Workforce analytics is a platform designed by the combination of software and algorithms implementing the statistical models to the work force related data giving the benefit to the enterprises to efficiently optimize the human resources management. The result of the workforce analytics allows the organizations to develop and improve the methods of recruiting and effectively take the hiring decisions. Additionally the analytics software help the organizations identify the new positions needs and predicting the success of the employee.
The adoption of Workforce Analytics Market from small and medium businesses and growth in demand for mobile applications are expected to drive global workforce analytics market. This proves a great benefit to the higher management in identifying the factors that influence the employee job satisfaction.
With the advancements in technology and increase in the global trade, it has made a huge impact on the work culture across the globe for different organizations resulting in the decrease of the skilled workforce. This dynamic change in the workforce has made the management to utilize the workforce analytics to better optimize the customer needs and employee workforce. The factors that restrain the growth of the workforce analytics market is lack of awareness in modern workforce analytics.
According to Market Research Future, the Global Workforce Analytics Market has been segmented into Type, deployment, Organization Size, Industry Vertical and region.
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Major Key Players:
- ADP LLC (U.S.),
- Aquire, Inc (U.S.)
- Cornerstone OnDemand Inc (U.S.)
- Genpact Ltd (Bermuda)
- IBM Corporation (U.S.)
- Kronos Inc (U.S.)
- Oracle Corporation (U.S.)
- PeopleSreme Pty. Ltd (Australia)
- SAP SE (Germany)
- Tableau Software (U.S.)
- Tower Watson & Co (U.S.)
- Visier Inc (Canada)
- Workday Inc (U.S.)
- WorkForce Software, LLC (U.S.)
On the basis of region, the market for workforce analytics is divided into North America, Europe, Asia pacific and rest of the world. North America region is leading the market in workforce analytics majorly due to the presence of big and large number of vendors. Also Increase in the early adoption of cloud – based workforce analytics from U.S and Canadian companies with the shift towards software as a service in cloud-based workforce analytics. Following North America is Europe and Asia pacific.
Increase in infrastructure and awareness of benefits of workforce analytics across the Asia Pacific regions are expected to grow the market during the forecast period. India, China, and Japan these are the countries have the highest market share of workforce analytics market. Rapid economic development in the region, increasing citizen prosperity is playing a key role in the growth of this market.
Various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. The leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
For the purpose of this study, Market Research Future has segmented the market of workforce analytics into type, deployment, organization size, industry vertical and region.
- On Premise
- On Cloud
- North America
- Asia pacific
- Rest of the world.
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- Storage providers
- Network providers
- Banking Institutions
- Insurance providers
- Higher management
- Research firms
- Software investors
- Software Developers
- Software Testers
- Analytics solutions providers
- IT enablers
- Database solutions
- Cloud providers
- Insurance companies
- Telecommunication companies
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research objective
1.3 Market Structure
2 Research Methodology
2.1 Research Workforce Analytics
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 Workforce Analytics Market, By Type
Table 2 Workforce Analytics Market, By Deployment
Table 3 Workforce Analytics Market, By Organization Size
List of Figures
Figure 1 Research Type
Figure 2 Workforce Analytics Market, By Type (%)
Figure 3 Workforce Analytics Market, By Deployment (%)
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