According to a new report, published by KBV research, The Global Talent Management Software Market size is expected to reach $19.4 billion by 2030, rising at a market growth of 11.4% CAGR during the forecast period.
The Performance Management segment is experiencing a CAGR of 12% during (2023 - 2030). The need to increase worker effectiveness and productivity at work has led to the growth of the performance management segment. In addition, a massive emphasis on enhancing team performance and boosting employee engagement within firms will bolster segment growth. The necessity for transparent and unbiased evaluation of employee performance will increase product adoption and drive the development of the performance management segment.
The On-premise segment is leading the Global Talent Management Software Market by Deployment in 2022; thereby, achieving a market value of $10.0 billion by 2030. Employers can have total control over their data & customization possibilities with on-premises deployments, which entail deploying the talent management software directly into the infrastructure & servers of the client. Companies working in sectors or geographies with poor internet access or strict data protection laws may favor on-premises deployments over cloud-based solutions.
The BFSI segment is showcasing a CAGR of 11.1% during (2023 - 2030). The evolving dynamics of employee interactions and the growing reliance on digitization for running day-to-day business in the sector, BFSI are driving demand for talent management solutions. The demand for competent workers in the sector is rising, helping to develop solutions for managing human capital.
The North America region dominated the Global Talent Management Software Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6.7 billion by 2030. The Europe region is poised to grow at a CAGR of 11% during (2023 - 2030). Additionally, The Asia Pacific region would register a CAGR of 12.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/talent-management-software-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
By Application
By Geography
Companies Profiled
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