TechNavio recognizes the following companies as the key players in Global Talent Management Software Market: IBM Corp., Oracle Corp., SAP AG, and SumTotal Systems Inc.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the high adoption of cloud computing technology by enterprises has been one of the emerging trends in the Global Talent Management Software market. Cloud-based talent management software acts as an infrastructure design with a higher potential than traditional talent management deployment methods. Thus, organizations can use their private cloud for supporting their HR analytics. The budget constraints for IT, insufficient time to build in-house software, and cost advantages attached to hosted or on-demand software subscriptions are the primary factors responsible for the increased adoption of cloud-based talent management solutions by enterprises. In addition, cloud services do not have overhead costs of space, power, and cooling that are generally incurred with the deployment of traditional in-house talent management solutions. Hence, the growing popularity of cloud computing technology is a recent trend that is expected to auger well for the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the need to streamline HR functions. Talent management software helps to streamline HR activities and improve the operational efficiency of an organization. Management tools have been gaining prominence in organizations; moreover, talent management applications provide the right kind of solutions to the growing administrative concerns of a company’s HR division.
Further, the report states that the difficulty in selecting the right vendor is one of the major challenges confronting this market. The evaluation and selection of talent management software is a time-consuming process because of its complexity. Organizations have to ensure that the talent management software is able to link directly to their existing HR software applications and share uninterrupted data.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-talent-management-software-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report – Global Talent Management Software Market 2014-2018
