Market Synopsis:
The development of the work culture has led to the need to improve the handling of human resources, which is estimated to enhance the workforce analytics market share in the impending period. The development of diversity in the way the workforce functions is estimated further to improve the growth of the workforce analytics market.
The need to optimize the human capital of firms is boosting the Workforce Analytics Market. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. The workforce analytics market is expected to reach approximately USD 7.9 billion by the end of 2030 with a 14.20% CAGR during the forecasted period from 2022 – 2030.
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Competitive Outlook:
The prominent contenders in the workforce analytics market are Cornerstone OnDemand Inc (U.S.), Kronos Inc (U.S.), PeopleSreme Pty. Ltd (Australia), SAP SE (Germany), Acquire, Inc (U.S.), Tableau Software (U.S.), ADP LLC (U.S.), Tower Watson Co (U.S.), Visier Inc (Canada), Oracle Corporation (U.S.), Workday Inc (U.S.), Workforce Software, LLC (U.S.), Genpact Ltd (Bermuda), IBM Corporation (U.S.) among others.
Segmentation:
The segmental study of the workforce analytics market is segmented into deployment, organization size, type, industry vertical, and region. Based on the organization size, the workforce analytics market is segmented into large and SME’s. Based on type, the workforce analytics market is bifurcated into solutions and services. Based on deployment, the workforce analytics market is segmented into on-cloud and on-premises. Based on industry vertical, the workforce analytics market is segmented into insurance, retail, banking, logistics, healthcare, government, and manufacturing. Based on the Regions, the workforce analytics market is segmented into Europe, North America, Asia Pacific, and other regions.
Regional Analysis:
The regional review of the workforce analytics is segmented into Europe, North America, Asia Pacific, and other regions. The North American region is principal the market in the workforce analytics majorly owing to the incidence of several vendors. Also, the boost in the initial adoption of cloud-based workforce analytics by the U.S and Canadian companies, coupled with the transfer towards software as a service in cloud-based workforce analytics is estimated to benefit market expansion.
Industry News:
The global Workforce Analytics Industry has been affected due to the lockdown across the regions. This pandemic situation has hampered the Workforce Analytics Industry as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others.
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