- According to Dhirtek Business Research, “global workforce analytics market by component (solution, services), deployment model (on-premises, cloud-based), enterprise size (small & medium enterprises, large enterprises) & industry (banking, financial services, and insurance, energy and utilities, manufacturing, healthcare, retail, government and public sector, telecom and it, travel and hospitality, others)” generated revenue of US$ 606.5 million in 2020 and is expected to reach US$ 11,60.3 million by 2025 with a CAGR of 13.9% in the forecast period.
- Based on the region, the workforce analytics market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and expected to remain dominant over the forecast period. Moreover, Asia Pacific expected to grow with the highest CAGR in the forecast period. China, India, and Japan are some of the market-driven countries in this region.
- Based on the industry, the retail expected to grow with the highest CAGR during the forecast period. Moreover, the banking, financial services and insurance holds the dominating position of the market in 2020 and expected to retain its dominance throughout the forecast period.
- Based on the size of the enterprise, the segment of small and medium-sized enterprises is projected to expand at the fastest CAGR in the forecast period. Also, the large enterprise segment holds a dominant market position in 2020 and expected to remain dominant throughout the forecast period.
- Based on the deployment model, the cloud-based deployment model expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and expected to retain its dominance throughout the forecast period.
- The research report provides a detailed analysis of the global market dynamics in workforce analytics. Considering 2019 as the base year, the study presents estimated market data for the 2020 to 2025 forecast period.
- The report includes the workforce analytics market for various industries across different geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). It also focuses on key developments and threats impacting the market and the vendor landscape.
- The study contains a chapter explaining the impact of COVID 19 on the global market for workforce analytics. The study further discusses the key factors, the business environment, and emerging developments in the workforce analytics market. The study ends with an overview of the workforce analytics providers and provides comprehensive profiles of the key players in the global workforce analytics market.
Scope of the report:
Segmentation
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Description
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By Component
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- Solution
- Services
- Professional Services
- Managed Services
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By Deployment Model
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By Enterprise Size
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- Small & Medium Enterprise
- Large Enterprises
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By Industry
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- Banking, Financial Services and Insurance (BFSI)
- Energy and Utilities
- Manufacturing
- Healthcare
- Retail
- Government and Public Sector
- Telecom and IT
- Travel and Hospitality
- Others
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By Region
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- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Rest of Latin America
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Workforce Analytics Market Players:
- Some of the major players of workforce analytics market are ADP, LLC., Cornerstone OnDemand, Inc., IBM Corporation, Kronos Incorporated, Oracle Corporation, SAP, Tableau Software, Visier Inc., Workday, Inc., Workforce Software, LLC. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.
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