Rising Demand for Big Data Analytics in HR and Streamlining Hiring Process Fuels Global Talent Management Market with a CAGR of 12.19%

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Jul 21, 2023, 20:00 ET

DUBLIN, July 21, 2023 /PRNewswire/ -- The "Global Talent Management Market (2023-2028) by Component, Enterprise Size, Deployment Type, End User, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Talent Management Market is estimated to be USD 8.6 Bn in 2023 and is expected to reach USD 15.29 Bn by 2028, growing at a CAGR of 12.19%.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Talent Management Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Talent Management Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

The report offers a comprehensive evaluation of the Global Talent Management Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

A complete analysis of the market, including the parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

Increasing acceptance of cloud-based talent management solutions
Streamlining the hiring process through technological adoption
Improved onboarding experience
Emergence of social platforms

Restraints

Budget constraints that restrict the adoption of talent management software suite
Use of traditional methodologies due to lack of awareness

Opportunities

Evolving need for big data analytics in HR
Unified integrated system for performance assessments

Challenges

Integration across various talent management suites
Lack of skilled and proficient individuals in recruitment

Companies Mentioned

ABB Ltd.
ADP, Inc.
Avature
Cornerstone OnDemand, Inc.
DelTek, Inc.
Halogen Software, Inc.
Haufe Group
IBM Corp.
Keka, Inc.
Korn Ferry
Learning Technologies
Lumesse AS
Oracle Corp.
Peoplefluent, Inc.
Saba Software, Inc.
SAP SE
SilkRoad Technology
Skillsoft Corp.
SumTotal Systems, LLC
Talent soft
Talentguard, Inc.
The Ultimate Software Group, Inc.Wipro Ltd.
Wipro Ltd.
Workday, Inc.

Market Segmentation

The Global Talent Management Market is segmented based on Component, Enterprise Size, Deployment Type, End User, and Geography.

By Component, the market is classified into Solutions and Services.
By Enterprise Size, the market is classified into SMEs and Large Enterprises.
By Deployment, the market is classified into Cloud and On-premises.
By End User, the market is classified into IT & Telecom, BFSI, Government, Healthcare, Education, Manufacturing, and Others.
By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.

For more information about this report visit https://www.researchandmarkets.com/r/2wk8j0

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