Global Workforce Analytics Market Growth (Status and Outlook) 2023-2029

Global Workforce Analytics Market Growth (Status and Outlook) 2023-2029

Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM).

Workforce analytics can help enterprise leaders to develop and improve recruiting methods, make general and specific hiring decisions, and keep the best workers with the company. In addition, workforce analytics can help management personnel to:

(1) Predict the probability of an individual employee's success.

(2) Identify the need for new departments and positions.

(3) Determine which departments or positions can be reassigned or eliminated.

(4) Identify and quantify physical risks to employees in specific positions.

(5) Identify and quantify factors that influence employee job satisfaction.

(6) Analyze and predict current and future technological needs.

(7) Assign and delegate responsibility for tasks and goals.

(8) Optimize the enterprise's organizational structure.

(9) Help the enterprise to identify, encourage, and cultivate its future leaders.

LPI (LP Information)' newest research report, the “Workforce Analytics Industry Forecast” looks at past sales and reviews total world Workforce Analytics sales in 2022, providing a comprehensive analysis by region and market sector of projected Workforce Analytics sales for 2023 through 2029. With Workforce Analytics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Workforce Analytics industry.

This Insight Report provides a comprehensive analysis of the global Workforce Analytics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Workforce Analytics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Workforce Analytics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Workforce Analytics and breaks down the forecast by type, by number of employees, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Workforce Analytics.

The global Workforce Analytics market size is projected to grow from US$ 1327.1 million in 2022 to US$ 3300.6 million in 2029; it is expected to grow at a CAGR of 13.9% from 2023 to 2029.

The industry is fragmented, the key brand include Kronos, SAP, Oracle, IBM, ADP, SAS Institute Inc, WorkForce Software, Ultimate Software, Genpact, Workday, Visier and so on. Kronos are the leader of this industry with about 13% market shares.

This report presents a comprehensive overview, market shares, and growth opportunities of Workforce Analytics market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

On-premise Deployment

SaaS Deployment

Segmentation by number of employees

Under 100

100-499

500-999

1,000-4,999

Above 5000

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Kronos

SAP

Oracle

IBM

ADP

SAS Institute Inc

WorkForce Software

Ultimate Software

Genpact

Workday

Visier

Please note: The report will take approximately 2 business days to prepare and deliver.