Global Talent Management Software (TMS) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology Solution;

Workforce planning, Learning Management, Compensation Management, Talent Acquisition, and Performance Management.

By Services;

Professional Services, Training & Education, and Support & Maintenance.

By Deployment Mode;

On-Premises and On-Demand/Cloud.

By Organization Size;

Small & Medium Businesses (SMBS) and Large Businesses.

By Vertical;

Banking, Financial Services, & Insurance (BFSI), Healthcare, IT & Telecom, Retail, Manufacturing, Education, Government, Media & Entertainment, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn141349453 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Talent Management Software (TMS) Market (USD Million), 2021 - 2031

In the year 2024, the Global Talent Management Software (TMS) Market was valued at USD 10,022.46 million. The size of this market is expected to increase to USD 22,434.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.2%.

The Global Talent Management Software (TMS) Market represents a cornerstone of modern HR practices, offering comprehensive solutions to streamline talent acquisition, development, and retention processes across organizations worldwide. As businesses recognize the strategic importance of their human capital in driving success, the demand for sophisticated talent management solutions continues to rise. TMS encompasses a suite of software tools designed to facilitate various HR functions, including recruitment, performance management, learning and development, succession planning, and employee engagement. By leveraging TMS, organizations can optimize their talent strategies, improve workforce productivity, and align talent management initiatives with broader business objectives.

At the heart of the Global Talent Management Software Market lies the imperative to attract, nurture, and retain top talent in an increasingly competitive labor market. TMS platforms enable organizations to automate and standardize key talent management processes, reducing administrative burdens and enabling HR professionals to focus on strategic initiatives. From sourcing and selecting candidates to providing ongoing training and development opportunities, TMS streamlines the entire employee lifecycle, fostering a positive employee experience and driving higher levels of engagement and satisfaction. TMS provides valuable analytics and reporting capabilities, allowing organizations to track key metrics, identify trends, and make data-driven decisions to optimize their talent management strategies.

The adoption of Talent Management Software is driven by the need for organizations to adapt to rapidly changing business environments, emerging workforce trends, and evolving employee expectations. With globalization, digitalization, and demographic shifts reshaping the workplace, organizations must leverage TMS to stay agile, competitive, and responsive to market demands. By investing in TMS solutions tailored to their specific needs and objectives, organizations can gain a competitive edge in attracting, developing, and retaining top talent, driving innovation, and achieving sustainable growth in today's dynamic business landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology Solution
    2. Market Snapshot, By Services
    3. Market Snapshot, By Deployment Mode
    4. Market Snapshot, By Organization Size
    5. Market Snapshot, By Vertical
    6. Market Snapshot, By Region
  4. Global Talent Management Software (TMS) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Efficiency Enhancement
        2. Talent Acquisition
        3. Performance Optimization
      2. Restraints
        1. Integration Challenges
        2. Implementation Complexity
        3. Cost Concerns
      3. Opportunities
        1. Talent Analytics
        2. Learning Management
        3. Succession Planning
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Talent Management Software (TMS) Market, By Technology Solution, 2021 - 2031 (USD Million)
      1. Workforce planning
      2. Learning Management
      3. Compensation Management
      4. Talent Acquisition
      5. Performance Management
    2. Global Talent Management Software (TMS) Market, By Services, 2021 - 2031 (USD Million)
      1. Professional Services
      2. Training and Education
      3. Support and Maintenance
    3. Global Talent Management Software (TMS) Market, By Deployment Mode, 2021 - 2031 (USD Million)
      1. On-Premises
      2. On-Demand/Cloud
    4. Global Talent Management Software (TMS) Market, By Organization Size, 2021 - 2031 (USD Million)
      1. Small And Medium Businesses (SMBS)
      2. Large Businesses
    5. Global Talent Management Software (TMS) Market, By Vertical, 2021 - 2031 (USD Million)
      1. Banking, Financial Services, and Insurance (BFSI)
      2. Healthcare
      3. IT & Telecom
      4. Retail
      5. Manufacturing
      6. Education
      7. Government
      8. Media & Entertainment
      9. Others
    6. Global Talent Management Software (TMS) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Halogen
      2. Oracle
      3. Cornerstone Ondemand
      4. Saba
      5. SAP Successfactors
      6. Peoplefluent
      7. IBM
      8. Talentsoft
      9. Skillsoft
      10. Lumesse
  7. Analyst Views
  8. Future Outlook of the Market