Market Share of Talent Acquisition Software Industry
The talent acquisition software market is moderately fragmented due to the existence of several market participants worldwide. The market is anticipated to grow as the use of cloud-based solutions rises and the need for real-time employee engagement models soar. Thus, industry players are developing several innovations to offer better solutions than their competitors.
- June 2022: Cornerstone OnDemand, Inc., a provider of adaptive cloud-based HR software solutions backed by Clearlake Capital Group, L.P. (collectively with its affiliates, "Clearlake"), entered into a formal agreement with Skillsoft to acquire SumTotal, a supplier of learning and human capital management software-as-a-service ("SaaS") for customers in highly regulated and complicated industries.
- March 2022: BambooHR introduced Employee Wellbeing. Users of the new feature can survey staff members to assess their general well-being and level of career satisfaction. Employee Wellbeing examines how employees feel, and how their employers assist them. The Employee Wellbeing feature will determine how satisfied employees are in four areas: Happiness, Relationships, Personal Motivators and Company Motivators.
Talent Acquisition Software Market Leaders
ABB
Cornerstone OnDemand
IBM
Oracle
Bamboohr
*Disclaimer: Major Players sorted in no particular order
