Apr 24, 2023

通過技術簡化招聘程序Advancements to Foster Market Potential The market is being driven by the growing implementation of cloud-based platforms and usage of mobile-based employee management systems. HR professionals and companies alike are using Software-as-a-Service (SaaS) platforms to automate various processes. These include scouting, identifying, and recruiting new employees, while retaining the existing ones. However, low awareness regarding the benefits and importance of TMS solutions among SMEs may hinder market growth. Segments: Need for Smooth Hiring Process to Boost Adoption of Talent Acquisition Solutions Based on type, the market is segmented into performance management, compensation management, talent acquisition, learning management, and others. In 2022, the talent acquisition segment captured the largest share in the market due to the rising need for smooth onboarding, recruiting, and sourcing processes. SMEs to Adopt Performance Management Solutions Due to Rising Spending on HR Technologies Based on enterprise type, the market is divided into large enterprises and SMEs. The SMEs segment is set to capture a major market share during the forecast period. Small- and mid-sized enterprises are anticipated to be the early adopters of advanced HR technologies, prompting market participants to launch cost-effective options to expensive talent management technologies. Cloud-based Talent Management Software Widely Used for its Beneficial Characteristics In terms of deployment, the market is bifurcated into cloud and on-premise. The cloud segment is predicted to hold the largest market share due to its favorable properties such as adaptability, on-demand services, and agility. IT & Telecommunication Segment to Boost Installation of Talent Management Software Due to Intense Digital Competition In terms of end-user, the market is segmented into IT & telecommunication, BFSI, government, healthcare, education, manufacturing, and others. The IT & telecommunication segment is anticipated to hold a major market share during the forecast timeframe as the industry is witnessing intense digital competition. Moreover, other factors, such as rising demand for new-generation customers with precise information and an unpredictable economy, have compelled companies to hire trained workforce. Have Any Query? Ask Our Experts: Regional Insights: North America held a dominant position in the market and is expected to retain this position over the coming years. The region has showcased robust potential with respect to adopting core HR, talent management, and recruitment technologies, according to a survey by Cornerstone OnDemand, Inc. These factors will boost the deployment of talent management software solutions. Competitive Landscape: Market Players to Focus on Mergers & Acquisitions to Boost their Business Operations Oracle Corporation, IBM Corporation, Talentsoft, Cisco Systems, Inc., and CornerStone OnDemand, Inc. are some of the major participants in the market. These companies offer solutions that are equipped with innovative technologies such as AI and cloud. Moreover, stiff competition in the market has compelled these market players to use the acquisition strategy to strengthen their presence. LIST OF LEADING ORGANIZATIONS PROFILED IN THE REPORT Cornerstone OnDemand (Saba Software, Inc.) (U.S.) Workday, Inc. (U.S.) Talentsoft (France) Key Findings About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. Contact Us: US: +1 424 253 0390 UK: +44 2071 939123