Global Talent Management Software Market to Reach USD 25.01 Billion by 2032; Learning Technologies PLC Acquires Bridge to Expand Its Learning and Talent Portfolio

The global talent management software market size was valued at USD 10.09 billion in 2024. The market is projected to grow from USD 11.30 billion in 2025 to USD 25.01 billion by 2032, exhibiting a CAGR of 12.0% during the forecast period.

Fortune Business Insights™ presents this information in its latest report titled “Talent Management Software Market Size, Share & Industry Analysis, By Type (Talent Acquisition, Performance Management, Compensation Management, Learning Management, and Others), By Enterprise Type (Small & Medium Enterprises (SMEs) and Large Enterprises), By Deployment (Cloud and On-premise), By End-User (IT and Telecommunication, BFSI, Government, Healthcare, Education, Manufacturing, and Others), and Regional Forecast, 2025-2032”.

More HR management enterprises are demanding automation technologies to help them scout the right talent and retain high-performing employees. Companies are also seeking technologies that can assist them in tracking their employees’ performance. This has motivated key organizations in the market to come up with innovative software enhancements that can help them expand their global presence. These factors will amplify the global talent management software market growth.

Supply Chain Issues May Restrict Adoption of Talent Management Software

The short-term effect of the COVID-19 outbreak on the global market size was multifaceted since many companies had to slow down their operations and cut back on their labor force. Many firms also refused to hire more people to save costs. This dented the adoption of TMS during the pandemic period. However, as more organizations are switching to digitization to improve their business processes, the demand for innovative Talent Management Software (TMS) solutions is expected to rise considerably. This will positively impact the global market in the coming years.

Use of Technological Innovations to Streamline HR Processes to Enhance Market Growth

Cloud-based platforms are being used on a large scale by many companies to improve their employee management practices. TMS can help clients streamline their hiring process, offer flexible learning tools & opportunities, strengthen work culture, and identify top performers. This will not only help them retain top talent but also motivate employees to take full advantage of the innovative trainings to help them grow. These factors will boost the talent management software market share.

Companies to Augment their Market Presence by Offering Advanced TMS Solutions

Talentsoft, IBM Corporation, Cisco Systems, Inc., CornerStone OnDemand, Inc., and Oracle Corporation are a few key market participants. These players are offering solutions that use innovative technologies such as Artificial Intelligence and cloud. Intense competition in the market has compelled these firms to acquire a wide range of businesses to expand their global footprint. These strategies will help the companies expand their presence across the market.

Notable Industry Development:

• February 2021: Learning Technologies Group (LTG) plc, one of the leading providers of technologies and services for talent management, announced that it signed an agreement to acquire the U.K.-based Bridge from Instructure Inc. The acquisition assisted Learning Technologies in expanding its learning and talent portfolio in the crucial mid-scale enterprise space. The combination of Bridge and Learning Technologies was also reported to create several opportunities for upsell-led and cross-sell growth. Bridge was expected to cater to the needs of 800 customers of Learning Technologies.

List of the Companies Profiled in the Report:

• Cornerstone OnDemand (Saba Software, Inc.) (U.S.)
• Workday, Inc. (U.S.)
• Applied Training Systems, Inc. (Trakstar) (U.S.)
• Talentsoft (France)
• BambooHR LLC (U.S.)
• Oracle Corporation (U.S.)
• SAP SE (Germany)
• IBM Corporation (U.S.)
• Sage Group plc (U.K.)
• 15Five (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/talent-management-software-market-100374

Further Report Findings

• Asia Pacific is predicted to register the highest CAGR over the forecast period. One of the major reasons contributing to the regional market’s growth is the organizations’ increasing acceptance of innovative technologies. A significant shift has been witnessed in organizational management technologies, which is boosting the product demand across developed countries. The availability of active ecosystems has enabled SMEs to promote the usage of this software in India, Japan, and Australia. On the other hand, large-scale organizations, in the BFSI, manufacturing, IT & telecom, education, and other sectors, are predicted to generate significant revenue.
• Europe is predicted to record a significant growth rate during the forecast timeframe. The region’s governments are actively introducing various favorable initiatives and polities with respect to talent management. This scenario might generate strong demand for a robust talent management software that can enable employee mobility, selection, and assessment. The European government is also implementing these policies to create a vast pool of competent, skilled, adaptable, and networked workforce in the region.
• The large enterprises segment dominated the market. These companies are likely to equip their talent management systems with advanced technologies to offer a wide range of services such as working hours and staff headcount. These firms are also using advanced analytical solutions to overcome various challenges such as recognizing the threat of high-potential employees leaving for different countries and essential roles.

Table of Segmentation