Industry Background:
Talent acquisition software is used to finding as well as acquiring a skilled workforce as per the requirements in organizations. It is an ongoing strategy to discover specialists, leaders, or future executives for an organization. Talent acquisition inclines to attention on long-term human resources planning as well as finding appropriate applicants for positions that need a very specific skillset. Additionally, Talent acquisition software helps a company in leveraging video, social, and mobile technologies for handling talent lifecycle. This lifecycle includes the growth of talent pools, screening of applicants, integrating marketing automation tools and on-boarding of applicants.
This growth is primarily driven by Rising Demand for Real-Time Employee Engagement and Fuelling Demand for Long-Term Human Resources.
Globally, a noticeable market trend is evident High Adoption of Cloud-Based Talent Acquisition Software
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as LinkedIn (Microsoft) (United States), IBM (United States), Cornerstone OnDemand (United States), SAP (Germany), Oracle (United States), Ultimate Software (United States), ADP (United States), iCIMS (United States), Insperity (United States) and Upwork (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019 My Ally, the world’s leading Talent Lifecycle Management (TLM) software provider, has been selected to automate the new hire candidate scheduling workload for cloud data warehouse provider Snowflake. and On 12th February 2019, LinkedIn has announced that they plan to transfer its core hiring tools including LinkedIn Jobs, LinkedIn Recruiter, and Pipeline Builder on one sole platform called the new intelligent hiring experience.
On 16th November 2018, LinkedIn has acquired Glint, a leader in employee engagement that helps people in organizations do their best work, grow their skills, and increase business results.
Market Drivers
- Rising Demand for Real-Time Employee Engagement
- Fuelling Demand for Long-Term Human Resources
Market Trend
- High Adoption of Cloud-Based Talent Acquisition Software
- Growing Emergence of Social Platform
Restraints
- Lack of Awareness about Talent Acquisition Software
- High Budget Needed for Talent Acquisition Software
Opportunities
Hug Demand for Big Data Analytics in Human Resource
Challenges
Lack of Proficient Talent and Integration across Various Talent Management Suites
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Talent Acquisition Software Study Sheds Light on
The Talent Acquisition Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Talent Acquisition Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Talent Acquisition Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.