North America Workforce Analytics Market Size, Share & Industry Trends Analysis Report By Component, By Vertical, By Organization size (Large Enterprises and SMEs), By Deployment Mode, By Country and Growth Forecast, 2023 - 2029
The North America Workforce Analytics Market would witness market growth of 16.0% CAGR during the forecast period (2023-2029).
One of the most important kinds of workforce analytics is predictive analytics. Forecasting is the process of making predictions using historical data from the workforce. The main statistical methods used in this workforce analytics are machine learning and data mining. Several businesses use predictive workforce analytics to improve employee satisfaction and expedite procedures. Businesses typically employ regression analysis, multivariate statistics, pattern matching, and other approaches in this process to help them forecast future risks and talent outcomes.
The corporation needs adaptability, innovation, speed, and talent to set itself apart from rival businesses in today's international economy. Employee investment in workforce planning and corporate success have been given more attention because of this. Each organization's human capital is a valuable resource. Analyzing internal data on people can lead to better productivity, higher employee engagement, and lower employee turnover. In addition, with the development of technology and the expansion of international trade, management now needs to use workforce analytics to more effectively balance the needs of customers and the employee workforce.
The US is a technically advanced nation; hence a wide range of industries in the nation has a high adoption rate for cutting-edge technologies. The US is home to a wide variety of industries and is the world's leading pioneer in high technology, further encouraging the adoption of HR-based solutions nationwide. The US draws many businesses from various industries to establish their headquarters there because it is a technologically advanced nation. Also, the US government is putting a lot of effort into boosting labor productivity and efficiency by employing HRM solutions for payroll, time, attendance, and talent management in organizations, which further propels the workforce analytics market in the region.
The US market dominated the North America Workforce Analytics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,228 million by 2029. The Canada market is poised to grow at a CAGR of 18.7% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 17.6% during (2023 - 2029).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Manufacturing, Retail & Ecommerce, Government, Healthcare & Life Sciences, Education, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Salesforce, Inc. (Tableau Software, LLC), Oracle Corporation, ADP, Inc., Workday, Inc., Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.), Visier, Inc., UKG, Inc. and WorkForce Software, LLC.
Scope of the Study
Market Segments covered in the Report:
By Component
Solution
Services
By Vertical
IT & Telecom
BFSI
Manufacturing
Retail & Ecommerce
Government
Healthcare & Life Sciences
Education
Energy & Utilities
Others
By Organization size
Large Enterprises
SMEs
By Deployment Mode
On-premise
Cloud
By Country
US
Canada
Mexico
Rest of North America
Companies Profiled
IBM Corporation
SAP SE
Salesforce, Inc. (Tableau Software, LLC)
Oracle Corporation
ADP, Inc.
Workday, Inc.
Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
Visier, Inc.
UKG, Inc.
WorkForce Software, LLC
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Workforce Analytics Market, by Component
- 1.4.2 North America Workforce Analytics Market, by Vertical
- 1.4.3 North America Workforce Analytics Market, by Organization size
- 1.4.4 North America Workforce Analytics Market, by Deployment Mode
- 1.4.5 North America Workforce Analytics Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, May – 2023, Mar) Leading Players
- Chapter 4. North America Workforce Analytics Market by Component
- 4.1 North America Solution Market by Country
- 4.2 North America Services Market by Country
- Chapter 5. North America Workforce Analytics Market by Vertical
- 5.1 North America IT & Telecom Market by Country
- 5.2 North America BFSI Market by Country
- 5.3 North America Manufacturing Market by Country
- 5.4 North America Retail & Ecommerce Market by Country
- 5.5 North America Government Market by Country
- 5.6 North America Healthcare & Life Sciences Market by Country
- 5.7 North America Education Market by Country
- 5.8 North America Energy & Utilities Market by Country
- 5.9 North America Other Vertical Market by Country
- Chapter 6. North America Workforce Analytics Market by Organization size
- 6.1 North America Large Enterprises Market by Country
- 6.2 North America SMEs Market by Country
- Chapter 7. North America Workforce Analytics Market by Deployment Mode
- 7.1 North America On-premise Market by Country
- 7.2 North America Cloud Market by Country
- Chapter 8. North America Workforce Analytics Market by Country
- 8.1 US Workforce Analytics Market
- 8.1.1 US Workforce Analytics Market by Component
- 8.1.2 US Workforce Analytics Market by Vertical
- 8.1.3 US Workforce Analytics Market by Organization size
- 8.1.4 US Workforce Analytics Market by Deployment Mode
- 8.2 Canada Workforce Analytics Market
- 8.2.1 Canada Workforce Analytics Market by Component
- 8.2.2 Canada Workforce Analytics Market by Vertical
- 8.2.3 Canada Workforce Analytics Market by Organization size
- 8.2.4 Canada Workforce Analytics Market by Deployment Mode
- 8.3 Mexico Workforce Analytics Market
- 8.3.1 Mexico Workforce Analytics Market by Component
- 8.3.2 Mexico Workforce Analytics Market by Vertical
- 8.3.3 Mexico Workforce Analytics Market by Organization size
- 8.3.4 Mexico Workforce Analytics Market by Deployment Mode
- 8.4 Rest of North America Workforce Analytics Market
- 8.4.1 Rest of North America Workforce Analytics Market by Component
- 8.4.2 Rest of North America Workforce Analytics Market by Vertical
- 8.4.3 Rest of North America Workforce Analytics Market by Organization size
- 8.4.4 Rest of North America Workforce Analytics Market by Deployment Mode
- Chapter 9. Company Profiles
- 9.1 IBM Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Regional & Segmental Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Acquisition and Mergers:
- 9.1.5.3 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 SAP SE
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Acquisition and Mergers:
- 9.2.5.3 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Salesforce, Inc. (Tableau Software, LLC)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Acquisition and Mergers:
- 9.3.5.3 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Oracle Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 ADP, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Product Launches and Product Expansions:
- 9.5.4.2 Acquisition and Mergers:
- 9.6 Workday, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Partnerships, Collaborations, and Agreements:
- 9.6.4.2 Acquisition and Mergers:
- 9.7 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
- 9.7.1 Company Overview
- 9.7.2 Recent strategies and developments:
- 9.7.2.1 Product Launches and product Expansions:
- 9.7.2.2 Acquisitions and Mergers:
- 9.8 Visier, Inc.
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Partnerships, Collaborations, and Agreements:
- 9.8.2.2 Product Launches and Product Expansions:
- 9.9 UKG, Inc.
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Acquisition and Mergers:
- 9.10. WorkForce Software, LLC
- 9.10.1 Company Overview
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