Global Talent Management Software Market 2018-2022| Emergence of Cloud Computing Services to Boost Growth| Technavio

Technavio has published a new market research report on the global talent management software market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global talent management software market is expected to post a CAGR of over 8% over the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is the growing importance of talent management in terms of evaluation criteria. Talent management is imperative in the current business scenario, as with the increase in diverse competencies, growth of specialized needs in human resources, and rising sophistication in the management of talent, organizations need a structured and systematic human resource management software. The process identifies the competency gaps and lays down the competencies that are required for the effective growth of the organization.

This market research report on the global talent management software market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the emergence of cloud computing services as one of the key emerging trends in the global talent management software market:

Global talent management software market: Emergence of cloud computing services

The introduction of cloud computing has improved and simplified the capabilities of talent management software. Cloud computing enables the central administration and control of all resources, including HR-related activities. Cloud computing eliminates the need for users to update and maintain their IT infrastructure. Services and maintenance are provided by vendors of talent management software. Service-level agreements (SLAs) ensure reliable delivery, management, and maintenance.

“Organizations worldwide are adopting cloud computing to reduce the cost of managing enterprise IT infrastructure. With cloud computing services, end-users can concentrate on the organizational core activities rather than manage IT applications. Further, enterprises can establish the rapid deployment model, which enables applications to be scaled quickly to address changing requirements,” says a senior analyst at Technavio for research on enterprise application.

Global talent management software market: segmentation analysis

This market research report segments the global talent management software market by geographical regions to include APAC, EMEA, and the Americas.

The Americas led the market with the largest share in 2017. The region accounted for 49% of the market followed by EMEA and APAC. The dominance of the Americas can be attributed to the maturity and growth of IT and manufacturing sectors in the region. The strong presence and penetration of key vendors and the presence of favorable compliance standards will further drive the market in the region. Although APAC held the smallest share of the market it is expected to witness the maximum increase in its market share over the forecast period, while the other two regions will witness a decline in their market shares.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global talent management software market is expected to post a CAGR of over 8% over the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com