The North America Talent Management Software Market would witness market growth of 10.6% CAGR during the forecast period (2023-2030).
The arrival of mobile technology has significantly altered the technological landscape modification for talent management software. Dynamic human resource strategies and the ongoing adoption of innovative technologies are helping the market gain substantial traction. The market has expanded due to rising organizational demand for performance management and hiring process automation. Major players in the market are concentrating on software improvements to expand their market.
For instance, Oracle Corporation announced Oracle Analytics, a cloud based HCM platform, in May 2020 to improve company performance and the ability of HR teams to make decisions. Organizations are pressured to use the massive volumes of data they produce due to digitalization to gain a competitive advantage. Agencies utilize cloud-based solutions more frequently to transform vast amounts of data into relevant insights. Talent management has proved to be an essential competitive advantage for significant players. Due to the flexible payment and plan alternatives, organizations are also switching to cloud-based software.
Reducing attrition is anticipated to increase the market growth. Turnover metrics are essential because talent management indicates a wide range of problems with the personnel management process. It can cost one-half to two times the employee's annual salary to replace a single employee. Talent management systems aid in gathering and making it simple to track and analyze data that will point to causes of attrition by allowing users to view, for instance, turnover by the manager, demographic patterns, and more.
Large enterprises' greater use of cloud infrastructure, as well as improvements in labor productivity and efficiency brought on by HRM solutions for payroll management, time management, and talent management. Digital solutions and technology have been aggressively financed by developed nations in the region, including the U.S. and Canada for efficient commercial operations. Furthermore, this region places a stronger emphasis on productivity, benefits, compensation, and performance across a variety of industries. These factors together are expected to boost the growth of the market in the region.
The US market dominated the North America Talent Management Software Market by Country in 2022; thereby, achieving a market value of $4,815.8 million by 2030. The Canada market is estimated to witness a CAGR of 13.1% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 12.1% during (2023 - 2030).
Based on Solution, the market is segmented into Employee Lifecycle Management, Talent Acquisition, Performance Management, Learning & Training Management and Compensation Management. Based on Deployment, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into IT & Telecom, BFSI, Government, Healthcare, Retail, Education and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Talent Management Software Market is Projected to reach USD 19.4 Billion by 2030, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders 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.
Scope of the Study
Market Segments Covered in the Report:
By Solution
- Employee Lifecycle Management
- Talent Acquisition
- Performance Management
- Learning & Training Management
- Compensation Management
By Deployment
By Application
- IT & Telecom
- BFSI
- Government
- Healthcare
- Retail
- Education
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cornerstone OnDemand, Inc.
- Workday, Inc
- Trakstar
- Cegid
- Bamboo HR LLC.
- Oracle Corporation
- SAP SE
- IBM Corporation
- The Sage Group plc
- 15Five, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Talent Management Software Market, by Solution
1.4.2 North America Talent Management Software Market, by Deployment
1.4.3 North America Talent Management Software Market, by Application
1.4.4 North America Talent Management Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Acquisition and Mergers: 2019, Dec – 2023, Jun) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Talent Management Software Market by Solution
5.1 North America Employee Lifecycle Management Market by Country
5.2 North America Talent Acquisition Market by Country
5.3 North America Performance Management Market by Country
5.4 North America Learning & Training Management Market by Country
5.5 North America Compensation Management Market by Country
Chapter 6. North America Talent Management Software Market by Deployment
6.1 North America On-premise Market by Country
6.2 North America Cloud Market by Country
Chapter 7. North America Talent Management Software Market by Application
7.1 North America IT & Telecom Market by Country
7.2 North America BFSI Market by Country
7.3 North America Government Market by Country
7.4 North America Healthcare Market by Country
7.5 North America Retail Market by Country
7.6 North America Education Market by Country
7.7 North America Others Market by Country
Chapter 8. North America Talent Management Software Market by Country
8.1 US Talent Management Software Market
8.1.1 US Talent Management Software Market by Solution
8.1.2 US Talent Management Software Market by Deployment
8.1.3 US Talent Management Software Market by Application
8.2 Canada Talent Management Software Market
8.2.1 Canada Talent Management Software Market by Solution
8.2.2 Canada Talent Management Software Market by Deployment
8.2.3 Canada Talent Management Software Market by Application
8.3 Mexico Talent Management Software Market
8.3.1 Mexico Talent Management Software Market by Solution
8.3.2 Mexico Talent Management Software Market by Deployment
8.3.3 Mexico Talent Management Software Market by Application
8.4 Rest of North America Talent Management Software Market
8.4.1 Rest of North America Talent Management Software Market by Solution
8.4.2 Rest of North America Talent Management Software Market by Deployment
8.4.3 Rest of North America Talent Management Software Market by Application
Chapter 9. Company Profiles
9.1 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Product Launches and Product Expansions:
9.1.2.2 Acquisition and Mergers:
9.1.3 SWOT Analysis
9.2 Workday, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.2.5 SWOT Analysis
9.3 Trakstar
9.3.1 Company Overview
9.3.2 SWOT Analysis
9.4 Cegid
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Acquisition and Mergers:
9.4.3 SWOT Analysis
9.5 Bamboo HR LLC
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.3 SWOT Analysis
9.6 Oracle Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 SAP SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 IBM Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 The Sage Group plc
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. 15Five, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
9.10.2.2 Acquisition and Mergers:
9.10.3 SWOT Analysis
TABLE 1 North America Talent Management Software Market, 2019 - 2022, USD Million
TABLE 2 North America Talent Management Software Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Talent Management Software Market
TABLE 4 Product Launches And Product Expansions– Talent Management Software Market
TABLE 5 Acquisition and Mergers– Talent Management Software Market
TABLE 6 North America Talent Management Software Market by Solution, 2019 - 2022, USD Million
TABLE 7 North America Talent Management Software Market by Solution, 2023 - 2030, USD Million
TABLE 8 North America Employee Lifecycle Management Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Employee Lifecycle Management Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Talent Acquisition Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Talent Acquisition Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Performance Management Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Performance Management Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Learning & Training Management Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Learning & Training Management Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Compensation Management Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Compensation Management Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Talent Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 19 North America Talent Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 20 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 21 North America On-premise Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Cloud Market by Country, 2023 - 2030, USD Million
TABLE 24 North America Talent Management Software Market by Application, 2019 - 2022, USD Million
TABLE 25 North America Talent Management Software Market by Application, 2023 - 2030, USD Million
TABLE 26 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 27 North America IT & Telecom Market by Country, 2023 - 2030, USD Million
TABLE 28 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 29 North America BFSI Market by Country, 2023 - 2030, USD Million
TABLE 30 North America Government Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Government Market by Country, 2023 - 2030, USD Million
TABLE 32 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 33 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 34 North America Retail Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Retail Market by Country, 2023 - 2030, USD Million
TABLE 36 North America Education Market by Country, 2019 - 2022, USD Million
TABLE 37 North America Education Market by Country, 2023 - 2030, USD Million
TABLE 38 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 39 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 40 North America Talent Management Software Market by Country, 2019 - 2022, USD Million
TABLE 41 North America Talent Management Software Market by Country, 2023 - 2030, USD Million
TABLE 42 US Talent Management Software Market, 2019 - 2022, USD Million
TABLE 43 US Talent Management Software Market, 2023 - 2030, USD Million
TABLE 44 US Talent Management Software Market by Solution, 2019 - 2022, USD Million
TABLE 45 US Talent Management Software Market by Solution, 2023 - 2030, USD Million
TABLE 46 US Talent Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 47 US Talent Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 48 US Talent Management Software Market by Application, 2019 - 2022, USD Million
TABLE 49 US Talent Management Software Market by Application, 2023 - 2030, USD Million
TABLE 50 Canada Talent Management Software Market, 2019 - 2022, USD Million
TABLE 51 Canada Talent Management Software Market, 2023 - 2030, USD Million
TABLE 52 Canada Talent Management Software Market by Solution, 2019 - 2022, USD Million
TABLE 53 Canada Talent Management Software Market by Solution, 2023 - 2030, USD Million
TABLE 54 Canada Talent Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 55 Canada Talent Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 56 Canada Talent Management Software Market by Application, 2019 - 2022, USD Million
TABLE 57 Canada Talent Management Software Market by Application, 2023 - 2030, USD Million
TABLE 58 Mexico Talent Management Software Market, 2019 - 2022, USD Million
TABLE 59 Mexico Talent Management Software Market, 2023 - 2030, USD Million
TABLE 60 Mexico Talent Management Software Market by Solution, 2019 - 2022, USD Million
TABLE 61 Mexico Talent Management Software Market by Solution, 2023 - 2030, USD Million
TABLE 62 Mexico Talent Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 63 Mexico Talent Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 64 Mexico Talent Management Software Market by Application, 2019 - 2022, USD Million
TABLE 65 Mexico Talent Management Software Market by Application, 2023 - 2030, USD Million
TABLE 66 Rest of North America Talent Management Software Market, 2019 - 2022, USD Million
TABLE 67 Rest of North America Talent Management Software Market, 2023 - 2030, USD Million
TABLE 68 Rest of North America Talent Management Software Market by Solution, 2019 - 2022, USD Million
TABLE 69 Rest of North America Talent Management Software Market by Solution, 2023 - 2030, USD Million
TABLE 70 Rest of North America Talent Management Software Market by Deployment, 2019 - 2022, USD Million
TABLE 71 Rest of North America Talent Management Software Market by Deployment, 2023 - 2030, USD Million
TABLE 72 Rest of North America Talent Management Software Market by Application, 2019 - 2022, USD Million
TABLE 73 Rest of North America Talent Management Software Market by Application, 2023 - 2030, USD Million
TABLE 74 Key information – Cornerstone OnDemand, Inc.
TABLE 75 Key Information – Workday, Inc.
TABLE 76 Key Information – Trakstar
TABLE 77 Key Information – Cegid
TABLE 78 Key Information – Bamboo HR LLC
TABLE 79 Key Information – Oracle Corporation
TABLE 80 Key Information – SAP SE
TABLE 81 Key Information – IBM Corporation
TABLE 82 Key Information – The Sage Group plc
TABLE 83 Key Information – 15Five, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Talent Management Software Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Talent Management Software Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Acquisition and Mergers: 2019, Dec – 2023, Jun) Leading Players
FIG 8 Porter’s Five Forces Analysis – Talent Management Software Market
FIG 9 North America Talent Management Software Market share by Solution, 2022
FIG 10 North America Talent Management Software Market share by Solution, 2030
FIG 11 North America Talent Management Software Market by Solution, 2019 - 2030, USD Million
FIG 12 North America Talent Management Software Market share by Deployment, 2022
FIG 13 North America Talent Management Software Market share by Deployment, 2030
FIG 14 North America Talent Management Software Market by Deployment, 2019 - 2030, USD Million
FIG 15 North America Talent Management Software Market share by Application, 2022
FIG 16 North America Talent Management Software Market share by Application, 2030
FIG 17 North America Talent Management Software Market by Application, 2019 - 2030, USD Million
FIG 18 North America Talent Management Software Market share by Country, 2022
FIG 19 North America Talent Management Software Market share by Country, 2030
FIG 20 North America Talent Management Software Market by Country, 2019 - 2030, USD Million
FIG 21 Recent strategies and developments: Cornerstone OnDemand, Inc.
FIG 22 SWOT Analysis: Cornerstone OnDemand, Inc.
FIG 23 Recent strategies and developments: Workday, Inc.
FIG 24 SWOT Analysis: Workday, Inc.
FIG 25 SWOT Analysis: Trakstar
FIG 26 SWOT Analysis: Cegid
FIG 27 SWOT Analysis: Bamboo HR LLC.
FIG 28 SWOT Analysis: Oracle Corporation
FIG 29 SWOT Analysis: SAP SE
FIG 30 Swot Analysis: IBM Corporation
FIG 31 SWOT Analysis: The Sage Group PLC
FIG 32 SWOT Analysis: 15Five, Inc.