The talent management software market size has seen robust growth in recent years, swelling from $13.05 billion in 2024 to $14.56 billion in 2025 at a compound annual growth rate (CAGR) of 11.6%. This growth has primarily been driven by vendor innovation and market competition, user-friendly interfaces, the shift to cloud-based solutions, and an emphasis on performance and goal management.
What Is the Forecast for the Talent Management Software Market?
The talent management software market is expected to continue its brisk growth over the next few years, reaching $24.83 billion in 2029 at a CAGR of 14.3%. The surge in the shift to hybrid work models, a focus on employee’s well-being, skills gap, talent scarcity, and diversity, equity, and inclusion (DEI) initiatives, as well as continuous performance management, are key growth drivers. Significant trends include talent mobility and internal mobility, employee well-being and engagement, integration with the HR ecosystem, security and compliance features, succession planning, leadership development, and integration with HRIS and ERP systems.
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What is Driving the Growth of the Talent Management Software Market?
The increasing usage of social network sites is propelling the demand for the talent management software market. Social network sites allow users to create a public or semi-public profile within a system and read and navigate connections made by other users. They are a powerful tool for promoting an employer’s brand and accessing a large pool of talents. With 4.8 billion social media users worldwide and an average of 410,000 new users joining daily, the growth of the talent management software market is expected to be driven by the increased use of social network sites.
What Are the Major Segments Within the Talent Management Software Market?
The talent management software market comprises various segments –
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: SMEs, Large Enterprises
4) By Industry Vertical: BFSI, IT and Telecom, Manufacturing, Government, Healthcare, Education, Retail, Other Industry Verticals
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Who Are The Major Players in the Talent Management Software Market?
Leading companies in the talent management software market include Cornerstone OnDemand Inc., International Business Machines Corporation, Oracle Corporation, PeopleFluent Holdings Corp., Skillsoft Corporation, SAP SuccessFactors, TalentSoft SA, SumTotal Systems LLC, Workday Inc., TalentGuard Inc., Haufe Group GmbH & Co. KG, Ultimate Software Group Inc., PageUp People Limited, Automatic Data Processing Inc., Eightfold AI Inc., Deltek Inc., ClickUp Inc., Cornerstone Growth Acquisition Corp., Deel Technologies Inc., Dun & Bradstreet Corporation), Paycor Inc., Remo First Oy, Cegid Group SA, Rippling Inc., and Sage HR.
What Are the Emerging Trends in the Talent Management Software Market?
Technological advancements are shaping the talent management software market landscape. Major players are focusing on technological innovation to maintain their market positions. For example, in May 2024, ADP, an Indian-based services company, launched an integrated Talent Management Suite aimed at supporting organizations in acquiring, developing, and retaining top talent. By leveraging advanced learning tools and insights, ADP aims to streamline operations and improve employee engagement and performance.
Which Region Dominates the Talent Management Software Market?
In 2024, North America was the largest region in the talent management software market. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
What Does The Talent Management Software Market Report 2025 Offer?
Talent management software facilitates the entire employee lifecycle, from initial acquisition to succession planning, within an organization. It is used in a variety of talent management procedures including hiring, onboarding new employees, performance evaluation, learning and development, compensation administration, and succession planning. The Talent Management Software Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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