Workforce Analytics Market Insights :
The workforce analytics market is growing due to the requirement for businesses to maximise their people capital. The workforce analytics market is anticipated to grow at a 14.20% CAGR from 2022 to 2030, reaching an estimated value of USD 7.9 billion. It has become necessary to better manage human resources as a result of the evolution of workplace culture, and this will likely increase the market share of workforce analytics in the near future. It is predicted that the growth of the workforce analytics market will be further enhanced by the diversification of workforce function.
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Regional Analysis :
Europe, North America, Asia Pacific, and other regions are divided up into categories in the regional review of the workforce analytics. Due to the prevalence of multiple vendors, the North American region dominates the market for workforce analytics. Additionally, it is anticipated that the increase in the initial adoption of cloud-based workforce analytics by American and Canadian businesses, along with the shift toward cloud-based workforce analytics software as a service, will help the market's expansion. The North American regional market is followed by the regions of Europe and the Asia-Pacific.
The Asia Pacific region's increased infrastructure and awareness of the benefits of workforce analytics are expected to drive market growth over the course of the forecast period. In the APAC region, India, China, and Japan hold the largest market shares for workforce analytics. The rapid economic growth in the area and rising levels of citizen wealth are both essential factors in this market's growth.
Market Segmentation :
The deployment, organisation size, type, industry vertical, and geography are the segments used in the segmental analysis of the workforce analytics market. The workforce analytics industry is divided into two groups based on the size of the organisation: large and SME's. The workforce analytics market is segmented into solutions and services based on type. The workforce analytics industry is divided into on-premise and on-cloud deployment types. The workforce analytics market is divided into insurance, retail, banking, logistics, healthcare, government, and manufacturing based on the vertical industries they serve. The workforce analytics market is divided into Europe, North America, Asia Pacific, and other regions based on the regions.
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Key Players :
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), Aquire, 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.
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