HR Analytics Market By Offering (Solution, Services), By Deployment Model (On-premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Application (Candidate Recruitment, Employee Retention, Employee Learning and Development, Employee Engagement, Workforce Management), By Industry Vertical (BFSI, Manufacturing, Healthcare, Media and Entertainment, Retail and E-commerce, IT and Telecom, Transportation and Logistics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
HR analytics is the process of collecting and analyzing human resource (HR) data to improve an organization’s workforce performance. The process can also be referred to as talent analytics, people analytics, or even workforce analytics. Analytics in HR have streamlined business processes globally by helping companies recruit people with the right skills, managing talent more efficiently and solving any problem that may affect staff morale adversely.
The demand for HR analytics is expected to increase across industries as organizations increase their need to improve efficiency and reduce operational costs. This allows companies to drive workforce optimization and provide a benchmark for improving overall workforce performance. Massive amounts of unstructured data can be assessed and retrieved in real-time to make business decisions about the use of human resource utilization critical to the growth of the HR analytics market. In addition, the development of technologies in the fields of machine learning (ML), big data analytics, artificial intelligence (AI), and Internet of Things (IoT) is expected to have a positive impact on the market growth. However, the lack of skilled workforce will hamper the HR analytics market during the forecast period.
The HR analytics market is segmented on the basis of offering, enterprise size, deployment mode, application, industry vertical and region. On the basis of offering, the market is bifurcated into solution and services. Depending on services, the market is divided into professional services and managed services. Depending on professional services, the market is further classified into training & education, integration & deployment, and support & maintenance. By organization size, it is categorized into large enterprises and SMEs. On the basis of deployment, the market is divided into cloud and on-premise. Depending on application, the market is segregated into candidate recruitment, employee retention, employee learning and development, employee engagement, and workforce management. By industry vertical, the market is fragmented into BFSI, healthcare, retail & E-commerce, manufacturing, IT & telecom, transportation &logistics, media & entertainment, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players in the market are Crunchr, Gaininsights, IBM Corporation, Infor, Kronos Incorporated, Microstrategy Incorporated, Oracle Corporation, Sage group PLC, SAP SE, Sisense Inc, Tableau Software Inc, Talentsoft, Visier Inc, Workday Inc, Zoho Corporation, Zoios, and Legartise.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hr analytics market analysis from 2021 to 2031 to identify the prevailing hr analytics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hr analytics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hr analytics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Industry Vertical
Media and Entertainment
Retail and E-commerce
IT and Telecom
Sector
IT Companies
Telecommunication Companies
Others
Transportation and Logistics
Others
BFSI
Manufacturing
Healthcare
By Offering
Solution
Services
Service Type
Professional Services
Managed Services
By Deployment Model
On-premise
Cloud
By Enterprise Size
Large Enterprises
SMEs
By Application
Candidate Recruitment
Employee Retention
Employee Learning and Development
Employee Engagement
Workforce Management
By Region
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Netherlands
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Singapore
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
IBM Corporation (U.S.)
Talentsoft
Visier Inc
Workday Inc
Crunchr
gaininsights solutions
INFOR INC
Kronos Incorporated
Microstrategy Incorporated
Oracle Corporation
Sage Group plc
SAP SE
Sisense Inc
Tableau Software Inc
zoho corporation
Zoios
Legartise
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