Global HR Analytics Market Industry Analysis & Growth Forecast to 2024 - Predicted to Advance at a 15.6% CAGR in the Coming Years - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "HR Analytics Market Research Report: By Offering, Deployment Type, Enterprise Size, Industry, Geographical Outlook - Global Industry Analysis and Growth Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The HR analytics market is predicted to advance at a 15.6% CAGR in the coming years, as reported in the study.

Human resource management (HR) is used as an umbrella term for describing the management of employees in an organization. The term human resources' was coined in the 1960s for the very first time. Human resource management aims at increasing the effectiveness of a business or an organization.

The entire spectrum of work, such as creating, cultivating, and managing the employer-employee relationship comes under human resources. Businesses can be small, medium, or large, and depending on the size, appropriate work force is required to carry out activities smoothly. For that, the need for workforce optimization is being felt as it helps in making operations more efficient. Workforce optimization does that by aligning skills and resources to a specific job, empower the HR manager to monitor an employee's contribution and performance, record performance data in a structured form that helps in decision making, and track work progress and identify missed goals. This helps in developing an understanding of an employee's strengths and weaknesses. Therefore, by articulating a commendable workforce planning strategy, HR analytics software is helping organizations remain strong and flourish.

HR analytics is helping industries, such as retail, banking, financial services, and insurance (BFSI), government, manufacturing, energy & utilities, entertainment, oil & gas, hospitality, automotive, logistics, information technology & telecom, education, and healthcare organize their workflow. The BFSI sector faces a crisis in recruiting new talent and finding a replacement for people nearing the age of retirement or people who leave. Further, as the job profile in this sector is pretty rigid, the BFSI sector doesn't come across as the ideal choice of workplace for many young professionals. Therefore, the HR analytics software is helping these organizations in creating a personalized employee experience in the same way as marketing departments work for providing personalized customer experience. Further, the software employs artificial intelligence (AI) and cloud computing to establish trends from the HR data and data from other sources, such as the social media.

Key Topics Covered:

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Offering

1.3.2 Market Segmentation by Deployment Type

1.3.3 Market Segmentation by Enterprise Size

1.3.4 Market Segmentation by Industry

1.3.5 Market Segmentation by Region

1.3.6 Analysis Period

1.3.7 Market Data Reporting Unit

1.3.7.1 Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends

4.3.2 Drivers

4.3.3 Restraints

4.3.4 Opportunities

4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

5.1 By Offering

5.1.1 Solutions, by Type

5.1.2 Services, by Type

5.2 By Deployment Type

5.3 By Enterprise Size

5.4 By Industry

5.5 By Region

Chapter 6. North America Market Size and Forecast

6.1 By Offering

6.1.1 Solutions, by Type

6.1.2 Services, by Type

6.2 By Deployment Type

6.3 By Enterprise Size

6.4 By Industry

6.5 By Country

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape

11.1 List of Key Players

11.2 Market Share Analysis of Key Players

11.3 Competitive Benchmarking of Key Players

11.4 Recent Activities of Major Players

11.5 Strategic Developments of Key Players

11.5.1 Mergers and Acquisitions

11.5.2 Partnerships

11.5.3 Product Launches

Chapter 12. Company Profiles

12.1 International Business Machines (IBM) Corporation

12.2 Oracle Corporation

12.3 SAP SE

12.4 MicroStrategy Incorporated

12.5 Infor

12.6 Sage Group plc

12.7 Workday Inc.

12.8 Automatic Data Processing (ADP) Inc.

12.9 Kronos Incorporated

12.10 Visier Inc.

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