Workforce Analytics Market

Workforce Analytics Market by Type (Solutions and Services [Consulting Services, System Integration Services, and Managed Services]), Deployment Type (Public Cloud and Private Cloud), Organization Sizes (Large Enterprise and Small & Medium-sized Enterprise), Verticals (BFSI, Energy & Utilities, Government & Public Sector, Retail, Healthcare, Telecom & IT, Travel & Hospitality, Manufacturing, and Others), and Regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4568
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 176
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The workforce analytics market size was valued at USD 885.63 USD million in 2020 and is projected to surpass USD 2238.18 million by 2028. The market is projected to expand at a high CAGR during the forecast period, from 2021 to 2028.

Workforce Analytics Market key takeaways

Workforce analytics is a statistical tool for analyzing workforce and employee-related behavioral analysis in an organization. Workforce analytics is an integration of big data analytics with other statistical methods to measure and maintain operational and human resource management in an organization. It is used for measuring the behavior of employees and analyzing them by using statistical methods and software to improve business performance.

Benefits of workforce analytics include empowerment of managers within the organization, strengthen the team spirit, and improve organizational values. For managers it offers various advantages such as hiring decisions, identify and quantify work accident risks, measures future workforce needs, and optimize employee experience. Workforce analytics is a combination of methodology and software that utilizes statistical models worker-related data allowing the optimization of human resources in an organization.

Market Dynamics:

  • Enterprises are focusing on advance people analytics management systems including the workforce analytics due to the requirement for speed, unity, and innovation.
  • Companies are seeking to improve collaboration across various departments within the organization to increase innovative ideas into their products and services, thus fueling the adoption of workforce analytics.
  • The deployment of workforce analytics across enterprises is likely to fuel the market during the forecast period.
  • Various industries such as healthcare and retail use AI-based workforce analytics for several benefits such as human bias, improvement in efficiency, and employee assessment, thus propelling the market.
  • Workforce analytics is employed for predictive decision making abilities so that decisions can be made easily. Improvements in AI-based workforce analytics increase the productivity of an organization and create a positive environment. This, in turn, fuels the workforce analytics market.
  • Lack of information and high cost of deployment discourage small enterprises form adopting workforce analytics, which in turn, hampers the market.
  • Rising use of workforce analytics systems in the banking, financial services and insurance sector is creating opportunities in the market.

Scope Of The Report:

The report on the global workforce analytics market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Workforce Analytics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2020

Forecast Period

2021-2027

Segmentation

Type (Solutions and Services [Consulting Services, System Integration Services, and Managed Services]), Deployment Type (Public Cloud and Private Cloud), Organization Sizes (Large Enterprise and Small & Medium-sized Enterprise), Verticals (BFSI, Energy & Utilities, Government & Public Sector, Retail, Healthcare, Telecom & IT, Travel & Hospitality, Manufacturing, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

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

 

Workforce Analytics Segment Insights:

Based on type, the market is bifurcated into solutions and services. The services segment dominates the market. The services segment offers the services such as consulting services, system integration services, and managed services.

Workforce Analytics Market by taxonomy


In terms of deployment type, the workforce analytics market is classified as public cloud and private cloud. The public cloud segment generates major revenue due to high adoption of technology such as artificial intelligence and cloud based systems by companies.

On the basis of organization size, the market is fragmented into large enterprise and small & medium-sized enterprise. The large enterprise segment dominated the workforce analytics market in 2020 and is projected to remain dominant during the forecast period, owning to the use of workforce analytics in large enterprises to analyze employee data for or achieving organizational goals. The small & medium-sized enterprise segment is expected to grow at a significant CAGR during the forecast period due to rising adoption of workforce analytics by of small and medium enterprises for increasing the operational efficiency.

Based on verticals, the workforce analytics market is classified as BFSI, energy & utilities, government & public sector, retail, healthcare, telecom & IT, travel & hospitality, and manufacturing. The BFSI sector dominated the market in 2020 and this trend is projected to continue during the forecast period, owning to the increase its demand for workforce from this sector. The retail segment is estimated to expand at a significant CAGR during the forecast period due to the growing need to enhance employee skills in the retail industry.

In terms of regions, the global workforce analytics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the global market due to high rate of adoption of technologies such as cloud system, artificial intelligence, big data, and analytics tools, in the region. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period due to rising adoption of new technology to improve employee productivity and performance by organizations and small businesses.

Workforce Analytics Market by regions

Segments

  • By Type
    • Solutions
    • Services
      • Consulting Services
      • System Integration Services
      • Managed Services
  • By Deployment Type
    • Public Cloud
    • Private Cloud
  • By Organization Sizes
    • Large Enterprise
    • Small & Medium-sized Enterprise
  • By Verticals
    • BFSI
    • Energy & Utilities
    • Government & Public Sector
    • Retail
    • Healthcare
    • Telecom & IT
    • Travel & Hospitality
    • Manufacturing
    • Others
  • By Regions
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America
By Key Players
  • Aquire, Inc
  • Genpact Ltd.
  • Kronos, Inc.
  • Oracle Corporation
  • PeopleStreme Pty. Ltd.
  • SAP SuccessFactors
  • Tableau Software, Inc.
  • Towers Watson and Co.
  • Visier, Inc.
  • Workday, Inc.

Competitive Landscape

Key players in the global workforce analytics market include Aquire, Inc, Genpact Ltd., Kronos, Inc., Oracle Corporation, PeopleStreme Pty. Ltd., SAP SuccessFactors, Tableau Software, Inc., Towers Watson and Co., Visier, Inc., and Workday, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Workforce Analytics Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Workforce Analytics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Workforce Analytics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Workforce Analytics Market - Supply Chain
  4.5. Global Workforce Analytics Market Forecast
     4.5.1. Workforce Analytics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Workforce Analytics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Workforce Analytics Market Absolute $ Opportunity
5. Global Workforce Analytics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Workforce Analytics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Workforce Analytics Demand Share Forecast, 2019-2026
6. North America Workforce Analytics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Workforce Analytics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Workforce Analytics Demand Share Forecast, 2019-2026
7. Latin America Workforce Analytics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Workforce Analytics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Workforce Analytics Demand Share Forecast, 2019-2026
8. Europe Workforce Analytics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Workforce Analytics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Workforce Analytics Demand Share Forecast, 2019-2026
9. Asia Pacific Workforce Analytics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Workforce Analytics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Workforce Analytics Demand Share Forecast, 2019-2026
10. Middle East & Africa Workforce Analytics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Workforce Analytics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Workforce Analytics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Workforce Analytics Market: Market Share Analysis
  11.2. Workforce Analytics Distributors and Customers
  11.3. Workforce Analytics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Aquire, Inc
     11.4.2. Genpact Ltd.
     11.4.3. Kronos, Inc.
     11.4.4. Oracle Corporation
     11.4.5. PeopleStreme Pty. Ltd.
     11.4.6. SAP SuccessFactors
     11.4.7. Tableau Software, Inc.
     11.4.8. Towers Watso
  • By Type
    • Solutions
    • Services
      • Consulting Services
      • System Integration Services
      • Managed Services
  • By Deployment Type
    • Public Cloud
    • Private Cloud
  • By Organization Sizes
    • Large Enterprise
    • Small & Medium-sized Enterprise
  • By Verticals
    • BFSI
    • Energy & Utilities
    • Government & Public Sector
    • Retail
    • Healthcare
    • Telecom & IT
    • Travel & Hospitality
    • Manufacturing
    • Others
  • By Regions
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America
By Key Players
  • Aquire, Inc
  • Genpact Ltd.
  • Kronos, Inc.
  • Oracle Corporation
  • PeopleStreme Pty. Ltd.
  • SAP SuccessFactors
  • Tableau Software, Inc.
  • Towers Watson and Co.
  • Visier, Inc.
  • Workday, Inc.

Key players in the global workforce analytics market include Aquire, Inc, Genpact Ltd., Kronos, Inc., Oracle Corporation, PeopleStreme Pty. Ltd., SAP SuccessFactors, Tableau Software, Inc., Towers Watson and Co., Visier, Inc., and Workday, Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Workforce Analytics Market by key players

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