Talent Management Software Market Regional Analysis:
North America Market Insights
North America industry is expected to dominate majority revenue share of 31.1% by 2035. The region's competitive and diverse job market necessitates the use of efficient techniques for attracting, developing, and keeping talent. Robust software solutions are required due to stringent labor standards and the requirement for compliance with data privacy legislation. In November 2022, Deltek introduced Deltek Unionpoint, a brand-new iPaaS solution. Deltek Talent Management expedites integration and customization and streamlines the authentication procedure.
The talent management software market in the U.S. is expected to rise due to the high adoption of digitization across several industries and the expanding use of cutting-edge talent management software technologies by IT services, healthcare, banking, and retail industries. In April 2023, Infor announced the launch of the Infor Talent Empowerment solution to help organizations personalize career mobility in offices.
Asia Pacific Market Insights
The talent management software market in Asia Pacific will grow at fastest rate due to the region's openness to embracing new and cutting-edge technologies. Furthermore, driving demand in the developing world is a fundamental shift in the organizational management structure of the region.
In China, the talent management software market is expected to expand at a rapid pace during the forecast period owing to the rapid adoption of advanced technologies, including cloud computing and software as a service (SaaS), and rising demand for talent management solutions across several sectors. Companies in China are heavily investing in HR SaaS to offer easy HR management services and solutions to enterprises to navigate complex HR tasks such as talent management, performance management, and recruitment.
India is one of the leading countries in the Asia Pacific due to several factors, including the increased uptake of digital technologies, the rise of small and medium-sized businesses (SMEs) and start-ups, and the increasing awareness among companies of the advantages of talent management systems.
