The need to optimize the human capital of firms is boosting the Workforce Analytics Industry
2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A revenue level of USD 1026 Million is predicted by the end of 2023 with the support of a 13 % CAGR in the forecast period.
The development of the work culture has led to the need to improve the handling of human resources, which is estimated to enhance the workforce analytics market share in the impending period. The development of diversity in the way workforce function is estimated further to improve the growth of the workforce analytics market.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Workforce Analytics Industry fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Workforce Analytics Industry to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Workforce Analytics Industry is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
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The prominent contenders in the workforce analytics market are Cornerstone OnDemand Inc (U.S.), Kronos Inc (U.S.), PeopleSreme Pty. Ltd (Australia), SAP SE (Germany), Acquire, Inc (U.S.), Tableau Software (U.S.), ADP LLC (U.S.), Tower Watson & Co (U.S.), Visier Inc (Canada), Oracle Corporation (U.S.), Workday Inc (U.S.), Workforce Software, LLC (U.S.), Genpact Ltd (Bermuda), IBM Corporation (U.S.) among others.
The segmental study of the workforce analytics market is segmented into deployment, organization size, type, industry vertical, and region. Based on the organization size, the workforce analytics market is segmented into large and SME’s. On the basis of type, the workforce analytics market is bifurcated into solutions and services. On the basis of deployment, the workforce analytics market is segmented into on-cloud and on-premise. On the basis of industry vertical, the workforce analytics market is segmented into insurance, retail, banking, logistics, healthcare, government, and manufacturing. Based on the Regions, the workforce analytics market is segmented into Europe, North America, Asia Pacific, and other regions.
The regional review of the workforce analytics is segmented into Europe, North America, Asia Pacific, and other regions. The North American region is principal the market in the workforce analytics majorly owing to the incidence of several vendors. Also, the boost in the initial adoption of cloud-based workforce analytics by the U.S and Canadian companies, coupled with the transfer towards software as a service in cloud-based workforce analytics is estimated to benefit market expansion.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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