Global Workforce Analytics Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Workforce analytics Market By Type, organization size, deployment method and Vertical Industry: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Workforce analytics Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the Workforce analytics Market, and is expected to maintain this trend throughout the forecast period.
Workforce analytics is a combination of software and methodology. It applies statistical models to worker-related data which further allows enterprise leaders to optimize human resource management (HRM).
For comprehensive workforce performance measurement and improvement, Workforce analytics is an advanced set of data analysis tools and metrics. Workforce analytics analyses the, Accession rate, add rate, compensation and benefits, cost per hire, offer acceptance rate, personnel, recruitment, replacement rate, retention rate, staffing, time to fill, time to start and training and development.
HR departments need to manage huge amount of data and to use that data effectively and efficiently HRD needs tools like workforce e analysis. Need of managing data, need of making smarter decision about human resource, and fluctuations in work cultures are acting as growth drivers for Workforce Analytics Market.
Global Workforce Analytics market has been segmented majorly on the basis of Type (solutions and services), organization size, (small and medium sized enterprise and large enterprise), deployment method (public and private cloud) & Vertical (BFSI, energy and utilities, government and public sectors, healthcare, manufacturing, retail, telecom and IT and others).
In terms of geography market is divided into North America, Europe, Asia-Pacific and LAMEA. North America is clear leader in this market. North America is technological advanced and developed region and has many global companies that are engaged in analytics.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Workforce analytics Market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: ADP LLC, Genpact Ltd., IBM Corporation, Cornerstone Ondemand, Kronos Inc., Oracle Corporation, PeopleSreme Pty. Ltd., SAP Se, Tableau Software, and Workday, Inc.
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