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1. India Talent Management Software Market Report – 2020 : Ken Research

2. 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.

3. 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.

4. 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.

5. 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.

6. 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 FY’2015. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. Source: https://www.kenresearch.com/education-and-recruitment/recruitment/india-hr-software-market-report/41314-99.html • Contact: Ken ResearchAnkur Gupta, Head Marketing & CommunicationsAnkur@kenresearch.com+91-9015378249

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