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Talent Management Software Market Size to Reach USD 33880 Million by 2028 at CAGR 14.3% – Valuates Reports.

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BANGALORE, India — The Talent Management Software Market is Segmented by Type (Software as A Service (SaaS), Application Service Provider (ASP)), Application (BFSI, Education, Manufacturing, Telecom & IT, Others). The report covers global opportunity analysis and industry forecasts from 2022 to 2028.

The global Talent Management Software market size is projected to reach USD 33880 Million by 2028, from USD 13120 Million in 2021, at a Compound Annual Growth Rate (CAGR) of 14.3% during the forecast period 2022-2028.

Major Factors Driving The Growth Of Talent Management Software Market:

Attracting and retaining the right talent along with better organizational performance is expected to drive the growth of the talent management software market. Talent management software uses analytics to provide advantages such as better recruiting, increased diversity, equity, and inclusion (DE&I), deeper employee engagement, minimizing attrition, better succession planning, etc. 

Human resources initiatives are increasingly informed by analytics, from the applicant tracking to onboarding, retention, and data-driven decision making. The talent management software market can help small businesses record, gather, and report the data they need to improve productivity. Cloud-based talent management software is accessible from any location and can integrate with other critical business platforms, such as accounting software. This advantage is expected to drive the growth of the talent management software solutions market.

The growth of the talent management software market is expected to be fueled by employee engagement features. Employee engagement is boosted by good onboarding, learning, and development processes. Talent management functionality such as innovative performance management is critical to engage employees more deeply. Delivering quick pulse and annual employee engagement surveys and collecting that data to easily connect it with other data to link employee engagement KPIs to financial metrics are examples of related technology that can help ensure that employee engagement efforts are successful.

Need to Minimize attrition is expected to boost further the Talent Management Software market growth. Turnover metrics are crucial because they reveal many flaws throughout the talent management process. Turnovers are costly—replacing a single employee can cost anywhere from half to two times the employee’s annual salary. By seeing, for example, turnover by manager, demographic trends, and more, talent management systems assist in collecting and making it simple to track and analyze data that will point to causes of attrition.

Talent acquisition is constantly subjected to time and cost constraints to justify the costs involved. On-premise talent management software typically has high licensing, maintenance, infrastructure, and personnel costs. Businesses are migrating to cloud-based software due to the flexible payment and plan options, as well as the availability of customized packages based on the time of operation, the number of users, and other factors. This lowers the cost of the software and makes it more accessible to small businesses. As a result, cloud-based solutions offer companies a customized model to their needs, including analytical functions and talent management capabilities.

Browse the Table of Contents and List of Figures at: https://reports.valuates.com/reports/QYRE-Othe-1P496/talent-management-software

Talent Management Software Market Share Analysis

The North American region is expected to be the most lucrative because of greater technological adoption and the availability of technical know-how about the industry.

The BFSI sector’s demand for talent management solutions is being driven by the changing dynamics of employee relationships and the domain’s increasing reliance on digitization for management.

Report Customization Request: https://reports.valuates.com/request/customisation/QYRE-Othe-1P496/Talent_Management_Software_Market

Key Market Players:

  • SAP
  • Cornerstone on Demand
  • Saba
  • Workday
  • Skillsoft SumTotal
  • Ultimate Software
  • Talentsoft
  • Learning Technologies
  • Oracle
  • Haufe
  • Cegid
  • PageUp
  • Lumesse
  • ADP
  • Eightfold
  • SilkRoad
  • Ceridian
  • iCIMS
  • Kenexa
  • Taleo Corporation
  • Others

Chapter Cost Request: https://reports.valuates.com/request/chaptercost/QYRE-Othe-1P496/Talent_Management_Software_Market

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SIMILAR REPORTS:

–  Global K-12 Talent Management Software Market Size, Status and Forecast 2022

–  Global Talent Management Suites Market Insights and Forecast to 2028

–  Global HR Core Administration Software Market Size, Status and Forecast 2022

–  Global Training Management Software Market Size, Status and Forecast 2021-2027

– The global Workforce Management market size is projected to reach USD 8726.7 Million by 2027, from USD 5458.4 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 6.5% during 2021-2027

– The global Performance and Goal Management Software market size are projected to reach USD 6858.1 Million by 2028, from USD 2243.2 Million in 2021, at a CAGR of 17.1% during 2022-2028.

– The global Staffing Agency Software market size is projected to reach USD 1325 Million by 2027, from USD 413.5 Million in 2020, at a CAGR of 18.1% during 2021-2027.

– The global Human Capital Management market size is projected to reach USD 26080 Million by 2026, from USD 17230 Million in 2019, at a CAGR of 6.1% during 2021-2026.

– The global sales intelligence market size was valued at USD 2.78 Billion in 2020 and is projected to reach USD 7.35 Billion by 2030, growing at a CAGR of 10.6% from 2021 to 2030.

– The global learning management system market size was valued at USD 1.2 Billion in 2020 and is projected to hit USD 3.6 Billion by 2027, at a CAGR of 20.76% from 2020 to 2027.

To see the complete list of related reports on the Talent Management Software.

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs. 

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements, and that’s why we offer customization of reports. With our customization, you can request detailed information from an account that meets your market analysis needs.

To achieve a consistent market view, data is gathered from various primary and secondary sources. Data triangulation methodologies are applied at each step to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach out to our sales team to get the complete list of our data sources.

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