$ 5.41 Billion Growth in Global Talent Management Software Market 2020-2024 | Featuring Key Vendors Including Automatic Data Processing Inc., Bullhorn Inc., and Cornerstone OnDemand Inc. among others | Technavio
NEW YORK, March 23, 2021 /PRNewswire/ -- The talent management software market is expected to grow by USD 5.41 bn during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the talent management software market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
The talent management software market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Related Report on Information Technology Include:
Global Workforce Analytics Market - Global workforce analytics market is segmented by end-user (retail, BFSI, telecom and IT, healthcare, and others) and geography (North America, Europe, APAC, South America, and MEA).
Global Recruitment Process Outsourcing Market - Global recruitment process outsourcing market is segmented by end-user (IT and telecom, manufacturing, BFSI, healthcare, and others) and geography (APAC, Europe, MEA, North America, and South America).
Major Three Talent Management Software Market Participants:
Automatic Data Processing Inc.
Automatic Data Processing Inc. operates its business through segments such as Employer Services and PEO Services. The company offers cloud solution along with powerful HCM SM technology. It provides a range of services such as Payroll, Leave Management, Attendance, Performance Management, and Exit Management.
Bullhorn Inc. operates its business through segments such as Products and Solutions. The company offers Salesforce Recruitment Software for staffing and recruitment operations.
Cornerstone OnDemand Inc.
Cornerstone OnDemand Inc. operates its business through segments such as Products and Solutions. The company offers PiiQ. It is a learning management system that helps organizations and businesses to create a culture of learning
Talent management software market is segmented as below:
The talent management software market is driven by the use of cloud-based talent management software. In addition, other factors such as the rising popularity of mobile-based talent management software are expected to trigger the talent management software market toward witnessing a CAGR of about 11% during the forecast period.
About Us 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 17,000 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.