Global Workforce Analytics Market 2024-2028
The workforce analytics market is forecasted to grow by USD 2562.1 mn during 2023-2028, accelerating at a CAGR of 17.74% during the forecast period. The report on the workforce analytics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the demand for efficient workforce management and recruitment, the rise in demand for cloud-based solutions, and the use of automation in HR processes.
Technavio's workforce analytics market is segmented as below:
ByEnd-user
- Retail
- BFSI
- Telecom and IT
- Healthcare
- Others
ByApplication
- Large enterprises
- Small and medium sized enterprise
ByGeography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing use of mobile applications for workforce analytics as one of the prime reasons driving the workforce analytics market growth during the next few years. Also, the growth of ai-based workforce analytics and increased demand for real-time analytics will lead to sizable demand in the market.
The report on the workforce analytics market covers the following areas:
- Workforce analytics market sizing
- Workforce analytics market forecast
- Workforce analytics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading workforce analytics market vendors that include Accenture Plc, Automatic Data Processing Inc., Brightfield, Bullhorn Inc., Ceridian HCM Holding Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., International Business Machines Corp., Jobvite Inc., Koch Industries Inc., Kronos Inc., New Mountain Capital Group, L.P., Oracle Corp., Paycor Inc., PredictiveHR Inc., Salesforce Inc., SAP SE, Visier Inc., Workday Inc., and WorkForce Software LLC. Also, the workforce analytics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.