Human Capital Management Solution Industry,Performance Management HR Market,

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India Talent Management Software Market Report
2020 Ken Research
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• How India Talent management Market Is Positioned?
• Talent Management software is a niche market in
  India. The expansion of business network, rising
  number of employees in the organization,
  increasing number of departments has given rise
  to the talent management software industry in
  India. The Talent management market has triggered
  in past few years owing to the increase in
  organizational goals of becoming the employee
  friendly company and also at the same time
  improving the bottom line by increasing the
  productivity and performance of the company. The
  Market for Talent Management software had
  witnessed a robust growth in past few years.
  Talent management software market had increased
  from USD Million in 2010 to USD Million in
  2015, growing at a CAGR of during the period.
  The rise in concern about the employee engagement
  in the organization, employees becoming more
  career oriented, increase in number of potential
  customers, rising number of head counts in the
  organizations had fueled the market for TMS in
  India.

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• Additionally, increase in attrition rate, rise in
  number of college graduates has also triggered
  the market for recruitment softwares in the
  country. In India, the massive growth in BFSI
  sector, BPO sector, Hospitality sector,
  manufacturing sector and e-commerce sector had
  majorly driven the market of talent management
  software. The increase in challenges faced by the
  companies in developing leaders, Locating and
  hiring top technical skills, diagnosing and
  improving organizational culture and others have
  also the accelerated the market of talent
  management software. Talent management software
  has succeeded in bringing together the fragmented
  functions of HR from recruitment to performance
  and others. Talent management software will not
  only provide solutions to increase efficiency,
  but also transparency inside and outside the
  company. The Competitive landscape of vendors is
  diverse, from international companies,
  to fast-growing highly innovative companies and
  start-ups.

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• The talent management software market is
  segmented by on premises deployment mode and on
  cloud deployment mode. In India majority of the
  companies are going for on cloud deployment to
  avoid the headache of maintaining the server is
  with Host Company. Additionally, at the time of
  upgradation and fault, the vendor company is
  responsible. The Cloud computing for talent
  management services had contributed to USD
  million in 2015. The vendor company will fix the
  problems at the client side. The percentage share
  of on Cloud deployment had increased from in
  2010 to in 2015. of the companies in India
  is going for on premises deployment of talent
  management software. These companies are large
  companies with more number of employees in the
  organization. Additionally they generally have
  large IT department and hardware which can manage
  the applications by them. The revenues generated
  from on premises deployment had increased from
  USD million in 2010 to USD million in 2015.

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• Which Segments have Driven the size of talent
  Management Software Market?
• On the basis of size of organization market can
  be segmented by large size, mid size and small
  size organizations. Large Organizations had
  contributed majorly in the revenues of the Talent
  management Software market in India. They have
  contributed USD million in 2015. The Mid-Size
  organizations are the second highest contributor
  in the market. The small size companies are the
  least contributor in the overall industry
  revenues. They have contributed to USD million
  in 2015. The Talent Management software market
  encompasses of five major segments. These
  segments are Recruitment, Talent Strategy
  Planning, Performance Management, Learning
  Development and Compensation management.
  Recruitment had contributed majorly in the
  overall revenues of talent management software.
  In 2015 recruitment software had contributed to
  USD million. The second largest contributor is
  the performance management in the overall
  revenues of the Talent management Software
  industry. Compensation management had contributed
  to USD 21.1 billion in 2015 in the overall talent
  management market.

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• The third largest category is the learning and
  development software in the overall revenues of
  talent management software market in the country.
  Multinational Companies have contributed majorly
  in the overall revenues of the talent management
  Software industry. There are number of
  multinational companies present in India, who are
  offering talent management software.
  Additionally, these companies offer new
  innovative and updated products and services to
  the customers. Multinational companies have
  contributed to USD Million in 2015 and domestic
  companies have contributed to USD million in
  2015. The domestic companies are not able to
  match the MNC in terms of marketing and
  advertising spend because of which they are
  restricted in their growth and expansion. Mumbai
  accounted for the highest revenue generation for
  the market in FY2015. Mumbai had contributed to
  USD Million in 2015.Presence of high number of
  corporate headquarters has been the primary
  reason behind the city accounting for majority of
  the training demands. The second largest
  contributor is Delhi NCR Bangalore, Pune and
  others.

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• BFSI is the largest contributor in the overall
  revenue of the talent management software market
  in India, Contributing USD 24.1 million in 2015.
  The rise in number of employees in the BFSI
  sectors had made it compulsory for the HR to work
  on the talent management software, as it had
  become difficult for them to manage the entire
  workforce manually. E-Commerce companies are the
  second largest contributor in the market with the
  revenues of USD 21.1 million in 2015. The third
  largest contributor is the healthcare sector,
  with the value of USD million in 2015.other
  major sectors are IT Telecom, Manufacturing,
  retail, Education, Government, Media
  Entertainment and others. IT and telecom had
  contributed to USD million in overall revenues
  of talent management software in India, 2015. The
  professional services firms such as consulting,
  accounting, law, IT and others have contributed
  majorly in the overall revenues of the talent
  management software industry. These companies
  have contributed to USD Million in 2015.The
  training Education companies have contributed
  to USD Million in 2015.

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• Large Businesses are the major contributor in the
  revenues of the talent management software
  industry. These organizations have large number
  of employees owing to the increase in demand of
  talent management software. The mid size business
  had contributed to USD Million in 2015. There
  has been a huge growth in mid business segment
  and the pressure to retain and recruit employees
  has instigated the talent management software
  demands. The small size companies have
  contributed to USD Million in 2015.
• What is the Decision Making Process of Hiring a
  Talent management Software Firm
• For large government projects, tenders are
  released by the government. The tender is
  released by the concerned department or the
  ministry and the director of the department is
  the main authority to take the decision. For
  government project the preference given while
  choosing the suppliers are Eligibility criteria,
  commission, strong Clientele, lower price bids.
  In Product Manufacturing Companies, generally the
  Managing director or the head of the department
  is the one who is the key decision maker. The
  director discusses with the management about the
  project before taking the decision.

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• For product manufacturing companies the
  preference given while choosing the suppliers are
  prior knowledge /contact, Price, Reviews,
  Clientele. Customer in this case gives higher
  preference to technology and brand image but
  appreciates the services equally. Since more
  budgets is allocated to talent management
  software by the manufacturing companies as their
  business network is expanding, resulting in
  rising employee strength. For Service oriented
  companies, the director or senior manager is the
  key decision maker in a service oriented
  companies. Major decisions regarding selecting a
  talent management software is taken by the
  management which is further approver by the
  director. For service oriented companies the
  preference given while choosing the suppliers are
  prior knowledge /contact, Price, Reviews,
  Clientele.
• WhAT are trends and growth drivers for talent
  management softwrae market in India
• The robust growth in the service sector over the
  years in India has been attributed to number of
  possible factors both from the demand as well as
  supply side. This had triggered the demand of
  software to manage the performance, compensation,
  recruitment, learning and development in the
  companies owing to the increase in market size of
  the talent management software in the country.
  The companies in the country are shifting from
  manual methods to HR software, by installing the
  HR software in their systems. The companies are
  investing huge amount of money to automate their
  processes leading to increase in the productivity
  of the employees and improving the overall
  performance of the company.

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• The programs for corporate training, learning
  development in India have been a niche market
  that has seen a steady growth over the past few
  years. Rising demand for trainings on a spectrum
  of courses has put the market on an exemplary
  growth track resulting in the surge in the demand
  of talent management software.The rise in
  attrition rate in the companies had also
  increased the demand of talent management
  software. The employees are shifting from one
  organization to another for salary hikes,
  mismatch in their profile, work pressure, career
  growth and for other reasons. Companies in India
  have ditched generic trainings and have developed
  increased interest towards trainings aligned to
  their business needs. This had resulted in the
  increase in the demand of learning training
  softwares in the companies.
• How is the Competition Structured in India talent
  Management Software Market?
• India Talent Management market is dominated by
  few large multinationals. These companies are
  offering wide variety of products and excellent
  services to the customers. Oracle India was a
  leading player in the industry in 2015. The
  company has a trusted brand name in the country.
  the company has generated a revenue of USD
  Million in 2015 in overall talent management
  software market in the country.

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• SAP India is the second largest player in India
  with the revenue generation of USD Million in
  talent management software industry in the
  country. The company has a strong brand name in
  India. SAP is majorly focusing on innovation and
  research to introduce new innovative products in
  the country. There are number of emerging players
  also in the market which are offering talent
  management software to the customers. Some of
  these players are FlexiEle, JSM technology,
  Sensys, Tamba Solutions, Adrenalin e-systems
  limited and others.
• What Are The Future The Future Prospectes For
  India Talent Management Software Market?
• India Talent Management Market will increase from
  USD Million in 2015 to USD Million in 2020,
  growing at a CAGR of during the period. The
  market will be driven by the companies demanding
  real-time based solutions for the workers, so
  that the employees can complete the task given to
  them by management without any delay or
  disruption. The rise in attrition rate in the
  companies will accelerate the demand of
  recruitment and succession planning software in
  the companies. The upcoming SEZ Zones in the
  country, especially in Metro cities such as
  Gurgaon, Mumbai, Bangalore, Delhi and others will
  increase the number of organization leading to
  increase the head counts in the companies. This
  will trigger the demand of talent management
  software by these companies to manage the
  workforce.

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• Source https//www.kenresearch.com/education-and-
  recruitment/recruitment/india-hr-software-market-r
  eport/41314-99.html
•  Contact Ken ResearchAnkur
  Gupta, Head Marketing CommunicationsAnkur_at_kenre
  search.com91-9015378249

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