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The Workforce Analytics Market is segmented by Component Type (Solutions, Services), Deployment Type (On-cloud, On-premises), Organization Size (Small- and Medium-sized Enterprises, Large Enterprises), End User ( BFSI, Manufacturing, IT & Telecom, Healthcare, and Retail), and Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
15.64 %
The Workforce Analytics market was valued at USD 765.72 million in 2020 and is expected to reach USD 1831.13 million by 2026, at a CAGR of 15.64% over the forecast period 2021 - 2026. According to Information Services Group, 58 % of enterprises indicated that HR SaaS technology solutions were expected to improve the employer user experience globally. This creates a positive impact on the market globally.
Human capital is an asset for any organizations and to study the people data, gathering the data internally, which helps in increased productivity, increased employee satisfaction, and low employee turnover rate. With the advancements in technology and an increase in the global trade, the dynamic change in the workforce has made the management to utilize workforce analytics to optimize better the customer needs and employee workforce.
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By Component Type | ||||
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By Deployment Type | |
On-cloud | |
On-premises |
By Organization Size | |
Small- and Medium-Sized Enterprises | |
Large Enterprises |
By End-user Industry | |
Banking, Financial Services, and Insurance (BFSI) | |
Manufacturing | |
IT & Telecom | |
Healthcare | |
Retail | |
Other End-user Industries |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and Africa |
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The workforce analytics market is highly competitive. Many multinational companies such as IBM Corporation, Oracle Corporation, Accenture, and Capgemini SE are few of the major players. Rising demand for better structures for talent and recruiting functions is creating an immense opportunity among SME and Large enterprises, and thus, companies are seeing a bright future. Some of the recent developments are:
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Need to Make a Smarter a Decision About the Talent
4.3.2 Increasing Data in HR Departments related to Pay rolls, Recruitment
4.4 Market Restraints
4.4.1 Lack of Awareness About Workforce Analytics
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Component Type
5.1.1 Solutions
5.1.1.1 Talent Acquisition and Development Optimization Services
5.1.1.2 Pay Roll and Monitoring
5.1.2 Service
5.1.2.1 Professional Services
5.1.2.2 Managed Services
5.2 By Deployment Type
5.2.1 On-cloud
5.2.2 On-premises
5.3 By Organization Size
5.3.1 Small- and Medium-Sized Enterprises
5.3.2 Large Enterprises
5.4 By End-user Industry
5.4.1 Banking, Financial Services, and Insurance (BFSI)
5.4.2 Manufacturing
5.4.3 IT & Telecom
5.4.4 Healthcare
5.4.5 Retail
5.4.6 Other End-user Industries
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Automatic Data Processing, Inc
6.1.2 IBM Corporation
6.1.3 Oracle Corporation
6.1.4 Accenture Plc
6.1.5 Capgemini SE
6.1.6 Cisco Systems Inc.
6.1.7 SAP SE
6.1.8 Visier, Inc
6.1.9 Peoplestreme Pty Ltd ( Ascender)
6.1.10 SumTotal Systems, LLC ( Skillsoft Ltd)
6.1.11 Cornerstone OnDemand Inc
6.1.12 Workday, Inc
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability