The global talent
management software market is expected to reach USD 24.03 billion by
2025 according to a new report by Grand View Research, Inc. The talent
management software industry is anticipated to undergo a series of changes
owing to various factors such as decreasing employment rate, changing work
environment, the rise of freelancing and contract work, and a globalized
workforce.
The most pertinent of the factors is the advent
of new software and technologies, such as big data analytics, social media, and
the Internet. Mobile platforms are also revolutionizing some important talent
management stages, such as recruitment and learning & training, thus
driving competition in the market.
Industry leaders have been providing the products
in the market for quite some time now but trends such as transparency,
customization, and employee engagement are expected to be at the forefront of
the new and upcoming offerings to customers. The increasing use of analytics to
map the performances and predict the future outcomes has also had a positive
effect on the adaptation to the technology in demand.
Solution integration and the availability of
middleware from vendors are also an important step forward for the industry
standardization. As the industry strides toward larger adoption and rapid
developments in terms of capabilities, many new trends such as Massively Open
Online Courses (MOOCs) and social media adherence, for either pre-hire
assessment or employee feedback management, are gaining traction in the market.
View summary of this report @
http://www.grandviewresearch.com/industry-analysis/talent-management-software-market
Further key findings from the report suggest:
·
The human resource departments are responsible
for decisions concerning talent management systems and are witnessing a shift
toward integrated solutions
·
Organizations, they are in search of platforms
to integrate the disconnected systems
·
As the industry is moving toward digital
management and cloud-based applications, there is a looming threat of data
breaches and hacking incidents
·
Key industry participants include IBM Corp.,
Oracle Corp., SAP SE, Peoplefluent Inc., CornerStone OnDemand Inc., Haufe
Group, Lumesse AS, DelTek Inc., Saba Software Inc., and Halogen Software Inc.,
among others
·
The industry may also witness a rise in the
number of small companies and start-ups that address the niche markets and
provide customized solutions while being susceptible to acquisitions and
mergers of smaller firms as well as the entry of technology giants to
capitalize on the market opportunities
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the talent management software market on the basis of solution, deployment, application, and region:
Talent management software solution outlook (Revenue, USD Million; 2014 - 2025)
·
Recruiting Management
·
Compensation Management
·
Employee Lifecycle Management
·
Learning and Training Management
·
Performance Management
Talent management software deployment outlook (Revenue, USD Million;
2014 - 2025)
·
On-Premise
·
Cloud
Talent management software application outlook (Revenue, USD
Million; 2014 - 2025)
·
BFSI
·
Retail
·
IT & Telecom
·
Healthcare
·
Government
·
Education
·
Others
Talent management software regional outlook (Revenue, USD Million;
2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
·
Middle East & Africa (MEA)
For press release of this report - http://www.grandviewresearch.com/press-release/global-talent-management-software-market
No comments:
Post a Comment