K-12 Talent Management Software Market in the US 2016-2020

K-12 talent management software market size

Technavio’s market research analysts have predicted that the K-12 talent management software market in the US will witness fast-paced growth and post a tremendous CAGR of more than 14% over the forecast period. 

K-12 talent management software market trends

One of the recent trends gaining traction in the market is the increasing use of social recruiting platforms that come with several integrated features. Contemporary hiring processes of educational institutions are progressively leveraging social recruiting platforms to hire the right talent. Also, there is an increase in the use of social media networks such as LinkedIn and Facebook due to their ability to share job postings with a large number of people. Moreover, social networks allow recruiters to extract information from multiple sources, which provides a clear picture of their potential candidates. Some of the other factors behind the growing importance of social networks in the recruitment process include easy referrals, higher chances of striking the best hires, optimum candidate engagement, and development of mutually beneficial two-way communication.

K-12 talent management software market worth: Competitive landscape and key vendors

The K-12 talent management software market in the US 2016-2020 is characterized by the presence of several regional vendors. The competitive environment in this market is likely to intensify further owing to an increase in service and product extensions and M&As. The major vendors are constantly competing against each other for the top position and are also undergoing strategic alliances such as M&As for the marketing and penetration of their products. The growth of players in the market also depends on market conditions, government support, and industry development.

Key vendors in the K-12 talent management software market

• Cornerstone OnDemand
• Halogen Software
• PeopleAdmin

K-12 talent management software market segmentation by application

• Talent acquisition
• Professional development
• Records and onboarding

During 2015, the talent acquisition segment dominated the market and accounted for close to 42% of the revenue market shares. Most of the educational institutions are investing in the talent management software to use the talent acquisition and professional development applications. Talent acquisition assists educational institutions in identifying, attracting, and hiring the right talent to meet its business needs. Moreover, professional development is another important component of talent management solutions, which will lead to its increased adoption over the estimated period.

K-12 talent management software market segmentation by end-user

• Private schools
• Public schools

According to the market research analysts, the private school segment was the highest revenue contributor in the market during 2015 and will account for close to 56% of the market shares in terms of revenue during the forecast period. Private schools have enough financial resources to allow them to employ advanced educational technologies to help develop a teacher’s efficiency; thus, leading to this segment’s growth in the coming years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the K-12 talent management software market in the US 2016-2020?
• What are the key market trends impacting the growth of the K-12 talent management software market in the US 2016-2020?
• What are the challenges to market growth?
• Who are the key vendors in the K-12 talent management software market in the US 2016-2020?
• What are the market opportunities and threats faced by the vendors in the K-12 talent management software market in the US 2016-2020?
• What are the trending factors influencing the market shares of the US?
• What are the key outcomes of the five forces analysis of the K-12 talent management software market in the US 2016-2020?

Technavio also offers customization on reports based on specific client requirement.

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