Boston, MA -- (SBWIRE) -- 02/09/2017 -- Talent management software provides a complete set of tools to automate, monitor, and analyze human resource (HR) functions efficiently in an organization. It enhances the likelihood of the HR department to attract skilled workers, integrate new workers, and retain them for future business demands, which, in turn, shifts the responsibility from the HR department to managers in an organization. Talent management software has become an integral part of the HR software applications. It aids in the efficient functioning of the HR team in workforce planning, talent acquisition, performance and succession management, and learning and development of the employees. It also assists organizations to establish critical corporate goals in alignment with their employees.

Technavio's analysts forecast the global talent management software market to grow at a CAGR of 9.87% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global talent management software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of talent management software licenses, installation and implementation, training, maintenance, and subscriptions.

Get More Details on this Report and a Full Table of Contents at Global Talent Management Software Market 2016-2020

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Talent Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Cornerstone OnDemand
-Halogen Software
-Lumesse
-SAP SuccessFactors
-Oracle

Other prominent vendors

-Acendre
-BambooHR
-Infor
-Performly
-PeopleFluent
-Ultimate
-Vector Capital
-Willis Towers Watson
-Workday

Market driver

-Increased demand for SaaS-based talent management software.
-For a full, detailed list, view our report

Market challenge

-Lack of skilled professionals to operate talent management software.
-For a full, detailed list, view our report

Market trend

-Proliferation of mobile devices and increased use of mobile apps in talent management.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Cornerstone OnDemand, Halogen Software, Lumesse, SAP SuccessFactors, Oracle, Acendre, BambooHR, Infor, Performly, PeopleFluent, Ultimate, Vector Capital, Willis Towers Watson, Workday

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