Pune, India, November 29, 2018 -- /360iResearch/ -- The report "Global Talent Management Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 8.41 billion in 2017 and is projected to reach USD 18.91 billion by 2024, growing at a CAGR of 12.27% from 2017 to 2024.
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The major forces driving the growth of the talent management market include the better professional development decisions and improved onboarding experience. Moreover, high performing workforce and commitment to align business strategy are also some of the factors that are driving the market growth. However lack of awareness, and budget constraints may hinder the market growth. In the middle of difficulty lies opportunity such as the unified integrated system for performance assessments, and need for big data analytics and cloud-based talent management system. The possible challenges for the market growth are a holistic talent management approach with involvement of top management, and lack of skilled talent. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on function, the global talent management market is studied across Compensation Management, Learning Management, Performance Management, Talent Acquisition, and Workforce Planning. Based on industry, the global talent management market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on deployment, the global talent management market is studied across On-Cloud, and On-Premises. Based on geography, the global talent management market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the talent management market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Avature, Cornerstone OnDemand, Crelate Talent, Halogen Software, International Business Machines Corporation, Lumesse, Oracle Corporation, PeopleFluent, Inc., SAP SE, Saba Software, SkillSoft Corporation, TalentSoft SA, and The Ultimate Software Group, Inc..
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