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The Talent Management Software Market size was recorded at USD 9.17 billion in 2023 and is expected to reach USD 25.42 billion by 2032, growing at a CAGR of 12.0 % over the forecast period of 2024-2032.
Talent Management Software (TMS) Market is seeking a major overhaul with plenty of new technologies breaking through the workspace of workforce management in an organization till cloud and data analytics are doing most notably well. The rapid transition to web-based applications and digitalization are the primary factors driving demand for software solutions, while how quickly talent management technologies can be adopted among various industries will also drive more advanced tools into the Talent management software market. The Review by the Recruiters about the use of software for recruitment has admitted that more than 60% of the companies have shifted to AI/ ML for skill assessment. Moreover, In Fortune 500 Companies, more than 90% of the companies Using ATS (AI software) to recruit, as well as more than 65% of the Large Companies use AI, which results in as cost-effective and time saver for them.
Businesses are constantly looking to integrate technologies that can swiftly analyze, optimize, and manage their business requirements to streamline their operations. All of these features are combined into a single dashboard that enables firms to assess the best organizational tactics and resources for achieving their objectives. For Instance, in partnership with ServiceNow, IBM Consulting unveiled a brand-new service offering, enhancing the ServiceNow Talent Development solution by merging IBM's HR and talent transformation knowledge with IBM Talent Frameworks skills taxonomy data, which will enable the development of swift and skill-centric workforces.
Talent management software is getting smarter! Companies are using advanced computer programs that can not only store information about their employees but also learn from it. Cloud-based software and artificial intelligence (AI) may make all of this feasible. Companies can predict things like who might depart or who might be an excellent match for a new career by integrating AI into talent management software. This helps them hire better people and keep the good ones happy. For example, a company called Workday just added AI to their software to make it even more powerful. This will help businesses make smarter decisions about their employees. For Instance, Oracle NetSuite released a new program called NetSuite Enterprise Performance Management (EPM), in November 2023. This is a fancy financial tool that helps businesses manage their money better. It helps them organize everything in one place and makes things run more smoothly. Same as like, companies use cloud-based software to turn large data sets into meaningful insights that help them to make useful decisions. For Instance, a company called Paycom, had launched a new product called Global HCM, in April 2023. This is an efficient way for companies with offices in different countries to use the same system to manage all their employees, no matter where they are located.
Drivers
Increasing Market Potential by simplifying the Hiring Process with Technological Innovations
The increasing adoption of cloud-based platforms and mobile-based personnel management systems are some other factors driving the growth in the talent management software market. SaaS implementations are increasingly becoming common in organizations and among HR professionals where scouting, identification, and recruitment of new talent from talent pools along with retaining the existing personnel is being automated through SaaS-based platforms. Talent management software such as ADP Workforce, Zip Recruiter, Talent 3Sixty, LinkedIn, Workday, and ORACLE TBE, can also improve the hiring process, reinforce office culture, and help employees learn in a place that suits those best through digitizing workforces for enhanced performance. These advances are seamlessly incorporated and integrated into other mobile apps, due to the interworking with social media tools, which collectively drive more utilization of talent management software. The economy has also increased due to various technical breakthroughs such as Machine Learning (ML) and artificial intelligence (AI). For Instance, TalentGuard, WorkforceGPT, Is a brand new program launched in March 2023 that uses cutting-edge technology to help businesses manage their employees in a whole new way.
Restrains
SMEs' lack of awareness of talent management software solutions will stymie market growth.
Although data and analytics have long been used to make informed business choices, most organizations still have a long way to go in terms of using talent analytics. A big obstacle to market expansion is a lack of knowledge, of the benefits of talent management software. To map competence needs at all levels of the organization, talent management requires the use of expensive instruments. Due to a Lack of funding, Small and Medium Enterprises are hesitating to invest in this software. As a result, SMEs see limited adoption of talent management technology.
Opportunities
Increasing popularity of Cloud-based technologies which are opportunities for the market.
Increasing AI in Human resource management creates opportunities for the market.
Challenges
The high cost of TMS hardware and constantly evolving talent management practices limit the worldwide TMS industry's expansion.
Key Market Segmentation
The Talent Management Software Market is segmented into four types based on by type, by Deployment, by Organization Size, and by Application.
By Solution:
In solution-type segmentation, employee lifecycle management led the market with more than 30% of the market share in 2023, due to an increasing shift toward employee engagement and taking actions toward retaining the employees in the workplace. According to the U.S. market report on the attraction and retention rate of employees, up to May, 24 the no. of employees seeking new jobs is seen to be more than 45%. Companies nowadays are taking effective steps such as creating diverse work cultures, providing hybrid modes of working, rewarding efforts, etc. For Instance, in the U.S., companies are adopting 4 days work culture, with many countries like Australia, Austria, and Canada already following this, which boosts the company's reputation.
Moreover, companies are also paying for training employees so that they can give their best towards company and get attached to the organization for long. Software such as SkyPrep, Deel, WeSchool, and Leapsome are some, used by companies to train the employees.
By Deployment:
The growing adoption of cloud-based solutions by companies to reduce their time and effort from job posting to sorting the right candidates, scheduling interviews, and so on. This also reduces their time by almost 50% and also sorts the candidates with the right skills. For Instance, the software is Manatal, Zoho Recruit, jazz HR, etc.
North America region led the market of the talent management platform market with more than 35% of the market share during the forecast period. The Market survey on talent management suggests that North America is a mature market for talent management, core HR, and recruitment technologies. The regional market is dominated by established HCM software suppliers, especially Ceridian HCM Holding Inc., Oracle Corporation, IBM Corporation, and others.
According to a market survey with HRs in North America in 2024, more than 75% of companies are using AI for recruitment and also investing heavily in that. In Addition, more than 40% Of HRs use ATS scores (by ATS +AI software) to shortlist the candidates. According to SNS research, the adoption of AI in recruitment has reduced the cost by 40% for companies as compared to traditional Methods.
Asia-Pacific anticipated registering a significant growth rate, as organizations becoming more comfortable with new technologies may be the primary reason for market growth. The growing need for products in developed countries is one of the substantial reasons among others propelling the demand for organizational management technologies. Because of its vibrant ecosystems, Japan and India will also be key markets for the application of SMEs to encourage its adoption. Conversely, large clients belonging to sectors such as IT & telecom, BFSI, manufacturing, and education are expected to provide major dollars.
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The major players in the market are Workday, Inc., IBM Corp., Oracle Corp., Peoplefluent, Inc., BambooHR LLC, CornerStone OnDemand Inc., SAP SE, Haufe Group, Lumesse AS, DelTek Inc., Applied Training Systems, Inc., Saba Software Inc., Halogen Software Inc., and others in the final report.
Recent development
Talent Tech Labs introduced a software update in February 2024 to assist HR departments with employee management. This update includes all the latest tools and features that HR departments need to be successful today.
Talent Tech Labs (in February 2024) released a software update that helps HR departments manage their employees. It comes with all the newest tools and features required to succeed as an HR department nowadays.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 9.17 billion |
| Market Size by 2032 | US$ 25.42 Billion |
| CAGR | CAGR of 12% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Solution (Employee Lifecycle Management, Recruiting Management, Learning and Training Management, Compensation Management, Performance Management) • By Deployment(Cloud, On-premise) • By Organization Size(Small and Medium Enterprises, Large Enterprises) • By Application(IT and Telecommunication, BFSI, Government, Healthcare, Education, Manufacturing, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Workday, Inc., IBM Corp., 15Five, Oracle Corp., Cornerstone OnDemand, SAP SE, Peoplefluent; Inc., Haufe Group, Lumesse AS, DelTek Inc., Halogen Software Inc., Saba Software Inc |
| Key Drivers | • Increasing Market Potential by simplifying the Hiring Process with Technological Innovations |
| RESTRAINTS | • SMEs' lack of awareness of talent management software solutions will stymie market growth. |
The market is expected to grow to USD 25.42 billion by the forecast period of 2032.
USD 9.17 billion in 2023 is the market share of the Talent Management Software Market.
Growth rate of the Talent Management Software Market is CAGR 12.38 %.
The major players in the market are Workday, Inc., IBM Corp., Oracle Corp., Peoplefluent, Inc., BambooHR LLC, CornerStone OnDemand Inc., SAP SE, Haufe Group, Lumesse AS, DelTek Inc., Applied Training Systems, Inc., Saba Software Inc., Halogen Software Inc., and others in the final report.
The forecast period of the Talent Management Software Market is 2024-2032.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Talent Management Software Market Segmentation, By Solution
7.1 Introduction
7.2 Employee Lifecycle Management
7.3 Recruiting Management
7.4 Learning and Training Management
7.5 Compensation Management
7.6 Performance Management
8. Talent Management Software Market Segmentation, By Deployment
8.1 Introduction
8.2 Cloud
8.3 On-Premise
9. Talent Management Software Market Segmentation, By Organization Size
9.1 Introduction
9.2 Small and Medium Enterprises
9.3 Large Enterprises
10. Talent Management Software Market Segmentation, By Application
10.1 Introduction
10.2 IT and Telecommunication
10.3 BFSI
10.4 Government
10.5 Healthcare
10.6 Education
10.7 Manufacturing
10.8 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Talent Management Software Market by Country
11.2.3 North America Talent Management Software Market by Solution
11.2.4 North America Talent Management Software Market by Deployment
11.2.5 North America Talent Management Software Market by Organization Size
11.2.6 North America Talent Management Software Market by Application
11.2.7 USA
11.2.7.1 USA Talent Management Software Market by Solution
11.2.7.2 USA Talent Management Software Market by Deployment
11.2.7.3 USA Talent Management Software Market by Organization Size
11.2.7.4 USA Talent Management Software Market by Application
11.2.8 Canada
11.2.8.1 Canada Talent Management Software Market by Solution
11.2.8.2 Canada Talent Management Software Market by Deployment
11.2.8.3 Canada Talent Management Software Market by Organization Size
11.2.8.4 Canada Talent Management Software Market by Application
11.2.9 Mexico
11.2.9.1 Mexico Talent Management Software Market by Solution
11.2.9.2 Mexico Talent Management Software Market by Deployment
11.2.9.3 Mexico Talent Management Software Market by Organization Size
11.2.9.4 Mexico Talent Management Software Market by Application
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Talent Management Software Market by Country
11.3.2.2 Eastern Europe Talent Management Software Market by Solution
11.3.2.3 Eastern Europe Talent Management Software Market by Deployment
11.3.2.4 Eastern Europe Talent Management Software Market by Organization Size
11.3.2.5 Eastern Europe Talent Management Software Market by Application
11.3.2.6 Poland
11.3.2.6.1 Poland Talent Management Software Market by Solution
11.3.2.6.2 Poland Talent Management Software Market by Deployment
11.3.2.6.3 Poland Talent Management Software Market by Organization Size
11.3.2.6.4 Poland Talent Management Software Market by Application
11.3.2.7 Romania
11.3.2.7.1 Romania Talent Management Software Market by Solution
11.3.2.7.2 Romania Talent Management Software Market by Deployment
11.3.2.7.3 Romania Talent Management Software Market by Organization Size
11.3.2.7.4 Romania Talent Management Software Market by Application
11.3.2.8 Hungary
11.3.2.8.1 Hungary Talent Management Software Market by Solution
11.3.2.8.2 Hungary Talent Management Software Market by Deployment
11.3.2.8.3 Hungary Talent Management Software Market by Organization Size
11.3.2.8.4 Hungary Talent Management Software Market by Application
11.3.2.9 turkey
11.3.2.9.1 Turkey Talent Management Software Market by Solution
11.3.2.9.2 Turkey Talent Management Software Market by Deployment
11.3.2.9.3 Turkey Talent Management Software Market by Organization Size
11.3.2.9.4 Turkey Talent Management Software Market by Application
11.3.2.10 Rest of Eastern Europe
11.3.2.10.1 Rest of Eastern Europe Talent Management Software Market by Solution
11.3.2.10.2 Rest of Eastern Europe Talent Management Software Market by Deployment
11.3.2.10.3 Rest of Eastern Europe Talent Management Software Market by Organization Size
11.3.2.10.4 Rest of Eastern Europe Talent Management Software Market by Application
11.3.3 Western Europe
11.3.3.1 Western Europe Talent Management Software Market by Country
11.3.3.2 Western Europe Talent Management Software Market by Solution
11.3.3.3 Western Europe Talent Management Software Market by Deployment
11.3.3.4 Western Europe Talent Management Software Market by Organization Size
11.3.3.5 Western Europe Talent Management Software Market by Application
11.3.3.6 Germany
11.3.3.6.1 Germany Talent Management Software Market by Solution
11.3.3.6.2 Germany Talent Management Software Market by Deployment
11.3.3.6.3 Germany Talent Management Software Market by Organization Size
11.3.3.6.4 Germany Talent Management Software Market by Application
11.3.3.7 France
11.3.3.7.1 France Talent Management Software Market by Solution
11.3.3.7.2 France Talent Management Software Market by Deployment
11.3.3.7.3 France Talent Management Software Market by Organization Size
11.3.3.7.4 France Talent Management Software Market by Application
11.3.3.8 UK
11.3.3.8.1 UK Talent Management Software Market by Solution
11.3.3.8.2 UK Talent Management Software Market by Deployment
11.3.3.8.3 UK Talent Management Software Market by Organization Size
11.3.3.8.4 UK Talent Management Software Market by Application
11.3.3.9 Italy
11.3.3.9.1 Italy Talent Management Software Market by Solution
11.3.3.9.2 Italy Talent Management Software Market by Deployment
11.3.3.9.3 Italy Talent Management Software Market by Organization Size
11.3.3.9.4 Italy Talent Management Software Market by Application
11.3.3.10 Spain
11.3.3.10.1 Spain Talent Management Software Market by Solution
11.3.3.10.2 Spain Talent Management Software Market by Deployment
11.3.3.10.3 Spain Talent Management Software Market by Organization Size
11.3.3.10.4 Spain Talent Management Software Market by Application
11.3.3.11 Netherlands
11.3.3.11.1 Netherlands Talent Management Software Market by Solution
11.3.3.11.2 Netherlands Talent Management Software Market by Deployment
11.3.3.11.3 Netherlands Talent Management Software Market by Organization Size
11.3.3.11.4 Netherlands Talent Management Software Market by Application
11.3.3.12 Switzerland
11.3.3.12.1 Switzerland Talent Management Software Market by Solution
11.3.3.12.2 Switzerland Talent Management Software Market by Deployment
11.3.3.12.3 Switzerland Talent Management Software Market by Organization Size
11.3.3.12.4 Switzerland Talent Management Software Market by Application
11.3.3.13 Austria
11.3.3.13.1 Austria Talent Management Software Market by Solution
11.3.3.13.2 Austria Talent Management Software Market by Deployment
11.3.3.13.3 Austria Talent Management Software Market by Organization Size
11.3.3.13.4 Austria Talent Management Software Market by Application
11.3.3.14 Rest of Western Europe
11.3.3.14.1 Rest of Western Europe Talent Management Software Market by Solution
11.3.3.14.2 Rest of Western Europe Talent Management Software Market by Deployment
11.3.3.14.3 Rest of Western Europe Talent Management Software Market by Organization Size
11.3.3.14.4 Rest of Western Europe Talent Management Software Market by Application
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Talent Management Software Market by Country
11.4.3 Asia-Pacific Talent Management Software Market by Solution
11.4.4 Asia-Pacific Talent Management Software Market by Deployment
11.4.5 Asia-Pacific Talent Management Software Market by Organization Size
11.4.6 Asia-Pacific Talent Management Software Market by Application
11.4.7 China
11.4.7.1 China Talent Management Software Market by Solution
11.4.7.2 China Talent Management Software Market by Deployment
11.4.7.3 China Talent Management Software Market by Organization Size
11.4.7.4 China Talent Management Software Market by Application
11.4.8 India
11.4.8.1 India Talent Management Software Market by Solution
11.4.8.2 India Talent Management Software Market by Deployment
11.4.8.3 India Talent Management Software Market by Organization Size
11.4.8.4 India Talent Management Software Market by Application
11.4.9 japan
11.4.9.1 Japan Talent Management Software Market by Solution
11.4.9.2 Japan Talent Management Software Market by Deployment
11.4.9.3 Japan Talent Management Software Market by Organization Size
11.4.9.4 Japan Talent Management Software Market by Application
11.4.10 South Korea
11.4.10.1 South Korea Talent Management Software Market by Solution
11.4.10.2 South Korea Talent Management Software Market by Deployment
11.4.10.3 South Korea Talent Management Software Market by Organization Size
11.4.10.4 South Korea Talent Management Software Market by Application
11.4.11 Vietnam
11.4.11.1 Vietnam Talent Management Software Market by Solution
11.4.11.2 Vietnam Talent Management Software Market by Deployment
11.4.11.3 Vietnam Talent Management Software Market by Organization Size
11.4.11.4 Vietnam Talent Management Software Market by Application
11.4.12 Singapore
11.4.12.1 Singapore Talent Management Software Market by Solution
11.4.12.2 Singapore Talent Management Software Market by Deployment
11.4.12.3 Singapore Talent Management Software Market by Organization Size
11.4.12.4 Singapore Talent Management Software Market by Application
11.4.13 Australia
11.4.13.1 Australia Talent Management Software Market by Solution
11.4.13.2 Australia Talent Management Software Market by Deployment
11.4.13.3 Australia Talent Management Software Market by Organization Size
11.4.13.4 Australia Talent Management Software Market by Application
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Talent Management Software Market by Solution
11.4.14.2 Rest of Asia-Pacific Talent Management Software Market by Deployment
11.4.14.3 Rest of Asia-Pacific Talent Management Software Market by Organization Size
11.4.14.4 Rest of Asia-Pacific Talent Management Software Market by Application
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Talent Management Software Market by Country
11.5.2.2 Middle East Talent Management Software Market by Solution
11.5.2.3 Middle East Talent Management Software Market by Deployment
11.5.2.4 Middle East Talent Management Software Market by Organization Size
11.5.2.5 Middle East Talent Management Software Market by Application
11.5.2.6 UAE
11.5.2.6.1 UAE Talent Management Software Market by Solution
11.5.2.6.2 UAE Talent Management Software Market by Deployment
11.5.2.6.3 UAE Talent Management Software Market by Organization Size
11.5.2.6.4 UAE Talent Management Software Market by Application
11.5.2.7 Egypt
11.5.2.7.1 Egypt Talent Management Software Market by Solution
11.5.2.7.2 Egypt Talent Management Software Market by Deployment
11.5.2.7.3 Egypt Talent Management Software Market by Organization Size
11.5.2.7.4 Egypt Talent Management Software Market by Application
11.5.2.8 Saudi Arabia
11.5.2.8.1 Saudi Arabia Talent Management Software Market by Solution
11.5.2.8.2 Saudi Arabia Talent Management Software Market by Deployment
11.5.2.8.3 Saudi Arabia Talent Management Software Market by Organization Size
11.5.2.8.4 Saudi Arabia Talent Management Software Market by Application
11.5.2.9 Qatar
11.5.2.9.1 Qatar Talent Management Software Market by Solution
11.5.2.9.2 Qatar Talent Management Software Market by Deployment
11.5.2.9.3 Qatar Talent Management Software Market by Organization Size
11.5.2.9.4 Qatar Talent Management Software Market by Application
11.5.2.10 Rest of Middle East
11.5.2.10.1 Rest of Middle East Talent Management Software Market by Solution
11.5.2.10.2 Rest of Middle East Talent Management Software Market by Deployment
11.5.2.10.3 Rest of Middle East Talent Management Software Market by Organization Size
11.5.2.10.4 Rest of Middle East Talent Management Software Market by Application
11.5.3 Africa
11.5.3.1 Africa Talent Management Software Market by Country
11.5.3.2 Africa Talent Management Software Market by Solution
11.5.3.3 Africa Talent Management Software Market by Deployment
11.5.3.4 Africa Talent Management Software Market by Organization Size
11.5.3.5 Africa Talent Management Software Market by Application
11.5.3.6 Nigeria
11.5.3.6.1 Nigeria Talent Management Software Market by Solution
11.5.3.6.2 Nigeria Talent Management Software Market by Deployment
11.5.3.6.3 Nigeria Talent Management Software Market by Organization Size
11.5.3.6.4 Nigeria Talent Management Software Market by Application
11.5.3.7 South Africa
11.5.3.7.1 South Africa Talent Management Software Market by Solution
11.5.3.7.2 South Africa Talent Management Software Market by Deployment
11.5.3.7.3 South Africa Talent Management Software Market by Organization Size
11.5.3.7.4 South Africa Talent Management Software Market by Application
11.5.3.8 Rest of Africa
11.5.3.8.1 Rest of Africa Talent Management Software Market by Solution
11.5.3.8.2 Rest of Africa Talent Management Software Market by Deployment
11.5.3.8.3 Rest of Africa Talent Management Software Market by Organization Size
11.5.3.8.4 Rest of Africa Talent Management Software Market by Application
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Talent Management Software Market by Country
11.6.3 Latin America Talent Management Software Market by Solution
11.6.4 Latin America Talent Management Software Market by Deployment
11.6.5 Latin America Talent Management Software Market by Organization Size
11.6.6 Latin America Talent Management Software Market by Application
11.6.7 brazil
11.6.7.1 Brazil Talent Management Software Market by Solution
11.6.7.2 Brazil Talent Management Software Market by Deployment
11.6.7.3 Brazil Talent Management Software Market by Organization Size
11.6.7.4 Brazil Talent Management Software Market by Application
11.6.8 Argentina
11.6.8.1 Argentina Talent Management Software Market by Solution
11.6.8.2 Argentina Talent Management Software Market by Deployment
11.6.8.3 Argentina Talent Management Software Market by Organization Size
11.6.8.4 Argentina Talent Management Software Market by Application
11.6.9 Colombia
11.6.9.1 Colombia Talent Management Software Market by Solution
11.6.9.2 Colombia Talent Management Software Market by Deployment
11.6.9.3 Colombia Talent Management Software Market by Organization Size
11.6.9.4 Colombia Talent Management Software Market by Application
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Talent Management Software Market by Solution
11.6.10.2 Rest of Latin America Talent Management Software Market by Deployment
11.6.10.3 Rest of Latin America Talent Management Software Market by Organization Size
11.6.10.4 Rest of Latin America Talent Management Software Market by Application
12. Company Profiles
12.1 Workday, Inc.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 IBM Corp.
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 15Five
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 Oracle Corp.
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 Cornerstone OnDemand
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 SAP SE
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 Peoplefluent
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 Haufe Group
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 Lumesse AS
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 DelTek Inc
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
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By Solution
Employee Lifecycle Management
Recruiting Management
Learning and Training Management
Compensation Management
Performance Management
By Deployment
Cloud
On-Premise
By Organization Size
Small and Medium Enterprises
Large Enterprises
By Application
Introduction
IT and Telecommunication
BFSI
Government
Healthcare
Education
Manufacturing
Others
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Regional Coverage:
Regional Coverage
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
The Composite AI Market size was valued at USD 0.95 Billion in 2023 and is expected to grow to USD 15.59 billion by 2032 and grow at a CAGR of 36.46% over the forecast period of 2024-2032.
Project Management Software Market was worth USD 7.29 billion in 2023 and is predicted to be worth USD 27.29 billion by 2032, growing at a CAGR of 15.8% between 2024 and 2032.
The Hybrid Model GCC Market Size was valued at USD 38.6 Billion in 2023 and is expected to reach USD 227.0 Billion by 2032 at a CAGR of 19.92% by 2024-2032.
The Game-Based Learning Market size was valued at USD 18.25 billion in 2023 and is expected to reach USD 97.62 billion by 2032, growing at a CAGR of 20.53% Over the Forecast Period of 2024-2032.
Text-to-Video AI Market Size was valued at USD 144 Million in 2023 and is expected to reach USD 2199.2 Million by 2032, growing at a CAGR of 35.4 % over the forecast period 2024-2032.
The Passenger Information System Market Size was USD 29.5 Billion in 2023 and will reach USD 90.8 Billion by 2032 and grow at a CAGR of 12.12% by 2024-2032.
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