Workforce Analytics Market for amazing experience
Dallas, Jan. 28, 2022 (GLOBE NEWSWIRE) — Workforce analytics is also known as workforce planning. It is a type of method that is used to make better decisions associated with recruiting, retaining, and managing staff by analyzing employee data and return on investment. The workforce analytics model is used to improve HR efficiency and people-related decision making. For example, employee management can also be categorized under workforce analysis.
The growing use of workforce analytics for competitive advantage and to shape the future of HR is driving increased adoption of workforce analytics. Global workforce engagement and onboarding, overwhelming use of big data in HR, growing demand for workforce analytics to assess workforce and Getting better business results due to growing business competition are driving the world. workforce analytics market. Tools that enable workforce analytics to measure training and development, personnel management, hiring costs, and other attributes that help companies improve their human resources.
Key players in the global workforce analytics market are Genpact Ltd., Visier, Inc., SAP Success Factors, Kronos, Inc., Aquire, Inc., Peoplefluent Companies, Workday, Inc., Towers Watson & Co., PeopleStreme Pty. Ltd., Cornerstone OnDemand, Inc., Oracle Corporation, Tableau Software, Inc. and WorkForce Software LLC. Well-known companies offer new, modern workforce analysis software solutions.
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The ever-increasing demand for successful ROI and improved strategies to increase overall revenue is driving the use of workforce technologies, especially in the corporate world. Other variables such as changing business environment, workforce optimization, changing work dynamics propel the adoption of workforce analytics technologies , thereby driving the global workforce analytics market. However, data security and compliance issues, lack of professional expertise, insufficient IT resources are some of the major challenges facing the global workforce analytics market.
Additionally, the use of advanced workforce analytics to address HR challenges, technical training programs for employees, advanced data security and compliance measures in place are expected to provide opportunities for growth. to the global workforce analytics market. Additionally, growing concern of organizations related to huge human capital data is the key factor driving the global workforce analytics market. Growing implementation of human capital information system to accelerate profitability and decreasing operational costs are driving the global workforce analytics market. Predictive analytics to identify the likelihood of future opportunities based on past data is also attracting growing interest in workforce analytics technologies.
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Based on various components, the market is categorized into solutions and services. The solutions segment is expected to perform well and generate substantial revenue in the global workforce analytics market. The Deployment segment is categorized into two segments, namely on-premises and in the cloud. The on-site segment is highly preferred by the organization which is expected to drive the market in the coming years. On-premise offering provides full control over licensing, better data protection, one-time investment, independent licensing from external service provider and deeper integration into customer infrastructure are key factors driving growth of the on-site segment in the global workforce analysis. Marlet. Depending on the size of the organization, workforce analysis is implemented by large, small, and medium organizations. Large companies accounted for a large share of the market due to high investment potential, better awareness and higher expertise team. Sectors such as BFSI, IT & Telecom, Retail, E-Commerce, Healthcare, and other industry verticals are implementing workforce analytics technologies to better business performance.
Global Workforce Analytics Market Segment Overview
Component Overview, 2019-2028 (USD Million)
• Consulting services
• System integration services
• Managed services
Deployment Model Overview, 2019-2028 (USD Million)
• On the site
Organization Size Overview, 2019-2028 (USD Million)
• Big business
• Small and medium enterprises
Industry Vertical Overview, 2019-2028 (USD Million)
• IT & Telecom
• Retail and e-commerce
• Government and public sector
• Health care
Regional Overview, 2019-2028 (USD Million)
• North America
• Rest of Europe
• Asia Pacific
• Rest of Asia-Pacific
• Middle East and Africa
• South Africa
• Rest of the Middle East and Africa
• South America
• Rest of South America
Answers to key questions in the market research report:
• What are the key factors driving the growth of the global workforce analytics market?
• What is the key result of the analysis of the five market forces of the main countries and the analysis of the workforce?
• What is the 5-year growth forecast of the Global Workforce Analytics Market with Revenue and CAGR?
• What is the size of the industry by region, the growth drivers and key market trends?
• Who are the major key players and what are their key business plans in the Workforce Analytics market?
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Workforce Analytics Market by Component
Chapter 6 Workforce Analytics Market by Deployment Model
Chapter 7 Workforce Analytics Market by Organization Size
Chapter 8 Workforce Analytics Market by Vertical
Chapter 9 Workforce Analytics Market by Region
Chapter 10 Competitive Landscape
Chapter 11 Business Profiles
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