Global Talent Management Software Market Insights, Forecast to 2028

The Talent Management Software Market is projected to reach USD 33880 million by 2028 from USD 13120 million in 2021, at a CAGR of 14.3% during 2022-2028. In 2018, the global Talent Management Software market size was 7860 million US$ and it is expected to reach 29700 million US$ by the end of 2025, with a CAGR of 18.1% between 2019 and 2025.

A rapid shift toward web-based applications and digitization is the major driver for the increased demand for software solutions, whereas the rate at which different industries are adopting talent management tools and solutions is further anticipated to result in the influx of new and enhanced tools in the marketplace. The industry is expanding at a rapid rate owing to many reasons including extensive research and development activities, an optimistic investment landscape, and the increasing interest of large technology companies in the industry developments.

Talent management software enables the control and management of various aspects of HR actions and helps maintain employees’ details from the date of joining to the date of retirement. Moreover, talent management software incorporates HR activities such as performance management, career pathing management, succession planning, compensation management, assessment, and other core HR solutions, for instance, payroll management and leave management. Talent management software helps to develop the productivity of HR staff by providing self-service web interfaces.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Talent Management Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Talent Management Software market in terms of revenue.

Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Talent Management Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Talent Management Software market.

Because of greater technological adoption and the availability of technical know-how about the industry, the North American region is expected to be the most lucrative.

The BFSI sector's demand for talent management solutions is being driven by the changing dynamics of employee relationships and the domain's increasing reliance on digitization for management.

The talent Management Software market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Talent Management Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.

Talent Management Software Market by Type

• Software as A Service (SaaS)
• Application Service Provider (ASP)

Talent Management Software Market by Application

• BFSI
• Education
• Manufacturing
• Telecom & IT
• Others

Talent Management Software Market by Company

• SAP
• Cornerstone on Demand
• Saba
• Workday
• Skillsoft SumTotal
• Ultimate Software
• Talentsoft
• Learning Technologies
• Oracle
• Haufe
• Cegid
• PageUp
• Lumesse
• ADP
• Eightfold
• SilkRoad
• Ceridian
• iCIMS
• Kenexa
• Taleo Corporation

Talent Management Software Market by Region

• North America
• United States
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA