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Global Market for Talent Management Software to be Driven by Growing Emphasis on Employee Engagement Initiatives

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Published on : May 04, 2016

ALBANY, New York, May 04, 2016: The study offers an in-depth analysis of the global market for talent management software, focusing on the major growth drivers, opportunities, and current trends. The research study further provides the market size and share of the talent management market and human capital management market coupled with their respective segments.

The research study further studies the major opportunities in the global market for talent management software and outlines the key factors that will be driving the growth of the market throughout the forecast period. The historical trends and estimated market size are presented in the research report with the help of tables, charts, and infographics. 

The increasing need for streamlining HR functions, growth of developing-learning, absence of skilled workers, software-as-as-service market, and corporate insight to enhance employee engagement and retention are some of the major factors that are projected to fuel the growth of the global market for talent management software throughout the forecast period. In addition, the use of cloud-based talent management software and rising interest in talent management technology are some of the opportunities for the market players.

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On the other hand, the selection of the right vendor, entry barriers, and acquisition of talent management software vendors are the major challenges for the major players operating in the global market. 

According to the research study, the global market for talent management software is anticipated to grow at a fast pace throughout the forecast period in comparison with the preceding year. The rapid growth of the market can be attributed to the high rate of adoption of talent management software by several small and medium businesses, technological advancements, and growing trend of cloud-based talent management software. 

The research report on the global market for talent management software further talks about the elements and capabilities of the software. It also includes the different stages and advantages of using talent management software. The research study further provides the market share, size, and forecast of each segment. The recommendations and insights given by professionals are expected to help the new entrants in formulating their business strategies in an effective manner. 

Furthermore, the research study provides a clear picture of the competitive landscape of the global market for talent management software. The market is highly fragmented owing to the presence of small as well as medium-sized players. The overall market is anticipated to expand as several large companies are replacing standalone systems and medium-sized companies are buying smaller systems at a fast pace. Some of the leading players mentioned in the research study are Oracle Corporation, Halogen Software Inc., and Cornerstone OnDemand Inc.

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