India Talent Management Software Market Forecast to 2020 - Expanding Service Sector and Training Programs to Drive Future Growth” provides a comprehensive analysis of the talent management software market in India. The report covers various aspects such as overall size of India talent management software market, segmentation on the basis of demand from major sectors, types of services, Deployment mode, types of solutions, end user, industry, organizational size, major cities, demand from small medium and large organizations, and demand from MNCs and domestic organizations. The report also covers decision making procedure by government sector, manufacturing companies and service oriented companies and pricing analysis in the industry. Additionally, the report offers prevalent trends, developments and challenges in industry, SWOT analysis of the current market. The report also covers the competitive landscape of the industry, market share of major players, and comprehensive profile of leading and emerging players operating in the market. Major macroeconomic indicators affecting the market have also been highlighted in the report. The report is useful for talent management software companies, Human resources software companies proving both cloud and on premises services to the clients and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Talent Management Software (TMS) Market
The market for talent management software had witnessed a robust growth in terms of revenues in past few years. Talent Management software is a very niche market in India. The market is highly competitive with the presence of number of small, mid size and large players. The improvement in the economic conditions, government support for doing business has led to significant FDI inflows in the country, which had attracted many companies to open their offices and start operations in India. Factors such as the expansion of business network, rising number of employees in the organization, increasing number of departments have given rise to the talent management software industry in India. The talent management software market had increased from USD ~ Million in 2010 to USD ~ Million in 2015, growing at a CAGR of ~% during the period. The increase in challenges faced by the companies in developing leaders, locating and hiring top technical skill set individual, diagnosing and improving organizational culture and others have also the accelerated the market of talent management software in India.
The rise in concern about the employee engagement in the organization had also positively impacted the market of talent management software in India. The Talent Management software market encompasses of five major segments on the basis of solutions. These segments are Recruitment, Talent Strategy & Planning, Performance Management, Learning & Development and Compensation management. Recruitment had contributed majorly with the share of ~% in the overall revenues of talent management software in 2015. The second largest contributor is the performance management with the market share of ~% in the revenues of overall talent management software.
It has been witnessed over the past few years that the client companies are shifting their focus from “on premises” mode of deployment to “on cloud” mode of deployments.
BFSI is the major sector contributing to the revenues of Talent management market in India in 2015. BFSI had contributed the share of ~% in 2015 in overall revenues of the TMS market in the country. The rise in number of employees in the BFSI sectors had made it compulsory for the HR to work on the talent management software, as it had become difficult for them to manage the entire workforce manually. The second largest contributor is the E-commerce sector with the share of ~% in 2015. Rising number of companies in the e-commerce industry had driven the market. The third largest sector is health care followed by IT & telecom, Manufacturing, retail, education and others.
The market is dominated by few large multinationals. These companies are offering wide variety of products and excellent services to the customers. Oracle is the leading player with the market share of ~% in terms of revenues of talent management software market in 2015. SAP India is the second largest contributor in the country followed by IBM, Corner stone and others.
The rising demand for real time based solutions by the companies will drive the future market. Expanding service sector, increase in number of MNCs in the country, rising attrition rate, increase in demand of E-learning platforms will majorly attribute for the growth of talent management software industry in India in coming future. It has been anticipated that the market will grow at a CAGR of ~% during 2016 to 2020 to reach at USD ~ Million in 2020.
Key Topics Covered in the Report:
• India Talent Management Software Market Introduction and Size
• India Talent Management Software Market Segmentation (By types of solutions, By deployment mode, By cities, by MNCs and Domestic Companies, by organizational size, By verticals, by end user)
• Customer Needs for Talent Management Software In India (for government sector, Product manufacturing companies, Service oriented companies)
• Growth Drivers and Challenges in India Talent Management Software Market
• Issues and Challenges in India Talent Management Software Market
• Decision Making Procedure In India Talent Management Software Market
• Market Share of Major Players in India Talent Management Software Market
• Company Profile of Leading and Emerging Players in India Talent Management Software Market
• SWOT Analysis of India Talent Management Software Market
• India Talent Management Software Market Future Outlook and Projections
• Analyst Recommendation
• Macro Economic Variables Impacting the India Talent Management Software Market
Source:https://www.kenresearch.com/education-and-recruitment/recruitment/india-hr-software-market-report/41314-99.html
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