Analytics for HR At the conclusion of the projection period, market value is anticipated to reach US$ 8.55 billion, with a CAGR of 14.30%.
Maximize Market Research’s new report, HR Analytics Market 2023-2029, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide HR Analytics market.
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Dynamics:
The primary drivers of the HR analytics market growth are the expanding requirement to hire competent individuals using cutting-edge techniques like analytics and the growing internationalization of the workforce. Businesses can concentrate more on enhancing employee engagement and raising staff productivity. Additionally, the HR analytics market is anticipated to be driven in the near future by the growing acceptance of HR analytics solutions in SMEs. Organizations are choosing cloud-based solutions more frequently since they are effective and efficient, which is driving the market further.
The most recent trend of using technology, such as the Internet of Things (IoT) and Artificial Intelligence (AI), to enhance software designs in accordance with customer requirements is projected to open up a number of prospects for market growth. However, keeping track of and gathering vast datasets with fresh Data forecasts and other technologies like cloud-based systems may raise ethical concerns. Security worries about the likelihood of data breaches and cyberattacks are a threat to the market’s expansion because SMEs are more inclined to use public cloud services due to their low cost.
Segmentation:
According to solution, the workforce planning market produced a significant portion of US$ Mn in 2022. The IT and telecom category is anticipated to rule the market over the projection period based on the end-user industry. The demand for effective HR analytics solutions is rising as businesses in the IT and telecom sectors extend their global presence. This is because it becomes more important to manage a staff that is dispersed around the globe. On-premise solutions had the highest share in the deployment model since they allow for the customization of operations and enhancement of plug-ins as needed. The CAGR for the cloud sector is anticipated to be the highest over the projection period.
Over the course of the projected period, the small and medium-sized enterprise segment is anticipated to grow at the greatest CAGR. SMEs seek better solutions to the resource shortage and the challenges associated with cost-optimization of their needs and assets. This is persuading SMEs to concentrate on using HR analytics solutions, which is fueling the segment’s expansion.
by Solution
Employee Engagement & Development
Payroll & Compensation
Recruitment
Retention
Talent Analytics
Workforce Planning
Others
by Service
Implementation & Integration
Support & Maintenance
Training & Consulting
by Deployment Model
Cloud
On-premise
by Enterprise Size
Large Enterprise
Small & Medium Enterprise
by End-user
Academia
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others
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HR Analytics Market Key players:
It then discusses the top competitors in the worldwide HR Analytics market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. IBM Corporation 2. Infor 3. Crunchr 4. Sisense 5. Cognizant Technology Solutions Corp. 6. Accenture plc 7. Infosys Limited 8. ADP LLC 9. Ascentis Software Corporation 10. Genpact Ltd. 11. Cornerstone OnDemand, Inc. 12. Beeline 13. GainInsights Solutions Pvt. Ltd. 14. Paylocity 15. Nakisa, Inc. 16. PeopleFluent Companies 17. PeopleStreme Pty. Ltd 18. Visier, Inc. 19. TALENTSOFT 20. Oracle 21. SAP SE 22. Kronos Incorporated 23. Talentsoft 24. TABLEAU SOFTWARE 25. Sage Software Solutions Pvt Ltd 26. Zoho Corporation Pvt. Ltd. 27. Workday, Inc.
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Table of Content: HR Analytics Market
Part 01: Executive Summary
Part 02: Scope of the HR Analytics Market Report
Part 03: Global HR Analytics Market Landscape
Part 04: Global HR Analytics Market Sizing
Part 05: Global HR Analytics Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Analysis:
The report has analyzed the HR Analytics market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide HR Analytics market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on HR Analytics Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the HR Analytics Market Report are:
- Which are the major companies in the HR Analytics market?
- Which is the potential market for HR Analytics in terms of the region?
- Which application area of HR Analytics is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the HR Analytics market size by 2029?
- What are the growth prospects for the HR Analytics market?
- What is the base year considered in the HR Analytics market report?
- Which region holds the largest market share in the HR Analytics market?
- What factors are anticipated to drive the HR Analytics market?
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