市場調查報告書
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1353544
全球人才管理軟體市場規模、佔有率、產業趨勢分析報告:2023-2030 年按解決方案、部署和地區分類的展望和預測Global Talent Management Software Market Size, Share & Industry Trends Analysis Report By Solution, By Deployment, By Regional Outlook and Forecast, 2023 - 2030 |
到 2030 年,人才管理軟體市場規模預計將達到 194 億美元,預測期內市場年複合成長率率為 11.4%。
根據KBV Cardinal矩陣中發布的分析,甲骨文是該市場的領導者。 SAP SE、IBM Corporation 和 The Sage Group plc 等公司是市場上的主要創新者。 2019 年 12 月,The Sage Group plc 完成了對 CakeHR 的收購,以開發 Sage Business Cloud,以加強其針對中小型企業的原生雲端服務並強化其 SaaS 願景。
市場成長要素
簡化招募流程的創新
基於行動的 HRMS 和雲端基礎的平台的使用不斷增加是推動市場成長的主要要素之一。組織和人力資源專業人員使用軟體即服務 (SaaS) 平台來自動識別、僱用和保留人才庫中的人才。由於簡化人力資源流程的需求不斷成長,公司正在更廣泛地使用人力資本管理軟體。在此背景下,隨著技術創新簡化招聘,對人才管理軟體的需求可能會成長。
更重視員工敬業度和留任率
日益關注員工敬業度和留任率是推動該市場的關鍵要素。組織認知到有效管理和發展人力資源以保持競爭力的重要性。隨著公司尋求保留和獲得最佳技能,績效管理、學習和改進以及職業發展軟體程式變得越來越重要。對員工敬業度和留任率的日益重視可能會推動對人才管理軟體的需求。因此,預計市場在預測期內將會成長。
市場抑制因素
中小企業缺乏意識
資料和分析長期以來一直被用來製定更明智的業務決策,但大多數公司在實施人才分析方面仍有很長的路要走。對人才管理軟體的好處缺乏認知是市場擴張的主要障礙。缺乏對人才管理軟體優勢的了解是市場擴張的主要障礙。此外,人才管理會對資源、時間和財務產生重大影響。中小企業對人才管理系統的採用有限,可能會限制市場擴張。
解決方案展望
解決方案分為績效管理、學習培訓管理、薪酬管理、員工生命週期管理和招募管理。在2022年的市場中,薪酬管理領域獲得了很大的銷售佔有率。近年來,薪酬管理發生了根本性變化,員工敬業度和資料分析成為焦點,增加了對這些解決方案的需求。薪酬管理軟體領域預計將受到對自動化薪酬管理流程日益成長的需求的推動,自動化薪酬管理流程透過減少人為錯誤來簡化管理程序,降低組織成本,同時提高效率和生產力,並節省時間。
發展前景
根據實施型態,市場分為雲端類型和本地類型。在 2022 年的市場中,雲端細分市場獲得了可觀的收入佔有率。雲端基礎的解決方案被廣泛使用,因為它們提供了按需服務、適應性和敏捷性等優勢。雲端基礎的服務和解決方案的其他好處包括定期軟體升級、擴展的儀表板和分析以及改進的用戶體驗。雲端基礎的服務提供了許多額外的好處,例如按需服務、彈性和解決方案敏捷性。
應用前景
依用途分為IT/通訊、BFSI、政府、醫療保健、教育、製造等。 2022 年,IT 和電信領域以最大的收入佔有率主導市場。由於激烈的數位競爭、動盪的經濟以及擁有特定資訊和高期望的新一代客戶,該細分市場正面臨巨大挑戰。因此,非常需要高技能的勞動力和尖端的招募策略。人才管理平台提供全面的見解和有效的商業策略,滿足正確標準的要求。
區域展望
從區域來看,我們對北美、歐洲、亞太地區和拉丁美洲地區的市場進行了分析。 2022年,亞太地區在市場中獲得了顯著的收入佔有率。市場擴張的原因之一是最尖端科技的接受度不斷提高。在工業國家,組織管理技術的巨大轉變正在推動需求。在日本、印度和澳大利亞,充滿活力的生態系統預計將推動中小企業採用該軟體。另一方面,IT/通訊、BFSI、製造、教育等行業的大公司預計將獲得強勁回報。
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.
Employee lifecycle management software demand may be influenced by the growth of remote work and the need for digital team management solutions. Hence, the Employee Lifecycle Management segment will capture approximately 2/5th share in the market by 2030. There is a growing need for software solutions which can streamline and automate many elements of personnel management as firms look to improve their HR operations. Talent management software provides robust solutions for performance management, development & learning, and succession planning, enabling companies to increase employee engagement, recognize high-potential individuals, and develop a continuous growth and development culture.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. In June, 2023, Cornerstone OnDemand, Inc signed an agreement with Skillsoft to acquire SumTotal to deliver its services to a larger number of customers and help the organizations to identify talent and maintain workload efficiently. Additionally, in November, 2021, Workday came into an agreement to acquire VNDLY to offer its customers to manage their workforce dynamics.
Based on the Analysis presented in the KBV Cardinal matrix; Oracle Corporation is the forerunner in the Market. Companies such as SAP SE, IBM Corporation, and The Sage Group plc are some of the key innovators in the Market. In December, 2019, The Sage Group plc completed the acquisition of CakeHR to develop Sage Business Cloud to boost its native cloud services for small businesses and enhance its SaaS vision.
Market Growth Factors
Technological Innovations to Simplify Hiring Process
The increasing use of mobile-based personnel management systems and cloud-based platforms is one of the key factors fueling the growth of the market. Software-as-a-Service (SaaS) platforms are used by organizations and HR professionals to automate the identification, hiring, and retention of people from talent pools. Companies use talent management software more widely due to the growing demand to streamline HR processes. In light of this, the demand for talent management software will grow as a result of the rising technology innovation to simplify hiring.
Growing Focus on Employee Engagement and Retention
The growing focus on employee engagement and retention is a significant factor boosting this market. Organizations recognize the significance of effectively managing and cultivating talent to maintain a competitive edge. Software programs for managing performance, learning and improving, and advancing one's career are becoming increasingly crucial as companies seek to keep and attract pinnacle skills. As a result of this increased focus on employee engagement and retention, the talent management software will be more in demand. Due to this, the market is expected to grow during the projection period.
Market Restraining Factors
Lack of Awareness Among SMEs
Most businesses still have a long way to go before implementing talent analytics, even though data and analytics have long been utilized to make wise business decisions. A lack of awareness of the advantages of talent management software significantly hampers the expansion of the market. Lack of knowledge of talent management software's benefits is a significant barrier to the market's growth. Additionally, talent management may have substantial resources, time, and financial implications. Due to SMEs' limited adoption of talent management systems, market expansion will be constrained.
Solution Outlook
By solution, the market is classified into performance management, learning & training management, compensation management, employee lifecycle management and recruiting management. The compensation management segment acquired a substantial revenue share in the market in 2022. In recent years, compensation administration has undergone radical changes, with employee participation and data analysis assuming a prominent position, increasing the demand for these solutions. The segment for compensation management software is anticipated to be driven by the rising demand for automated compensation management processes, which streamline administrative procedures by reducing errors brought on by manual work and saving organizations money & time while enhancing efficiency and productivity.
Deployment Outlook
On the basis of deployment, the market is categorized into cloud and on-premise. The cloud segment garnered a significant revenue share in the market in 2022. Cloud-based solutions are widely used because they provide advantages, including on-demand services, adaptability, and agility. Other benefits of cloud-based services and solutions are regular software upgrades, expanded dashboards & analytics and improved user experience. The segment's expansion is driven by the rising popularity of cloud-based services, which provide numerous additional advantages like on-demand services, flexibility, and agility of the solutions.
Application Outlook
By application, the market is segmented into IT & telecom, BFSI, government, healthcare, education, manufacturing, and others. In 2022, the IT & telecom segment dominated the market with maximum revenue share. Due to fierce digital competition, an unstable economy, and a new generation of customers with specific information and high expectations, this segment is experiencing enormous difficulties. As a result, there is a significant need for a highly skilled workforce and cutting-edge recruiting strategies. Platforms for talent management provide comprehensive insights and effective business strategies in response to the demand for suitable criteria.
Regional Outlook
Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region acquired a significant revenue share in the market. The market's expansion can be partly attributed to the organization's growing acceptance of cutting-edge technologies. The demand for the product is driven in industrialized nations by a dramatic shift in organizational management technologies. In Japan, India, and Australia, SMEs are anticipated to encourage the adoption of this software due to active ecosystems. On the other hand, large companies in IT & telecom, BFSI, manufacturing, education, and other industries are anticipated to generate substantial revenue.
The market research report covers the analysis of key stakeholders 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.
Recent Strategies Deployed in Talent Management Software Market
Partnerships, Collaboration and Agreements:
Apr-2023: Workday, Inc. came into partnership with Dayshape, an AI-powered planning and scheduling platform designed to maintain an optimal workforce. This Partnership enables Workday to provide their customers, with specified planning for resource management which would result in improvement of the organization's productivity and performance. Further, the two companies are planning to develop a packaged solution for their customers.
Nov-2022: Workday, Inc. partnered with pulsESG, a company that provides an integrated and comprehensive SaaS platform to track and insight into organizations' work and strategies. Through this partnership, both companies would enable customers jointly by providing a better solution for Financial and Human Capital Management. In addition, this partnership enables enterprises to track and improve their performances to achieve their goals.
Nov-2021: BambooHR LLC. came into partnership with Remote, an HR tech platform that helps organizations to manage pay and workers. This partnership enables customers to accelerate the productivity of HR teams by providing employee data and the automation of repetitive tasks. Moreover, this integration would offer a hybrid and secure hiring process that enables HR to work more efficiently.
Apr-2021: SAP SE announced the expansion in the partnership with Siemens, a tech company focused on industry, infrastructure, transport, healthcare, etc. Through this partnership, both companies would be able to offer new and innovative solutions to their customers and expand their product portfolio. Furthermore, both companies planned to deliver new cloud-based technology services that enable industrial equipment manufacturers to increase productivity.
Product Launch and Product Expansions:
Jun-2023: 15Five, Inc. launched HR Outcomes Dashboard, a software that provides outcomes to HR leaders. With the help of the HR Outcomes Dashboard HR leaders can simply measure, analyze and take action on the data that attach their performance to business impact. Moreover, with this software HR leaders can take responsibility to increase business awareness and make proper budgeting and planning.
Nov-2022: IBM Corporation launched Analytics Content Hub, a software created to help organizations to give out data and analytics. This new software enables enterprises to take data-driven decisions frequently and detect unexpected disturbances. It is designed to allow customers to look at the strategy and analytics dashboards from various vendors, including tools like IBM Planning Analytics with Watson, IBM Cognos Analytics with Watson, and other common business intelligence tools.
Oct-2022: Cornerstone OnDemand, Inc., a subsidiary of Clearlake Capital Group, L.P. launched a new Talent Experience Platform (TXP), a digital platform that helps HR leaders to identify talent and increase the productivity of the organization through better management solutions. Moreover, with Cornerstone's new Talent Experience Platform, organizations can transform their business strategies and encourage their employees to grow and do hard work.
Acquisitions and Merger:
Jun-2023: Cornerstone OnDemand, Inc., a subsidiary of Clearlake Capital Group, L.P. signed an agreement with Skillsoft to acquire SumTotal, a provider of digital learning and Talent Development platform. With this acquisition, Cornerstone would be able to deliver its services to a larger number of customers and help the organizations to identify talent and maintain workload efficiently.
Jun-2022: Cegid signed an agreement to acquire StorIQ, an in-store activity management and store communication platform. Through this acquisition, the company would gain expertise in store management operations and also affiliate its business in new regions. Further, both companies would jointly offer better customer experiences and innovative solutions.
Nov-2021: Workday announced an agreement to acquire VNDLY, a startup that helps companies manage external workforce personnel. Through this acquisition, the company would be able to offer its customers to manage their workforce dynamics.
Apr-2021: Cegid completed the acquisition of Talentsoft, a software solution provider for talent acquisition, talent management, learning, etc. Through this acquisition, the company would be able to boost the extension of its HR management Solutions which is one of its main segments. In addition, both companies would develop a new French powerhouse to accelerate its existence and dominance in France, Europe, and the rest of the world.
Apr-2021: 15Five, Inc. acquired Emplify, a software-providing company for employee engagement and management. Through this acquisition, 15Five would be the leading company that provides a complete platform for performance management. In addition, with this acquisition 15Five will continue helping out their customers to take the right decisions by providing qualitative and quantitative data about their employees.
Market Segments covered in the Report:
By Solution
By Deployment
By Application
By Geography
Companies Profiled
Unique Offerings from KBV Research