Workforce Analytics Market Research Report

Workforce Analytics Market:

Growth opportunities in the Workforce Analytics Market look promising over the next six years. This is mainly due to the assistance to make better hiring decisions by predicting candidate success and the rising business contention.

Request for a FREE Sample Report on Workforce Analytics Market

Workforce Analytics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Several drivers responsible for the growth of the global workforce analytics market include the significant acquisition of the analytics software to manage an immense volume of data concerned with human capital to raise the profitability of the organization, the increasing requirement for a proficient workforce, along with the growing complications of talent management, and swift industrialization.  Also, these solutions help to make enhanced hiring decisions by anticipating candidate success, analyzing the future need of the workforce, maximizing the employee experience, identifying and quantifying work accident probability, and restricting talent from quitting jobs by foreseeing employee turnover. This is likely to stimulate market growth.

Additionally, the expanding business competition and the augmenting demand to bring out improved criteria for the hiring process will further strengthen the market size. Moreover, the integration of advanced technologies such as cloud computing platforms, artificial intelligence, data analytics tools, and machine learning and provides automation in assembling and consolidating consumer data across enormous systems into one platform to generate insights efficiently, which will propel the market growth.

However, insufficient apprehension related to the workforce analytics tools and resilience to modify the conventional workforce management methods will hamper the market growth. Furthermore, excessive deployment expenditure and increasing concerns related to data privacy further curb the workforce analytics market share.

End-User Segment Drivers

Based on end-user, retail is predicted to witness a higher CAGR during the forecast period. This is primarily attributed to the extending incorporation of a workforce analytics platform in the retail industry to ensure optimized distribution of human resources with minimal operational cost. Additionally, workforce analytics helps in admission, staffing, training and development, personnel, and compensation and advantages, which is paving the way for market growth.

Workforce Analytics Market’s leading Manufacturers:

  • Splash Business Intelligence Inc.
  • Visier, Inc.
  • Genpact Limited
  • SAP SE
  • International Business Machines Corporation
  • Sisense Inc.
  • Kronos Incorporated
  • Tableau Software, LLC
  • Oracle Corporation
  • ADP, Inc.

Workforce Analytics Market Segmentation:

Segmentation by Component

  • Solutions
  • Talent Acquisition and Development Optimization Services
  • Pay Roll and Monitoring
  • Service
  • Professional Services
  • Managed Services

Segmentation by Deployment

  • On-cloud
  • On-premises

Segmentation by Organization Size

  • Small- and Medium-Sized Enterprises
  • Large Enterprises

Segmentation by End-Use Industry

  • Banking, Financial Services, and Insurance (BFSI)
  • Manufacturing
  • IT & Telecom
  • Healthcare
  • Retail
  • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Comments

Post a Comment

Popular posts from this blog

Home Care Products Market is anticipated to increase at a CAGR of 3.5% till 2028

Image
 Analysis from GMI Research finds that the Home Care Products Market earned revenues of USD 95,423 million in 2020 and is expected to grow at a CAGR of 3.5% from 2021-2028. The factors driving growth of the market includes growing awareness amongst consumers about maintaining health and hygiene, expansion of the real-estate industry, rising germs, dirt, and microorganisms on the surface, increasing focus of manufacturers on developing environment friendly products and improvements in the living standards. Rise in the number of smart homes around the world, growing demand for home care products such as vacuums, window cleaner robots, and robot mops and strict regulations imposed by Governments, are some of the factors pushing the Global Home Care Products Market . Moreover, increasing availability of home care products at e-commerce platforms, growing adoption of advanced technologies by manufacturers, rise in the launch of innovative products, and rapid urbanization, are some of the a
Read more

Online Travel Market Research Report Size, Share, Growth, Forecast Report 2022-2029

Image
Online Travel Mark et Online Travel Market size was valued at USD 540.2 billion in 2021 and is forecast to reach USD 1,263.0 billion in 2029, growing at a strong CAGR of 11.2% The factors driving the growth of Online Travel Market includes expansion of Tourism industry around the world, rising penetration of internet, increasing use of social media applications for travel booking and surge in online payments. According to the report published by Statista, the Travel & Tourism Industry in India is expected to reach USD 14.92 billion by the end of 2022 and the market volume is estimated to reach USD 29.01 billion by 2026, growing at a CAGR of 18.08% over the forecast period (2022-2026), which will boost the Online Travel Market size in the approaching years. Moreover, attractive services offered by online travel agencies such as transport facilities, easy cancellation, and heavy discounts on booking room at hotel and entrance of new players in the market, are some of the additional
Read more

Call Center Artificial Intelligence (AI) Market by Component - Global Opportunities and Forecast, 2020-2027

  Global Call Center Artificial Intelligence (AI) Market The GMI Research presumes the Call Center Artificial Intelligence (AI) Market to perceive extensive growth opportunities during the forecast period. This is because of the evolving demand for superior customer services, increasing implementation of AI-supported chatbots to manage work, and growing customer involvement through different social media platforms. Request for a FREE Sample Report on Call Center Artificial Intelligence (AI) Market Introduction of the Call Center Artificial Intelligence (AI) Market Artificial intelligence (AI) refers to the transcription of human intelligence processes by instruments, primarily computer systems. In short, it is the potential of a computer-controlled robot to complete tasks linked with human intelligence. AI technologies are majorly used to perform specified activities such as speech identification, planning, problem-solving, learning, and machine vision. Call Center Artificial In
Read more