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 aims to provide a comprehensive presentation of the global market for Workforce Analytics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Workforce Analytics. Workforce Analytics Market contains market size and forecasts of Workforce Analytics in global, including the following market information:
Global Workforce Analytics Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Workforce Analytics market was valued at US$ 1395.9 million in 2022 and is projected to reach US$ 3248.3 million by 2029, at a CAGR of 12.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The industry is fragmented, the key brand include Kronos, SAP, Oracle, IBM, ADP, SAS Institute Inc, WorkForce Software, Ultimate Software, Genpact, Workday, Visier and so on. Kronos are the leader of this industry with about 13% market shares.
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, 2018-2023, 2024-2029 ($ millions)
Global Workforce Analytics Market Segment Percentages, by Type, 2022 (%)
On-premise Deployment
SaaS Deployment
Global Workforce Analytics Market, by Number of Employees, 2018-2023, 2024-2029 ($ millions)
Global Workforce Analytics Market Segment Percentages, by Number of Employees, 2022 (%)
Under 100
100-499
500-999
1,000-4,999
Above 5000
Global Workforce Analytics Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Workforce Analytics Market Segment Percentages, By Region and Country, 2022 (%)
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, 2018-2023 (estimated), ($ millions)
Key companies Workforce Analytics revenues share in global market, 2022 (%)
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
Outline of Major Chapters:
Chapter 1: Introduces the definition of Workforce Analytics, market overview.
Chapter 2: Global Workforce Analytics market size in revenue.
Chapter 3: Detailed analysis of Workforce Analytics company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by number of employees, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Workforce Analytics in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.