The global workforce analytics market is showing immense growth; mainly due to the changing work dynamics and increasing need to make better decisions regarding talent. Growing need for developing and improving the methods of recruiting in organizations in order to efficiently optimize the human resource management is one major factor driving the growth of workforce analytics market. The dynamic change in the working culture and growing need for analytics software are other major factors driving the growth of workforce analytics market.
The market for workforce analytics is segmented by type, deployment, organization size, industry vertical and by region. On the basis of type, it is divided into solutions and services.
Services are further bifurcated as consulting service, system integration service, and managed services. The services segment is dominating the market for workforce analytics by type due to changing workforce and labor challenges that are faced by the enterprises globally. Also, due to the changing work dynamics and different governmental labor rules and regulations, the demand for consulting services is growing and is expected to grow significantly in the forecasted period. The segmentation is also done on the basis of deployment.
Under deployment, the cloud-based workforce analytics is leading segment in Workforce Analytics Market majorly due to ease of implementation and user-friendly environmental features. The market is also divided into large organizations and SME’s under organization size for the industry verticals like banking, insurance, government, retail, and logistics, healthcare and manufacturing.
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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.)
January 2018 – ADP LLC has acquired WorkMarket. The latter company is a start-up and specializes in workforce management software which operates across a various range of employees and contractors. The company aims in providing a software helps in creating a kind of unified interface for managing workforce which can include a variety of workers with different employment status.
March 2018 – Cornerstone OnDemand has partnered with Institute for the future to forecast the skills required to navigate the future. The former company is considered to be a global leader in cloud-based learning and human capital management software.
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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