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Workforce Analytics Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Oct 01, 2024
Length 150 Pages
SKU # FOB19224308

Description

Workforce Analytics Market



Growth Factors of Workforce Analytics Market

The workforce analytics market size was valued at USD 1.81 billion in 2023, and the market is now projected to grow from USD 2.07 billion in 2024 to USD 6.04 billion by 2032, exhibiting a CAGR of 14.3% during the forecast period of 2024-2032.

Workforce analytics was overall positively impacted by the COVID-19 pandemic as many companies switched to working remotely. This change created the need to develop and apply the workforce analytics for handling remote employees. Organizations required information on how their employees are performing, and the level of their interaction while working remotely. Consequently, demand for improving workforce management using data analytics was challenging for organizations during and post the pandemic.

Workforce analytics is used to improve the human capital management solutions by using statistical and data techniques to review the organizational performance, engagement, and turnover. The market has recently developed because of the abundance of data and development in technologies like ML & AI. Such technologies help organizations gather extensive data regarding its employees and with the help of modern analytical tools, come up with right decisions regarding its workforce strategies. Therefore, workforce analytics has become mainstream enabling business to improve on talent management and organizational performance.

Several factors have contributed to the growth of the market for workforce analytics such as; the use of data for strategic planning for the workforce and the search for competitive advantage in the market. Corporate have begun to realize the need to look for long term solutions to labor problems and work force commitment. These trends demonstrate how information-generated approaches are becoming essential elements for proactive workforce management and organizational performance improvement. With executives seeking to do more with less, workforce analytics has assumed an important role in the business environment.

Comprehensive Analysis of Workforce Analytics Market

The workforce analytics market growth is also increasing exponentially because of the segmentation of its market. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by deployment analysis, by enterprise type analysis, and by end-use analysis. By deployment analysis incudes cloud and on-premise. By enterprise type analysis incudes large enterprises and small & medium enterprises. By end-use analysis incudes Healthcare, IT & Telecommunication, BFSI, Manufacturing, Retail, Food & Beverages, Government, Others (Media & Entertainment, Education).

The North America region lead the workforce analytics market share by benefitting a market size of USD 0.73 billion in 2023 due to advanced technological infrastructure.

Top players in the market have their responsibility of information & communication technology industrial prospectus growth of the retailing industry and the markets. These players include, ADP, Inc., Cornerstone OnDemand, Inc., IBM Corporation, Kronos Incorporated, SAP SE, Workday, Inc., WorkForce Software, LLC, Visier, Inc., Oracle Corporation, TriNet Group, Inc. these market players provide a level-playing competitive landscape.

In June 2023, Sapience Analytics partnered with QuantumWork Advisory (QWA) to transform how companies manage external labor spending using data analytics and strategic workforce design.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 14.3% over 2024 to 2032

Unit Value (USD Billion)

Segmentation By Deployment
  • Cloud
  • On-premise
By Enterprise Type
  • Large Enterprises
  • Small & Medium Enterprises
By End-user
  • Healthcare
  • IT & Telecommunication
  • BFSI
  • Manufacturing
  • Retail
  • Food & Beverages
  • Government
  • Others (Media & Entertainment, Education)
By Region
  • North America (By Deployment, By Enterprise Type, By End-user, and By Country)
  • U.S. (End-user)
  • Canada (End-user)
  • Mexico (End-user)
  • South America (By Deployment, By Enterprise Type, By End-user, and By Country)
  • Brazil (End-user)
  • Argentina (End-user)
  • Rest of South America
  • Europe (By Deployment, By Enterprise Type, By End-user, and By Country)
  • U.K. (End-user)
  • Germany (End-user)
  • France (End-user)
  • Italy (End-user)
  • Spain (End-user)
  • Russia (End-user)
  • Benelux (End-user)
  • Nordics (End-user)
  • Rest of Europe
  • Middle East & Africa (By Deployment, By Enterprise Type, By End-user, and By Country)
  • Turkey (End-user)
  • Israel (End-user)
  • GCC (End-user)
  • North Africa (End-user)
  • South Africa (End-user)
  • Rest of Middle East & Africa
  • Asia Pacific (By Deployment, By Enterprise Type, By End-user, and By Country)
  • China (End-user)
  • India (End-user)
  • Japan (End-user)
  • South Korea (End-user)
  • ASEAN (End-user)
  • Oceania (End-user)
  • Rest of Asia Pacific


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Table of Contents

150 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Workforce Analytics Key Players Market Share/Ranking, 2023
5. Global Workforce Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Deployment (USD)
5.2.1. Cloud
5.2.2. On-premise
5.3. By Enterprise Type (USD)
5.3.1. Large Enterprises
5.3.2. Small & Medium Enterprises
5.4. By End-user (USD)
5.4.1. Healthcare
5.4.2. IT & Telecommunication
5.4.3. BFSI
5.4.4. Manufacturing
5.4.5. Retail
5.4.6. Food & Beverages
5.4.7. Government
5.4.8. Others (Media & Entertainment, Education, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. South America
5.5.3. Europe
5.5.4. Middle East & Africa
5.5.5. Asia Pacific
6. North America Workforce Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Deployment (USD)
6.2.1. Cloud
6.2.2. On-premise
6.3. By Enterprise Type (USD)
6.3.1. Large Enterprises
6.3.2. Small & Medium Enterprises
6.4. By End-user (USD)
6.4.1. Healthcare
6.4.2. IT & Telecommunication
6.4.3. BFSI
6.4.4. Manufacturing
6.4.5. Retail
6.4.6. Food & Beverages
6.4.7. Government
6.4.8. Others (Media & Entertainment, Education, etc.)
6.5. By Country (USD)
6.5.1. United States
6.5.1.1. End-user
6.5.2. Canada
6.5.2.1. End-user
6.5.3. Mexico
6.5.3.1. End-user
7. South America Workforce Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Deployment (USD)
7.2.1. Cloud
7.2.2. On-premise
7.3. By Enterprise Type (USD)
7.3.1. Large Enterprises
7.3.2. Small & Medium Enterprises
7.4. By End-user (USD)
7.4.1. Healthcare
7.4.2. IT & Telecommunication
7.4.3. BFSI
7.4.4. Manufacturing
7.4.5. Retail
7.4.6. Food & Beverages
7.4.7. Government
7.4.8. Others (Media & Entertainment, Education, etc.)
7.5. By Country (USD)
7.5.1. Brazil
7.5.1.1. End-user
7.5.2. Argentina
7.5.2.1. End-user
7.5.3. Rest of South America
8. Europe Workforce Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Deployment (USD)
8.2.1. Cloud
8.2.2. On-premise
8.3. By Enterprise Type (USD)
8.3.1. Large Enterprises
8.3.2. Small & Medium Enterprises
8.4. By End-user (USD)
8.4.1. Healthcare
8.4.2. IT & Telecommunication
8.4.3. BFSI
8.4.4. Manufacturing
8.4.5. Retail
8.4.6. Food & Beverages
8.4.7. Government
8.4.8. Others (Media & Entertainment, Education, etc.)
8.5. By Country (USD)
8.5.1. United Kingdom
8.5.1.1. End-user
8.5.2. Germany
8.5.2.1. End-user
8.5.3. France
8.5.3.1. End-user
8.5.4. Italy
8.5.4.1. End-user
8.5.5. Spain
8.5.5.1. End-user
8.5.6. Russia
8.5.6.1. End-user
8.5.7. Benelux
8.5.7.1. End-user
8.5.8. Nordics
8.5.8.1. End-user
8.5.9. Rest of Europe
9. Middle East & Africa Workforce Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Deployment (USD)
9.2.1. Cloud
9.2.2. On-premise
9.3. By Enterprise Type (USD)
9.3.1. Large Enterprises
9.3.2. Small & Medium Enterprises
9.4. By End-user (USD)
9.4.1. Healthcare
9.4.2. IT & Telecommunication
9.4.3. BFSI
9.4.4. Manufacturing
9.4.5. Retail
9.4.6. Food & Beverages
9.4.7. Government
9.4.8. Others (Media & Entertainment, Education, etc.)
9.5. By Country (USD)
9.5.1. Turkey
9.5.1.1. End-user
9.5.2. Israel
9.5.2.1. End-user
9.5.3. GCC
9.5.3.1. End-user
9.5.4. North Africa
9.5.4.1. End-user
9.5.5. South Africa
9.5.5.1. End-user
9.5.6. Rest of MEA
10. Asia Pacific Workforce Analytics Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Deployment (USD)
10.2.1. Cloud
10.2.2. On-premise
10.3. By Enterprise Type (USD)
10.3.1. Large Enterprises
10.3.2. Small & Medium Enterprises
10.4. By End-user (USD)
10.4.1. Healthcare
10.4.2. IT & Telecommunication
10.4.3. BFSI
10.4.4. Manufacturing
10.4.5. Retail
10.4.6. Food & Beverages
10.4.7. Government
10.4.8. Others (Media & Entertainment, Education, etc.)
10.5. By Country (USD)
10.5.1. China
10.5.1.1. End-user
10.5.2. India
10.5.2.1. End-user
10.5.3. Japan
10.5.3.1. End-user
10.5.4. South Korea
10.5.4.1. End-user
10.5.5. ASEAN
10.5.5.1. End-user
10.5.6. Oceania
10.5.6.1. End-user
10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. ADP, Inc.
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Cornerstone OnDemand, Inc.
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. IBM Corporation
11.3.1. Overview
11.3.1.1. Key Management
11.3.1.2. Headquarters
11.3.1.3. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. SAP SE
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. Workday, Inc.
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. WorkForce Software, LLC
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. TriNet Group, Inc.
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Kronos Incorporated
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Genpact
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Oracle Corporation
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments

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