Press release
Talent Management Software Global Market Report 2025: Swift Growth, Market Competition and Innovation Leading to a CAGR of 11.6%
Talent Management Software Global Market
What Is The Projected Market Size Of The Global Talent Management Software Global Market Report 2025 And Its Growth Rate?
The Talent Management Software Market has experienced significant growth:
• 2024 Market Size: $13.05 billion
• 2025 Market Size: $14.56 billion (CAGR of 11.6%)
• 2029 Market Size: $24.83 billion (CAGR of 14.3%)
Driving factors include vendor innovation, user-friendly interfaces, cloud-based solutions, and performance and goal management.
What Is Driving The Growth In The Talent Management Software Global Market Report 2025?
The growth of the talent management software market can be attributed to the increasing use of social network sites. Promoting an employer's brand on these platforms allows access to a large number of talents and thus, drives the market. As per the study by the University of Maine, nearly 150 million new users joined social media sites between April 2022 and April 2023, adding approximately 410,000 new users daily. This surge in the usage of social network sites significantly drives the demand for talent management software.
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Who Are the Key Players Driving Talent Management Software Global Market Report 2025 Growth?
The key market players include:
• Cornerstone OnDemand Inc.
• International Business Machines Corporation
• Oracle Corporation
• PeopleFluent Holdings Corp.
• Skillsoft Corporation
• SAP SuccessFactors
• TalentSoft SA
• SumTotal Systems LLC
• Workday Inc.
• TalentGuard Inc.
What Are The Key Trends In The Talent Management Software Global Market Report 2025?
Key trends in the Talent Management Software market include:
• Talent mobility and internal mobility
• Employee well-being and engagement
• Integration with HR ecosystem
• Security and compliance features
• Succession planning and leadership development
• Integration with HRIS and ERP systems
What Are The Segments Of The Global Talent Management Software Global Market Report 2025?
The Talent Management Software market is segmented as:
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: SMEs, Large Enterprises
4) By Industry Vertical: BFSI, IT And Telecom, Manufacturing, Government, Healthcare, Education, Retail, Other Industry Verticals
Which Region Leads The Talent Management Software Global Market Report 2025?
North America held the largest market share in 2024. It is followed by Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Talent Management Software Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Talent Management Software Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Talent Management Software Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Talent Management Software Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Talent Management Software Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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The global talent management market to grow from USD 6.46 billion in 2016 to USD 17.57 billion by 2023, at a CAGR of 15.37%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023.
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