The global talent-management software market has also been witnessing the increasing popularity of cloud computing technology. However, the difficulty in selecting the right vendor could pose a challenge to the growth of this market.

The 65-page Report was prepared based on an in-depth market analysis with inputs from industry experts. It covers the Americas and the EMEA and APAC regions; it also covers the global talent-management software market landscape and its growth prospects in the coming years. The document also includes a discussion of the key vendors operating in this market.

In recent years, the high adoption of cloud computing technology by enterprises has been one of the emerging trends in the global talent-management software market. Cloud-based talent-management software acts as an infrastructure design with a higher potential than traditional talent-management deployment methods. Thus, organizations can use their private cloud for supporting their HR analytics.

The budget constraints for IT, insufficient time to build in-house software, and cost advantages attached to hosted or on-demand software subscriptions are the primary factors responsible for the increased adoption of cloud-based talent-management solutions by enterprises. In addition, cloud services do not have overhead costs of space, power, and cooling that are generally incurred with the deployment of traditional in-house talent-management solutions. Hence, the growing popularity of cloud computing technology is a recent trend that is expected to auger well for the growth of the market during the forecast period.