Workforce Analytics Market Size, Share, Report, Growth, Analysis, Price, Trends, Key Players and Forecast Period 2023-2028

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The ‘Global Workforce Analytics Market Size, Share, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global workforce analytics market, assessing the market on the basis of its segments like component types, deployment modes, organisation sizes, end use industries, and major regions.

Workforce Analytics Market Size, Share, Price Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

  • Forecast CAGR (2023-2028): 14.2%
Report AttributeDetails
Historical Period2018-2022
Forecast Period2023-2028
Base Year2022
Growth Rate CAGR14.2%
Major PlayersVisier, Inc., UKG Inc., Workday, Inc., SAP SE, ADP, LLC., SAS Institute Inc., Microsoft Corporation,
Anaplan, Inc., Oracle Corporation, Paycom Payroll LLC and among others.

Workforce analytics is witnessing a heightened demand across various organisations owing to the speed, efficiency, and superior decision making offered by these services, driving the market growth. Workforce analytics performs numerous operations such as analysing the success rate of an employee, managing positions and departments, identifying potential threats, and assigning goals and tasks, among others. The growing expansion of enterprises, across strong moving economies, is accelerating the workforce analytics market.

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The increasing automation across industries such as automotive, healthcare, and government, among others, are accelerating the incorporation of workforce analytics services. For instance, workforce analytics improves the quality of patient care with minimal interference of humans in the healthcare industry. It also optimises the selection process of highly qualified and well-skilled staff which further increases the advantages offered by workforce analytics.

Over the forecast period, the increasing adoption of cloud-based services by enterprises, owing to greater efficiency, cost-savings, and enhanced speed, is expected to expand the workforce analytics market opportunities.

Workforce Analytics Industry Definition and Major Segments

Workforce analytics is a method of optimising human resource management. It is an integral part of various HR operations such as staffing, recruiting, and managing workforces, among others. In workforce analytics, a collaboration between software and methodology takes place which improves the efficiency of various human resource processes.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/workforce-analytics-market

Based on component type, the market can be segmented into:

  • Service
  • Solution

On the basis of deployment mode, the market has been classified into:

  • Cloud
  • On-Premise

By organisation size, the market has been divided into:

  • Large Enterprises
  • Small and Medium Enterprises

On the basis end use industry, the market is segmented into:

  • Banking, Financial Services, and Insurance (BSFI)
  • Manufacturing
  • Healthcare
  • Government
  • Retail
  • IT and Telecom
  • Education
  • Others

On the basis of region, the market can be categorised into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Workforce Analytics Market Trends

The key trends in the global workforce analytics market include the technical upgradations and improvements in cloud-based workforce analytics software, which are escalating the demand for workforce analytics services across highly demanding industries. In addition, the increasing penetration of artificial intelligence (AI) and machine learning (ML) is another crucial trend which is augmenting the workforce analytics infrastructure.

Technological advancements across the manufacturing sector are key trends in the market, accelerating the demand for workforce analytics software and services to improve the operational efficiency, further fuelling the workforce analytics market growth.

In terms of regions, Asia Pacific occupies a sizable share in the market, which is being driven by the favourable policies by various governments across the emerging economies, encouraging automation across industries. Moreover, the strong presence of software service providers in this region is likely to provide impetus to the market in the coming years.

Key Market Players

The major players in the workforce analytics market report are Visier, Inc., UKG Inc., Workday, Inc., SAP SE, ADP, LLC., SAS Institute Inc., Microsoft Corporation, Anaplan, Inc., Oracle Corporation, and Paycom Payroll LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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