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Talent Management Software (TMS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global talent management software (TMS) market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 13% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A talent management software (TMS) refers to a workforce management application that involves performance management, strategic hiring and employee development. It enables organizations to track and manage their employees by setting goals, identifying and closing skill gaps, providing personalized development plants and facilitating appraisals. It provides employers with the tools to accurately manage, evaluate, and compensate based on employee performance. This enables organizations to foster a culture of career development and improve the overall performance of the employees. Owing to this, it finds extensive applications across the banking, financial services and insurance (BFSI), healthcare, information technology (IT), retail, and manufacturing industries.

Global Talent Management Software (TMS) Market Trends and Drivers:

The increasing penetration rate of cloud-based platforms, along with the adoption of mobile-based personnel management systems, is one of the key factors driving the growth of the market. Organizations and human resource professionals are increasingly adopting software-as-a-service (SaaS) platforms for automating scouting, identifying and acquiring new talents from the talent pools and retaining the existing talent. A TMS also enables in streamlining the recruitment process, reinforce workforce culture, provide agile learning opportunities and identify the top performers. Additionally, various technological advancements, such as the utilization of machine learning (ML) and artificial intelligence (AI), are also acting as growth inducing factors. The software uses optical trackers to monitor individuals and to identify market trends and patterns through transactional activities and analytical inputs. Other factors, including the growing need to replace traditional talent management methods to optimize the utilization of resources and improve the quality of hiring decisions, are expected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global talent management software market, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, deployment type, end user and vertical.

Breakup by Component:

  • Solutions
    • Workforce Planning
    • Learning Management
    • Compensation Management
    • Talent Acquisition
    • Performance Management
  • Services
    • Professional Services
    • Training and Education
    • Support and Maintenance
       

Breakup by Deployment Type:

  • On-premises
  • Cloud-based
     

Breakup by End User:

  • Small and Medium Enterprises
  • Large Enterprises
     

Breakup by Vertical:

  • BFSI
  • Healthcare
  • IT and Telecom
  • Retail
  • Manufacturing
  • Education
  • Government
  • Media and Entertainment
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Cornerstone Ondemand Inc., International Business Machines Corporation, Oracle Corporation, SilkRoad Technology, Skillsoft Corporation, Talentguard Inc., Talentsoft, Ultimate Software, Workday Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Deployment Type, End User, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Cornerstone Ondemand Inc., International Business Machines Corporation, Oracle Corporation, SilkRoad Technology, Skillsoft Corporation, Talentguard Inc., Talentsoft, Ultimate Software and Workday Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global talent management software (TMS) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global talent management software (TMS) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the end user?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global talent management software (TMS) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Talent Management Software (TMS) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Solutions
        6.1.1 Market Trends
        6.1.2 Major Types
           6.1.2.1 Workforce Planning
           6.1.2.2 Learning Management
           6.1.2.3 Compensation Management
           6.1.2.4 Talent Acquisition
           6.1.2.5 Performance Management
        6.1.3 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Major Types
           6.2.2.1 Professional Services
           6.2.2.2 Training and Education
           6.2.2.3 Support and Maintenance
        6.2.3 Market Forecast
7    Market Breakup by Deployment Type
    7.1    On-premises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cloud-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End User
    8.1    Small and Medium Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Large Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Vertical
    9.1    BFSI
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Healthcare
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    IT and Telecom
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Retail
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Manufacturing
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Education
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Government
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Media and Entertainment
        9.8.1 Market Trends
        9.8.2 Market Forecast
    9.9    Others
        9.9.1 Market Trends
        9.9.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Cornerstone Ondemand Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
        15.3.2    International Business Machines Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials 
           15.3.2.4 SWOT Analysis
        15.3.3    Oracle Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
           15.3.3.3 Financials 
           15.3.3.4 SWOT Analysis
        15.3.4    SilkRoad Technology
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Skillsoft Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Talentguard Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Talentsoft
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
        15.3.8    Ultimate Software
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
           15.3.8.3 SWOT Analysis
        15.3.9    Workday Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials 
           15.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Talent Management Software Market: Major Drivers and Challenges
Figure 2: Global: Talent Management Software Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Talent Management Software Market: Breakup by Component (in %), 2020
Figure 4: Global: Talent Management Software Market: Breakup by Deployment Type (in %), 2020
Figure 5: Global: Talent Management Software Market: Breakup by End User (in %), 2020
Figure 6: Global: Talent Management Software Market: Breakup by Vertical (in %), 2020
Figure 7: Global: Talent Management Software Market: Breakup by Region (in %), 2020
Figure 8: Global: Talent Management Software Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Talent Management Software (Solutions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Talent Management Software (Solutions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Talent Management Software (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Talent Management Software (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Talent Management Software (On-premises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Talent Management Software (On-premises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Talent Management Software (Cloud-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Talent Management Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Talent Management Software (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Talent Management Software (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Talent Management Software (Large Enterprises) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Talent Management Software (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Talent Management Software (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Talent Management Software (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Talent Management Software (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Talent Management Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Talent Management Software (IT and Telecom) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Talent Management Software (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Talent Management Software (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Talent Management Software (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Talent Management Software (Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Talent Management Software (Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Talent Management Software (Education) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Talent Management Software (Education) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Talent Management Software (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Talent Management Software (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Talent Management Software (Media and Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Talent Management Software (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Talent Management Software (Other Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Talent Management Software (Other Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: North America: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: North America: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: United States: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: United States: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Canada: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Canada: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Asia Pacific: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Asia Pacific: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: China: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: China: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Japan: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Japan: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: India: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: India: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: South Korea: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: South Korea: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Australia: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Australia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Indonesia: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Indonesia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Others: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Europe: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Europe: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Germany: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Germany: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: France: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: France: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: United Kingdom: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: United Kingdom: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Italy: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Italy: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Spain: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Spain: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Russia: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Russia: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Latin America: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Latin America: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Brazil: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Brazil: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Mexico: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Mexico: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Others: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Others: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Middle East and Africa: Talent Management Software Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Middle East and Africa: Talent Management Software Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Global: Talent Management Software Industry: SWOT Analysis
Figure 88: Global: Talent Management Software Industry: Value Chain Analysis
Figure 89: Global: Talent Management Software Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Talent Management Software Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Talent Management Software Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Talent Management Software Market Forecast: Breakup by Deployment Type (in Million US$), 2021-2026
Table 4: Global: Talent Management Software Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 5: Global: Talent Management Software Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 6: Global: Talent Management Software Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Talent Management Software Market Structure
Table 8: Global: Talent Management Software Market: Key Players

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