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

Talent Management Software Market: Forecasts until 2019

  • February 2015
  • 150 pages
  • ID: 2719825
In this report:
BFSI and healthcare verticals has the largest market of $##.## million and $##.## million and is expected to grow at a CAGR of ##.##% and ##.##% respectively from 2014 to 2019 The market for BFSI is expected to reach $2057.## million by 2019, growing at an estimated CAGR of ##.##%, whereas the healthcare vertical is expected to reach $##,##.## million by 2019, growing at an estimated CAGR of ##.##%

Summary

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The Talent Management software market is quick gaining traction primarily due to the growing complexities and rising trend of workforce mobility. TMS refers to the several 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 global functionality of organization.

The inexorable increase in mobile device users and shifting customer rise of web-based social media has generated new avenues in the industry. These advancements are considered and resulted in technological developments including mobile apps, social networking have facilitated businesses with better communication and functionality.

The industry demand for cloud-based talent management software market is accelerating due to its cost-effective and easy deployment features. Therefrom, sellers in these sectors are coming up with technologies and solutions to rise its adoption in Small and Medium Business too. The sector is quite competitive with the entry of niche actors which provide innovative integration bridge for integrating different application and databases thereby growing their market bargain capability among the important vendors.

Though there is notable traction of talent management software in big enterprise, emergence of SaaS delivery models has rised its usage in SMB's too. Still there are certain apprehensions restraining the rise 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.

Futhermore, The industry report offers an detailed review of the Talent management software market across the solution and services types, deployment modes, organization sizes, industry verticals, and territories. The industry is also broken down by area into North America (NA), Europe (EU), Asia Pacific (APAC), Middle East (ME) and African continent, and Latin America area. Among all the areas, North America continent maintains the maximum market size because Asia-Pac is the main increasing areas.

The Talent management software market is anticipated to grow from $5270.30M in 2014 to $11367.00M by 2019, at an estimated Compound Annual Increase rate of 16.60 percent from 2014 to 2019. The top players in this industry contain Oracle Corporation (NYSE:ORCL), IBM (NYSE:IBM), Cornerstone ondemand, Lumesse, Peoplefluent, Skillsoft, Saba software, and many others

MarketsandMarkets expects that Banking, Financial services and Insurance (BFSI), IT and telecom and retail vertical will account for the biggest market share overall the outlook period. Nevertheless, there are a few revenue pockets, namely healthcare, government, education, manufacturing and media and entertainment that will witness significant rise in this period.

There are several assumptions that have been taken into consideration for the sector sizing and forecasting exercise. A few of the overall assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are anticipated to not seriously affect the outlooks in the emerging regions.

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the market into different sub-segments covering this industry overall. The analysis offers the best approximations of the revenue data for the global market and the subsegments. The industry numbers are further split across the distinct end users and localities.

2. This industry report will facilitate in the better understanding of the competitors and obtain additional insights to better one's position in business. There is a separate division on opposing landscape, which comprises competitor landscape, and mergers and acquisitions, alliances, and strategic agreements. Also, there are company profiles of ten actors in this sector. In this part, industry internals are furnished that can put one ahead of the competitors.

3. The market research also helps in understanding the global increase of the market. It offers info on main market drivers, market restraints, opportunities, and alternatives.

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