Workforce Analytics Market

Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM).

Workforce analytics can help enterprise leaders to develop and improve recruiting methods, make general and specific hiring decisions, and keep the best workers with the company. In addition, workforce analytics can help management personnel to:

(1) Predict the probability of an individual employee's success.

(2) Identify the need for new departments and positions.

(3) Determine which departments or positions can be reassigned or eliminated.

(4) Identify and quantify physical risks to employees in specific positions.

(5) Identify and quantify factors that influence employee job satisfaction.

(6) Analyze and predict current and future technological needs.

(7) Assign and delegate responsibility for tasks and goals.

(8) Optimize the enterprise's organizational structure.

(9) Help the enterprise to identify, encourage, and cultivate its future leaders.

Workforce Analytics Market contains market size and forecasts of Workforce Analytics in Global, including the following market information:

Global Workforce Analytics Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Workforce Analytics market was valued at 1395.9 million in 2021 and is projected to reach US$ 3248.3 million by 2028, at a CAGR of 12.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

On-premise Deployment Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Workforce Analytics include Kronos, SAP, Oracle, IBM, ADP, SAS Institute Inc, WorkForce Software, Ultimate Software and Genpact, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Workforce Analytics companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Workforce Analytics Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Workforce Analytics Market Segment Percentages, by Type, 2021 (%)

On-premise Deployment

SaaS Deployment

Global Workforce Analytics Market, by Number of Employees, 2017-2022, 2023-2028 ($ millions)

Global Workforce Analytics Market Segment Percentages, by Number of Employees, 2021 (%)

Under 100

100-499

500-999

1,000-4,999

Above 5000

Global Workforce Analytics Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Workforce Analytics Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Workforce Analytics revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Workforce Analytics revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Kronos

SAP

Oracle

IBM

ADP

SAS Institute Inc

WorkForce Software

Ultimate Software

Genpact

Workday

Visier