HR Analytics Market Key Players Analysis 2031
The HR Analytics Market is expected to expand at a CAGR of 15.2% from 2023 to 2031. The adoption of artificial intelligence and machine learning is likely to be a key trend in the market.
HR Analytics Market Analysis
- HR Analytics is a valuable tool for HR workers since it collects and analyses data on employee performance, turnover, recruitment and training costs, and other variables.
- HR Analytics enables businesses to acquire useful insights about their personnel and make better, data-driven decisions that assist in improving overall performance.
- HR analytics also have a big impact in a variety of areas, including identifying areas for improvement and measuring the performance of HR initiatives and policies. Thus, the HR analytics market is expected to grow during the forecast period.
HR Analytics Market Overview
- HR analytics enables HR practitioners to make informed decisions and develop strategies that benefit people while supporting company goals. This significantly affects organizational performance. HR analytics, also known as people analytics or workforce analytics, is the process of acquiring, analyzing, and reporting HR data to generate business results.
- It enables organizations to better understand their personnel, make data-driven decisions, and assess the impact of various HR KPIs, thereby enhancing overall business performance. In other words, HR analytics is a data-driven approach to HR management.
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HR Analytics Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
HR Analytics Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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HR Analytics Market Drivers and Opportunities
Data-Driven Decision Making
- Human Resource analytics allows companies to make decisions which are based on data by indicating different metrics affecting the organization’s workforce including but not limited to performance productivity and engagement levels among employees.
- Data-driven decision-making is beneficial since it helps in designing plans that facilitate efficient utilization of staff thereby making sure that qualified individuals are involved in appropriate positions promptly. Thus, data-driven decision-making is expected to boost the growth of the HR analytics market.
Talent Acquisition and Retention
- HR analytics plays a crucial role in talent acquisition and retention. By analyzing data on candidate sourcing and recruitment channels, as well as employee turnover, organizations can identify the most effective strategies.
- These strategies aid in attracting and retaining top talent. For example, analytics can help determine the key factors that contribute to employee turnover. Develop targeted retention initiatives. Thus, the HR analytics market is expected to grow during the forecast period.
HR Analytics Market Report Segmentation Analysis
The key segments that contributed to the derivation of the HR Analytics market are solutions, services, deployment, enterprise size, and end-use.
- By solution, the market is divided into employee engagement & development, payroll & compensation, recruitment, retention, talent analytics, workforce planning, and others.
- Based on services, the market is segmented into implementation & integration, support & maintenance, training & consulting.
- On the basis of deployment, the market is divided into hosted and on-premise.
- On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs.
- On the basis of end-users, the market is divided into academia, BFSI, government, healthcare, it & telecom, manufacturing, retail, and others.
HR Analytics Market Share Analysis By Geography
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
- HR Analytics Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering HR Analytics market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the HR Analytics market in these regions.
HR Analytics Market Scope
HR Analytics Market News and Recent Developments
The HR analytics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the HR analytics market are listed below:
- Visier, Inc., the globally recognized leader in people analytics and on-demand answers for people-powered businesses, announced a strategic alliance with Deloitte. Together, Deloitte and Visier provide enterprise organizations guidance and professional services support around their people analytics journey, combining state-of-the-art technology with world-renowned consulting. (Source: Visier, Inc., Company News, May 2022)
- SAP SE announced the acquisition of Askdata, a startup focused on search-driven analytics. With the acquisition of Askdata, SAP strengthens its ability to help organizations make better-informed decisions by leveraging AI-driven natural language searches. Users are empowered to search, interact and collaborate on live data to maximize business insights. (Source: SAP SE, Inc., Press Release, February 2024)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global HR Analytics market is estimated to grow at a CAGR of 15.2% during 2023 - 2031.
Increasing demand for workforce optimization & talent mobility, and data-driven decision-making are the major factors that drive the global HR Analytics market.
The adoption of artificial intelligence and machine learning is a key trend in the market.
Infor, MicroStrategy Incorporated, Sage People Limited, Oracle Corporation, SAP SE, Sisense Inc., Tableau Software, Talentsoft, Visier Inc., and Zoho Corporation Pvt. Ltd are the major market players.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on the request are additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 HR Analytics Market - By Component
1.3.2 HR Analytics Market - By Deployment
1.3.3 HR Analytics Market - By Enterprise Size
1.3.4 HR Analytics Market - By Application
1.3.5 HR Analytics Market - By Industry Vertical
1.3.6 HR Analytics Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HR ANALYTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. HR ANALYTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HR ANALYTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. HR ANALYTICS - GLOBAL MARKET OVERVIEW
6.2. HR ANALYTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HR ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. HR ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
8.1. OVERVIEW
8.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
8.3. CLOUD
8.3.1. Overview
8.3.2. Cloud Market Forecast and Analysis
8.4. ON-PREMISE
8.4.1. Overview
8.4.2. On-premise Market Forecast and Analysis
9. HR ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
9.1. OVERVIEW
9.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
9.3. LARGE ENTERPRISES
9.3.1. Overview
9.3.2. Large Enterprises Market Forecast and Analysis
9.4. SMES
9.4.1. Overview
9.4.2. SMEs Market Forecast and Analysis
10. HR ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. WORKFORCE MANAGEMENT
10.3.1. Overview
10.3.2. Workforce Management Market Forecast and Analysis
10.4. EMPLOYEE ENGAGEMENT
10.4.1. Overview
10.4.2. Employee Engagement Market Forecast and Analysis
10.5. EMPLOYEE DEVELOPMENT
10.5.1. Overview
10.5.2. Employee Development Market Forecast and Analysis
10.6. RECRUITMENT
10.6.1. Overview
10.6.2. Recruitment Market Forecast and Analysis
10.7. RETENTION
10.7.1. Overview
10.7.2. Retention Market Forecast and Analysis
10.8. PAYROLL
10.8.1. Overview
10.8.2. Payroll Market Forecast and Analysis
11. HR ANALYTICS MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
11.1. OVERVIEW
11.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
11.3. BFSI
11.3.1. Overview
11.3.2. BFSI Market Forecast and Analysis
11.4. IT AND TELECOM
11.4.1. Overview
11.4.2. IT and Telecom Market Forecast and Analysis
11.5. CONSUMER GOODS AND RETAIL
11.5.1. Overview
11.5.2. Consumer Goods and Retail Market Forecast and Analysis
11.6. HEALTHCARE
11.6.1. Overview
11.6.2. Healthcare Market Forecast and Analysis
11.7. MANUFACTURING
11.7.1. Overview
11.7.2. Manufacturing Market Forecast and Analysis
11.8. EDUCATION
11.8.1. Overview
11.8.2. Education Market Forecast and Analysis
11.9. OTHERS
11.9.1. Overview
11.9.2. Others Market Forecast and Analysis
12. HR ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America HR Analytics Market Overview
12.1.2 North America HR Analytics Market Forecasts and Analysis
12.1.3 North America HR Analytics Market Forecasts and Analysis - By Component
12.1.4 North America HR Analytics Market Forecasts and Analysis - By Deployment
12.1.5 North America HR Analytics Market Forecasts and Analysis - By Enterprise Size
12.1.6 North America HR Analytics Market Forecasts and Analysis - By Application
12.1.7 North America HR Analytics Market Forecasts and Analysis - By Industry Vertical
12.1.8 North America HR Analytics Market Forecasts and Analysis - By Countries
12.1.8.1 United States HR Analytics Market
12.1.8.1.1 United States HR Analytics Market by Component
12.1.8.1.2 United States HR Analytics Market by Deployment
12.1.8.1.3 United States HR Analytics Market by Enterprise Size
12.1.8.1.4 United States HR Analytics Market by Application
12.1.8.1.5 United States HR Analytics Market by Industry Vertical
12.1.8.2 Canada HR Analytics Market
12.1.8.2.1 Canada HR Analytics Market by Component
12.1.8.2.2 Canada HR Analytics Market by Deployment
12.1.8.2.3 Canada HR Analytics Market by Enterprise Size
12.1.8.2.4 Canada HR Analytics Market by Application
12.1.8.2.5 Canada HR Analytics Market by Industry Vertical
12.1.8.3 Mexico HR Analytics Market
12.1.8.3.1 Mexico HR Analytics Market by Component
12.1.8.3.2 Mexico HR Analytics Market by Deployment
12.1.8.3.3 Mexico HR Analytics Market by Enterprise Size
12.1.8.3.4 Mexico HR Analytics Market by Application
12.1.8.3.5 Mexico HR Analytics Market by Industry Vertical
12.2. EUROPE
12.2.1 Europe HR Analytics Market Overview
12.2.2 Europe HR Analytics Market Forecasts and Analysis
12.2.3 Europe HR Analytics Market Forecasts and Analysis - By Component
12.2.4 Europe HR Analytics Market Forecasts and Analysis - By Deployment
12.2.5 Europe HR Analytics Market Forecasts and Analysis - By Enterprise Size
12.2.6 Europe HR Analytics Market Forecasts and Analysis - By Application
12.2.7 Europe HR Analytics Market Forecasts and Analysis - By Industry Vertical
12.2.8 Europe HR Analytics Market Forecasts and Analysis - By Countries
12.2.8.1 Germany HR Analytics Market
12.2.8.1.1 Germany HR Analytics Market by Component
12.2.8.1.2 Germany HR Analytics Market by Deployment
12.2.8.1.3 Germany HR Analytics Market by Enterprise Size
12.2.8.1.4 Germany HR Analytics Market by Application
12.2.8.1.5 Germany HR Analytics Market by Industry Vertical
12.2.8.2 France HR Analytics Market
12.2.8.2.1 France HR Analytics Market by Component
12.2.8.2.2 France HR Analytics Market by Deployment
12.2.8.2.3 France HR Analytics Market by Enterprise Size
12.2.8.2.4 France HR Analytics Market by Application
12.2.8.2.5 France HR Analytics Market by Industry Vertical
12.2.8.3 Italy HR Analytics Market
12.2.8.3.1 Italy HR Analytics Market by Component
12.2.8.3.2 Italy HR Analytics Market by Deployment
12.2.8.3.3 Italy HR Analytics Market by Enterprise Size
12.2.8.3.4 Italy HR Analytics Market by Application
12.2.8.3.5 Italy HR Analytics Market by Industry Vertical
12.2.8.4 United Kingdom HR Analytics Market
12.2.8.4.1 United Kingdom HR Analytics Market by Component
12.2.8.4.2 United Kingdom HR Analytics Market by Deployment
12.2.8.4.3 United Kingdom HR Analytics Market by Enterprise Size
12.2.8.4.4 United Kingdom HR Analytics Market by Application
12.2.8.4.5 United Kingdom HR Analytics Market by Industry Vertical
12.2.8.5 Russia HR Analytics Market
12.2.8.5.1 Russia HR Analytics Market by Component
12.2.8.5.2 Russia HR Analytics Market by Deployment
12.2.8.5.3 Russia HR Analytics Market by Enterprise Size
12.2.8.5.4 Russia HR Analytics Market by Application
12.2.8.5.5 Russia HR Analytics Market by Industry Vertical
12.2.8.6 Rest of Europe HR Analytics Market
12.2.8.6.1 Rest of Europe HR Analytics Market by Component
12.2.8.6.2 Rest of Europe HR Analytics Market by Deployment
12.2.8.6.3 Rest of Europe HR Analytics Market by Enterprise Size
12.2.8.6.4 Rest of Europe HR Analytics Market by Application
12.2.8.6.5 Rest of Europe HR Analytics Market by Industry Vertical
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific HR Analytics Market Overview
12.3.2 Asia-Pacific HR Analytics Market Forecasts and Analysis
12.3.3 Asia-Pacific HR Analytics Market Forecasts and Analysis - By Component
12.3.4 Asia-Pacific HR Analytics Market Forecasts and Analysis - By Deployment
12.3.5 Asia-Pacific HR Analytics Market Forecasts and Analysis - By Enterprise Size
12.3.6 Asia-Pacific HR Analytics Market Forecasts and Analysis - By Application
12.3.7 Asia-Pacific HR Analytics Market Forecasts and Analysis - By Industry Vertical
12.3.8 Asia-Pacific HR Analytics Market Forecasts and Analysis - By Countries
12.3.8.1 Australia HR Analytics Market
12.3.8.1.1 Australia HR Analytics Market by Component
12.3.8.1.2 Australia HR Analytics Market by Deployment
12.3.8.1.3 Australia HR Analytics Market by Enterprise Size
12.3.8.1.4 Australia HR Analytics Market by Application
12.3.8.1.5 Australia HR Analytics Market by Industry Vertical
12.3.8.2 China HR Analytics Market
12.3.8.2.1 China HR Analytics Market by Component
12.3.8.2.2 China HR Analytics Market by Deployment
12.3.8.2.3 China HR Analytics Market by Enterprise Size
12.3.8.2.4 China HR Analytics Market by Application
12.3.8.2.5 China HR Analytics Market by Industry Vertical
12.3.8.3 India HR Analytics Market
12.3.8.3.1 India HR Analytics Market by Component
12.3.8.3.2 India HR Analytics Market by Deployment
12.3.8.3.3 India HR Analytics Market by Enterprise Size
12.3.8.3.4 India HR Analytics Market by Application
12.3.8.3.5 India HR Analytics Market by Industry Vertical
12.3.8.4 Japan HR Analytics Market
12.3.8.4.1 Japan HR Analytics Market by Component
12.3.8.4.2 Japan HR Analytics Market by Deployment
12.3.8.4.3 Japan HR Analytics Market by Enterprise Size
12.3.8.4.4 Japan HR Analytics Market by Application
12.3.8.4.5 Japan HR Analytics Market by Industry Vertical
12.3.8.5 South Korea HR Analytics Market
12.3.8.5.1 South Korea HR Analytics Market by Component
12.3.8.5.2 South Korea HR Analytics Market by Deployment
12.3.8.5.3 South Korea HR Analytics Market by Enterprise Size
12.3.8.5.4 South Korea HR Analytics Market by Application
12.3.8.5.5 South Korea HR Analytics Market by Industry Vertical
12.3.8.6 Rest of Asia-Pacific HR Analytics Market
12.3.8.6.1 Rest of Asia-Pacific HR Analytics Market by Component
12.3.8.6.2 Rest of Asia-Pacific HR Analytics Market by Deployment
12.3.8.6.3 Rest of Asia-Pacific HR Analytics Market by Enterprise Size
12.3.8.6.4 Rest of Asia-Pacific HR Analytics Market by Application
12.3.8.6.5 Rest of Asia-Pacific HR Analytics Market by Industry Vertical
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa HR Analytics Market Overview
12.4.2 Middle East and Africa HR Analytics Market Forecasts and Analysis
12.4.3 Middle East and Africa HR Analytics Market Forecasts and Analysis - By Component
12.4.4 Middle East and Africa HR Analytics Market Forecasts and Analysis - By Deployment
12.4.5 Middle East and Africa HR Analytics Market Forecasts and Analysis - By Enterprise Size
12.4.6 Middle East and Africa HR Analytics Market Forecasts and Analysis - By Application
12.4.7 Middle East and Africa HR Analytics Market Forecasts and Analysis - By Industry Vertical
12.4.8 Middle East and Africa HR Analytics Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa HR Analytics Market
12.4.8.1.1 South Africa HR Analytics Market by Component
12.4.8.1.2 South Africa HR Analytics Market by Deployment
12.4.8.1.3 South Africa HR Analytics Market by Enterprise Size
12.4.8.1.4 South Africa HR Analytics Market by Application
12.4.8.1.5 South Africa HR Analytics Market by Industry Vertical
12.4.8.2 Saudi Arabia HR Analytics Market
12.4.8.2.1 Saudi Arabia HR Analytics Market by Component
12.4.8.2.2 Saudi Arabia HR Analytics Market by Deployment
12.4.8.2.3 Saudi Arabia HR Analytics Market by Enterprise Size
12.4.8.2.4 Saudi Arabia HR Analytics Market by Application
12.4.8.2.5 Saudi Arabia HR Analytics Market by Industry Vertical
12.4.8.3 U.A.E HR Analytics Market
12.4.8.3.1 U.A.E HR Analytics Market by Component
12.4.8.3.2 U.A.E HR Analytics Market by Deployment
12.4.8.3.3 U.A.E HR Analytics Market by Enterprise Size
12.4.8.3.4 U.A.E HR Analytics Market by Application
12.4.8.3.5 U.A.E HR Analytics Market by Industry Vertical
12.4.8.4 Rest of Middle East and Africa HR Analytics Market
12.4.8.4.1 Rest of Middle East and Africa HR Analytics Market by Component
12.4.8.4.2 Rest of Middle East and Africa HR Analytics Market by Deployment
12.4.8.4.3 Rest of Middle East and Africa HR Analytics Market by Enterprise Size
12.4.8.4.4 Rest of Middle East and Africa HR Analytics Market by Application
12.4.8.4.5 Rest of Middle East and Africa HR Analytics Market by Industry Vertical
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America HR Analytics Market Overview
12.5.2 South and Central America HR Analytics Market Forecasts and Analysis
12.5.3 South and Central America HR Analytics Market Forecasts and Analysis - By Component
12.5.4 South and Central America HR Analytics Market Forecasts and Analysis - By Deployment
12.5.5 South and Central America HR Analytics Market Forecasts and Analysis - By Enterprise Size
12.5.6 South and Central America HR Analytics Market Forecasts and Analysis - By Application
12.5.7 South and Central America HR Analytics Market Forecasts and Analysis - By Industry Vertical
12.5.8 South and Central America HR Analytics Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil HR Analytics Market
12.5.8.1.1 Brazil HR Analytics Market by Component
12.5.8.1.2 Brazil HR Analytics Market by Deployment
12.5.8.1.3 Brazil HR Analytics Market by Enterprise Size
12.5.8.1.4 Brazil HR Analytics Market by Application
12.5.8.1.5 Brazil HR Analytics Market by Industry Vertical
12.5.8.2 Argentina HR Analytics Market
12.5.8.2.1 Argentina HR Analytics Market by Component
12.5.8.2.2 Argentina HR Analytics Market by Deployment
12.5.8.2.3 Argentina HR Analytics Market by Enterprise Size
12.5.8.2.4 Argentina HR Analytics Market by Application
12.5.8.2.5 Argentina HR Analytics Market by Industry Vertical
12.5.8.3 Rest of South and Central America HR Analytics Market
12.5.8.3.1 Rest of South and Central America HR Analytics Market by Component
12.5.8.3.2 Rest of South and Central America HR Analytics Market by Deployment
12.5.8.3.3 Rest of South and Central America HR Analytics Market by Enterprise Size
12.5.8.3.4 Rest of South and Central America HR Analytics Market by Application
12.5.8.3.5 Rest of South and Central America HR Analytics Market by Industry Vertical
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. HR ANALYTICS MARKET, KEY COMPANY PROFILES
14.1. INFOR
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. MICROSTRATEGY INCORPORATED
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. SAGE PEOPLE LIMITED
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. ORACLE CORPORATION
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. SAP SE
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. SISENSE INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. TABLEAU SOFTWARE
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. TALENTSOFT
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. VISIER INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. ZOHO CORPORATION PVT. LTD.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies
1. Infor
2. MicroStrategy Incorporated
3. Sage People Limited
4. Oracle Corporation
5. SAP SE
6. Sisense Inc.
7. Tableau Software
8. Talentsoft
9. Visier Inc.
10. Zoho Corporation Pvt. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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