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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.
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.
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.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market overview
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: US K-12 talent management software market
PART 12: Market segmentation by applications
US K-12 talent management software market by applications
PART 13: Market segmentation by end-users
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Other potential vendors
PART 17: Appendix
PART 18: Explore Technavio
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