LONDON--(BUSINESS WIRE)--The global workforce analytics market size is poised to grow by USD 842.89 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 16% during the forecast period.
Read the 154-page research report with TOC on "Workforce Analytics Market Analysis Report by end-user (retail, BFSI, telecom and IT, healthcare, manufacturing, and other end-users) and geography (North America, Europe, APAC, MEA, and South America) 2019 - 2023". Request a Free Sample Report
The market is driven by the demand for efficient workforce management and recruitment. In addition, the rise in demand for cloud-based solutions is expected to further boost the growth of the workforce analytics market.
The increasing need for diverse skills and the rising complexity of talent management has encouraged recruiters to adopt advanced workforce management process. Organizations are increasingly experimenting with tech-based solutions and services for their talent acquisition needs. Thus, a majority of the organizations are increasingly adopting workforce analytics software to save cost, time, and improve operational efficiency. This will fuel the growth of the workforce analytics market during the forecast period.
The adoption of cloud computing solutions is increasing with SMEs increasingly focusing on reducing their CAPEX. The adoption of cloud solutions helps companies to leverage the scalability of hardware and resources offered by cloud providers. The deployment of analytics technologies with cloud services helps organizations manage large volumes of data related to HR capital. Thus, the rising demand for cloud-based solutions will drive the growth of the workforce analytics market.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- ADP LLC
- Cornerstone OnDemand Inc.
- IBM Corp
- Kronos Inc.
- Oracle Corp.
Market Segmentation by End-Users:
The workforce analytics market can be broadly categorized into the following segments:
- Telecom and IT
- Other end-users
Key Regions for the Workforce analytics Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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