The Latin America, Middle East and Africa Talent Management Software Market would witness market growth of 14.1% CAGR during the forecast period (2023-2030).
The market will probably grow due to the talent management software's rising application scope among businesses that prioritize human capital. Enterprise workforce management is being revolutionized by several new technologies, cloud computing, and data analytics being the most notable. The market is expanding due to a focus on fostering high-quality talent over the long term.
Performance management, strategic hiring, and development are just a few of the workforce management concerns for which talent management software (TMS) offers solutions. The talent management software program integrates the four essential pillars of talent management which are recruitment, learning & development, performance management, and compensation management.
Enterprise resource planning (ERP) and human resource management systems (HRM) were initially developed to manage the fundamental human resources process. However, talent management software places emphasis on long-term organizational objectives and the retention of top talent. Additionally, it aids in the execution of a strategic hiring process, protection of employee growth, and selecting the right person for the job.
Because of the opportunity it offers to create a fully strategic and influential role that may propel value creation, HR analytics is an important concept for regional organizations. With a strong strategic focus on nationalization all across the region, there’s additionally an opportunity for countries and organizations to use workforce analytics to help define and drive this agenda to produce sustainable long-term value for organizations in the Middle East. In light of this, the adoption of talent management software would expand in the LAMEA region, thereby leading to the market’s expansion.
The Brazil market dominated the LAMEA Talent Management Software Market by Country in 2022; thereby, achieving a market value of $356.8 million by 2030. The Argentina market is estimated to grow at a CAGR of 14.7% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 13.7% during (2023 - 2030).
Based on Solution, the market is segmented into Employee Lifecycle Management, Talent Acquisition, Performance Management, Learning & Training Management and Compensation Management. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into IT & Telecom, BFSI, Government, Healthcare, Retail, Education and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Talent Management Software Market is Projected to reach USD 19.4 Billion by 2030, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cornerstone OnDemand, Inc., Workday, Inc, Trakstar, Cegid, Bamboo HR LLC., Oracle Corporation, SAP SE, IBM Corporation, The Sage Group plc, and 15Five, Inc.
By Solution
By Deployment
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