Emergence of Digitalization Boosts the Global Market for Talent Management Systems


Published Date : Aug 28, 2017

ALBANY, New York, August 28, 2017: The increasing demand for automated recruitment processes are expected to poise for growth of the global market for talent management systems (TMS) in the near future. MarketResearchReports.biz has added a report, titled as “Global Talent Management Systems (TMS) Market Size, Status and Forecast 2022,” which gives the growth trajectories of this market for the forecast period 2017 – 2022. This report covers various aspects of this market, providing readers with an insightful projection of this market.

Talent management systems have recruitment solution as one of the key application. The increasing demand for recruitment solution is fueling the market for talent management systems all over the world. Furthermore, trends such as the increased use of mobile apps for talent management and proliferation of mobile devices are most likely to help the market expand further. The emergence of tablets and smartphones in the talent management and HR processes is motivating various vendors to launch mobile-friendly websites and HR-specific mobile apps. Moreover, candidates all around the world are using mobile devices to apply for jobs, this is encouraging recruiters to provide advanced mobile applications and utilize the trend of digitalization. All these trends are in favor of the growth of the market. This report covers various factors and trends affecting this market both in positive and negative market.

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To provide 360 degree assessment into the market, the overall market is segmented for various categories such as system types, applications, and regions. The projected market values for all these segments are included that help report owners to draw unidirectional conclusions. Based on the system type, the overall market can be split into compensation management, learning and development, and performance management. On the basis of application, the market can be segmented into large businesses and small and medium businesses (SMB). Geographically, the global market for talent management systems is segmented into Southeast Asia, India, China, Japan, Europe, and the United States. For these regions, the market shares are evaluated along with the expected growth rates they will project over the forecast period. As regional and local trends affect the regional markets, trends affecting these markets are included.

Some of the prominent players operating in this industries are Ceridian, LinkedIn, Lumesse, Workday, Cornerstone OnDemand, ADP, SumTotal, IBM, SAP, and Oracle. Company profiles of these companies are included that provide general information about these companies. Recent developments, projected talent management systems revenue in terms of value for the period of 2012-2017, products, services and solutions, and business overviews of these companies are included. This report also sheds light on the hurdles faced by these companies and their strategies to overcome those hurdles. The opportunities and pitfalls present for these players in the market are evaluated, which give readers total assessment of this market.

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