Workforce Analytics Market to Grow at CAGR of 15.3% to 2020 with North America Holding Largest Share

The global workforce analytics market stands at USD 422.5 Million in 2015, and is expected to grow at a CAGR of 15.3% during 2015-2020. Emerging factors such as increasing usage of smartphones, internet, and increasing mobility is driving the workforce management market.

Complete report on workforce analytics market spread across 164 pages, profiling 12 companies and supported with 125 tables and 51 figures is now available at .

The workforce analytics market size is estimated to grow from USD 422.5 million in 2015 to USD 860.4 million by 2020, at a Compound Annual Growth Rate (CAGR) of 15.3% from 2015 to 2020. The workforce analytics market is driven by factors such as the need to address the increasing challenges due to shrinking skilled workforce, the growing Bring Your Own Device (BYOD) trend among organizations, and the changing work dynamics.

The workforce analytics solutions are estimated to have greater demand in the enterprise segment during the forecast period. The demand for consulting services could see a tremendous growth due to the changing work dynamics and variations in the global governmental labor regulations. The workforce analytics market is also projected to witness growth in the retail, healthcare, and energy & utilities verticals, with the Banking, Financial Services, and Insurance (BFSI) vertical contributing the largest market share during the forecast period. North America is expected to witness a larger market share of the market by 2020. Europe and Asia-Pacific regions are expected to grow at a rapid pace in the market due to volatility in the government policies and dynamic pool of skilled workforce.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key opinion leaders. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (60%), Director Level (25%) and others (15%) from various key organizations operating in the workforce analytics marketplace. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (40%), and Row (30%).

Due to rise in the demand for integrated workforce analytics solutions and increasing adoption of cloud-based solutions, the workforce analytics market is likely to find a huge opportunity to proliferate in the next five years.

The various key workforce analytics vendors profiled in this report such as ADP, IBM, Oracle, SAP SE, Tableau, Cornerstone on Demand, WorkDay, Kronos, Visier and WorkForce Solutions. Get a discount on copy of Workforce Analytics Market by Solution, by Service (Consulting Services, System Integration, Managed Services), by Deployment, by Organization Size, by Vertical, by Region – Global Forecast and Analysis to 2020 research report at .

 This report segments the workforce analytics market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across different verticals and regions. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities. This report will help stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions in the worldwide workforce analytics market.

Continuing with related market, another research tiled Text Analytics Market Global Forecast to 2020 says, the text analytics market size is estimated to grow from USD 2.65 billion in 2015 to USD 5.93 billion by2020, at a CAGR of 17.5%. Emergence of multilingual text analytics to break the language barrier and an increase in industry-specific text analytics applications are among the factors driving the text analytics market. Companies like IBM, SAP, SAS, Clarabridge, Attensity, Lexalytics, Basis Technology Corporation, OpenText, RapidMiner, Angoss have been profiled in this 155 pages research available at .

About Us: is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Media Contact
Company Name:
Contact Person: Ritesh Tiwari
Phone: +1 888 391 5441
Address:UNIT No 802, Tower no. 7, SEZ Magarpatta city, Hadapsar
City: Pune
State: Maharashtra
Country: India