Workforce Analytics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Workforce analytics is a statistical tool for analytics that emphasizes on workforce and other employee-related behavioral analysis. Workforce analytics is an integration of big data analytics with other statistical methods to measure and maintain operational and human resource management. It is an approach of measuring behaviors of employees & candidates and analyzing them by using statistical methods & software to improve business performance. Benefits of workforce analytics include - empowerment of managers within the organization, strengthens the team spirit, and organizational values..

MARKET SCOPE

The "Global Workforce Analytics Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the workforce analytics market with detailed market segmentation by type, deployment type, industry vertical and geography. The report provides key statistics on the market status of the leading workforce analytics market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type, the global workforce analytics market is segmented into services, solutions
  
•   On the basis of deployment type, the market is segmented into cloud based, on-premises
  
•   Based on industry vertical, the market is bifurcated into IT and telecom, retail, manufacturing, healthcare and research, bfsi, education, media and entertainment, travel and hospitality
  

MARKET DYNAMICS
Drivers:

•   Massive Amount of Data Deluge in Hr Departments.
  
•   Increasing Need to Make Smarter Decisions About the Talent.
  

Restraints:

•   Lack of Awareness and Resistance to Change
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The workforce analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the workforce analytics market in these regions.

IMPACT OF COVID-19 ON WORKFORCE ANALYTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Workforce Analytics Market Report Analysis

Workforce Analytics Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Aquire, Inc
• Genpact Ltd.
• Kronos, Inc.
• Oracle Corporation
• PeopleStreme Pty. Ltd.
• SAP SuccessFactors
• Tableau Software, Inc.
• Towers Watson and Co.
• Visier, Inc.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Services
• Solutions

By Deployment Type

• Cloud Based
• On-Premises

By Industry Vertical

• IT and Telecom
• Retail
• Manufacturing
• Healthcare and Research
• BFSI
• Education
• Media and Entertainment
• Travel and Hospitality

MARKET PLAYERS

The report covers key developments in the workforce analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from workforce analytics market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the workforce analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Aquire, Inc
  
•   Genpact Ltd.
  
•   Kronos, Inc.
  
•   Oracle Corporation
  
•   PeopleStreme Pty. Ltd.
  
•   SAP SuccessFactors
  
•   Tableau Software, Inc.
  
•   Towers Watson and Co.
  
•   Visier, Inc.
  
•   Workday, Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Workforce Analytics Market Report Scope