Analyzing the Global Workforce Analytics Market, 2019-2023 – A CAGR of Approx 16% is Projected – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Workforce Analytics Market by End-users and Geography – Global Forecast and Analysis 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The workforce analytics market analysis considers sales from retail, BFSI, telecom & IT, healthcare, manufacturing, and other end-users. The analysis also considers the sales of workforce analytics in APAC, Europe, North America, South America, and MEA.

In 2018, the retail segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as rising investments in retaining and hiring skilled workforce will play a significant role in the retail segment to maintain its market position.

Also, the report looks at factors such as demand for efficient workforce management and recruitment, rise in demand for cloud-based solutions, and use of automation in HR processes. However, lack of skilled workforce, data quality and workforce issues, and availability of open-source workforce analytics may hamper the growth of the workforce analytics industry over the forecast period.

Demand for efficient workforce management and recruitment

The workforce management process has been evolving with the need for diverse skills, specialized HR needs, and the rising complexity of talent management. To avoid manual errors, organizations are adopting analytics to automate processes.

Large organizations are using predictive analytics and modeling technologies to prioritize recruitment workflows, conduct workforce planning, evaluate different recruiting sources, assess the quality of hiring, and use pre-hire assessments. Thus, the adoption of workforce analytics software will save cost, time, and improve operational efficiency and lead to the expansion of the market at a CAGR of almost 16% during the forecast period.

Growth of AI-based workforce analytics

Enterprises are focusing on gaining real-time access to employee data, which can help enterprises in their decision-making process. The use of AI is increasing due to its ability to improve productivity and provide accurate results within a short span of time period.

The use of AI in workforce analytics enables enterprises to automate the gathering and integration of employee data from numerous systems into one platform and facilitate data-driven decisions. Thus, the use of AI-based workforce analytics results in improved employee relations and helps in automating hiring processes. This growth is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of a few major players, the global workforce analytics market is moderately concentrated. 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 few leading workforce analytics manufacturers, that include:

  • ADP LLC
  • Cornerstone OnDemand Inc.
  • IBM Corp.
  • Kronos Inc.
  • Oracle Corp.
  • Paycor Inc.
  • SAP SE
  • Tableau Software Inc.
  • The Ultimate Software Group Inc.
  • Workday Inc.

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 on all forthcoming growth opportunities.

Key Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Comparison by end-user
  • Retail – Market size and forecast 2018-2023
  • BFSI – Market size and forecast 2018-2023
  • Telecom & IT – Market size and forecast 2018-2023
  • Healthcare – Market size and forecast 2018-2023
  • Manufacturing – Market size and forecast 2018-2023
  • Other end-users – Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America – Market size and forecast 2018-2023
  • Europe – Market size and forecast 2018-2023
  • APAC – Market size and forecast 2018-2023
  • South America – Market size and forecast 2018-2023
  • MEA – Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

  • Mobile applications for workforce analytics
  • Growth of AI-based workforce analytics
  • Growing number of acquisitions and partnerships

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ADP LLC
  • Cornerstone OnDemand Inc.
  • IBM Corp.
  • Kronos Inc.
  • Oracle Corp.
  • Paycor Inc.
  • SAP SE
  • Tableau Software Inc.
  • The Ultimate Software Group Inc.
  • Workday Inc.

For more information about this report visit https://www.researchandmarkets.com/r/kg8rw7

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