Lewes, DE -- (SBWire) -- 10/04/2016 --Report forecast the US K-12 talent management software market to grow at a CAGR of 14.57% during the period 2016-2020.
Talent management software is an application that provides a complete set of tools to organizations to automate, monitor, and analyze various HR functions efficiently. Moreover, the software assists the HR department in better talent acquisition activities, effective retention, and career succession planning strategies. Therefore, talent management applications have been gaining prominence in institutions as well.
The report covers the present scenario and the growth prospects of the US K-12 talent management software market for 2016-2020. To calculate the market size, the report considers the revenue generated by the talent management software providers for the K-12 education market.
The market is divided into the following segments based on geography:
- ROW
- UK
- US
According to the report, rising need for streamlining HR functions will be a key driver for market growth. The HR division in educational institutions typically manages staffing, compensation, training, benefits, welfare, and appraisals manually. As a result, various errands pile up and the amount of paperwork increases, which consequently affects the overall productivity of an institution.
Further, the report states that budgets allocated to public schools in many states in the US such as Oklahoma, Alabama, Arizona, and Kansas have been declining every year. According to the Centre on Budget and Policy Priorities 2014 analysis, over two-thirds of the states in the US have provided less per-student funding for K-12 education for the fiscal year 2014 when compared with the funding in 2008. This was due to the 2007-2009 economy recession, and also continuous difficulty in economic conditions created by government measures to reduce public expenditure in many states. This deficiency in budgets is creating a major challenge in the implementation of diverse equipment and solutions in schools and institutions.
US K-12 Talent Management Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the US K-12 talent management software market: Cornerstone OnDemand, Halogen Software, and PeopleAdmin.
Other Prominent Vendors in the market are: Ellucian, IBM, iCIMS, Infor Global Solutions, Oracle, SAP SE, SumTotal Systems, and Workday.
Market driver
- Growing improvement in employee engagement
- For a full, detailed list, view our report
Market challenge
- Rising threat from open-source platforms
- For a full, detailed list, view our report
Market trend
- Rise in cloud-based software solutions
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 54 pages "K-12 Talent Management Software Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market overview, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, US K-12 talent management software market, Market segmentation by applications, Market segmentation by end-users, Vendor landscape, Key vendor analysis, Other potential vendors, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/k-12-talent-management-software-market-us-2016-2020
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