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Global “Workforce Analytics” Industry Analysis, Size, Share, Growth 2023

"Workforce Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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The ever-increasing business competitiveness has developed a new demand for analyzing the workforce and bring-out better business outcomes. Workforce analytics are the set of tools which are used to analyze the performance of the employees/workers in an organization. These tools and metrics are ideal in analyzing staffing, training & development, cost per hire, retention rate and all similar workforce related parameters which allow enterprise leaders to optimize their human resources.The recent trends in workforce analytics shows that the rising need for effective return on investment (ROI) andto mitigate company’s overall investmentsis leading to the adoption of workforce analytics tools in the organizations.
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Workforce analytics market is segmented on the basis of type, deployment and end-use industry. On the basis type, work force analytics market is further segmented into solutions and services. Workforce analytics solutions are the software tool which help an organization to manage its workforce. While, theservices are the parallel business consulting, implementation of solutions and expert opinions which are provided to an organizations post deployment of the workforce analytics tools.On the basis of deployment type, work force analytics market is further segmented into on-premise and cloud-based. An on–premise workforce analytics tool allows organization to set-up the infrastructure inside the company’s premises. Whereas, cloud-based workforce analytics require networked services linked with remotely located cloud storage, which are provided by the software service provider. The workforce analytics becomes crucial in analyzing task force in the organizations with high accountability of workers. In terms of end-use industry, workforce analytics market is further classifiedinto telecom and IT, manufacturing, retail, healthcare and research, government and public sector, banking, financial services and insurance (BFSI) and others (education, travel & hospitality and media & entertainment).

Shrinking task force to enhance company performance is key aspect which is leading to the adoption of workforce analytics and subsequently increasing its market growth. However, data security concerns for the cloud based workforce analytics tools may restrain its market. Also, lack of awareness amongst the organizations, especially in emerging markets is hampering its market growth. Improvement of work analytics tools in terms of its interface and end results has fuelled its penetration in the North American region.Similarly, with improving analytical skills in developing economies is expected to lead in its adoption in near term. On the global scale, North America region is expected to dominate in terms of uses of workforce analytics tools in coming years.


However, escalating workforce in Asia pacific region is expected to propel workforce analytics market in the forecast period. Further, BFSI and government & public segment is expected to key driver for overall workforce analytics market during the coming years. The high ratio of employees/workers and changing working dynamics will be the significant factors leading to its market growth.


Some of the key players in the development and manufacturing of workforce analytics systems include Visier, Inc., Genpact Ltd., SAP Success Factors, Peoplefluent companies, Kronos, Inc., Aquire, Inc., Workday, Inc., PeopleStreme Pty. Ltd., Towers Watson & Co., Oracle Corporation, Cornerstone OnDemand, Inc., WorkForce Software LLC, and Tableau Software, Inc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America


– This report provides comprehensive analysis of
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.


– Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments
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