Global Talent Management Software Market to Reach $18.8 Billion by 2030
The global market for Talent Management Software estimated at US$8.6 Billion in the year 2023, is expected to reach US$18.8 Billion by 2030, growing at a CAGR of 11.7% over the period 2023-2030. Talent Management Solutions, one of the segments analyzed in the report, is expected to record 9.8% CAGR and reach US$10.4 Billion by the end of the analysis period. Growth in the Talent Management Services segment is estimated at 14.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 11% CAGR
The Talent Management Software market in the U.S. is estimated at US$2.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 11% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.8% and 11.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.
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