+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

HR Analytics Market By Offering, By Deployment Model, By Enterprise Size, By Application, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

  • PDF Icon

    Report

  • 345 Pages
  • October 2022
  • Region: Global
  • Allied Market Research
  • ID: 5725215
HR analytics is the process of collecting and analyzing human resource (HR) data to improve an organization’s workforce performance. The process can also be referred to as talent analytics, people analytics, or even workforce analytics. Analytics in HR have streamlined business processes globally by helping companies recruit people with the right skills, managing talent more efficiently and solving any problem that may affect staff morale adversely.

The demand for HR analytics is expected to increase across industries as organizations increase their need to improve efficiency and reduce operational costs. This allows companies to drive workforce optimization and provide a benchmark for improving overall workforce performance. Massive amounts of unstructured data can be assessed and retrieved in real-time to make business decisions about the use of human resource utilization critical to the growth of the HR analytics market. In addition, the development of technologies in the fields of machine learning (ML), big data analytics, artificial intelligence (AI), and Internet of Things (IoT) is expected to have a positive impact on the market growth. However, the lack of skilled workforce will hamper the HR analytics market during the forecast period.

The HR analytics market is segmented on the basis of offering, enterprise size, deployment mode, application, industry vertical and region. On the basis of offering, the market is bifurcated into solution and services. Depending on services, the market is divided into professional services and managed services. Depending on professional services, the market is further classified into training & education, integration & deployment, and support & maintenance. By organization size, it is categorized into large enterprises and SMEs. On the basis of deployment, the market is divided into cloud and on-premise. Depending on application, the market is segregated into candidate recruitment, employee retention, employee learning and development, employee engagement, and workforce management. By industry vertical, the market is fragmented into BFSI, healthcare, retail & E-commerce, manufacturing, IT & telecom, transportation &logistics, media & entertainment, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players in the market are Crunchr, Gaininsights, IBM Corporation, Infor, Kronos Incorporated, Microstrategy Incorporated, Oracle Corporation, Sage group PLC, SAP SE, Sisense Inc, Tableau Software Inc, Talentsoft, Visier Inc, Workday Inc, Zoho Corporation, Zoios, and Legartise.

KEY BENEFITS FOR STAKEHOLDERS

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hr analytics market analysis from 2021 to 2031 to identify the prevailing hr analytics market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the hr analytics market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global hr analytics market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Industry Vertical

  • Media and Entertainment
  • Retail and E-commerce
  • IT and Telecom
  • Sector
  • IT Companies
  • Telecommunication Companies
  • Others
  • Transportation and Logistics
  • Others
  • BFSI
  • Manufacturing
  • Healthcare

By Offering

  • Solution
  • Services
  • Service Type
  • Professional Services
  • Managed Services

By Deployment Model

  • On-premise
  • Cloud

By Enterprise Size

  • Large Enterprises
  • SMEs

By Application

  • Candidate Recruitment
  • Employee Retention
  • Employee Learning and Development
  • Employee Engagement
  • Workforce Management

By Region

  • North America
  • U. S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest Of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Singapore
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • IBM Corporation (U. S. )
  • Talentsoft
  • Visier Inc
  • Workday Inc
  • Crunchr
  • gaininsights solutions
  • INFOR INC
  • Kronos Incorporated
  • Microstrategy Incorporated
  • Oracle Corporation
  • Sage Group plc
  • SAP SE
  • Sisense Inc
  • Tableau Software Inc
  • zoho corporation
  • Zoios
  • Legartise

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: HR ANALYTICS MARKET, BY OFFERING
4.1 Overview
4.1.1 Market size and forecast
4.2 Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Services
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.3.4 Services HR Analytics Market by Service Type
4.3.4.1 Professional Services Market size and forecast, by region
4.3.4.2 Professional Services Market size and forecast, by country
4.3.4.3 Managed Services Market size and forecast, by region
4.3.4.4 Managed Services Market size and forecast, by country

CHAPTER 5: HR ANALYTICS MARKET, BY DEPLOYMENT MODEL
5.1 Overview
5.1.1 Market size and forecast
5.2 On-premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: HR ANALYTICS MARKET, BY ENTERPRISE SIZE
6.1 Overview
6.1.1 Market size and forecast
6.2 Large Enterprises
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 SMEs
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: HR ANALYTICS MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Candidate Recruitment
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Employee Retention
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Employee Learning and Development
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 Employee Engagement
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6 Workforce Management
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country

CHAPTER 8: HR ANALYTICS MARKET, BY INDUSTRY VERTICAL
8.1 Overview
8.1.1 Market size and forecast
8.2 BFSI
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market share analysis by country
8.3 Manufacturing
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market share analysis by country
8.4 Healthcare
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market share analysis by country
8.5 Media and Entertainment
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market share analysis by country
8.6 Retail and E-commerce
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market share analysis by country
8.7 IT and Telecom
8.7.1 Key market trends, growth factors and opportunities
8.7.2 Market size and forecast, by region
8.7.3 Market share analysis by country
8.7.4 IT and Telecom HR Analytics Market by Sector
8.7.4.1 IT Companies Market size and forecast, by region
8.7.4.2 IT Companies Market size and forecast, by country
8.7.4.3 Telecommunication Companies Market size and forecast, by region
8.7.4.4 Telecommunication Companies Market size and forecast, by country
8.7.4.5 Others Market size and forecast, by region
8.7.4.6 Others Market size and forecast, by country
8.8 Transportation and Logistics
8.8.1 Key market trends, growth factors and opportunities
8.8.2 Market size and forecast, by region
8.8.3 Market share analysis by country
8.9 Others
8.9.1 Key market trends, growth factors and opportunities
8.9.2 Market size and forecast, by region
8.9.3 Market share analysis by country

CHAPTER 9: HR ANALYTICS MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Offering
9.2.2.1 North America Services HR Analytics Market by Service Type
9.2.3 North America Market size and forecast, by Deployment Model
9.2.4 North America Market size and forecast, by Enterprise Size
9.2.5 North America Market size and forecast, by Application
9.2.6 North America Market size and forecast, by Industry Vertical
9.2.6.1 North America IT and Telecom HR Analytics Market by Sector
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Key market trends, growth factors and opportunities
9.2.7.1.2 Market size and forecast, by Offering
9.2.7.1.2.1 U. S. Services HR Analytics Market by Service Type
9.2.7.1.3 Market size and forecast, by Deployment Model
9.2.7.1.4 Market size and forecast, by Enterprise Size
9.2.7.1.5 Market size and forecast, by Application
9.2.7.1.6 Market size and forecast, by Industry Vertical
9.2.7.1.6.1 U. S. IT and Telecom HR Analytics Market by Sector
9.2.7.2 Canada
9.2.7.2.1 Key market trends, growth factors and opportunities
9.2.7.2.2 Market size and forecast, by Offering
9.2.7.2.2.1 Canada Services HR Analytics Market by Service Type
9.2.7.2.3 Market size and forecast, by Deployment Model
9.2.7.2.4 Market size and forecast, by Enterprise Size
9.2.7.2.5 Market size and forecast, by Application
9.2.7.2.6 Market size and forecast, by Industry Vertical
9.2.7.2.6.1 Canada IT and Telecom HR Analytics Market by Sector
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Offering
9.3.2.1 Europe Services HR Analytics Market by Service Type
9.3.3 Europe Market size and forecast, by Deployment Model
9.3.4 Europe Market size and forecast, by Enterprise Size
9.3.5 Europe Market size and forecast, by Application
9.3.6 Europe Market size and forecast, by Industry Vertical
9.3.6.1 Europe IT and Telecom HR Analytics Market by Sector
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Key market trends, growth factors and opportunities
9.3.7.1.2 Market size and forecast, by Offering
9.3.7.1.2.1 Germany Services HR Analytics Market by Service Type
9.3.7.1.3 Market size and forecast, by Deployment Model
9.3.7.1.4 Market size and forecast, by Enterprise Size
9.3.7.1.5 Market size and forecast, by Application
9.3.7.1.6 Market size and forecast, by Industry Vertical
9.3.7.1.6.1 Germany IT and Telecom HR Analytics Market by Sector
9.3.7.2 UK
9.3.7.2.1 Key market trends, growth factors and opportunities
9.3.7.2.2 Market size and forecast, by Offering
9.3.7.2.2.1 UK Services HR Analytics Market by Service Type
9.3.7.2.3 Market size and forecast, by Deployment Model
9.3.7.2.4 Market size and forecast, by Enterprise Size
9.3.7.2.5 Market size and forecast, by Application
9.3.7.2.6 Market size and forecast, by Industry Vertical
9.3.7.2.6.1 UK IT and Telecom HR Analytics Market by Sector
9.3.7.3 France
9.3.7.3.1 Key market trends, growth factors and opportunities
9.3.7.3.2 Market size and forecast, by Offering
9.3.7.3.2.1 France Services HR Analytics Market by Service Type
9.3.7.3.3 Market size and forecast, by Deployment Model
9.3.7.3.4 Market size and forecast, by Enterprise Size
9.3.7.3.5 Market size and forecast, by Application
9.3.7.3.6 Market size and forecast, by Industry Vertical
9.3.7.3.6.1 France IT and Telecom HR Analytics Market by Sector
9.3.7.4 Italy
9.3.7.4.1 Key market trends, growth factors and opportunities
9.3.7.4.2 Market size and forecast, by Offering
9.3.7.4.2.1 Italy Services HR Analytics Market by Service Type
9.3.7.4.3 Market size and forecast, by Deployment Model
9.3.7.4.4 Market size and forecast, by Enterprise Size
9.3.7.4.5 Market size and forecast, by Application
9.3.7.4.6 Market size and forecast, by Industry Vertical
9.3.7.4.6.1 Italy IT and Telecom HR Analytics Market by Sector
9.3.7.5 Spain
9.3.7.5.1 Key market trends, growth factors and opportunities
9.3.7.5.2 Market size and forecast, by Offering
9.3.7.5.2.1 Spain Services HR Analytics Market by Service Type
9.3.7.5.3 Market size and forecast, by Deployment Model
9.3.7.5.4 Market size and forecast, by Enterprise Size
9.3.7.5.5 Market size and forecast, by Application
9.3.7.5.6 Market size and forecast, by Industry Vertical
9.3.7.5.6.1 Spain IT and Telecom HR Analytics Market by Sector
9.3.7.6 Netherlands
9.3.7.6.1 Key market trends, growth factors and opportunities
9.3.7.6.2 Market size and forecast, by Offering
9.3.7.6.2.1 Netherlands Services HR Analytics Market by Service Type
9.3.7.6.3 Market size and forecast, by Deployment Model
9.3.7.6.4 Market size and forecast, by Enterprise Size
9.3.7.6.5 Market size and forecast, by Application
9.3.7.6.6 Market size and forecast, by Industry Vertical
9.3.7.6.6.1 Netherlands IT and Telecom HR Analytics Market by Sector
9.3.7.7 Rest of Europe
9.3.7.7.1 Key market trends, growth factors and opportunities
9.3.7.7.2 Market size and forecast, by Offering
9.3.7.7.2.1 Rest of Europe Services HR Analytics Market by Service Type
9.3.7.7.3 Market size and forecast, by Deployment Model
9.3.7.7.4 Market size and forecast, by Enterprise Size
9.3.7.7.5 Market size and forecast, by Application
9.3.7.7.6 Market size and forecast, by Industry Vertical
9.3.7.7.6.1 Rest of Europe IT and Telecom HR Analytics Market by Sector
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Offering
9.4.2.1 Asia-Pacific Services HR Analytics Market by Service Type
9.4.3 Asia-Pacific Market size and forecast, by Deployment Model
9.4.4 Asia-Pacific Market size and forecast, by Enterprise Size
9.4.5 Asia-Pacific Market size and forecast, by Application
9.4.6 Asia-Pacific Market size and forecast, by Industry Vertical
9.4.6.1 Asia-Pacific IT and Telecom HR Analytics Market by Sector
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 China
9.4.7.1.1 Key market trends, growth factors and opportunities
9.4.7.1.2 Market size and forecast, by Offering
9.4.7.1.2.1 China Services HR Analytics Market by Service Type
9.4.7.1.3 Market size and forecast, by Deployment Model
9.4.7.1.4 Market size and forecast, by Enterprise Size
9.4.7.1.5 Market size and forecast, by Application
9.4.7.1.6 Market size and forecast, by Industry Vertical
9.4.7.1.6.1 China IT and Telecom HR Analytics Market by Sector
9.4.7.2 India
9.4.7.2.1 Key market trends, growth factors and opportunities
9.4.7.2.2 Market size and forecast, by Offering
9.4.7.2.2.1 India Services HR Analytics Market by Service Type
9.4.7.2.3 Market size and forecast, by Deployment Model
9.4.7.2.4 Market size and forecast, by Enterprise Size
9.4.7.2.5 Market size and forecast, by Application
9.4.7.2.6 Market size and forecast, by Industry Vertical
9.4.7.2.6.1 India IT and Telecom HR Analytics Market by Sector
9.4.7.3 Japan
9.4.7.3.1 Key market trends, growth factors and opportunities
9.4.7.3.2 Market size and forecast, by Offering
9.4.7.3.2.1 Japan Services HR Analytics Market by Service Type
9.4.7.3.3 Market size and forecast, by Deployment Model
9.4.7.3.4 Market size and forecast, by Enterprise Size
9.4.7.3.5 Market size and forecast, by Application
9.4.7.3.6 Market size and forecast, by Industry Vertical
9.4.7.3.6.1 Japan IT and Telecom HR Analytics Market by Sector
9.4.7.4 South Korea
9.4.7.4.1 Key market trends, growth factors and opportunities
9.4.7.4.2 Market size and forecast, by Offering
9.4.7.4.2.1 South Korea Services HR Analytics Market by Service Type
9.4.7.4.3 Market size and forecast, by Deployment Model
9.4.7.4.4 Market size and forecast, by Enterprise Size
9.4.7.4.5 Market size and forecast, by Application
9.4.7.4.6 Market size and forecast, by Industry Vertical
9.4.7.4.6.1 South Korea IT and Telecom HR Analytics Market by Sector
9.4.7.5 Australia
9.4.7.5.1 Key market trends, growth factors and opportunities
9.4.7.5.2 Market size and forecast, by Offering
9.4.7.5.2.1 Australia Services HR Analytics Market by Service Type
9.4.7.5.3 Market size and forecast, by Deployment Model
9.4.7.5.4 Market size and forecast, by Enterprise Size
9.4.7.5.5 Market size and forecast, by Application
9.4.7.5.6 Market size and forecast, by Industry Vertical
9.4.7.5.6.1 Australia IT and Telecom HR Analytics Market by Sector
9.4.7.6 Singapore
9.4.7.6.1 Key market trends, growth factors and opportunities
9.4.7.6.2 Market size and forecast, by Offering
9.4.7.6.2.1 Singapore Services HR Analytics Market by Service Type
9.4.7.6.3 Market size and forecast, by Deployment Model
9.4.7.6.4 Market size and forecast, by Enterprise Size
9.4.7.6.5 Market size and forecast, by Application
9.4.7.6.6 Market size and forecast, by Industry Vertical
9.4.7.6.6.1 Singapore IT and Telecom HR Analytics Market by Sector
9.4.7.7 Rest of Asia-Pacific
9.4.7.7.1 Key market trends, growth factors and opportunities
9.4.7.7.2 Market size and forecast, by Offering
9.4.7.7.2.1 Rest of Asia-Pacific Services HR Analytics Market by Service Type
9.4.7.7.3 Market size and forecast, by Deployment Model
9.4.7.7.4 Market size and forecast, by Enterprise Size
9.4.7.7.5 Market size and forecast, by Application
9.4.7.7.6 Market size and forecast, by Industry Vertical
9.4.7.7.6.1 Rest of Asia-Pacific IT and Telecom HR Analytics Market by Sector
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Offering
9.5.2.1 LAMEA Services HR Analytics Market by Service Type
9.5.3 LAMEA Market size and forecast, by Deployment Model
9.5.4 LAMEA Market size and forecast, by Enterprise Size
9.5.5 LAMEA Market size and forecast, by Application
9.5.6 LAMEA Market size and forecast, by Industry Vertical
9.5.6.1 LAMEA IT and Telecom HR Analytics Market by Sector
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Key market trends, growth factors and opportunities
9.5.7.1.2 Market size and forecast, by Offering
9.5.7.1.2.1 Latin America Services HR Analytics Market by Service Type
9.5.7.1.3 Market size and forecast, by Deployment Model
9.5.7.1.4 Market size and forecast, by Enterprise Size
9.5.7.1.5 Market size and forecast, by Application
9.5.7.1.6 Market size and forecast, by Industry Vertical
9.5.7.1.6.1 Latin America IT and Telecom HR Analytics Market by Sector
9.5.7.2 Middle East
9.5.7.2.1 Key market trends, growth factors and opportunities
9.5.7.2.2 Market size and forecast, by Offering
9.5.7.2.2.1 Middle East Services HR Analytics Market by Service Type
9.5.7.2.3 Market size and forecast, by Deployment Model
9.5.7.2.4 Market size and forecast, by Enterprise Size
9.5.7.2.5 Market size and forecast, by Application
9.5.7.2.6 Market size and forecast, by Industry Vertical
9.5.7.2.6.1 Middle East IT and Telecom HR Analytics Market by Sector
9.5.7.3 Africa
9.5.7.3.1 Key market trends, growth factors and opportunities
9.5.7.3.2 Market size and forecast, by Offering
9.5.7.3.2.1 Africa Services HR Analytics Market by Service Type
9.5.7.3.3 Market size and forecast, by Deployment Model
9.5.7.3.4 Market size and forecast, by Enterprise Size
9.5.7.3.5 Market size and forecast, by Application
9.5.7.3.6 Market size and forecast, by Industry Vertical
9.5.7.3.6.1 Africa IT and Telecom HR Analytics Market by Sector

CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments

CHAPTER 11: COMPANY PROFILES
11.1 IBM Corporation (U. S.)
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Talentsoft
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Visier Inc
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Workday Inc
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Crunchr
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 gaininsights solutions
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 INFOR INC
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 Kronos Incorporated
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 Microstrategy Incorporated
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 Oracle Corporation
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 Sage Group plc
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
11.12 SAP SE
11.12.1 Company overview
11.12.2 Company snapshot
11.12.3 Operating business segments
11.12.4 Product portfolio
11.12.5 Business performance
11.12.6 Key strategic moves and developments
11.13 Sisense Inc
11.13.1 Company overview
11.13.2 Company snapshot
11.13.3 Operating business segments
11.13.4 Product portfolio
11.13.5 Business performance
11.13.6 Key strategic moves and developments
11.14 Tableau Software Inc
11.14.1 Company overview
11.14.2 Company snapshot
11.14.3 Operating business segments
11.14.4 Product portfolio
11.14.5 Business performance
11.14.6 Key strategic moves and developments
11.15 zoho corporation
11.15.1 Company overview
11.15.2 Company snapshot
11.15.3 Operating business segments
11.15.4 Product portfolio
11.15.5 Business performance
11.15.6 Key strategic moves and developments
11.16 Zoios
11.16.1 Company overview
11.16.2 Company snapshot
11.16.3 Operating business segments
11.16.4 Product portfolio
11.16.5 Business performance
11.16.6 Key strategic moves and developments
11.17 Legartise
11.17.1 Company overview
11.17.2 Company snapshot
11.17.3 Operating business segments
11.17.4 Product portfolio
11.17.5 Business performance
11.17.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'HR Analytics Market,' the hr analytics market size was valued at $2.4 billion in 2021, and is estimated to reach $11 billion by 2031, growing at a CAGR of 16.6% from 2022 to 2031.

Human Resource analytics (HR Analytics) is defined as the area in the field of analytics that deals with people analysis and applying analytical process to the human capital within the organization to improve employee performance and improving employee retention. Moreover, HR analytics does not collect data about how employees are performing at work, instead, its sole aim is to provide better insight into each of the human resource processes, gathering related data, and then using this data to make informed decisions on how to improve these processes.

Factors, such as enhancement of mobile employee engagement and increase in automation of HR operations aided in propelling the growth of the global HR analytics market during the forecast period. Moreover, HR analytics helps to make HR activities more efficient by using collected data to predict key attributes, such as performance, retention, and recruitment during the period has positively impacted HR analytics industry. However, data security and privacy concerns and lack of workforce is anticipated to hamper the HR analytics market during the forecast period. On the contrary, increase in use of cloud-based technology is expected to offer remunerative opportunities for the expansion of the HR analytics market forecast.

On the basis of application, the workforce management segment dominated the overall HR analytics market in 2021 and is expected to continue this trend during the forecast period. This is attributed to the increase in employee satisfaction trends and adoption of HR analytics for faster resolution. However, the employee retention segment is expected to witness the highest growth owing to rise in competition among enterprises to hire skillful candidates.

Region wise, the HR analytics market was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing to its higher expenditure on technological solutions. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to the growth in number of startups and the expanding infrastructure in the region, which is expected to fuel the growth of the HR analytics industry in the region during the forecast period.

The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates. The global COVID-19 pandemic has drastically affected businesses across the globe. It has positively impacted the adoption of HR analytics solution due to lockdown imposed by governments of different countries. During COVID-19, companies are focusing on emerging technology such as AI-powered solutions, automation, cloud-based technologies and app-based HR analytics solution across industries such as BFSI, healthcare, IT and telecom and others to perform contactless operation. Furthermore, as industries move toward digitalization, the HR analytics solution is a great option, as it provides agile efficiency by eliminating manual tasks that slow down the HR process, as well as it provides real-time reporting features, which drives the market growth. In addition, it also reduces errors and business risks that come with manual data-entry. Due to such benefits, it provides lucrative growth opportunities for the market growth during the forecast period.

KEY FINDINGS OF THE STUDY

By offering, the solution segment accounted for the largest HR analytics market share in 2021.

By region, North America generated the highest revenue in 2021.

By enterprise size, large enterprises segment accounted for the largest HR analytics market share in 2021.

By deployment mode, the on-premise segment generated the highest revenue in 2021.

The key players profiled in the HR analytics market analysis are Crunchr, Gaininsights, IBM Corporation, Infor, Kronos Incorporated, Microstrategy Incorporated, Oracle Corporation, Sage group PLC, SAP SE, Sisense Inc, Tableau Software Inc, Talentsoft, Visier Inc, Workday Inc, Zoho Corporation, Zoios, and Legartise. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Companies Mentioned

  • IBM Corporation (U.S.)
  • Talentsoft
  • Visier Inc.
  • Workday Inc.
  • Crunchr
  • Gaininsights Solutions
  • Infor Inc.
  • Kronos Incorporated
  • Microstrategy Incorporated
  • Oracle Corporation
  • Sage Group PLC
  • SAP SE
  • Sisense Inc.
  • Tableau Software Inc.
  • Zoho Corporation
  • Zoios
  • Legartise

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...