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New study: Talent management software market analysis, outlook & forecast

IT Market Research

This report is an extensive analysis of current and potential market trends in the dynamic global market of TMS.

Talent Management software (TMS) provides solutions for all workforce management needs, which include performance management, strategic hiring, and development. The talent management software package consolidates the four essential pillars of talent management‐recruitment; learning and development; performance management; and compensation management.

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Traditionally, human resource management systems (HRM) and enterprise resource planning (ERP) were intended to focus on management of the basic human resources process. However, the talent management software emphasizes on the long-term organizational goals and retention of top talent.

Further, it helps to execute a strategic hiring process along with safeguarding of the employee development and selection of the right person for the job.

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The global TMS market is segmented into four types based on platform type, organization size, industry vertical, and geography. The platform segment is further divided into solution and services.

The solutions segment has various components such as human resource planning, talent acquisition, performance management, and learning management. The services segment is divided into support, training, and professional service.

In terms of organization size, it is categorized into large and small & medium organizations. In terms of industry vertical, it is segmented into banking and financial services, & insurance (BFSI), IT and telecom, manufacturing, retailing, education, government, media & entertainment, and others which include power, automation, and transport.

The market segmentation on the basis of geography includes North America, Europe, Asia-Pacific, and LAMEA.

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Comprehensive analysis and profiles of the major market players such as Kenexa, SuccessFactors, Oracle Taleo, Cornerstone, Saba Cloud, PeopleFluent, People matter, Ultimate Pro, Lumesse ET Web, and Sum Total Systems are also provided in this report.

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