TABLE 2 TMS MARKET SIZE, BY SOLUTIONS AND SERVICES , 2012-2019 ($MILLION) 47
TABLE 3 TMS MARKET SIZE, BY SOLUTIONS, 2012-2019 ($MILLION) 50
TABLE 4 WORKFORCE PLANNING: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 50
TABLE 5 LEARNING MANAGEMENT: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 51
TABLE 6 COMPENSATION MANAGEMENT: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 52
TABLE 7 TALENT ACQUISITION: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 53
TABLE 8 PERFORMANCE MANAGEMENT: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 53
TABLE 9 SERVICES MARKET SIZE, 2012-2019 ($MILLION) 55
TABLE 10 PROFESSIONAL SERVICES: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 57
TABLE 11 TRAINING AND EDUCATION: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 58
TABLE 12 SUPPORT AND MAINTENANCE: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 58
TABLE 13 TMS MARKET SIZE, BY DEPLOYMENT TYPE, 2012-2019 ($MILLION) 60
TABLE 14 ON-PREMISES: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 61
TABLE 15 ON-DEMAND/CLOUD: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 62
TABLE 16 TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012-2019 ($MILLION) 65
TABLE 17 SMB: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 65
TABLE 18 LARGE BUSINESSES: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 66
TABLE 19 TMS MARKET SIZE, BY VERTICAL TYPE, 2012-2019 ($MILLION) 68
TABLE 20 BFSI: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 70
TABLE 21 BFSI: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012-2019 ($MILLION) 70
TABLE 22 HEALTHCARE: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 71
TABLE 23 HEALTHCARE: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 71
TABLE 24 IT AND TELECOM: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 72
TABLE 25 IT AND TELECOM: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 72
TABLE 26 RETAIL: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 73
TABLE 27 RETAIL: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 73
TABLE 28 MANUFACTURING: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 74
TABLE 29 MANUFACTURING: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 74
TABLE 30 EDUCATION: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 75
TABLE 31 EDUCATION: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 75
TABLE 32 GOVERNMENT: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 76
TABLE 33 GOVERNMENT: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 76
TABLE 34 MEDIA AND ENTERTAINMENT: TMS MARKET SIZE, BY REGION,
2012-2019 ($MILLION) 77
TABLE 35 MEDIA AND ENTERTAINMENT: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012-2019 ($MILLION) 77
TABLE 36 OTHERS: TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 78
TABLE 37 OTHERS: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES,
2012-2019 ($MILLION) 78
TABLE 38 TMS MARKET SIZE, BY REGION, 2012-2019 ($MILLION) 80
TABLE 39 NA: TMS MARKET SIZE, BY VERTICAL, 2012-2019 ($MILLION) 84
TABLE 40 NA: TMS MARKET SIZE, BY SOLUTIONS, 2012-2019 ($MILLION) 84
TABLE 41 NA: TMS MARKET SIZE, BY SERVICES, 2012-2019 ($MILLION) 85
TABLE 42 NA: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012-2019 ($MILLION) 85
TABLE 43 NA: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012-2019 ($MILLION) 86
TABLE 44 EUROPE: TMS MARKET SIZE, BY VERTICAL, 2012-2019 ($MILLION) 87
TABLE 45 EUROPE: TMS MARKET SIZE, BY SOLUTIONS, 2012-2019 ($MILLION) 87
TABLE 46 EUROPE: TMS MARKET SIZE, BY SERVICES, 2012-2019 ($MILLION) 88
TABLE 47 EUROPE: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012-2019 ($MILLION) 88
TABLE 48 EUROPE: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012-2019 ($MILLION) 88
TABLE 49 APAC: TMS MARKET SIZE, BY VERTICAL, 2012-2019 ($MILLION) 90
TABLE 50 APAC: TMS MARKET SIZE, BY SOLUTIONS, 2012-2019 ($MILLION) 90
TABLE 51 APAC: TMS MARKET SIZE, BY SERVICES, 2012-2019 ($MILLION) 91
TABLE 52 APAC: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012-2019 ($MILLION) 91
TABLE 53 APAC: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012-2019 ($MILLION) 91
TABLE 54 MEA: TMS MARKET SIZE, BY VERTICAL, 2012-2019 ($MILLION) 92
TABLE 55 MEA: TMS MARKET SIZE, BY SOLUTIONS, 2012-2019 ($MILLION) 93
TABLE 56 MEA: TMS MARKET SIZE, BY SERVICES, 2012-2019 ($MILLION) 93
TABLE 57 MEA: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012-2019 ($MILLION) 94
TABLE 58 MEA: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012-2019 ($MILLION) 94
TABLE 59 LA: TMS MARKET SIZE, BY VERTICAL, 2012-2019 ($MILLION) 95
TABLE 60 LA: TMS MARKET SIZE, BY SOLUTIONS, 2012-2019 ($MILLION) 95
TABLE 61 LA: TMS MARKET SIZE, BY SERVICES, 2012-2019 ($MILLION) 96
TABLE 62 LA: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012-2019 ($MILLION) 96
TABLE 63 LA: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012-2019 ($MILLION) 96
TABLE 64 NEW PRODUCT LAUNCHES, 2012-2014 102
TABLE 65 PARTNERSHIPS AND COLLABORATIONS, 2012-2014 103
TABLE 66 MERGERS AND ACQUISITIONS, 2012-2014 105
TABLE 67 VC FUNDING, 2012-2014 106


LIST OF FIGURES

FIGURE 1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 17
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 17
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEW: BY COMPANY TYPE, DESIGNATION,
AND REGION 18
FIGURE 4 DATA TRIANGULATION 19
FIGURE 5 EVOLUTION OF TMS 23
FIGURE 6 TMS MARKET SIZE, BY VERTICAL (2014-2019) 24
FIGURE 7 GLOBAL TMS MARKET SIZE , BY SOLUTIONS (2014-2019) 25
FIGURE 8 GLOBAL TMS MARKET SHARE, 2014 25
FIGURE 9 HIGH GROWTH IS EXPECTED IN THE TMS MARKET 27
FIGURE 10 SIGNIFICANT SHIFT FROM ON-PREMISES TO CLOUD SOLUTIONS 27
FIGURE 11 MARKET SIZE OF INDUSTRY VERTICALS IN THE GLOBAL TALENT MANAGEMENT SOFTWARE MARKET (2014) 28
FIGURE 12 THE TMS MARKET IS QUITE PROMISING FOR THE SMB'S IN THE FORECAST PERIOD 29
FIGURE 13 LEARNING MANAGEMENT SOLUTION AND BFSI VERTICAL HOLDS THE MAXIMUM GROWTH PROSPECT IN THE FORECAST PERIOD 30
FIGURE 14 REGIONAL LIFECYCLE 31
FIGURE 15 TMS MARKET: BY SOLUTIONS 34
FIGURE 16 TMS MARKET: BY SERVICES 34
FIGURE 17 TMS MARKET: BY DEPLOYMENT MODE 35
FIGURE 18 TMS MARKET: BY ORGANIZATION SIZE 35
FIGURE 19 TMS MARKET: BY VERTICAL 35
FIGURE 20 TMS MARKET, BY REGION 36
FIGURE 21 EMERGING NEED OF REAL-TIME EMPLOYEE ENGAGEMENT AND SOCIAL MEDIA COLLABORATION WILL DRIVE THE MARKET FOR THE TMS MARKET 36
FIGURE 22 VALUE CHAIN ANALYSIS 42
FIGURE 23 PORTER'S FIVE FORCE ANALYSIS (2014): INTENSE COMPETITION FROM THE EMERGENCE OF NICHE PLAYERS IS INCREASING COMPETITION IN THE MARKET 43
FIGURE 24 SERVICES SEGMENT IS EXPECTED TO GAIN SIGNIFICANT TRACTION DURING THE FORECAST PERIOD 47
FIGURE 25 TALENT ACQUISITION TO TAKEOVER THE MAXIMUM MARKET SIZE IN 2019 48
FIGURE 26 LEARNING MANAGEMENT WILL GAIN SIGNIFICANT TRACTION DURING THE FORECAST PERIOD 49
FIGURE 27 PROFESSIONAL SERVICES IS WITNESSED TO GROW FASTEST DURING THE FORECAST PERIOD 55
FIGURE 28 SERVICE SEGMENT IS EXPECTED TO GAIN SIGNIFICANT TRACTION DURING THE FORECAST PERIOD 56
FIGURE 29 THE CLOUD SOLUTIONS ARE RAPIDLY COVERING THE TMS MARKET 60
FIGURE 30 TMS MARKET IS DOMINATED BY LARGE BUSINESSES WHILE SIGNIFICANT ADOPTION IS EXPECTED FROM SMBS 64
FIGURE 31 THE GLOBAL TMS MARKET IS DOMINATED BY BFSI AND HEALTHCARE INDUSTRIES 69
FIGURE 32 GEOGRAPHIC SNAPSHOT: APAC IS EMERGING AS A NEW HOT SPOT FOR TMS VENDORS 81
FIGURE 33 GEOGRAPHIC SNAPSHOT (2014-2019): RAPID-GROWTH MARKETS ARE EXPECTED FROM EMERGING REGIONS SUCH AS APAC AND MEA 81
FIGURE 34 APAC: AN ATTRACTIVE DESTINATION FOR THE TMS MARKET 82
FIGURE 35 NA MARKET SNAPSHOT: WORKFORCE PLANNING IS EXPECTED TO CONTRIBUTE THE MAXIMUM TO THE MARKET SIZE IN 2014 83
FIGURE 36 APAC IS ONE OF THE FASTEST GROWING REGIONS IN THE TMS MARKET 89
FIGURE 37 COMPANIES ADOPTED PARTNERSHIP AND AGREEMENTS AS THE KEY GROWTH STRATEGY FROM 2012 TO 2014 97
FIGURE 38 GLOBAL TMS SOFTWARE MARKET SHARE, BY KEY PLAYER, 2013 98
FIGURE 39 AREA-CHART SHOWING HISTORICAL CAGR OF TOP 4 PLAYERS 99
FIGURE 40 MARKET EVALUATION FRAMEWORK 100
FIGURE 41 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCH AND PRODUCT ENHANCEMENT WAS THE KEY STRATEGY 101
FIGURE 42 GEOGRAPHIC REVENUE MIX OF THE TOP 5 MARKET PLAYERS 107
FIGURE 43 CORNERSTONE ONDEMAND, INC.: COMPANY SNAPSHOT 108
FIGURE 44 SWOT ANALYSIS: CORNERSTONE ONDEMAND, INC. 110
FIGURE 45 IBM CORPORATION: COMPANY SNAPSHOT 112
FIGURE 46 SWOT ANALYSIS: IBM CORPORATION 114
FIGURE 47 ORACLE CORPORATION: COMPANY SNAPSHOT 119
FIGURE 48 SWOT ANALYSIS: ORACLE CORPORATION 121
FIGURE 49 SABA SOFTWARE: COMPANY SNAPSHOT 129
FIGURE 50 SWOT ANALYSIS: SABA SOFTWARE 131
FIGURE 51 SAP SUCCESSFACTORS: COMPANY SNAPSHOT 133
FIGURE 52 SWOT ANALYSIS: SAP SUCCESSFACTORS 135
FIGURE 53 HALOGEN SOFTWARE: COMPANY SNAPSHOT 139

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