Talent Management Software Market Size is Projected to Reach USD 19.10 Billion at a CAGR of 16.2% by 2030 – Report by Market Research Future (MRFR)

Talent Management Software Market Insights:

According to MRFR analysis, the Talent Management Software Market is expected to register a CAGR of~16.2% from 2022 to 2030 and hold a value of over USD 19.10 billion by 2030.

Talent management software refers to a suite of applications designed to help organizations manage and optimize their talent acquisition, development, and retention processes. The talent management software market is a rapidly growing segment of the HR technology industry as companies recognize the importance of attracting, developing, and retaining the right talent to achieve their business goals. These software solutions help organizations streamline their HR processes, automate tedious tasks, and gain insights into employee performance and engagement.

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The COVID-19 pandemic had a significant impact on the talent management software market. One of the key impacts of COVID-19 on the talent management software market has been an increased demand for remote recruitment and hiring solutions. With traditional in-person interviews and job fairs not being possible or safe, many organizations have turned to virtual recruiting tools such as video interviews, online assessments, and virtual job fairs.

Talent Management Software Market Scope: 

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Regional Analysis

The Talent Management Software Market is a global market and is spread across various regions including North America, Europe, Asia Pacific, Middle East and Africa, and South America. However, North America is currently the largest region for the Talent Management Software market in terms of revenue.

North America has a well-established talent management software market due to the high adoption of advanced technologies, particularly in the United States. The region has a strong economy and a large number of well-established organizations that are constantly looking for ways to improve their talent management processes.

Market Segmentation

The Talent Management Software Market has been segmented into deployment and size.

Based on the deployment, the market has been segmented into on premise and cloud.

Based on the size, the market has been segmented into SMES and large enterprises.

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Key Players

Some of the key market players are:

• Halogen Software (Canada)
• Workday Inc.
• Lumesse Ltd. (U.K.)
• Saba Software (U.S.)
• Cornerstone OnDemand (U.S.)
• Kenexa (U.S.)
• Taleo Corporation (U.S.)
• iCims Inc. (U.S.)
• Sumtotal Systems Inc. (U.S.)
• Cegid (Talentsoft) (France)
• Haufe Group

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