North America Talent Management Software Market By Product Type, By Application And Geographic: Analysis, Size, Growth, Trends, And Forecast, 2024-2028

Market Size

The North America Talent Management Software (TMS) market is a substantial segment of the broader human resources technology sector. The growth is driven by the increasing adoption of digital HR solutions, the need for efficient talent management processes, and the shift towards remote and hybrid work environments.

Market Report Highlights

Component	Software Services
Deployment Mode	Cloud-based On-premises
Regional Landscape	United States Canada
Key Companies Profiled	Oracle Corporation SAP SE Workday, Inc. Cornerstone OnDemand, Inc.

Market Report Insights

• Consumer Preferences: Increasing demand for integrated HR solutions, preference for cloud-based software, focus on employee engagement and retention.
• Technological Advancements: Incorporation of AI and machine learning for predictive analytics, automation of recruitment and onboarding processes.
• Regulatory Environment: Compliance with data protection regulations like GDPR and CCPA, ensuring data security and privacy.
• Sustainability: Adoption of sustainable practices in talent management, promoting diversity and inclusion initiatives.

Market Segmentation

• By Component:

  • Software
  • Services (Implementation, Training & Support, Consulting)

• By Deployment Mode:

  • Cloud-based
  • On-premises

• By Organization Size:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

• By Application:

  • Recruitment and Onboarding
  • Learning and Development
  • Performance Management
  • Compensation Management
  • Succession Planning

• By End User:

  • IT and Telecom
  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • Retail
  • Manufacturing
  • Education
  • Others (Government, Hospitality)

Regional Analysis

• United States: Largest market share within North America, driven by the presence of major tech hubs, high adoption of advanced HR technologies, and a large number of enterprises.
• Canada: Significant growth due to increasing digital transformation efforts, supportive government policies, and a growing emphasis on employee experience and engagement.

Competitive Landscape

The North America TMS market is highly competitive, with key players focusing on product innovation and strategic partnerships. Major companies include:

• Oracle Corporation: Offers a comprehensive suite of HR solutions, including Oracle HCM Cloud.
• SAP SE: Provides SAP SuccessFactors, a leading cloud-based talent management suite.
• Workday, Inc.: Known for its unified finance and HR platform, including advanced talent management features.
• Cornerstone OnDemand, Inc.: Specializes in learning and talent management software.
• ADP, LLC: Offers a wide range of HR solutions, including talent management and payroll services.

Market Dynamics

• Drivers:

  • Growing adoption of cloud-based HR solutions.
  • Increasing need for efficient talent management amid remote work trends.
  • Rising focus on employee engagement and retention strategies.
  • Technological advancements in AI and machine learning.

• Restraints:

  • High implementation costs for advanced TMS solutions.
  • Data security and privacy concerns.
  • Resistance to change from traditional HR practices.

• Opportunities:

  • Expansion into small and medium-sized enterprises (SMEs).
  • Development of AI-driven predictive analytics and automation features.
  • Growing emphasis on diversity and inclusion in the workplace.

• Challenges:

  • Ensuring compliance with stringent data protection regulations.
  • Addressing the skills gap in adopting and managing advanced TMS solutions.
  • Maintaining system integration and compatibility with existing HR infrastructure.

FAQ

1: What is driving the growth of the talent management software market in North America?

The growth is driven by increasing digital transformation in HR, the demand for efficient talent management processes, and the shift towards remote and hybrid work environments.

2: Who are the key players in the North America TMS market?

Key players include Oracle Corporation, SAP SE, Workday, Inc., Cornerstone OnDemand, Inc., and ADP, LLC.

3: What are the emerging trends in the North America TMS market?

Emerging trends include the integration of AI and machine learning, mobile talent management solutions, and employee experience platforms.

4: How is the North America TMS market segmented?

The market is segmented by component (software, services), deployment mode (cloud-based, on-premises), organization size (SMEs, large enterprises), application (recruitment and onboarding, learning and development, performance management, compensation management, succession planning), and end user (IT and telecom, BFSI, healthcare, retail, manufacturing, education, others).

5: Which region has the largest share in the North America TMS market?

The United States holds the largest market share due to the presence of major tech hubs, high adoption of advanced HR technologies, and a large number of enterprises.

6: What are the challenges faced by the North America TMS market?

Challenges include high implementation costs, data security and privacy concerns, resistance to change from traditional HR practices, and ensuring compliance with data protection regulations.

7: What opportunities exist in the North America TMS market?

Opportunities include expanding into SMEs, developing AI-driven predictive analytics and automation features, and emphasizing diversity and inclusion in the workplace.

Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  • Exhibit 13: Market segments

• 3.3 Market size 2023

• 3.4 Market outlook: Forecast for 2023-2028
  • Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
  • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

• 4.1 Dietary supplements market in North America 2018 - 2022
  • Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2018 - 2022
  • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

• 4.3 Product Segment Analysis 2018 - 2022
  • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

• 4.4 Geography Segment Analysis 2018 - 2022
  • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028

• 5.2 Bargaining power of buyers
  • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

• 5.3 Bargaining power of suppliers
  • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

• 5.4 Threat of new entrants
  • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028

• 5.5 Threat of substitutes
  • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028

• 5.6 Threat of rivalry
  • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028

• 5.7 Market condition
  • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
  • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
  • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)

• 6.2 Comparison by Distribution Channel
  • Exhibit 31: Chart on Comparison by Distribution Channel
  • Exhibit 32: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2023-2028
  • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)

• 6.4 Online - Market size and forecast 2023-2028
  • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
  • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)

• 6.5 Market opportunity by Distribution Channel
  • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
  • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
  • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
  • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)

• 7.2 Comparison by Product
  • Exhibit 45: Chart on Comparison by Product
  • Exhibit 46: Data Table on Comparison by Product

• 7.7 Others - Market size and forecast 2023-2028
  • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
  • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)

• 7.8 Market opportunity by Product
  • Exhibit 67: Market opportunity by Product ($ billion)
  • Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
  • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
  • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)

• 9.2 Geographic comparison
  • Exhibit 72: Chart on Geographic comparison
  • Exhibit 73: Data Table on Geographic comparison

• 9.6 Market opportunity by geography
  • Exhibit 74: Market opportunity by geography ($ billion)
  • Exhibit 75: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  • Exhibit 76: Impact of drivers and challenges in 2023 and 2028

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 77: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 78: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 79: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 80: Vendors covered

• 12.2 Market positioning of vendors
  • Exhibit 81: Matrix on vendor position and classification

• 13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  • Exhibit 82: Inclusions checklist
  • Exhibit 83: Exclusions checklist

• 13.3 Currency conversion rates for US$
  • Exhibit 84: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 85: Research methodology
  • Exhibit 86: Validation techniques employed for market sizing
  • Exhibit 87: Information sources

• 13.5 List of abbreviations
  • Exhibit 88: List of abbreviations