Talent management software market size to increase by USD 8.01 billion; North America to account for 34% of market growth - Technavio

PR Newswire
Monday, January 30, 2023 at 4:30pm UTC

Talent management software market size to increase by USD 8.01 billion; North America to account for 34% of market growth - Technavio

PR Newswire

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- The Talent Management Software Market by Deployment and Geography - Forecast and Analysis 2022-2026 report has been published by Technavio. Market size is forecast to grow by USD 8.01 billion between 2021 and 2026 at a CAGR of 11.29%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Gain detailed insights into the market study. Buy the report!

Regional Analysis

By region, the global talent management software market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. North America will account for 34% of market growth during the forecast period. Factors such as the increasing acceptance of advanced technologies and the rapid digitalization of industries are driving the growth of the talent management software market in APAC. Download A PDF Sample Report

Company Profiles

The talent management software market report includes information on the key products and recent developments of leading vendors, including:

  • Automatic Data Processing Inc. 
    • The company offers Align talent management software which encourages ongoing collaboration and coaching, delivered in real-time.
    • In January 2020, the company ranked first Leader Overall in Ventana Research's 2020 Value Index on Payroll Software.
    • In February 2021, Industry analyst firm Everest Group positioned ADP as a Leader in its 2021 Multi-Process Human Resources Outsourcing (MPHRO) PEAK Matrix Assessment.
  • Accenture Plc
  • Avalture Ltd.
  • Bamboo HR LLC
  • Bullhorn Inc.
  • Cegid Group
  • Ceipal Corp.
  • Discover more vendor profiles available with Technavio. Download a Sample Report

Market Dynamics

The market is driven by factors such as benefits associated with talent management software, the rise in the adoption of cloud-based talent management software, and the demand for efficiency in talent management and recruiting. However, data privacy and security issues associated with cloud-based products and services are hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

  • By deployment, the market is segmented into cloud-based and on-premise. The cloud-based segment accounted for the largest share of the market in 2021.
  • By geography, the market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. North America held the largest share of the market in 2021.

Related Reports:

  • The workforce management software market is estimated to grow at a CAGR of 6.82% between 2022 and 2027. The size of the market is forecast to increase by USD 2,307.38 million. The need for regulatory compliance is notably driving the market growth, although factors such as high implementation and maintenance costs may impede the market growth.
  • The human capital management (HCM) solutions market is estimated to grow at a CAGR of 8.45% between 2022 and 2027. The size of the market is forecast to increase by USD 11,195.8 million. The increasing demand for unified solutions for all HR functions is notably driving market growth, although factors such as increasing workforce diversity may impede the market growth.

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What are the key data covered in this talent management software market report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2022 and 2026
  • Precise estimation of the size of the talent management software market and its contribution to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa.
  • A thorough analysis of the market's competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of talent management software market vendors.

Talent Management Software Market Scope

Report Coverage

Details

Page number

136

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.29%

Market growth 2022-2026

USD 8.01 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

10.24

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, India, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Automatic Data Processing Inc., Avalture Ltd., Bamboo HR LLC, Bullhorn Inc., Cegid Group, Ceipal Corp., Cornerstone, HireRoad, iCIMS Inc., Infor Inc., International Business Machines Corp., Oracle Corp., Learning Technologies Group Inc., Saba Software Inc., SAP SE, Skillsoft Ltd., Talent Guard Inc., UKG Inc., and Workday Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)
  • 5.2 Comparison by Deployment 
    • Exhibit 26: Chart on Comparison by Deployment
    • Exhibit 27: Data Table on Comparison by Deployment
  • 5.3 Cloud-based - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Cloud-based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Cloud-based - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Cloud-based - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Cloud-based - Year-over-year growth 2021-2026 (%)
  • 5.4 On-premise - Market size and forecast 2021-2026 
    • Exhibit 32: Chart on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on On-premise - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on On-premise - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on On-premise - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Deployment 
    • Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026 
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026 
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026 
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026 
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026 
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 India - Market size and forecast 2021-2026 
    • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026 
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026 
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Automatic Data Processing Inc. 
    • Exhibit 89: Automatic Data Processing Inc. - Overview
    • Exhibit 90: Automatic Data Processing Inc. - Business segments
    • Exhibit 91: Automatic Data Processing Inc. - Key news
    • Exhibit 92: Automatic Data Processing Inc. - Key offerings
    • Exhibit 93: Automatic Data Processing Inc. - Segment focus
  • 10.4 Bullhorn Inc.
    • Exhibit 94: Bullhorn Inc. - Overview
    • Exhibit 95: Bullhorn Inc. - Product / Service
    • Exhibit 96: Bullhorn Inc. - Key offerings
  • 10.5 Cornerstone
    • Exhibit 97: Cornerstone - Overview
    • Exhibit 98: Cornerstone - Product / Service
    • Exhibit 99: Cornerstone - Key news
    • Exhibit 100: Cornerstone - Key offerings
  • 10.6 Infor Inc.
    • Exhibit 101: Infor Inc. - Overview
    • Exhibit 102: Infor Inc. - Product / Service
    • Exhibit 103: Infor Inc. - Key offerings
  • 10.7 International Business Machines Corp. 
    • Exhibit 104: International Business Machines Corp. - Overview
    • Exhibit 105: International Business Machines Corp. - Business segments
    • Exhibit 106: International Business Machines Corp. - Key offerings
    • Exhibit 107: International Business Machines Corp. - Segment focus
  • 10.8 Oracle Corp.
    • Exhibit 108: Oracle Corp. - Overview
    • Exhibit 109: Oracle Corp. - Business segments
    • Exhibit 110: Oracle Corp. - Key news
    • Exhibit 111: Oracle Corp. - Key offerings
    • Exhibit 112: Oracle Corp. - Segment focus
  • 10.9 Saba Software Inc.
    • Exhibit 113: Saba Software Inc. - Overview
    • Exhibit 114: Saba Software Inc. - Product / Service
    • Exhibit 115: Saba Software Inc. - Key offerings
  • 10.10 SAP SE
    • Exhibit 116: SAP SE - Overview
    • Exhibit 117: SAP SE - Business segments
    • Exhibit 118: SAP SE - Key news
    • Exhibit 119: SAP SE - Key offerings
    • Exhibit 120: SAP SE - Segment focus
  • 10.11 UKG Inc.
    • Exhibit 121: UKG Inc. - Overview
    • Exhibit 122: UKG Inc. - Product / Service
    • Exhibit 123: UKG Inc. - Key offerings
  • 10.12 Workday Inc.
    • Exhibit 124: Workday Inc. - Overview
    • Exhibit 125: Workday Inc. - Product / Service
    • Exhibit 126: Workday Inc. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist 
    • Exhibit 127: Inclusions checklist
    • Exhibit 128: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 129: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 130: Research methodology
    • Exhibit 131: Validation techniques employed for market sizing
    • Exhibit 132: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 133: List of abbreviations


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