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全球人才管理软体市场规模、份额、产业趋势分析报告:2023-2030 年按解决方案、部署和地区分類的展望和预测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,人才管理软体市场规模预计将达到 194 亿美元,预测期内市场年复合成长率率为 11.4%。
根据KBV Cardinal矩阵中发布的分析,甲骨文是该市场的领导者。 SAP SE、IBM Corporation 和 The Sage Group plc 等公司是市场上的主要创新者。 2019 年 12 月,The Sage Group plc 完成了对 CakeHR 的收购,以开发 Sage Business Cloud,以加强其针对中小型企业的原生云端服务并强化其 SaaS 愿景。
市场成长要素
简化招募流程的创新
基于行动的 HRMS 和云端基础的平台的使用不断增加是推动市场成长的主要要素之一。组织和人力资源专业人员使用软体即服务 (SaaS) 平台来自动识别、僱用和保留人才库中的人才。由于简化人力资源流程的需求不断增长,公司正在更广泛地使用人力资本管理软体。在此背景下,随着技术创新简化招聘,对人才管理软体的需求可能会成长。
更重视员工敬业度和留任率
日益关注员工敬业度和留任率是推动该市场的关键要素。组织认识到有效管理和发展人力资源以保持竞争力的重要性。随着公司寻求保留和获得最佳技能,绩效管理、学习和改进以及职业发展软体程式变得越来越重要。对员工敬业度和留任率的日益重视可能会推动对人才管理软体的需求。因此,预计市场在预测期内将会成长。
市场抑制因素
中小企业缺乏意识
资料和分析长期以来一直被用来製定更明智的业务决策,但大多数公司在实施人才分析方面仍有很长的路要走。对人才管理软体的好处缺乏认识是市场扩张的主要障碍。缺乏对人才管理软体优势的了解是市场扩张的主要障碍。此外,人才管理会对资源、时间和财务产生重大影响。中小企业对人才管理系统的采用有限,可能会限制市场扩张。
解决方案展望
解决方案分为绩效管理、学习培训管理、薪酬管理、员工生命週期管理和招募管理。在2022年的市场中,薪酬管理领域获得了很大的销售份额。近年来,薪酬管理发生了根本性变化,员工敬业度和资料分析成为焦点,增加了对这些解决方案的需求。薪酬管理软体领域预计将受到对自动化薪酬管理流程日益增长的需求的推动,自动化薪酬管理流程透过减少人为错误来简化管理程序,降低组织成本,同时提高效率和生产力,并节省时间。
发展前景
根据实施型态,市场分为云端类型和本地类型。在 2022 年的市场中,云端细分市场获得了可观的收入份额。云端基础的解决方案被广泛使用,因为它们提供了按需服务、适应性和敏捷性等优势。云端基础的服务和解决方案的其他好处包括定期软体升级、扩展的仪表板和分析以及改进的用户体验。云端基础的服务提供了许多额外的好处,例如按需服务、弹性和解决方案敏捷性。
应用前景
依用途分为IT/通讯、BFSI、政府、医疗保健、教育、製造等。 2022 年,IT 和电信领域以最大的收入份额主导市场。由于激烈的数位竞争、动盪的经济以及拥有特定资讯和高期望的新一代客户,该细分市场正面临巨大挑战。因此,非常需要高技能的劳动力和尖端的招募策略。人才管理平台提供全面的见解和有效的商业策略,满足正确标准的要求。
区域展望
从区域来看,我们对北美、欧洲、亚太地区和拉丁美洲地区的市场进行了分析。 2022年,亚太地区在市场中获得了显着的收入份额。市场扩张的原因之一是最尖端科技的接受度不断提高。在工业国家,组织管理技术的巨大转变正在推动需求。在日本、印度和澳大利亚,充满活力的生态系统预计将推动中小企业采用该软体。另一方面,IT/通讯、BFSI、製造、教育等行业的大公司预计将获得强劲回报。
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