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Workforce Analytics Global Market Report 2022

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • The Business Research Company
  • ID: 5653693

Major players in the workforce analytics market are ADP LLC, Cornerstone OnDemand Inc, International Business Machines Corporation, Kronos Incorporated, Oracle Corporation, SAP SE, Tableau Software, Visier Inc, Workday Inc, WorkForce Software LLC, Accenture Plc, Capgemini SE, Sage Software, TriNet, Peoplestreme Pty Ltd, Towers Watson & Co, Sisense Inc, Infor, Verint, and Genesys.



The global workforce analytics market is expected to grow from $1.27 billion in 2021 to $1.44 billion in 2022 at a compound annual growth rate (CAGR) of 14.12%. The workforce analytics market is expected to grow to $2.46 billion in 2026 at a compound annual growth rate (CAGR) of 14.21%.

The workforce analytics market consists of sales of workforce analytics by entities (organizations, sole traders, and partnerships) that refer to advanced algorithm-based analytical software and tools used to analyze employee-related data for performance measurement and improvement. It collects and accumulates all data from internal and external sources and analyzes it to gain insights about the employees within the organization to improve workplace planning and management. These tools and technologies help to understand specific trends such as attrition rate, efficiency, and learning efficacy.

The main components of workforce analytics include solutions and services. Workforce analytics solutions refer to workforce analytics software and analytical tools used to improve productivity, workforce planning, and improve other processes. Workforce analytics solutions utilize statistical models to handle worker-related data and offer enterprises to optimize human resource management. The workforce analytics solutions are deployed on-premise or cloud. Both large enterprises and small & medium enterprises from industries ranging from BFSI, manufacturing, healthcare, government, retail, IT and telecom, education, and others, for various day-to-day activities.

North America was the largest region in the workforce analytics market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the workforce analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The workforce analytics market research report is one of a series of new reports that provides workforce analytics market statistics, including workforce analytics industry global market size, regional shares, competitors with a workforce analytics market share, detailed workforce analytics market segments, market trends and opportunities, and any further data you may need to thrive in the workforce analytics industry. This workforce analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The increasing investment in workforce analytics is expected to propel the workforce analytics market. Many organizations are considering increasing their investments in workforce analytics as it assists enterprises in improving the productivity of the employees, developing effective recruiting methods, deriving better hiring decisions, retaining the best talent, efficient use of the workforce, and effective workforce planning. Workforce analytics uses the latest technologies and metrics to improve the workforce and management that offers a great return on investment in the long run. For instance, according to research presented in January 2019 by SD Worx, a Belgium-based global HR and payroll company, 50% of HR professionals across Europe are dissatisfied with how HR analytics is currently prioritized within the industry, and just 9% are very satisfied, indicating a need for better analytics and prioritization. Additionally, 76% of the organizations intend to increase their investment in HR technology as a whole which includes workforce analytics as well, with 45% intended to increase investment in the next two years and 65% within the next 3 years. In addition, 95% of organizations agreed that high-quality data and analytics are important to the future success of the business. Therefore, the increasing investment in workforce analytics is expected to boost demand for workforce analytics solutions and services during the forecast period.

The integration of advanced technologies is a key trend gaining popularity in the workforce analytics market. The market is witnessing the implementation of advanced technologies such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) in workforce analytics solutions. The workforce analytics based on AI, ML, and NLP aids in better evaluation, productivity, increasing business scalability, boosting business operations, and efficiency of employees. Key players are focusing on offering advanced workforce analytics to meet end-customer demands and strengthen their market position. For instance, in October 2020, Tata Consultancy Services (TCS), an Indian global information technology company introduced TCS Workforce Analytics, an AI-based workforce analytics solution to assist businesses in attracting and retaining the right digital talent. It includes machine learning, natural language processing, and a proprietary cognitive engine created by TCS Co-Innovation partnered dotin Inc to objectively analyze an individual's skills, personality characteristics, strengths, cultural fit, workplace values, and learning style for improving productivity and workforce experience.

In July 2021, Accenture Plc, an Ireland-based information technology company acquired Workforce Insight for an undisclosed amount. With this acquisition, Accenture is focused on improving its workforce capabilities and expanding its capacity to help clients with HR transformation. Workforce Insight is a US-based provider of workforce software and workday solutions.

The countries covered in the workforce analytics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.




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Table of Contents

1. Executive Summary2. Workforce Analytics Market Characteristics3. Workforce Analytics Market Trends And Strategies4. Impact Of COVID-19 On Workforce Analytics
5. Workforce Analytics Market Size And Growth
5.1. Global Workforce Analytics Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Workforce Analytics Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Workforce Analytics Market Segmentation
6.1. Global Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Solution
  • Services
6.2. Global Workforce Analytics Market, Segmentation By Deployment, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • On-Premise
  • Cloud
6.3. Global Workforce Analytics Market, Segmentation By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Large Enterprises
  • SMEs
6.4. Global Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • BFSI
  • Manufacturing
  • Healthcare
  • Government
  • Retail
  • IT and Telecom
  • Education
  • Others
7. Workforce Analytics Market Regional And Country Analysis
7.1. Global Workforce Analytics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Workforce Analytics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Workforce Analytics Market
8.1. Asia-Pacific Workforce Analytics Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Workforce Analytics Market
9.1. China Workforce Analytics Market Overview
9.2. China Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Workforce Analytics Market
10.1. India Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Workforce Analytics Market
11.1. Japan Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Workforce Analytics Market
12.1. Australia Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Workforce Analytics Market
13.1. Indonesia Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Workforce Analytics Market
14.1. South Korea Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Workforce Analytics Market
15.1. Western Europe Workforce Analytics Market Overview
15.2. Western Europe Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Workforce Analytics Market
16.1. UK Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Workforce Analytics Market
17.1. Germany Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Workforce Analytics Market
18.1. France Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Workforce Analytics Market
19.1. Eastern Europe Workforce Analytics Market Overview
19.2. Eastern Europe Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Workforce Analytics Market
20.1. Russia Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Workforce Analytics Market
21.1. North America Workforce Analytics Market Overview
21.2. North America Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Workforce Analytics Market
22.1. USA Workforce Analytics Market Overview
22.2. USA Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Workforce Analytics Market
23.1. South America Workforce Analytics Market Overview
23.2. South America Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Workforce Analytics Market
24.1. Brazil Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Workforce Analytics Market
25.1. Middle East Workforce Analytics Market Overview
25.2. Middle East Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Workforce Analytics Market
26.1. Africa Workforce Analytics Market Overview
26.2. Africa Workforce Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Workforce Analytics Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Workforce Analytics Market Competitive Landscape And Company Profiles
27.1. Workforce Analytics Market Competitive Landscape
27.2. Workforce Analytics Market Company Profiles
27.2.1. ADP LLC
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Cornerstone OnDemand Inc
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. International Business Machines Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Kronos Incorporated
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Oracle Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Workforce Analytics Market29. Workforce Analytics Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Workforce Analytics Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global workforce analytics market.

This report focuses on workforce analytics market which is experiencing strong growth. The report gives a guide to the workforce analytics market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the workforce analytics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Workforce Analytics market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider workforce analytics market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The workforce analytics market section of the report gives context. It compares the workforce analytics market with other segments of the workforce analytics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, workforce analytics indicators comparison.

Scope

Markets Covered:

1) By Component: Solution; Services
2) By Deployment: On-Premise; Cloud
3) By Organization Size: Large Enterprises; SMEs
4) By Industry Vertical: BFSI; Manufacturing; Healthcare; Government; Retail; IT and Telecom; Education; Others

Companies Mentioned: ADP LLC; Cornerstone OnDemand Inc.; International Business Machines Corporation; Kronos Incorporated; Oracle Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ADP LLC
  • Cornerstone OnDemand Inc
  • International Business Machines Corporation
  • Kronos Incorporated
  • Oracle Corporation
  • SAP SE
  • Tableau Software
  • Visier Inc
  • Workday Inc
  • WorkForce Software LLC
  • Accenture Plc
  • Capgemini SE
  • Sage Software
  • TriNet
  • Peoplestreme Pty Ltd
  • Towers Watson & Co
  • Sisense Inc
  • Infor
  • Verint
  • Genesys

Methodology

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