Workforce Analytics Market by Component, Deployment Model, Organization Size, Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026

Workforce analytics comprises a set of tools which measure, characterize and organize sophisticated employee data. These tools are used to present detailed employee performance to provide a better understanding and assist in overall management. Workforce analytics uses statistical models and other techniques to analyze worker-related data, allowing leaders to improve the effectiveness of people-related decision-making and human resources strategy.

The increasing use of data for strategic workforce planning, need to reduce the long-term labor issues, rise in need to spot the talent gaps from performance data, to achieve competitive advantage, to ensure employee satisfaction & engagement are the major factors that drive the growth of the workforce analytics market. However, consolidating all the available data from different sources, lack of analysis skills, concerns associated with data privacy and compliance are expected to hinder the workforce analytics market growth. On the contrary, AI based workforce analytics solutions, availability of huge volume of (Human Resource) HR data and an increase in number of data sources, use of machine learning & blockchain technologies with workforce analytics are expected to provide lucrative opportunities for the market growth in the coming years.

The workforce analytics market is segmented on the basis of component, deployment, organization size, industry vertical, and region. Based on component, the market is categorized into solution and service. On the basis of deployment, it is classified into on-premise and cloud. Based on the organization size workforce analytics market is bifurcated into large enterprises and SMEs. Depending on industry vertical, it is divided into BFSI, manufacturing, healthcare, government, retail, IT & telecom, education, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, LAMEA.

The company profiles of workforce analytics market players included in this report are Oracle Corporation, IBM Corporation, Tableau Software Inc, SAP SE, Workday Inc, ADP LLC, Cornerstone OnDemand Inc, Kronos Incorporated, WorkForce Software, LLC, and Visier Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key benefits for stakeholders

The study provides an in-depth analysis of the global workforce analytics market along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global workforce analytics market from 2019 to 2026 is provided to determine the market potential.

Key market segments

By Component

Solution
Service

By Deployment Mode

On-Premise
Cloud

By Organization Size

Large Enterprises
Small & Medium Enterprises

By Industry Vertical

BFSI
Manufacturing
Healthcare
Government
Retail & E-Commerce
IT & Telecom
Education
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY MARKET PLAYERS

Oracle Corporation
IBM Corporation
Tableau Software Inc
SAP SE
Workday Inc
ADP LLC
Cornerstone OnDemand Inc
Kronos Incorporated
WorkForce Software, LLC
Visier Inc

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings
2.1.1. Top impacting factors
2.1.2. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Porter’s five forces analysis
3.3. Market dynamics
3.3.1. Drivers
3.3.1.1. The need to close the skills gap
3.3.1.2. The need to achieve competitive advantage
3.3.1.3. Increase in investment on workforce analytics
3.3.2. Restraints
3.3.2.1. Lack of analysis skills
3.3.3. Opportunity
3.3.3.1. Integration of advanced technologies such as machine learning, natural language processing, and AI in workforce analytics

CHAPTER 4: GLOBAL WORKFORCE ANALYTICS MARKET, BY COMPONENT

4.1. Overview
4.2. Solution
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by region
4.3. Service
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by region

CHAPTER 5: GLOBAL WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT

5.1. Overview
5.2. On premise
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by region
5.3. Cloud
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by region

CHAPTER 6: GLOBAL WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE

6.1. Overview
6.2. Large Enterprises
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by region
6.3. SMEs
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by region

CHAPTER 7: GLOBAL WORKFORCE ANALYTICS MARKET, BY INDUSTRY VERTICAL

7.1. Overview
7.2. BFSI
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by region
7.3. Manufacturing
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by region
7.4. Healthcare
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by region
7.5. Government
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis, by region
7.6. Retail
7.6.1. Key market trends, growth factors, and opportunities
7.6.2. Market size and forecast, by region
7.6.3. Market analysis, by region
7.7. IT and Telecom
7.7.1. Key market trends, growth factors, and opportunities
7.7.2. Market size and forecast, by region
7.7.3. Market analysis, by region
7.8. Education
7.8.1. Key market trends, growth factors, and opportunities
7.8.2. Market size and forecast, by region
7.8.3. Market analysis, by region
7.9. Others
7.9.1. Key market trends, growth factors, and opportunities
7.9.2. Market size and forecast, by region
7.9.3. Market analysis, by region

CHAPTER 8: WORKFORCE ANALYTICS MARKET, BY REGION

8.1. Overview
8.2. North America
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by component
8.2.3. Market size and forecast, by deployment
8.2.4. Market size and forecast, by organization size
8.2.5. Market size and forecast, by industry vertical
8.2.6. Market analysis by country
8.2.6.1. U. S.
8.2.6.1.1. Market size and forecast, by component
8.2.6.1.2. Market size and forecast, by deployment
8.2.6.1.3. Market size and forecast, by organization size
8.2.6.1.4. Market size and forecast, by industry vertical
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast, by component
8.2.6.2.2. Market size and forecast, by deployment
8.2.6.2.3. Market size and forecast, by organization size
8.2.6.2.4. Market size and forecast, by industry vertical
8.3. Europe
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by component
8.3.3. Market size and forecast, by deployment
8.3.4. Market size and forecast, by organization size
8.3.5. Market size and forecast, by industry vertical
8.3.6. Market analysis by country
8.3.6.1. UK
8.3.6.1.1. Market size and forecast, by component
8.3.6.1.2. Market size and forecast, by deployment
8.3.6.1.3. Market size and forecast, by organization size
8.3.6.1.4. Market size and forecast, by industry vertical
8.3.6.2. Germany
8.3.6.2.1. Market size and forecast, by component
8.3.6.2.2. Market size and forecast, by deployment
8.3.6.2.3. Market size and forecast, by organization size
8.3.6.2.4. Market size and forecast, by industry vertical
8.3.6.3. France
8.3.6.3.1. Market size and forecast, by component
8.3.6.3.2. Market size and forecast, by deployment
8.3.6.3.3. Market size and forecast, by organization size
8.3.6.3.4. Market size and forecast, by industry vertical
8.3.6.4. Italy
8.3.6.4.1. Market size and forecast, by component
8.3.6.4.2. Market size and forecast, by deployment
8.3.6.4.3. Market size and forecast, by organization size
8.3.6.4.4. Market size and forecast, by industry vertical
8.3.6.5. Spain
8.3.6.5.1. Market size and forecast, by component
8.3.6.5.2. Market size and forecast, by deployment
8.3.6.5.3. Market size and forecast, by organization size
8.3.6.5.4. Market size and forecast, by industry vertical
8.3.6.6. Russia
8.3.6.6.1. Market size and forecast, by component
8.3.6.6.2. Market size and forecast, by deployment
8.3.6.6.3. Market size and forecast, by organization size
8.3.6.6.4. Market size and forecast, by industry vertical
8.3.6.7. Rest of Europe
8.3.6.7.1. Market size and forecast, by component
8.3.6.7.2. Market size and forecast, by deployment
8.3.6.7.3. Market size and forecast, by organization size
8.3.6.7.4. Market size and forecast, by industry vertical
8.4. Asia-Pacific
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by component
8.4.3. Market size and forecast, by deployment
8.4.4. Market size and forecast, by Organization size
8.4.5. Market size and forecast, by Industry Vertical
8.4.6. Market analysis by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast, by component
8.4.6.1.2. Market size and forecast, by deployment
8.4.6.1.3. Market size and forecast, by organization size
8.4.6.1.4. Market size and forecast, by industry vertical
8.4.6.2. India
8.4.6.2.1. Market size and forecast, by component
8.4.6.2.2. Market size and forecast, by deployment
8.4.6.2.3. Market size and forecast, by organization size
8.4.6.2.4. Market size and forecast, by industry vertical
8.4.6.3. Japan
8.4.6.3.1. Market size and forecast, by component
8.4.6.3.2. Market size and forecast, by deployment
8.4.6.3.3. Market size and forecast, by organization size
8.4.6.3.4. Market size and forecast, by industry vertical
8.4.6.4. Australia
8.4.6.4.1. Market size and forecast, by component
8.4.6.4.2. Market size and forecast, by deployment
8.4.6.4.3. Market size and forecast, by organization size
8.4.6.4.4. Market size and forecast, by industry vertical
8.4.6.5. Singapore
8.4.6.5.1. Market size and forecast, by component
8.4.6.5.2. Market size and forecast, by deployment
8.4.6.5.3. Market size and forecast, by organization size
8.4.6.5.4. Market size and forecast, by industry vertical
8.4.6.6. South Korea
8.4.6.6.1. Market size and forecast, by component
8.4.6.6.2. Market size and forecast, by deployment
8.4.6.6.3. Market size and forecast, by organization size
8.4.6.6.4. Market size and forecast, by industry vertical
8.4.6.7. Rest of Asia-Pacific
8.4.6.7.1. Market size and forecast, by component
8.4.6.7.2. Market size and forecast, by deployment
8.4.6.7.3. Market size and forecast, by organization size
8.4.6.7.4. Market size and forecast, by industry vertical
8.5. LAMEA
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by component
8.5.3. Market size and forecast, by deployment
8.5.4. Market size and forecast, by Organization size
8.5.5. Market size and forecast, by Industry Vertical
8.5.6. Market analysis by country
8.5.6.1. Latin America
8.5.6.1.1. Market size and forecast, by component
8.5.6.1.2. Market size and forecast, by deployment
8.5.6.1.3. Market size and forecast, by organization size
8.5.6.1.4. Market size and forecast, by industry vertical
8.5.6.2. Middle East
8.5.6.2.1. Market size and forecast, by component
8.5.6.2.2. Market size and forecast, by deployment
8.5.6.2.3. Market size and forecast, by organization size
8.5.6.2.4. Market size and forecast, by industry vertical
8.5.6.3. Africa
8.5.6.3.1. Market size and forecast, by component
8.5.6.3.2. Market size and forecast, by deployment
8.5.6.3.3. Market size and forecast, by organization size
8.5.6.3.4. Market size and forecast, by industry vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Market player positioning, 2018
9.1.1. Top winning strategies
9.2. Market evolution/Industry roadmap
9.3. Value Chain Analysis
9.4. Competitive dashboard
9.5. Key Developments
9.5.1. Partnership
9.5.2. Acquisition
9.5.3. Collaboration
9.5.4. Agreement
9.5.5. Product Launch

CHAPTER 10: COMPANY PROFILES

10.1. ADP, LLC.
10.1.1. Company overview
10.1.2. Key executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.1.7. Key strategic moves and developments
10.2. Cornerstone OnDemand, Inc.
10.2.1. Company overview
10.2.2. Key Executives
10.2.3. Company snapshot
10.2.4. Product portfolio
10.2.5. R&D Expenditure
10.2.6. Business performance
10.2.7. Key strategic moves and developments
10.3. International Business Machines Corporation
10.3.1. Company overview
10.3.2. Key Executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. R&D Expenditure
10.3.7. Business performance
10.3.8. Key strategic moves and developments
10.4. Kronos Incorporated
10.4.1. Company overview
10.4.2. Key executives
10.4.3. Company snapshot
10.4.4. Product portfolio
10.4.5. Key strategic moves and developments
10.5. Oracle Corporation
10.5.1. Company overview
10.5.2. Key Executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.5.6. R&D Expenditure
10.5.7. Business performance
10.5.8. Key strategic moves and developments
10.6. SAP SE
10.6.1. Company overview
10.6.2. Key Executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.6.6. R&D Expenditure
10.6.7. Business performance
10.6.8. Key strategic moves and developments
10.7. Tableau Software
10.7.1. Company overview
10.7.2. Key Executives
10.7.3. Company snapshot
10.7.4. Product portfolio
10.7.5. R&D Expenditure
10.7.6. Business performance
10.7.7. Key strategic moves and developments
10.8. Visier Inc.
10.8.1. Company overview
10.8.2. Key executives
10.8.3. Company snapshot
10.8.4. Product portfolio
10.8.5. Key strategic moves and developments
10.9. Workday, Inc.
10.9.1. Company overview
10.9.2. Key Executives
10.9.3. Company snapshot
10.9.4. Product portfolio
10.9.5. Business performance
10.9.6. Key strategic moves and developments
10.10. WorkForce Software, LLC.
10.10.1. Company overview
10.10.2. Key Executives
10.10.3. Company snapshot
10.10.4. Product portfolio
10.10.5. Key strategic moves and developments

Executive Summary

According to the report titled, 'Workforce Analytics Market by Component, Deployment Model, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global market was valued at $1.64billion in 2018, and the workforce analytics market forecast is projected to reach $5.97 billion by 2026, growing at a CAGR of 17.6% from 2019 to 2026.

Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management.

Furthermore, increase in the use of data for strategic workforce planning, need to reduce the long-term labor issues, rise in need to spot the talent gaps from performance data, to achieve competitive advantage, to ensure employee satisfaction & engagement are the major factors that drive the growth of the workforce analytics market. However, consolidating all the available data from different sources, lack of analysis skills, concerns associated with data privacy and compliance are expected to hinder the workforce analytics market growth. On the contrary, AI based workforce analytics solutions, availability of huge volume of (Human Resource) HR data and an increase in number of data sources, use of machine learning & blockchain technologies with workforce analytics are expected to provide lucrative opportunities for the market growth in the coming years.

The large enterprise segment dominated the workforce analytics industry in 2018 and is projected to maintain its dominance during the forecast period, owing to the increasing need in large enterprises to analyze employee data for achieving organizational goals. Furthermore, SME’s segment is expected to grow at a significant CAGR during the forecast period, due to the surge in the adoption of small and medium enterprises for increasing the operational efficiency and profit of the organizations.

The BFSI sector dominated the workforce analytics industry in 2018 and is projected to maintain its dominance during the forecast period, owing to the increase in demand for workforce from the banking and financial institutions. Furthermore, the retail & e-commerce sector is expected to grow at a significant CAGR during the forecast period, owing to the growing need to enhance employee skills in the retail & e-commerce industry.
By region, the global workforce analytics market was dominated by North America in 2018 and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region includes high rate of adoption of technologies such as AI, cloud, big data, analytics, and others. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to improve employee productivity and performance of organizations business.

According to Pramod Borasi, Research Analyst, ICT, “There tail & e-commerce sector is expected to attain significant growth in the coming years, owing to the growth in need to improve productivity of and enhance skills of employees.”

KEY FINDINGS OF THE STUDY

By component, the solution segment led the workforce analytics market size in terms of revenue in 2018.
By deployment model, the cloud segment accounted for the highest workforce analytics market share in 2018.
By industry vertical, the BFSI segmented accounted for the highest workforce analytics market share in 2018.
By region, North America generated the highest revenue in 2018.

The company profiles of workforce analytics market players included in this report are Oracle Corporation, IBM Corporation, Tableau Software Inc, SAP SE, Workday Inc, ADP LLC, Cornerstone Ondemand Inc, Kronos Incorporated, WorkForce Software, LLC, and Visier Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Companies Mentioned

Oracle Corporation
IBM Corporation
Tableau Software Inc
SAP SE
Workday Inc
ADP LLC
Cornerstone OnDemand Inc
Kronos Incorporated
WorkForce Software LLC
Visier

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

LOADING...