According to a new market research report published by Credence Research “Global Workforce Analytics Market – Growth, Future Prospects, and Competitive Analysis, 2019 - 2027”, the workforce market is set to grow with a CAGR of 16.5 percent during the forecast period 2019 to 2027.

Browse Full Report at https://www.credenceresearch.com/report/workforce-analytics-market

Market Insights

The workforce analytics market is driven by the need for standard performance indicators to evaluate workforce performance among organizations. The workforce analytics solution allows enterprises to analyze the huge chunks of the unstructured data to extract actionable insights pertaining to human resource utilization in real-time. Moreover, the solutions enable enterprises to optimize data virtualization, storage optimization, and work management. This is driving the demand for the workforce analytics solution among the organizations.

The increasing adoption of cloud-based services among the organizations is acting also as driving market growth. As the business dynamics are changing and competition among the market players is increasing, organizations are adopting cloud-based solutions to enhance their operational efficiency and reduce the cost of operation. The cloud-based solution works effectively with analytics solutions that enable the organization to gain flexibility and agility.

The workforce analytics market is segmented based on the type into aerospace & defense, BFSI, healthcare, manufacturing, retail, telecom and IT. BFSI segment accounted for a majority share in the revenue in 2018. The increasing digitalization across the BFSI sector is the major factor in driving the market growth. On the other hand, the retail sector is estimated to grow significantly during the forecast period. The implementation of advanced software solutions to automate the human resource process is propelling market growth.

Asia Pacific's workforce analytics market is anticipated to grow considerably during the forecast period. The wide-scale adoption of the cloud-based solution among SMEs is the primary factor accelerating the adoption of the solutions. Furthermore, the growing adoption of the workforce analytics solution among the retail and BFSI sector is propelling market growth.

The prominent vendors of the workforce analytics market are Aquire Inc, ADP LLC, Cornerstone OnDemand Inc, IBM Corporation, Genpact Ltd, Kronos Inc, PeopleSreme Pty Ltd, Oracle Corporation, SAP SE, Visier Inc, Tableau Software, and Workforce Software LLC.

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 Market Segmentation

By Component Segment

Software
Services
o Professional Service

o Managed Service

 By Deployment Segment

On-Premise
Cloud

By Application Segment

Aerospace & Defense
BFSI
Healthcare
Manufacturing
Retail
Telecom and IT
Others

By Geography Segment

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/60119