World Talent Management Software Market: 9.87% CAGR to 2020

ReportsnReports.com adds Global Talent Management Software Market 2016-2020 latest research report; the analysts forecast the global talent management software market to grow at a CAGR of 9.87% during the period 2016-2020.

January 11, 2017 /MarketersMedia/ —

The global talent management software market analyst says one trend in the market is increasing use of social media. The widespread use of social media in the talent management industry is increasing the business opportunities for the vendors. The sharing of jobs via social media networks such as LinkedIn and Facebook is also contributing to the growth of the market. The social media boom has resulted in the companies modifying their policies on the internet use, sales and marketing, recruitment, and employee retention to include insights gained from social media. The advent of social media in talent management has made hiring managers and recruiters proactive in their approach by engaging with talent across a wide range of social networking platforms.

Complete report on talent management software market spread across 56 pages and analyzing 5 major companies are now available at http://www.reportsnreports.com/reports/799194-global-talent-management-software-market-2016-2020.html

According to the talent management software market report, one driver in the market is increased demand for automated recruitment processes. Recruitment is one of the modules included in the talent management software. Thus, the rising demand for automating recruitment processes is will drive the adoption of talent management software. The recruitment of new talent requires a lot of investment in terms of time and money for any company. Talent management software automates the various activities of recruitment and streamlines the entire hiring process, reducing the overall cost and time needed for the process.

The following companies are the key players in the global talent management software market: Cornerstone OnDemand, Halogen Software, Lumesse, SAP SuccessFactors, and Oracle. Other prominent vendors in the market are: Acendre, BambooHR, Infor, Performly, PeopleFluent, Ultimate, Vector Capital, Willis Towers Watson, and Workday. Order a copy of Global Talent Management Software Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=799194

The global talent management software market was valued at close to USD 6 billion in 2015 and is expected to surpass USD 9 billion by 2020. The companies across the globe are adopting SaaS-based talent management software as it is economical and improves the efficiency of the HR processes. These solutions are highly advanced and offer better functionality than traditional HR software; making it very popular in the global market.

The companies in the market are integrating analytics with talent management software to increase the productivity of the HR process. These analytical tools help the end-users to track and monitor recruitment marketing data in real-time. The tracking of sourcing data helps the companies trail qualified candidates; the amount of time spent on a career site, and checks the source used for applying for the job vacancy.

Global Talent Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global talent management software market for 2016-2020. To calculate the market size, this report considers the revenue generated from the sales of talent management software licenses, installation and implementation, training, maintenance, and subscriptions.

Further, the talent management software market report states that one challenge in the market is lack of skilled professionals to operate talent management software. Implementation of talent management software in enterprises is very complex and requires extensive training for the end-users to enable them to understand its functionality. Without proper training, employees are unable to operate the software.

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