Market Overview:
The global talent intelligence software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for talent intelligence software from large enterprises and SMEs across different regions. Additionally, the growing trend of cloud-based deployment is also contributing to the growth of this market. However, lack of awareness about talent intelligence software among end users is restraining the growth of this market. On the basis of type, the global talent intelligence software market can be segmented into cloud-based and on-premise deployments. The cloud-based deployment segment is expected to grow at a higher CAGR than that for on-premise deployments during the forecast period from 2018 to 2030 owing to its advantages such as low cost and easy installation/deployment. Based on application, the global talent intelligence software market can be divided into large enterprises and SMEs segments. The large enterprises segment is expected to account for a larger share in terms of revenue in this market than SMEs during 2018–2030 owingto their need for advanced HR analytics solutions that help them make better strategic decisions related totalent management.
Product Definition:
Talent Intelligence software is a tool that enables organizations to collect and analyze data related to employee talent. This data can include information on skills, experience, qualifications, and performance. Talent intelligence software allows businesses to identify patterns in the data that can help them make better decisions about their workforce. For example, a business might use talent intelligence software to determine which employees are most likely to leave the company or which employees have the potential for promotion.
Cloud-based:
Cloud-based software is a type of Software as a Service (SaaS) that provides an end-user with the capability to run and perform applications without any physical presence. The cloud based software solutions are gaining popularity among enterprises owing to its cost effectiveness, ease of use, flexibility, and rapid deployment capabilities. Moreover, it helps in improving operational efficiency by reducing maintenance costs along with providing easy access to data from remote locations.
On-premise:
On-premise software is a type of cloud computing software that is installed and used on the end-users premises. The end user or company signs an agreement with the service provider to use their software. On-premise solutions are more secure than other types as data cannot be misused or stolen as it's stored internally within the company network. However, there are some disadvantages such as high cost of installation and maintenance which can hamper its growth in future.
Application Insights:
The large enterprises segment dominated the global talent intelligence software market in 2017. This is attributed to the presence of a strong IT industry base in developed economies such as U.K., Germany, and France which offer excellent infrastructure for developing software applications. Furthermore, companies operating in these industries are characterized by their size; they have a pool of employees from different departments who require regular monitoring and evaluation for performance management purposes. These factors contribute towards segment growth on a global level.
The small & medium-sized enterprises (SMEs) application segment is expected to witness significant growth over the forecast period owing to increasing penetration of cloud-based solutions due to cost benefits associated with it along with ease of access from remote locations across the globe that help organizations manage their operations efficiently without having an onsite presence or dedicated staff members responsible for managing day-to-day activities related to employee relations or personnel matters respectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing adoption of innovative technologies across various industries, such as manufacturing, healthcare & life sciences, and IT & telecom among others. Moreover, growing focus on developing new products and services for high-performance computing has led to increased demand for NLI software in this region.
Asia Pacific is anticipated to emerge as a lucrative regional market during the same period owing to increasing investments by governments in developing countries such as China and India along with other emerging economies of Southeast Asia. In addition, rising number of multinational companies expanding their business operations in these regions will drive growth over the next eight years or so.
Growth Factors:
- Increasing demand for talent intelligence software from small and medium businesses (SMBs) due to the growing awareness of the benefits of such software.
- The increasing use of big data and analytics by talent intelligence software vendors to provide more insightful and actionable information to their customers.
- The increasing focus on workforce planning and optimization by organizations as a way to improve organizational efficiency and performance.
- The growing popularity of cloud-based talent intelligence software, which makes it easier for organizations of all sizes to access these tools without having to invest in hardware or infrastructure upgrades.
- The increasing demand for Talent Intelligence Software from emerging markets such as India, China, Brazil, etc., due to the growth in their economies and the corresponding increase in the number of jobs being created
Scope Of The Report
Report Attributes
Report Details
Report Title
Talent Intelligence Software Market Research Report
By Type
Cloud-based, On-premise
By Application
Large Enterprises, SMEs
By Companies
SeekOut, Eightfold.ai, Humantelligence, Fuel50, TurboHire, Ideal, Ascendify, Censia, Emsi, ENGAGE, RippleMatch, 365Talents
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Talent Intelligence Software Market Report Segments:
The global Talent Intelligence Software market is segmented on the basis of:
Types
Cloud-based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SeekOut
- Eightfold.ai
- Humantelligence
- Fuel50
- TurboHire
- Ideal
- Ascendify
- Censia
- Emsi
- ENGAGE
- RippleMatch
- 365Talents
Highlights of The Talent Intelligence Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premise
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Talent Intelligence Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Talent Intelligence Software is a software that helps organizations identify and assess talent. It can help with everything from identifying the best candidates to measuring employee performance.
Some of the major players in the talent intelligence software market are SeekOut, Eightfold.ai, Humantelligence, Fuel50, TurboHire, Ideal, Ascendify, Censia, Emsi, ENGAGE, RippleMatch, 365Talents.
The talent intelligence software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Talent Intelligence Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Talent Intelligence Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Talent Intelligence Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Talent Intelligence Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Talent Intelligence Software Market Size & Forecast, 2018-2028
4.5.1 Talent Intelligence Software Market Size and Y-o-Y Growth
4.5.2 Talent Intelligence Software Market Absolute $ Opportunity
Chapter 5 Global Talent Intelligence Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Talent Intelligence Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Talent Intelligence Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Talent Intelligence Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Talent Intelligence Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Talent Intelligence Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Talent Intelligence Software Analysis and Forecast
9.1 Introduction
9.2 North America Talent Intelligence Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Talent Intelligence Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Talent Intelligence Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Talent Intelligence Software Analysis and Forecast
10.1 Introduction
10.2 Europe Talent Intelligence Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Talent Intelligence Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Talent Intelligence Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Talent Intelligence Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Talent Intelligence Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Talent Intelligence Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Talent Intelligence Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Talent Intelligence Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Talent Intelligence Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Talent Intelligence Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Talent Intelligence Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Talent Intelligence Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Talent Intelligence Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Talent Intelligence Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Talent Intelligence Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Talent Intelligence Software Market: Competitive Dashboard
14.2 Global Talent Intelligence Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SeekOut
14.3.2 Eightfold.ai
14.3.3 Humantelligence
14.3.4 Fuel50
14.3.5 TurboHire
14.3.6 Ideal
14.3.7 Ascendify
14.3.8 Censia
14.3.9 Emsi
14.3.10 ENGAGE
14.3.11 RippleMatch
14.3.12 365Talents
