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Talent Management Software (TMS) Market by Solution (talent acquisition, workforce planning, learning, compensation, and performance management), by Services, by Deployment Mode, by Organization Size, by Verticals, and by Regions - Trends and Forecasts to 2019

February 2015 | 150 pages | ID: T5640BBC1B3EN
MarketsandMarkets

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The Talent Management software (TMS) market is fast gaining traction primarily due to the increasing complexities and increasing trend of workforce mobility. TMS refers to the various solutions designed by using modern technology to plan, deliver, evaluate and manage an organization structure all the way from strategy formulation to employee learning. Talent management acts as an information system that manages company budget, tracks performance of the learners, resource hiring, training and development and overall functionality of organization.

The inexorable rise in mobile device users and shifting customer growth of web-based social media has generated new avenues in the market. These advancements are considered and resulted in technological developments such as mobile apps, social networking have facilitated businesses with better communication and functionality.

The demand for cloud-based talent management software market is accelerating due to its cost-effective and easy deployment features. Hence, vendors in these markets are coming up with technologies and solutions to increase its adoption in Small and Medium Business (SMB) too. The market is quite competitive with the entry of niche players which provide innovative integration bridge for integrating various application and databases thereby increasing their market bargain capability among the large vendors. Though there is notable traction of talent management software in large enterprise, emergence of SaaS delivery models has increased its usage in SMB’s too. Still there are certain apprehensions restraining the growth in the talent management software market. The foremost point is lack of adequate knowledge of software which leads to misuse and secondly the budget constraint.

Further, The report provides an in-depth analysis of the Talent management software market across the solution and services types, deployment modes, organization sizes, industry verticals, and regions. The market is also segmented by region into North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA). Among all the regions, North America holds the maximum market size whereas APAC is the major growing areas.

The Talent management software market is expected to grow from $5, 270.3 million in 2014 to $11, 367.0 million by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 16.6% from 2014 to 2019. The key players in this market include Oracle, IBM, Cornerstone ondemand, Lumesse, Peoplefluent, Skillsoft, Saba software, and many others

MarketsandMarkets expects that BFSI, IT and telecom and retail vertical will account for the largest market share throughout the forecast period. However, there are a few revenue pockets, namely healthcare, government, education, manufacturing and media and entertainment that will witness significant growth in this period.

There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, economic, social, technological, and economic factors. The dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.

The report will help the market leaders or new entrants in this market in the following ways:

1. This report segments the market into various sub-segments covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different end users and regions.
2. This report will help in the better understanding of the competitors and gain more insights to better one’s position in business. There is a separate section on competitive landscape, which includes competitor ecosystem, and mergers and acquisitions, partnerships, and agreements. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.
3. The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
  1.3.1 MARKET COVERED
  1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH METHODOLOGY
2.2 MARKET SIZE ESTIMATION
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 MARKET SHARE ESTIMATION
  2.4.1 KEY DATA FROM SECONDARY SOURCES
  2.4.2 KEY DATA
  2.4.3 KEY INDUSTRY INSIGHTS
2.5 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE TMS MARKET
4.2 TMS MARKET: TECHNOLOGICAL SHIFT
4.3 BFSI AND IT & TELECOM IS THE TOP REVENUE GENERATING VERTICALS IN THE TMS MARKET
4.4 GLOBAL TMS MARKET SIZE, BY ORGANIZATION SIZE (2014–2019)
4.5 GLOBAL TALENT MANAGEMENT SOFTWARE
4.6 LIFECYCLE ANALYSIS, BY REGION

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
  5.2.1 BY SOLUTIONS
  5.2.2 BY SERVICES
  5.2.3 BY DEPLOYMENT MODE
  5.2.4 BY ORGANIZATION SIZE
  5.2.5 BY VERTICAL
  5.2.6 BY REGION
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Need of real-time employee engagement
    5.3.1.2 Emergence of social platform
    5.3.1.3 Increasing demand of cloud-based TMS module and suite
  5.3.2 RESTRAINTS
    5.3.2.1 Budget constraint that restricts the adoption of TMS suite
    5.3.2.2 Use of traditional methodologies due to lack of awareness
  5.3.3 OPPORTUNITIES
    5.3.3.1 Evolving the need of big data analytics in HR
  5.3.4 CHALLENGES
    5.3.4.1 Integration across various talent management suites
    5.3.4.2 Lack of skilled and proficient talent
  5.3.5 BURNING ISSUES
    5.3.5.1 Mobile platform will continue to play a crucial role
    5.3.5.2 Video platform for recruitment

6 INDUSTRY TRENDS

6.1 VALUE CHAIN ANALYSIS
6.2 PORTER’S FIVE FORCES ANALYSIS
  6.2.1 THREAT FROM NEW ENTRANTS
  6.2.2 THREAT FROM SUBSTITUTES
  6.2.3 BARGAINING POWER OF SUPPLIERS
  6.2.4 BARGAINING POWER OF BUYERS
  6.2.5 INTENSITY OF COMPETITIVE RIVALRY

7 TMS MARKET ANALYSIS, BY SOLUTIONS

7.1 INTRODUCTION
7.2 SOLUTIONS
  7.2.1 WORKFORCE PLANNING
  7.2.2 LEARNING MANAGEMENT
  7.2.3 COMPENSATION MANAGEMENT
  7.2.4 TALENT ACQUISITION
  7.2.5 PERFORMANCE MANAGEMENT

8 TMS MARKET ANALYSIS, BY SERVICES

8.1 INTRODUCTION
8.2 PROFESSIONAL SERVICES
8.3 TRAINING AND EDUCATION
8.4 SUPPORT AND MAINTENANCE

9 TMS MARKET ANALYSIS, BY DEPLOYMENT MODE

9.1 INTRODUCTION
9.2 ON-PREMISES
9.3 ON-DEMAND/CLOUD

10 TMS MARKET ANALYSIS, BY ORGANIZATION SIZE

10.1 INTRODUCTION
10.2 SMALL AND MEDIUM BUSINESSES (SMBS)
10.3 LARGE BUSINESSES

11 TMS MARKET ANALYSIS, BY VERTICAL

11.1 INTRODUCTION
11.2 BFSI
11.3 HEALTHCARE
11.4 IT AND TELECOM
11.5 RETAIL
11.6 MANUFACTURING
11.7 EDUCATION
11.8 GOVERNMENT
11.9 MEDIA AND ENTERTAINMENT
11.10 OTHERS

12 GEOGRAPHIC ANALYSIS

12.1 INTRODUCTION
12.2 NORTH AMERICA (NA)
12.3 EUROPE
12.4 ASIA-PACIFIC (APAC)
12.5 MIDDLE EAST AND AFRICA (MEA)
12.6 LATIN AMERICA (LA)

13 COMPETITIVE LANDSCAPE

13.1 OVERVIEW
13.2 MARKET SHARE ANALYSIS, TMS SOFTWARE MARKET
13.3 COMPETITIVE SITUATION AND TRENDS
  13.3.1 NEW PRODUCT LAUNCHES
  13.3.2 PARTNERSHIPS AND COLLABORATIONS
  13.3.3 MERGERS AND ACQUISITIONS
  13.3.4 VENTURE CAPITAL (VC) FUNDING

14 COMPANY PROFILE (BUSINESS OVERVIEW, PRODUCTS & SERVICES, KEY INSIGHTS, RECENT DEVELOPMENTS, SWOT ANALYSIS, MNM VIEW)

14.1 INTRODUCTION
14.2 CORNERSTONE ONDEMAND, INC.
14.3 IBM CORPORATION
14.4 LUMESSE
14.5 ORACLE CORPORATION
14.6 PEOPLEFLUENT
14.7 SKILLSOFT
14.8 SABA SOFTWARE
14.9 SAP SUCCESSFACTORS
14.10 TALENTSOFT
14.11 HALOGEN SOFTWARE (Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.)

15 APPENDIX

15.1 INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS

LIST OF TABLES

Table 1 GLOBAL TMS MARKET, 2014–2019 ($MILLION, Y-O-Y %)
Table 2 TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 3 TMS MARKET SIZE, BY SOLUTIONS, 2012–2019 ($MILLION)
Table 4 WORKFORCE PLANNING: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 5 LEARNING MANAGEMENT: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 6 COMPENSATION MANAGEMENT: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 7 TALENT ACQUISITION: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 8 PERFORMANCE MANAGEMENT: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 9 SERVICES MARKET SIZE, 2012–2019 ($MILLION)
Table 10 PROFESSIONAL SERVICES: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 11 TRAINING AND EDUCATION: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 12 SUPPORT AND MAINTENANCE: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 13 TMS MARKET SIZE, BY DEPLOYMENT TYPE, 2012–2019 ($MILLION)
Table 14 ON-PREMISES: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 15 ON-DEMAND/CLOUD: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 16 TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012–2019 ($MILLION)
Table 17 SMB: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 18 LARGE BUSINESSES: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 19 TMS MARKET SIZE, BY VERTICAL TYPE, 2012–2019 ($MILLION)
Table 20 BFSI: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 21 BFSI: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 22 HEALTHCARE: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 23 HEALTHCARE: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 24 IT AND TELECOM: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 25 IT AND TELECOM: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 26 RETAIL: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 27 RETAIL: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 28 MANUFACTURING: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 29 MANUFACTURING: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 30 EDUCATION: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 31 EDUCATION: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 32 GOVERNMENT: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 33 GOVERNMENT: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 34 MEDIA AND ENTERTAINMENT: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 35 MEDIA AND ENTERTAINMENT: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 36 OTHERS: TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 37 OTHERS: TMS MARKET SIZE, BY SOLUTIONS AND SERVICES, 2012–2019 ($MILLION)
Table 38 TMS MARKET SIZE, BY REGION, 2012–2019 ($MILLION)
Table 39 NA: TMS MARKET SIZE, BY VERTICAL, 2012–2019 ($MILLION)
Table 40 NA: TMS MARKET SIZE, BY SOLUTIONS, 2012–2019 ($MILLION)
Table 41 NA: TMS MARKET SIZE, BY SERVICES, 2012–2019 ($MILLION)
Table 42 NA: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012–2019 ($MILLION)
Table 43 NA: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012–2019 ($MILLION)
Table 44 EUROPE: TMS MARKET SIZE, BY VERTICAL, 2012–2019 ($MILLION)
Table 45 EUROPE: TMS MARKET SIZE, BY SOLUTIONS, 2012–2019 ($MILLION)
Table 46 EUROPE: TMS MARKET SIZE, BY SERVICES, 2012–2019 ($MILLION)
Table 47 EUROPE: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012–2019 ($MILLION)
Table 48 EUROPE: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012–2019 ($MILLION)
Table 49 APAC: TMS MARKET SIZE, BY VERTICAL, 2012–2019 ($MILLION)
Table 50 APAC: TMS MARKET SIZE, BY SOLUTIONS, 2012–2019 ($MILLION)
Table 51 APAC: TMS MARKET SIZE, BY SERVICES, 2012–2019 ($MILLION)
Table 52 APAC: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012–2019 ($MILLION)
Table 53 APAC: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012–2019 ($MILLION)
Table 54 MEA: TMS MARKET SIZE, BY VERTICAL, 2012–2019 ($MILLION)
Table 55 MEA: TMS MARKET SIZE, BY SOLUTIONS, 2012–2019 ($MILLION)
Table 56 MEA: TMS MARKET SIZE, BY SERVICES, 2012–2019 ($MILLION)
Table 57 MEA: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012–2019 ($MILLION)
Table 58 MEA: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012–2019 ($MILLION)
Table 59 LA: TMS MARKET SIZE, BY VERTICAL, 2012–2019 ($MILLION)
Table 60 LA: TMS MARKET SIZE, BY SOLUTIONS, 2012–2019 ($MILLION)
Table 61 LA: TMS MARKET SIZE, BY SERVICES, 2012–2019 ($MILLION)
Table 62 LA: TMS MARKET SIZE, BY DEPLOYMENT MODE, 2012–2019 ($MILLION)
Table 63 LA: TMS MARKET SIZE, BY ORGANIZATION SIZE, 2012–2019 ($MILLION)
Table 64 NEW PRODUCT LAUNCHES, 2012–2014
Table 65 PARTNERSHIPS AND COLLABORATIONS, 2012–2014
Table 66 MERGERS AND ACQUISITIONS, 2012–2014
Table 67 VC FUNDING, 2012–2014

LIST OF FIGURES

Figure 1 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
Figure 2 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
Figure 3 BREAKDOWN OF PRIMARY INTERVIEW: BY COMPANY TYPE, DESIGNATION, AND REGION
Figure 4 DATA TRIANGULATION
Figure 5 EVOLUTION OF TMS
Figure 6 TMS MARKET SIZE, BY VERTICAL (2014–2019)
Figure 7 GLOBAL TMS MARKET SIZE, BY SOLUTIONS (2014–2019)
Figure 8 GLOBAL TMS MARKET SHARE, 2014
Figure 9 HIGH GROWTH IS EXPECTED IN THE TMS MARKET
Figure 10 SIGNIFICANT SHIFT FROM ON-PREMISES TO CLOUD SOLUTIONS
Figure 11 MARKET SIZE OF INDUSTRY VERTICALS IN THE GLOBAL TALENT MANAGEMENT SOFTWARE MARKET (2014)
Figure 12 THE TMS MARKET IS QUITE PROMISING FOR THE SMB’S IN THE FORECAST PERIOD
Figure 13 LEARNING MANAGEMENT SOLUTION AND BFSI VERTICAL HOLDS THE MAXIMUM GROWTH PROSPECT IN THE FORECAST PERIOD
Figure 14 REGIONAL LIFECYCLE
Figure 15 TMS MARKET: BY SOLUTIONS
Figure 16 TMS MARKET: BY SERVICES
Figure 17 TMS MARKET: BY DEPLOYMENT MODE
Figure 18 TMS MARKET: BY ORGANIZATION SIZE
Figure 19 TMS MARKET: BY VERTICAL
Figure 20 TMS MARKET, BY REGION
Figure 21 EMERGING NEED OF REAL-TIME EMPLOYEE ENGAGEMENT AND SOCIAL MEDIA COLLABORATION WILL DRIVE THE MARKET FOR THE TMS MARKET
Figure 22 VALUE CHAIN ANALYSIS
Figure 23 PORTER’S FIVE FORCE ANALYSIS (2014): INTENSE COMPETITION FROM THE EMERGENCE OF NICHE PLAYERS IS INCREASING COMPETITION IN THE MARKET
Figure 24 SERVICES SEGMENT IS EXPECTED TO GAIN SIGNIFICANT TRACTION DURING THE FORECAST PERIOD
Figure 25 TALENT ACQUISITION TO TAKEOVER THE MAXIMUM MARKET SIZE IN 2019
Figure 26 LEARNING MANAGEMENT WILL GAIN SIGNIFICANT TRACTION DURING THE FORECAST PERIOD
Figure 27 PROFESSIONAL SERVICES IS WITNESSED TO GROW FASTEST DURING THE FORECAST PERIOD
Figure 28 SERVICE SEGMENT IS EXPECTED TO GAIN SIGNIFICANT TRACTION DURING THE FORECAST PERIOD
Figure 29 THE CLOUD SOLUTIONS ARE RAPIDLY COVERING THE TMS MARKET
Figure 30 TMS MARKET IS DOMINATED BY LARGE BUSINESSES WHILE SIGNIFICANT ADOPTION IS EXPECTED FROM SMBS
Figure 31 THE GLOBAL TMS MARKET IS DOMINATED BY BFSI AND HEALTHCARE INDUSTRIES
Figure 32 GEOGRAPHIC SNAPSHOT: APAC IS EMERGING AS A NEW HOT SPOT FOR TMS VENDORS
Figure 33 GEOGRAPHIC SNAPSHOT (2014–2019): RAPID-GROWTH MARKETS ARE EXPECTED FROM EMERGING REGIONS SUCH AS APAC AND MEA
Figure 34 APAC: AN ATTRACTIVE DESTINATION FOR THE TMS MARKET
Figure 35 NA MARKET SNAPSHOT: WORKFORCE PLANNING IS EXPECTED TO CONTRIBUTE THE MAXIMUM TO THE MARKET SIZE IN 2014
Figure 36 APAC IS ONE OF THE FASTEST GROWING REGIONS IN THE TMS MARKET
Figure 37 COMPANIES ADOPTED PARTNERSHIP AND AGREEMENTS AS THE KEY GROWTH STRATEGY FROM 2012 TO 2014
Figure 38 GLOBAL TMS SOFTWARE MARKET SHARE, BY KEY PLAYER, 2013
Figure 39 AREA-CHART SHOWING HISTORICAL CAGR OF TOP 4 PLAYERS
Figure 40 MARKET EVALUATION FRAMEWORK
Figure 41 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCH AND PRODUCT ENHANCEMENT WAS THE KEY STRATEGY
Figure 42 GEOGRAPHIC REVENUE MIX OF THE TOP 5 MARKET PLAYERS
Figure 43 CORNERSTONE ONDEMAND, INC.: COMPANY SNAPSHOT
Figure 44 SWOT ANALYSIS: CORNERSTONE ONDEMAND, INC.
Figure 45 IBM CORPORATION: COMPANY SNAPSHOT
Figure 46 SWOT ANALYSIS: IBM CORPORATION
Figure 47 ORACLE CORPORATION: COMPANY SNAPSHOT
Figure 48 SWOT ANALYSIS: ORACLE CORPORATION
Figure 49 SABA SOFTWARE: COMPANY SNAPSHOT
Figure 50 SWOT ANALYSIS: SABA SOFTWARE
Figure 51 SAP SUCCESSFACTORS: COMPANY SNAPSHOT
Figure 52 SWOT ANALYSIS: SAP SUCCESSFACTORS
Figure 53 HALOGEN SOFTWARE: COMPANY SNAPSHOT


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