The employee lifecycle management market is relatively new and usually included as part of other major offerings or markets. Below are some of our findings:
- The global talent management software market was valued at $7.8 billion in 2018. The employee lifecycle management market is currently the largest sub-segment of this industry, according to a recent report by Grand View Research.
- Some of the top players in the employee lifecycle management market include Cornerstone OnDemand, IBM, Lumesse, Oracle, Peoplefluent, and Skillsoft.
Other Related Findings
- The human capital management (HCM) market, which provides similar services to the employee lifecycle management market, was valued at $16.7 billion in 2019. The HCM market provides the talent lifecycle management service along with other human resource planning services. The North American region is also the largest sub-segment of the market.
- The global human resource management software market was valued at $6.4 billion in 2017. The market's primary offering focuses on providing visibility across the entire lifecycle of an employee. The market is expected to grow to $9.89 billion by 2022.
Summary of Findings
The employee lifecycle management market is currently the largest sub-segment of the talent management market. However, there are no publicly available reports that provide the exact breakdown for the segment. We do not believe additional research on the topic would yield any additional information as the segment is rather new and only just developing.