Talent Management Software (TMS) Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031

The "Talent Management Software (TMS) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Talent Management Software (TMS) market is expected to grow annually by 11.1% (CAGR 2024 - 2031).

This entire report is of 166 pages.

Talent Management Software (TMS) Introduction and its Market Analysis

The Talent Management Software (TMS) market research report highlights the growing demand for TMS solutions in optimizing talent acquisition, development, and retention. The target market for TMS includes large enterprises and SMEs across industries seeking to enhance workforce efficiency and productivity. Major factors driving revenue growth in the TMS market include the increasing focus on employee performance and development, workforce analytics, and compliance management. Key players in the market, such as Cornerstone Ondemand, IBM, Oracle, and SAP Successfactors, are offering innovative TMS solutions to cater to the evolving needs of organizations. The report recommends investing in customizable TMS solutions to effectively manage talent and drive business success.

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The Talent Management Software (TMS) market is experiencing significant growth, with a focus on professional services, training and education, support and maintenance. The market is segmented by application, including BFSI, healthcare, IT and telecom, retail, manufacturing, education, government, media and entertainment. This software helps organizations effectively recruit, develop, manage and retain top talent.

Regulatory and legal factors specific to the market conditions include adherence to data protection laws, ensuring fair hiring practices, and maintaining compliance with industry-specific regulations. As organizations grow increasingly global, these factors become even more crucial in ensuring the smooth operation and success of talent management programs.

Overall, the TMS market is evolving to meet the demands of modern organizations looking to streamline their talent management processes and drive business success. With a focus on professional services, training and education, support and maintenance, and specific applications across various industries, TMS is helping companies navigate the complex landscape of talent management in a rapidly changing world.

Top Featured Companies Dominating the Global Talent Management Software (TMS) Market

The Talent Management Software (TMS) market is highly competitive with several key players dominating the industry. Some of the prominent companies operating in the TMS market include Cornerstone Ondemand, IBM, Lumesse, Oracle, Peoplefluent, Skillsoft, Saba, SAP Successfactors, Talentsoft, and Halogen. These companies offer a wide range of solutions that cater to various aspects of talent management, including recruitment, performance management, learning and development, and employee engagement.

Cornerstone Ondemand, IBM, Oracle, and SAP Successfactors are some of the market leaders in the TMS space, offering comprehensive and integrated solutions that help organizations manage their talent effectively. These companies provide tools and technologies that enable organizations to streamline their talent processes, improve workforce productivity, and enhance employee engagement.

Lumesse, Peoplefluent, Skillsoft, Saba, Talentsoft, and Halogen are also significant players in the TMS market, specializing in different areas such as learning and development, performance management, and succession planning. These companies offer innovative solutions that meet the evolving needs of modern organizations and help them attract, develop, and retain top talent.

In terms of sales revenue, SAP Successfactors reported a revenue of $ billion in 2020, while Oracle reported a revenue of $39.07 billion in the same year. IBM's total revenue for 2020 was $73.62 billion. These figures indicate the significant market presence and growth potential of these companies in the TMS market.

Overall, the companies operating in the TMS market play a crucial role in driving growth and innovation in the industry. By offering advanced solutions and services that address the evolving needs of organizations, these companies help enhance talent management practices and foster a culture of continuous learning and development within the workforce.

• Cornerstone Ondemand
• IBM
• Lumesse
• Oracle
• Peoplefluent
• Skillsoft
• Saba
• SAP Successfactors
• Talentsoft
• Halogen

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Talent Management Software (TMS) Market Analysis, by Type:

• Professional Services
• Training And Education
• Support And Maintenance

Professional Services TMS provide strategic guidance and implementation support for organizations looking to optimize their talent management processes. Training and Education TMS offer learning management systems to develop employee skills and knowledge. Support and Maintenance TMS provide ongoing technical assistance and updates to ensure smooth operation of the software. These types help in boosting the demand for TMS by offering comprehensive solutions for talent acquisition, development, and retention, ultimately driving productivity and efficiency in the workplace. The combination of these features appeals to organizations seeking a holistic approach to talent management, leading to increased adoption and market growth.

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Talent Management Software (TMS) Market Analysis, by Application:

• BFSI
• Healthcare
• IT And Telecom
• Retail
• Manufacturing
• Education
• Government
• Media And Entertainment

Talent Management Software (TMS) is used across various industries like BFSI, Healthcare, IT and Telecom, Retail, Manufacturing, Education, Government, and Media and Entertainment to streamline employee recruitment, training, performance management, and succession planning processes. In BFSI, TMS helps identify top performers and fill critical roles. In Healthcare, it ensures compliance with regulations and improves patient care. In Retail, TMS helps improve customer service by recruiting the right talent. The fastest growing application segment in terms of revenue is Healthcare, as the industry is increasingly focusing on talent acquisition and retention to provide quality patient care.

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Talent Management Software (TMS) Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Talent Management Software (TMS) market is experiencing significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market with a market share of around 35%, followed by Europe with a market share of 25%. Asia-Pacific is also expected to witness substantial growth, with a market share of 20%. Latin America and Middle East & Africa are anticipated to have a market share of 10% each. The overall global market valuation for Talent Management Software (TMS) is expected to exceed $10 billion by 2025.

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