HR Analytics is the process of applying analytics in the Human Resources (HR) department of an organization to improve employee performance. HR analytics is about providing insights into each process by collecting data such as employee attendance, engagement, compensation, training, etc. and then using HR analytics to make a decision to improve operations. HR analytics also often called talent analytics, workforce analytics and people analytics. HR analytics allows HR professionals to make a decision to attract, manage and retain employee which enhance Return on Investment (ROI) for the organization. HR analytics solution also helps the organization to improve productivity and to provide a better work environment for employees.

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The major factor driving the market growth is the growing adoption of a cloud-based solution, increasing adoption of HR analytics among small and medium-sized enterprises to make a data-driven decision and rising demand of HR analytics to enhanced workforce optimization and talent mobility. In addition, increasing the adoption of analytics software to save cost, time, and improve performance also fuelling market growth during the forecast period. Furthermore, HR analytical solution allows the organization to improve budget allocations and facilitates complex compensation planning, which increases the demand for HR analytics among enterprises. However, the cultural barrier to adopt HR analytical solutions and varying Structure of Regulatory Policies and Data Regulations are hampering the market growth.

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Various notable players in the HR Analytics market include Oracle Corporation, IBM Corporation, SAP SE, Tableau Software, Infor, Crunchr, Sage Group Plc, MicroStrategy Incorporated, Zoho, Kronos Incorporated and among others. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive. For instance, in Feb 2019, Infor signed a partnership with Montage to engage, interview, and hire better candidates.

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The Global HR Analytics market has been segmented on the basis of Component, Deployment Type, Organization Size, Vertical and Geography. Based on the component market is categorized into Solutions and Services. On the basis of deployment type market is segmented into On-premises and Cloud. Based on the organization size market is segmented into Small and Medium-sized Enterprises and Large Enterprises. Based on the vertical market is categorized into Healthcare, BFSI, Education, IT& Telecommunication, Retail, Manufacturing and others and by geography.

Key questions answered in this research report:

At what pace is the global HR Analytics market growing? What will be a growth trend in the future?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global HR Analytics market?
What are the various application areas and how they are poised to grow?

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