The Talent Management Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Talent Management Software Market?
The market size of Talent Management Software has seen a quick expansion in the past few years. It was $13.05 billion in 2024 and is anticipated to increase to $14.56 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 11.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Talent Management Software Industry?
By 2029, the Talent Management Software market is projected to reach a size of $24.83 billion, growing at a compound annual growth rate (CAGR) of 14.3%.
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What are the Key Growth Drivers Fueling the Talent Management Software Market?
The key drivers in the talent management software market are:
• Shift to hybrid work models fueling the need for effective talent management solutions
• Increased emphasis on employee well-being and engagement
• Persistence of skills gap and talent scarcity issues
• Rising focus on diversity, equity, and inclusion within organizations
Global Market Segmentation: Identifying Major Talent Management Software Industry Segments
The talent management software market covered in this report is segmented –
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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What are the Emerging Trends Shaping the Future of the Talent Management Software Market?
The key trends in the talent management software market are:
• Talent mobility and internal mobility are becoming key trends in the talent management software market.
• A focus on employee well-being and engagement is increasingly shaping the market's future.
• There is a rising trend towards integration with HR ecosystem, security, and compliance features.
• Succession planning and leadership development, along with integration with HRIS and ERP systems, are emerging as significant trends.
Who Are the Top Competitors & Leading Players in the Talent Management Software Market?
Major companies in the talent management software market are:
• 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.
• Sage HR
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the talent management software market share in 2024
