According to KD Market Insights the report provides a detailed and extensive analysis on global Workforce Analytics Market 2025 that can be used to obtain a thorough understanding of the Workforce Analytics industry, including the latest developments in the studied market. The report mainly studies the market size of Workforce Analytics products/services, recent trends and status of growth, as well as investment opportunities, market dynamics (such as growth drivers, restraints), and industry news updates (such as mergers, acquisitions, and investments). The efficiency of the product/service will be further optimized by technical advancement and development, making it more broadly used in downstream applications.
The report includes the impact of the COVID-19 outbreak and offers an in-depth overview of the market shifts due to pandemic, as well as a precise assessment of the studied market growth outlook.
Market Insights
Growing adoption of Workforce analytics in Large Enterprises
Because of the need for flexibility, speed and innovation, companies are now focusing more on advanced analytical management systems for people, including labour analytics. Companies are also looking forward to enhancing collaboration across different departments to increase the number of innovative ideas incorporated into their products. These requirements therefore give rise to the adoption of workforce analytics, creating opportunities for growth in the market. For example, for their talent and field service management operations, Google is using HR analytics. During the projected period 2020-2025, the deployment of workforce analytics across companies is likely to create enormous opportunities for the market.
Growing Trend for Artificial intelligence
Various vertical sectors such as business, healthcare, retail and others use AI-based workforce analytics for several advantages, including human bias, efficiency improvement and insights into the evaluation of an employee and others. In addition, AI-based workforce analytics are used for predictive decision-making so that decisions for the present and future can be made with predictive quality. The implementation of AI-based workforce analytics will therefore increase an organisation’s productivity and is likely to create a positive environment for workforce analytics growth.
The market for workforce analytics is poised to grow by USD 990.88 million during 2020-2024, progressing during the forecast period at a CAGR of 20 per cent. As companies face the immense challenge of analysing the enormous amount of HR data structure in real time, the demand for advanced analytical tools and analytics applications is increasing rapidly. Applications such as workforce planning, compensation management, performance and talent management, recruitment, learning management, and collaboration and engagement of employees are integrated into this market.
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Market Segmentation:
By Type
-Solution
-Services
-Managed
-Consulting
-System Integration
-Implementation
By Organization Size
-Large Enterprises
-Small and Medium-Sized Enterprises (SME’s)
By Deployment Type
-Cloud
-On-Premise
By Application
-Manufacturing and Retail
-Healthcare and Education
-IT and Telecommunications
-Media & Communication Services
-Banking, Financial Services and Insurance (BFSI)
-Others (Food & Beverages, Real Estate, Automotive, Utilities, etc.)
Based on Geography, the global Workforce Analytics Market is segmented into:
– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
– Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
– Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Aim of the study:
The study provides a detailed competitive landscape along with comprehensive analysis of product line, product innovation, technological development, business models, market share and size of global Workforce Analytics Market. The report covers a study of recent industry trends, including product releases, mergers, acquisitions, alliances, joint ventures and collaborations. The study provides a futuristic understanding of business scenario for the 2020-2025 forecast period.
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Leading players of Workforce Analytics Market are as follows:
-Automatic Data Processing Inc.
-Cornerstone OnDemand Inc.
-Infor Inc.
-International Business Machines Corp.
-Kronos Inc.
-Oracle Corp.
-Paycor Inc.
-SAP SE
-Tableau Software LLC
-Workday Inc.
-Other Major & Niche Players
The Following are the Key Features of global Workforce Analytics Market Report:
- Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
- Growth Drivers and Barriers, Market Trends & Market Opportunities
- Porter’s Five Forces Analysis & Trade Analysis
- Market Forecast Analysis for 2020-2025
- Market Segments by Geographies and Countries
- Market Segment Trend and Forecast
- Market Analysis and Recommendations
- Price Analysis
- Key Market Driving Factors
- Workforce Analytics Market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
Key Questions Answered
- What is the impact of Covid-19 on Global Workforce Analytics Market and strategies for recovery?
- What are the new trends influencing the growth of Workforce Analytics Market?
- How will revenue generation affect key players’ decision-making?
- What are the major growth approaches used by players in the global Workforce Analytics Market?
- Which product holds the maximum share in relation to the current trends on the basis of the product type?
- What are the regional tactics used for marketing their presence in a specific region by industry participants?
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