Talent Management Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Talent Management Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Talent Management Software Market

The talent management software market size was valued at USD 9.05 billion in 2023, and the market is now projected to grow from USD 10.09 billion in 2024 to USD 25.36 billion by 2032, exhibiting a CAGR of 12.2% during the forecast period of 2023-2030.

In the wake of the COVID-19 outbreak, businesses are anticipated to pivot inside the route of adopting superior technology to optimize operations and reduce fees, thereby stimulating talent management software market growth. The emergence of AI-enabled structures, with their multifaceted blessings, is poised to gasoline huge call for, propelling market expansion in the course of the forecast period.

The growing penetration of cloud-based systems and using cell-based totally skills management structures are key drivers fueling the increase of the knowledge control software program marketplace. Organizations and HR experts are leveraging Software-as-a-Service (SaaS) structures to automate talent scouting, recruitment, and retention. This fashion is substantially contributing to talent management software market share within the skills control software program region.

Due to digitization, companies generate widespread amounts of records, exerting pressure to exploit that information to acquire aggressive blessings. Agencies are an increasing number of adopting cloud-based solutions to turn massive information into applicable insights. Talent control is proving to be a vital competitive advantage for key players. Furthermore, businesses are shifting to cloud-pushed software, due to bendy price and plan options.

Comprehensive Analysis of Talent Management Software Market

The expertise acquisition phase held the most important market share and changed into anticipated to keep growing, attributable to the want for easy onboarding, recruiting, and sourcing processes. Furthermore, recruiting and HR groups use a performance control dashboard to control and tune the recruitment procedure. Thus, the growing demand for performance control dashboards is envisioned to gas the segment boom for the duration of the forecast length. By kind, the market is classified into talent acquisition, overall performance control, repayment control, learning management, and others. Large organizations will likely integrate their talent management structures with emerging technologies to provide services inclusive of personnel headcount and working hours. SMEs are expected to be the early adopters of HR technologies. As a end result, marketplace individuals are being pressured to create cost effective options that produce first-rate and high-fee effects

The North America region lead the medical devices market by benefitting a market size of USD 3.56 billion in 2023. North America ruled the market and is projected to preserve its dominance during the forecast period. According to a Cornerstone OnDemand, Inc. Survey, North America is a probably developed region for adopting skills control, core HR, and recruitment technology.

The top players in the market play a critical function assuring business prospectus growth and setting marketplace standards. These gamers encompass, Cornerstone OnDemand (U.S.), Workday, Inc. (U.S.), Applied Training Systems, Inc. (U.S.), Talentsoft (France), BambooHR LLC(U.S.) Oracle Corporation (U.S.) SAP SE (Germany), IBM Corporation (U.S.), Sage Group % (U.K.) and 15Five (U.S.) those market players provide a stage-playing competitive landscape.

In April 2023, Mitratech introduced the growth of its human assets offering inside the region of criminal and compliance software program by means of obtaining technology organizations. The organization obtained Circa, a company of software program for diversity equity and inclusion, and Trakstar, a talent acquisition, improvement, and performance management answer provider.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 12.2% from 2024 to 2032

Segmentation By Type

Performance Management

Talent Acquisition

Learning Management

Compensation Management

Others (Workforce Planning)

By Enterprise Type

Small and Medium Enterprises (SMEs)

Large Enterprises

By Deployment

Cloud

On-Premise

By End-user

IT and Telecommunication

BFSI

Government

Healthcare

Education

Manufacturing

Others (Retail, M&E)

By Region

North America (By Type, By Enterprise Type, By Deployment, By End-User, and By Country)

- U.S. (By End-User)

- Canada (By End-User)

- Mexico (By End-User)

South America (By Type, By Enterprise Type, By Deployment, By End-User, and By Country)

- Brazil (By End-User)

- Argentina (By End-User)

- Rest of South America

Europe (By Type, By Enterprise Type, By Deployment, By End-User, and By Country)

- U.K. (By End-User)

- Germany (By End-User)

- France (By End-User)

- Italy (By End-User)

- Spain (By End-User)

- Russia (By End-User)

- Benelux (By End-User)

- Nordics (By End-User)

- Rest of Europe

Middle East & Africa (By Type, By Enterprise Type, By Deployment, By End-User, and By Country)

- Turkey (By End-User)

- Israel (By End-User)

- GCC (By End-User)

- North Africa (By End-User)

- South Africa (By End-User)

- Rest of the Middle East & Africa

Asia Pacific (By Type, By Enterprise Type, By Deployment, By End-User, and By Country)

- China (By End-User)

- Japan (By End-User)

- India (By End-User)

- South Korea (By End-User)

- ASEAN (By End-User)

- Oceania (By End-User)

- Rest of Asia Pacific