Workforce Analytics Market Size and Share is Projected to Reach US$ 21.70 Bn at CAGR 16.10 % during Forecast Period 2022-2028 | SAP SE, Tableau Software, Visier Inc.

London, UK -- (SBWire) -- 10/11/2022 --The Workforce Analytics can be defined as an advanced set of data analysis tools and metrics for comprehensive workforce performance measurement and improvement. Workforce Analytics utilizes both employee and ROI data to inform decisions on recruitment, retention, and employee management among others. The rising adoption of human capital information system and growing adoption from end use industries as well as recent collaborations & product launches from leading market players are accelerating the global market demand.

For instance, according to Statista – In 2020, the global market for (human capital management) HCM applications was estimated at USD 33.6 billion, and this amount is projected to grow to USD 37.9 billion by end of 2025. Furthermore, in October 2020, Tata Consultancy Services launched its AI-based Workforce Analytics system to enhance productivity and workforce experience. The new solution is designed to help enterprise deal with the talent management challenges of the digital era. Moreover, in March 2022, Sapience Analytics, and HCL Technologies (HCL) entered into a partnership to jointly develop and distribute technologies in the area of employee productivity improvement. Under this partnership, HCL would enhance and resell Sapience's knowledge workforce management solution. Also, growing penetration Artificial intelligence and machine learning technologies and increase in number of data sources across different industries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, rising concern over data privacy and compliances impede the growth of the market over the forecast period of 2022-2028.

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The research report provides a thorough analysis of the factors that are expected to have an impact on future growth—or a lack thereof—as well as potential opportunities and current trends for the global market as a whole. The demand projections, market trends, market share, and micro- and macro-data are all thoroughly examined in this report. Detailed information on the Workforce Analytics market includes driving forces, development plans including the creation of new products and mergers and acquisitions, partnerships and cooperation, new trends, obstacles, and opportunities for a more thorough understanding of the market potentials.

The competition profiles are thoroughly examined as part of the Workforce Analytics market investigation. The market study examines sales, anticipated future growth, rising demand, and already available manufacturing capacity. The study uses contemporary methods to gather and integrate crucial primary and secondary research data and concepts in order to keep readers informed of fast changing markets.

The Major Key Company Profiles included in Workforce Analytics market study 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.

COVID-19 Impact on Workforce Analytics Market

The market research will offer a more thorough analysis of the current circumstance, the state of the economy, and COVID-19's effect on the industry as a whole. The study combines market breakdown and data triangulation methodologies in order to complete the entire process of market research and analysis, including accurate data for all segments, subsections, and market growth.

Market Segmentation

The global Workforce Analytics market was divided into segments for this analysis based on type, geography, application, and end-use. Along with status, market share, growth rate, emerging trends, market-driving factors, opportunities, and challenges, the research discusses sales channels and dealers. To complete the full market research process and arrive at precise numbers for all segments, sub-segments, and market development, data triangulation techniques are required.

The Workforce Analytics Market Segments and Sub-Segments are Listed Below:

By Type:

Solution
Services

By Services:

Managed
Consulting
System Integration
By Deployment Type
Cloud
On-premises

By Application:

Healthcare
IT & Telecommunication
BFSI
Manufacturing
Retail
Aerospace & Defense
Others

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Regional Overview

The study offers a thorough analysis of the important countries and regions concerned, as well as a ranking of revenues, market shares, and future growth potential. The top competitors in the market were identified through research on the Workforce Analytics. It offers both qualitative and quantitative data about the market's development potential, growth drivers, and growth restrictions.

Competitive Scenario

Leading nations from around the world are examined, along with current affairs and potential outcomes in the sector. The leading market competitors were researched in order to generate the Workforce Analytics market report. In order to provide a thorough understanding of the market, the research examines SWOT and Porter's five forces. In order to analyze and forecast market entities, secondary research was done by gathering information from important companies.

Table of Contents – Major Key Points

Chapter 1. Executive Summary
Chapter 2. Global Workforce Analytics Market Definition and Scope
Chapter 3. Global Workforce Analytics Market Dynamics
Chapter 4. Global Workforce Analytics Market Industry Analysis
Chapter 5. Risk Assessment: COVID-19 Impact
Chapter 6. Global Market, by Type
Chapter 7. Global Market, by Services
Chapter 8. Global Market, by Deployment Type
Chapter 9. Global Market, by Application
Chapter 10. Global Market, Regional Analysis
Chapter 11. Competitive Intelligence
Chapter 12. Research Process

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