Global Workforce Analytics Market, By Type (Solutions, Services), By Deployment (On Premise, on cloud) By Organization Size (Large, SME’s) and By Industry (Banking, Insurance Government, Retail, Logistics, Healthcare, Manufacturing).
ID: MRFR/ICT/3187-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis of Global Workforce Analytics Market:
The global workforce analytics market holds some prominent key players and emerging organizations which constantly upgrade their technologies by investing in research and development. These are ADP LLC (U.S.), Aquire, Inc (U.S.), Cornerstone OnDemand Inc (U.S.), Genpact Ltd (Bermuda), IBM Corporation (U.S.) Kronos Inc (U.S.), Oracle Corporation (U.S.), PeopleSreme Pty. Ltd (Australia), SAP SE (Germany), Tableau Software (U.S.), Tower Watson & Co (U.S.), Visier Inc (Canada), Workday Inc (U.S.), WorkForce Software, LLC (U.S.) among others.
Workforce analytics is a platform designed by the combination of software and algorithms implementing the statistical models to the work force related data giving the benefit to the enterprises to efficiently optimize the human resources management. The result of the workforce analytics allows the organizations to develop and improve the methods of recruiting and effectively take the hiring decisions. Additionally the analytics software help the organizations identify the new positions needs and predicting the success of the employee. This proves a great benefit to the higher management in identifying the factors that influence the employee job satisfaction.
With the advancements in technology and increase in the global trade, it has made a huge impact on the work culture across the globe for different organizations resulting in the decrease of the skilled workforce. This dynamic change in the workforce has made the management to utilize the workforce analytics to better optimize the customer needs and employee workforce.
The market for workforce analytics is segmented by type, deployment, organization size, industry vertical and by region. On the basis of type, it is divided into solutions and services. Services are further bifurcated as consulting service, system integration service, and managed services. The services segment is dominating the market for workforce analytics by type due to changing workforce and labor challenges that are faced by the enterprises globally. Also, due to the changing work dynamics and different governmental labor rules and regulations, the demand for consulting services is growing and is expected to grow significantly in the forecasted period. The segmentation is also done on the basis of deployment. Under deployment, the cloud-based workforce analytics is leading segment in workforce analytics market majorly due to ease of implementation and user-friendly environmental features. The market is also divided into large organizations and SME’s under organization size for the industry verticals like banking, insurance, government, retail, and logistics, healthcare and manufacturing.
Global Workforce Analytics Market, USD Million
On the basis of region, the market for workforce analytics is divided into North America, Europe, Asia pacific and rest of the world. North America region is leading the market in workforce analytics majorly due to the presence of big and large number of vendors. Also Increase in the early adoption of cloud - based workforce analytics from U.S and Canadian companies with the shift towards software as a service in cloud-based workforce analytics. Following North America is Europe and Asia pacific. Various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. The leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio.
The global workforce analytics market is expected to reach approximately USD 1026 Million by the end of 2023 with 13 % CAGR during the forecasted period from 2017 – 2023.
Segments
For the purpose of this study, Market Research Future has segmented the market of workforce analytics into type, deployment, organization size, industry vertical and region.
Type
- Solution
- Services
Deployment
- On Premise
- On Cloud
Organization Size
- Large
- SME’s
Industry Vertical
- Banking
- Insurance
- Government
- Retail
- Logistics
- Healthcare
- Manufacturing
Region
- North America
- Europe
- Asia pacific
- Rest of the world.
Intended Audience
- Storage providers
- Network providers
- Banking Institutions
- Insurance providers
- Higher management
- Research firms
- Software investors
- Software Developers
- Software Testers
- Analytics solutions providers
- IT enablers
- Database solutions
- Cloud providers
- Insurance companies
- Banks
- Telecommunication companies
Frequently Asked Questions (FAQ) :
Implementation of workforce analytics facilitates efficient optimization of the human resource of the organization.
The workforce analytics market is projected to register 13% CAGR.
The workforce analytics market is anticipated to earn revenues worth USD 1026 Mn by 2023 end.
North America, due to the consolidation of major vendors, is anticipated to lead the workforce analytics market.
The end-user industries of workforce analytics are banking, retail, logistics, insurance, government, healthcare, and manufacturing, among others.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH WORKFORCE ANALYTICS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 WORKFORCE ANALYTICS MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY TYPE
6.2.1.1 SOLUTIONS
6.2.1.2 SERVICES
6.2.2 BY DEPLOYMENT
6.2.2.1 ON PREMISE
6.2.2.2 ON CLOUD
6.2.3 BY ORGANIZATION SIZE
6.2.3.1 LARGE
6.2.3.2 SME’S
6.2.4 BY INDUSTRY
6.2.4.1 BANKING
6.2.4.2 INSURANCE
6.2.4.3 GOVERNMENT
6.2.4.4 RETAIL
6.2.4.5 LOGISTICS
6.2.4.6 HEALTHCARE
6.2.4.7 MANUFACTURING
6.2.5 BY REGION
6.2.5.1 NORTH AMERICA
6.2.5.1.1 U.S.
6.2.5.1.2 CANADA
6.2.5.1.3 MEXICO
6.2.5.2 EUROPE
6.2.5.2.1 U.K.
6.2.5.2.2 GERMANY
6.2.5.2.3 FRANCE
6.2.5.2.4 ITALY
6.2.5.2.5 REST OF THE EUROPE
6.2.5.3 ASIA PACIFIC
6.2.5.3.1 CHINA
6.2.5.3.2 JAPAN
6.2.5.3.3 SOUTH KOREA
6.2.5.3.4 INDIA
6.2.5.3.5 REST OF THE ASIA PACIFIC
6.2.5.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 ADP LLC (U.S.)
7.2.2 AQUIRE, INC (U.S.)
7.2.3 CORNERSTONE ONDEMAND INC (U.S.)
7.2.4 GENPACT LTD (BERMUDA)
7.2.5 IBM CORPORATION (U.S.)
7.2.6 KRONOS INC (U.S.)
7.2.7 ORACLE CORPORATION (U.S.)
7.2.8 PEOPLESREME PTY. LTD (AUSTRALIA)
7.2.9 SAP SE (GERMANY)
7.2.10 TABLEAU SOFTWARE (U.S.)
7.2.11 TOWER WATSON & CO (U.S.)
7.2.12 VISIER INC (CANADA)
7.2.13 WORKDAY INC (U.S.)
7.2.14 WORKFORCE SOFTWARE, LLC (U.S.)
7.2.15 OTHERS
LIST OF TABLES
TABLE 1 WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 2 WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 3 WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 4 WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 5 WORKFORCE ANALYTICS MARKET, BY REGION
TABLE 6 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 7 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 8 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 9 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 10 U.S. WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 11 U.S. WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 12 U.S. WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 13 U.S. WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 14 CANADA WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 15 CANADA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 16 CANADA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 17 CANADA WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 18 MEXICO WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 19 MEXICO WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 20 MEXICO WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 21 MEXICO WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 22 EUROPE WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 23 EUROPE WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 24 EUROPE WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 25 EUROPE WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 26 U.K. WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 27 U.K. WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 28 U.K. WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 29 U.K. WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 30 GERMANY WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 31 GERMANY WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 32 GERMANY WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 33 GERMANY WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 34 FRANCE WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 35 FRANCE WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 36 FRANCE WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 37 FRANCE WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 38 ITALY WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 39 ITALY WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 40 ITALY WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 41 ITALY WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 42 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 43 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 44 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 45 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 46 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 47 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 48 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 49 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 50 CHINA WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 51 CHINA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 52 CHINA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 53 CHINA WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 54 JAPAN WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 55 JAPAN WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 56 JAPAN WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 57 JAPAN WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 58 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 59 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 60 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 61 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 62 INDIA WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 63 INDIA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 64 INDIA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 65 INDIA WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 66 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 67 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 68 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 69 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY INDUSTRY
TABLE 70 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY TYPE
TABLE 71 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT
TABLE 72 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE
TABLE 73 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY INDUSTRY
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 3 WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 4 WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 5 WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 6 WORKFORCE ANALYTICS MARKET, BY REGION (%)
FIGURE 7 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 8 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 9 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 10 NORTH AMERICA WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 11 U.S. WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 12 U.S. WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 13 U.S. WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 14 U.S. WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 15 CANADA WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 16 CANADA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 17 CANADA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 18 CANADA WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 19 MEXICO WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 20 MEXICO WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 21 MEXICO WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 22 EUROPE WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 23 EUROPE WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 24 EUROPE WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 25 EUROPE WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 26 U.K. WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 27 U.K. WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 28 U.K. WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 29 U.K. WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 30 GERMANY WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 31 GERMANY WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 32 GERMANY WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 33 GERMANY WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 34 FRANCE WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 35 FRANCE WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 36 FRANCE WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 37 FRANCE WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 38 ITALY WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 39 ITALY WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 40 ITALY WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 41 ITALY WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 42 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 43 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 44 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 45 REST OF EUROPE WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 46 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 47 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 48 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 49 ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 50 CHINA WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 51 CHINA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 52 CHINA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 53 CHINA WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 54 JAPAN WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 55 JAPAN WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 56 JAPAN WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 57 JAPAN WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 58 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 59 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 60 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 61 SOUTH KOREA WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 62 INDIA WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 63 INDIA WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 64 INDIA WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 65 INDIA WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 66 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 67 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 68 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 69 REST OF ASIA PACIFIC WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)
FIGURE 70 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY TYPE (%)
FIGURE 71 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY DEPLOYMENT (%)
FIGURE 72 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY ORGANIZATION SIZE (%)
FIGURE 73 REST OF WORLD WORKFORCE ANALYTICS MARKET, BY INDUSTRY (%)