Talent Management Software Market Gaining from Emergence of Social Platforms

Published Date : Jul 17, 2017

ALBANY, New York, July 17, 2017 - MarketResearchReports.biz announces the availability of a fresh report in its repository, titled “Global Talent Management Software Market Size, Status and Forecast 2022.” The report provides comprehensive assessment of all major factors that may impact the inflow of the demand for talent management software in the near future, and estimates the scenario of the market until 2022. The report segments the market for talent management software on the basis of type of software, application, and region, as well as profiles a number of leading vendors in order to represent the competitive landscape.

As per the findings of the report, the demand in the global talent management software market will increment at a robust CAGR during the forecast period of 2017 to 2022 due to various factors, including the need for real-time employee engagement, emergence of social platform, increasing demand of cloud-based TMR module and suite, increasing demand for automated recruitment processes, high importance of 360-degree feedback, growing need for cost-effective software solutions, and increased demand for SaaS-based talent management software.

On the other hand, the market for talent management software is facing challenges from the lack of skilled professionals, threat from open-source talent management software, data security and privacy concerns, and high implementation and maintenance costs. Nevertheless, the vendors of this market are expected to gain new opportunities from the proliferation of mobile devices and increased use of mobile apps, increasing use of social media, emergence of video tools, and integration of talent management software analytics tools.

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Based on type, the report segments the global talent management software market into on-premises talent management software, on-demand or cloud talent management software, and web-based talent management software. Application-wise, the market has been categorized into small and medium business and large business. Geographically, the report takes stock of the potential of talent management software market in the region of European Union and Southeast Asia as well as in the countries of the United States, Japan, India, and China.

Some of the leading companies in the global talent management software market that have been profiled in this report are: ADP, IBM, Cornerstone Ondemand, Oracle, Peoplefluent, Lumesse, Saba Software, Skillsoft, SAP, Halogen Software, Talentsoft, SumTotal Systems, Workday, ltimate Software, Taleo, SuccessFactors, GeoLearning, TalentGuard, Centranum, Authoria, and Pathlore. For each of these companies, the report provides business overview, products, services, and solutions, revenue, and recent developments. Apparently, there are a large number of key players, making the global talent management software market highly fragmented in nature with increasing focus on offering customized solutions to the customers. In addition to that, on one hand wherein a number of companies maintain their position via offering integrated solutions for the businesses, whereas others serve to a niche market as well as provide specific functionalities as services or products.

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