|By Business Wire||
|February 17, 2014 07:31 AM EST||
Research and Markets (http://www.researchandmarkets.com/research/x8hxgv/global_talent) has announced the addition of the "Global Talent Management Software Market 2014-2018" report to their offering.
The Global Talent Management Software market to grow at a CAGR of 17.59 percent over the period 2013-2018. Commenting on the report, an analyst from the team said: In recent years, the high adoption of cloud computing technology by enterprises has been one of the emerging trends in the Global Talent Management Software market. Cloud-based talent management software acts as an infrastructure design with a higher potential than traditional talent management deployment methods. Thus, organizations can use their private cloud for supporting their HR analytics. The budget constraints for IT, insufficient time to build in-house software, and cost advantages attached to hosted or on-demand software subscriptions are the primary factors responsible for the increased adoption of cloud-based talent management solutions by enterprises. In addition, cloud services do not have overhead costs of space, power, and cooling that are generally incurred with the deployment of traditional in-house talent management solutions. Hence, the growing popularity of cloud computing technology is a recent trend that is expected to auger well for the growth of the market during the forecast period.
One of the major drivers in this market is the need to streamline HR functions. Talent management software helps to streamline HR activities and improve the operational efficiency of an organization. Management tools have been gaining prominence in organizations; moreover, talent management applications provide the right kind of solutions to the growing administrative concerns of a company's HR division.
The difficulty in selecting the right vendor is one of the major challenges confronting this market. The evaluation and selection of talent management software is a time-consuming process because of its complexity. Organizations have to ensure that the talent management software is able to link directly to their existing HR software applications and share uninterrupted data.
Key Topics Covered
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Deployment Model
- Market Segmentation by Applications
- TechNavio Survey Results
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
- SumTotal Systems
For more information visit http://www.researchandmarkets.com/research/x8hxgv/global_talent
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