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Global Workforce Analytics Market to reach USD XX million by 2028.

Global Workforce Analytics Market Size study, 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), and Regional Forecasts 2022-2028

Product Code: ICTICTS-61888958
Publish Date: 13-06-2022
Page: 200

Global Workforce Analytics Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. 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.

The key regions considered for the global Workforce Analytics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to growing adoption of workforce analytics solutions and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as rising digitization across different industries and increasing number of collaboration activities, would create lucrative growth prospects for the global Workforce Analytics Market across the Asia Pacific region.

Major market players included in this report 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.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained 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

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Workforce Analytics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Workforce Analytics Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Workforce Analytics Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Workforce Analytics Market, by Services, 2020-2028 (USD Million)
1.2.4. Global Workforce Analytics Market, by Deployment Type, 2020-2028 (USD Million)
1.2.5. Global Workforce Analytics Market, by Application, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Workforce Analytics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Workforce Analytics Market Dynamics
3.1. Workforce Analytics Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising adoption of human capital information system
3.1.1.2. Growing adoption from end use industries.
3.1.1.3. Recent collaborations & product launches from leading market players.
3.1.2. Market Challenges
3.1.2.1. Rising concern over data privacy and compliances.
3.1.3. Market Opportunities
3.1.3.1. Growing penetration AI and ML technologies.
3.1.3.2. increase in number of data sources across different industries.
Chapter 4. Global Workforce Analytics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Workforce Analytics Market, by Type
6.1. Market Snapshot
6.2. Global Workforce Analytics Market by Type, Performance – Potential Analysis
6.3. Global Workforce Analytics Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Workforce Analytics Market, Sub Segment Analysis
6.4.1. Solution
6.4.2. Services
Chapter 7. Global Workforce Analytics Market, by Services
7.1. Market Snapshot
7.2. Global Workforce Analytics Market by Services, Performance – Potential Analysis
7.3. Global Workforce Analytics Market Estimates & Forecasts by Services 2018-2028 (USD Million)
7.4. Workforce Analytics Market, Sub Segment Analysis
7.4.1. Managed
7.4.2. Consulting
7.4.3. System Integration
Chapter 8. Global Workforce Analytics Market, by Deployment Type
8.1. Market Snapshot
8.2. Global Workforce Analytics Market by Deployment Type, Performance – Potential Analysis
8.3. Global Workforce Analytics Market Estimates & Forecasts by Deployment Type 2018-2028 (USD Million)
8.4. Workforce Analytics Market, Sub Segment Analysis
8.4.1. Cloud
8.4.2. On-premises
Chapter 9. Global Workforce Analytics Market, by Application
9.1. Market Snapshot
9.2. Global Workforce Analytics Market by Application, Performance – Potential Analysis
9.3. Global Workforce Analytics Market Estimates & Forecasts by Application 2018-2028 (USD Million)
9.4. Workforce Analytics Market, Sub Segment Analysis
9.4.1. Healthcare
9.4.2. IT & Telecommunication
9.4.3. BFSI
9.4.4. Manufacturing
9.4.5. Retail
9.4.6. Aerospace & Defense
9.4.7. Others
Chapter 10. Global Workforce Analytics Market, Regional Analysis
10.1. Workforce Analytics Market, Regional Market Snapshot
10.2. North America Workforce Analytics Market
10.2.1. U.S. Workforce Analytics Market
10.2.1.1. Type estimates & forecasts, 2018-2028
10.2.1.2. Services estimates & forecasts, 2018-2028
10.2.1.3. Deployment Type estimates & forecasts, 2018-2028
10.2.1.4. Application estimates & forecasts, 2018-2028
10.2.2. Canada Workforce Analytics Market
10.3. Europe Workforce Analytics Market Snapshot
10.3.1. U.K. Workforce Analytics Market
10.3.2. Germany Workforce Analytics Market
10.3.3. France Workforce Analytics Market
10.3.4. Spain Workforce Analytics Market
10.3.5. Italy Workforce Analytics Market
10.3.6. Rest of Europe Workforce Analytics Market
10.4. Asia-Pacific Workforce Analytics Market Snapshot
10.4.1. China Workforce Analytics Market
10.4.2. India Workforce Analytics Market
10.4.3. Japan Workforce Analytics Market
10.4.4. Australia Workforce Analytics Market
10.4.5. South Korea Workforce Analytics Market
10.4.6. Rest of Asia Pacific Workforce Analytics Market
10.5. Latin America Workforce Analytics Market Snapshot
10.5.1. Brazil Workforce Analytics Market
10.5.2. Mexico Workforce Analytics Market
10.6. Rest of The World Workforce Analytics Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. ADP, LLC.
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Cornerstone OnDemand, Inc.
11.2.3. International Business Machines Corporation
11.2.4. Kronos Incorporated
11.2.5. Oracle Corporation
11.2.6. SAP SE
11.2.7. Tableau Software
11.2.8. Visier Inc.
11.2.9. Workday, Inc.
11.2.10. WorkForce Software, LLC.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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