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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1129988

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PUBLISHER: Acute Market Reports | PRODUCT CODE: 1129988

Workforce Analytics Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030

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The Rising Need for Robust Security Solution is Driving the Growth of Workforce Analytics Market

Globally, the workforce analytics market is expected to grow with a CAGR of 16.5% during the forecast period from 2022 to 2030. The market is propelled by the growing need among the organizations to enhance the operational efficiency and curb the operational cost. The organizations are adopting the technology-based solutions and services for their talent acquisition needs and workforce management and performance evaluation. Moreover, the organizations are leveraging on the working analytics solution to develop a comprehensive workforce performance management.

The growing digital data among the organization is also encouraging the adoption of the workforce analytics solution to derive the actionable insights also accelerates the market growth. Furthermore, the growing adoption of the cloud based services among the organizations is also paving the way for the integration of the workforce analytics solutions. However, the reluctance among the organization to shift from the conventional methods to the advance software solutions is inhibiting the growth of the market. Moreover, the lack of awareness pertaining to the benefits of the solution is also acting as a major constraint in the growth of the market.

Cloud Deployment is Estimated to Grow Significantly During the Forecast Period

The workforce analytics market is segmented based on the deployment into on-premise and cloud. The on-premise segment accounted for more than 70% share in the revenue in 2020. The growth of the market is attributed to the control and rigid security offered by the on-premise deployment model. However, as the organization shifting towards digitalization, the demand for cloud model is anticipated to increase during the forecast period due to the cost effectiveness and numerous other benefits offered by the model over conventional model.

North America is Leading the Workforce Analytics Market

North America led the global workforce analytics market in 2021 with the market share of more than 42%. The growing digitalization across the organizations in the region is the primary driver for the market growth. The growing deployment of cloud based services among the organizations is also one of the major factor accelerating the adoption of the workforce analytics solutions. Furthermore, the changing market dynamics and integration of advance technologies for workforce management also foster the market growth.

The major vendors in the workforce analytics market are: Aquire Inc, ADP LLC, Cornerstone OnDemand Inc, IBM Corporation, Genpact Ltd, Kronos Inc, PeopleSreme Pty Ltd, Oracle Corporation, SAP SE, Visier Inc, Tableau Software, and Workforce Software LLC.

Historical & Forecast Period:

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Workforce Analytics market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Workforce Analytics market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS

  • Research Period: 2020-2030
  • Base Year: 2021
  • Forecast Period: 2022-2030
  • Historical Year: 2020
  • Unit: USD Million

Segmentation

Component

  • Software
  • Service
  • Professional Service
  • Managed Service

Deployment

  • On-Premise
  • Cloud

Application

  • Aerospace & Defense
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Telecom & IT
  • Others

Region Segment (2020-2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Global Impact of COVID-19 Segment (2020-2021; US$ Million )

  • Pre COVID-19 situation
  • Post COVID-19 situation

Key questions answered in this report:

  • What are the key micro and macro environmental factors that are impacting the growth of Workforce Analytics market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Workforce Analytics market?
  • Which is the largest regional market for Workforce Analytics market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Workforce Analytics market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Workforce Analytics market worldwide?
Product Code: 139126-08-22

Table of Contents

1. Preface

  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. Target Audience
    • 1.1.3. Key Offerings
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
    • 1.3.1. Phase I - Secondary Research
    • 1.3.2. Phase II - Primary Research
    • 1.3.3. Phase III - Expert Panel Review
    • 1.3.4. Assumptions
    • 1.3.5. Approach Adopted

2. Executive Summary

  • 2.1. Market Snapshot: Global Workforce Analytics Market
  • 2.2. Global Workforce Analytics Market, By Component, 2021 (US$ Million)
  • 2.3. Global Workforce Analytics Market, By Deployment, 2021 (US$ Million)
  • 2.4. Global Workforce Analytics Market, By Application, 2021 (US$ Million)
  • 2.5. Global Workforce Analytics Market, By Geography, 2021 (US$ Million)
  • 2.6. Impact of Covid 19
  • 2.7. Attractive Investment Proposition by Geography, 2021
  • 2.8. Competitive Analysis
    • 2.8.1. Market Positioning of Key Workforce Analytics Market Vendors
    • 2.8.2. Strategies Adopted by Workforce Analytics Market Vendors
    • 2.8.3. Key Industry Strategies

3. Workforce Analytics Market: Business Outlook & Market Dynamics

  • 3.1. Introduction
  • 3.2. Global Workforce Analytics Market Value, 2020 - 2030, (US$ Million)
  • 3.3. Market Dynamics
    • 3.3.1. Market Drivers
    • 3.3.2. Market Restraints
    • 3.3.3. Key Challenges
    • 3.3.4. Key Opportunities
  • 3.4. Impact Analysis of Drivers and Restraints
  • 3.5. See-Saw Analysis
  • 3.6. Porter's Five Force Model
    • 3.6.1. Supplier Power
    • 3.6.2. Buyer Power
    • 3.6.3. Threat Of Substitutes
    • 3.6.4. Threat Of New Entrants
    • 3.6.5. Competitive Rivalry
  • 3.7. PESTEL Analysis
    • 3.7.1. Political Landscape
    • 3.7.2. Economic Landscape
    • 3.7.3. Technology Landscape
    • 3.7.4. Legal Landscape
    • 3.7.5. Social Landscape

4. Workforce Analytics Market: By Component, 2020-2030, USD (Million)

  • 4.1. Market Overview
  • 4.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 4.3. Market Segmentation
    • 4.3.1. Software
    • 4.3.2. Service
      • 4.3.2.1. Professional Service
      • 4.3.2.2. Managed Service

5. Workforce Analytics Market: By Deployment, 2020-2030, USD (Million)

  • 5.1. Market Overview
  • 5.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 5.3. Market Segmentation
    • 5.3.1. On-Premise
    • 5.3.2. Cloud

6. Workforce Analytics Market: By Application, 2020-2030, USD (Million)

  • 6.1. Market Overview
  • 6.2. Growth & Revenue Analysis: 2021 Versus 2030
  • 6.3. Market Segmentation
    • 6.3.1. Aerospace & Defense
    • 6.3.2. BFSI
    • 6.3.3. Healthcare
    • 6.3.4. Manufacturing
    • 6.3.5. Retail
    • 6.3.6. Telecom & IT
    • 6.3.7. Others

7. North America Workforce Analytics Market, 2020-2030, USD (Million)

  • 7.1. Market Overview
  • 7.2. Workforce Analytics Market: By Component, 2020-2030, USD (Million)
  • 7.3. Workforce Analytics Market: By Deployment, 2020-2030, USD (Million)
  • 7.4. Workforce Analytics Market: By Application, 2020-2030, USD (Million)
  • 7.5.Workforce Analytics Market: By Region, 2020-2030, USD (Million)
    • 7.5.1.North America
      • 7.5.1.1. U.S.
      • 7.5.1.2. Canada
      • 7.5.1.3. Rest of North America

8. UK and European Union Workforce Analytics Market, 2020-2030, USD (Million)

  • 8.1. Market Overview
  • 8.2. Workforce Analytics Market: By Component, 2020-2030, USD (Million)
  • 8.3. Workforce Analytics Market: By Deployment, 2020-2030, USD (Million)
  • 8.4. Workforce Analytics Market: By Application, 2020-2030, USD (Million)
  • 8.5.Workforce Analytics Market: By Region, 2020-2030, USD (Million)
    • 8.5.1.UK and European Union
      • 8.5.1.1. UK
      • 8.5.1.2. Germany
      • 8.5.1.3. Spain
      • 8.5.1.4. Italy
      • 8.5.1.5. France
      • 8.5.1.6. Rest of Europe

9. Asia Pacific Workforce Analytics Market, 2020-2030, USD (Million)

  • 9.1. Market Overview
  • 9.2. Workforce Analytics Market: By Component, 2020-2030, USD (Million)
  • 9.3. Workforce Analytics Market: By Deployment, 2020-2030, USD (Million)
  • 9.4. Workforce Analytics Market: By Application, 2020-2030, USD (Million)
  • 9.5.Workforce Analytics Market: By Region, 2020-2030, USD (Million)
    • 9.5.1.Asia Pacific
      • 9.5.1.1. China
      • 9.5.1.2. Japan
      • 9.5.1.3. India
      • 9.5.1.4. Australia
      • 9.5.1.5. South Korea
      • 9.5.1.6. Rest of Asia Pacific

10. Latin America Workforce Analytics Market, 2020-2030, USD (Million)

  • 10.1. Market Overview
  • 10.2. Workforce Analytics Market: By Component, 2020-2030, USD (Million)
  • 10.3. Workforce Analytics Market: By Deployment, 2020-2030, USD (Million)
  • 10.4. Workforce Analytics Market: By Application, 2020-2030, USD (Million)
  • 10.5.Workforce Analytics Market: By Region, 2020-2030, USD (Million)
    • 10.5.1.Latin America
      • 10.5.1.1. Brazil
      • 10.5.1.2. Mexico
      • 10.5.1.3. Rest of Latin America

11. Middle East and Africa Workforce Analytics Market, 2020-2030, USD (Million)

  • 11.1. Market Overview
  • 11.2. Workforce Analytics Market: By Component, 2020-2030, USD (Million)
  • 11.3. Workforce Analytics Market: By Deployment, 2020-2030, USD (Million)
  • 11.4. Workforce Analytics Market: By Application, 2020-2030, USD (Million)
  • 11.5.Workforce Analytics Market: By Region, 2020-2030, USD (Million)
    • 11.5.1.Middle East and Africa
      • 11.5.1.1. GCC
      • 11.5.1.2. Africa
      • 11.5.1.3. Rest of Middle East and Africa

12. Company Profile

  • 12.1. ADP LLC
    • 12.1.1. Company Overview
    • 12.1.2. Financial Performance
    • 12.1.3. Product Portfolio
    • 12.1.4. Strategic Initiatives
  • 12.2. Aquire Inc.
    • 12.2.1. Company Overview
    • 12.2.2. Financial Performance
    • 12.2.3. Product Portfolio
    • 12.2.4. Strategic Initiatives
  • 12.3. Cornerstone OnDemand Inc.
    • 12.3.1. Company Overview
    • 12.3.2. Financial Performance
    • 12.3.3. Product Portfolio
    • 12.3.4. Strategic Initiatives
  • 12.4. Genpact Ltd.
    • 12.4.1. Company Overview
    • 12.4.2. Financial Performance
    • 12.4.3. Product Portfolio
    • 12.4.4. Strategic Initiatives
  • 12.5. IBM Corporation
    • 12.5.1. Company Overview
    • 12.5.2. Financial Performance
    • 12.5.3. Product Portfolio
    • 12.5.4. Strategic Initiatives
  • 12.6. Kronos Inc.
    • 12.6.1. Company Overview
    • 12.6.2. Financial Performance
    • 12.6.3. Product Portfolio
    • 12.6.4. Strategic Initiatives
  • 12.7. Oracle Corporation
    • 12.7.1. Company Overview
    • 12.7.2. Financial Performance
    • 12.7.3. Product Portfolio
    • 12.7.4. Strategic Initiatives
  • 12.8. PeopleSreme Pty Ltd
    • 12.8.1. Company Overview
    • 12.8.2. Financial Performance
    • 12.8.3. Product Portfolio
    • 12.8.4. Strategic Initiatives
  • 12.9. SAP SE
    • 12.9.1. Company Overview
    • 12.9.2. Financial Performance
    • 12.9.3. Product Portfolio
    • 12.9.4. Strategic Initiatives
  • 12.10. Tableau Software
    • 12.10.1. Company Overview
    • 12.10.2. Financial Performance
    • 12.10.3. Product Portfolio
    • 12.10.4. Strategic Initiatives
  • 12.11. Visier Inc.
    • 12.11.1. Company Overview
    • 12.11.2. Financial Performance
    • 12.11.3. Product Portfolio
    • 12.11.4. Strategic Initiatives
  • 12.12. Workforce Software LLC.
    • 12.12.1. Company Overview
    • 12.12.2. Financial Performance
    • 12.12.3. Product Portfolio
    • 12.12.4. Strategic Initiatives
Product Code: 139126-08-22

List of Tables

  • TABLE 1 Global Workforce Analytics Market By Component, 2020-2030, USD (Million)
  • TABLE 2 Global Workforce Analytics Market By Service, 2020-2030, USD (Million)
  • TABLE 3 Global Workforce Analytics Market By Deployment, 2020-2030, USD (Million)
  • TABLE 4 Global Workforce Analytics Market By Application, 2020-2030, USD (Million)
  • TABLE 5 North America Workforce Analytics Market By Component, 2020-2030, USD (Million)
  • TABLE 6 North America Workforce Analytics Market By Service, 2020-2030, USD (Million)
  • TABLE 7 North America Workforce Analytics Market By Deployment, 2020-2030, USD (Million)
  • TABLE 8 North America Workforce Analytics Market By Application, 2020-2030, USD (Million)
  • TABLE 9 UK and European Union Workforce Analytics Market By Component, 2020-2030, USD (Million)
  • TABLE 10 UK and European Union Workforce Analytics Market By Service, 2020-2030, USD (Million)
  • TABLE 11 UK and European Union Workforce Analytics Market By Deployment, 2020-2030, USD (Million)
  • TABLE 12 UK and European Union Workforce Analytics Market By Application, 2020-2030, USD (Million)
  • TABLE 13 Asia Pacific Workforce Analytics Market By Component, 2020-2030, USD (Million)
  • TABLE 14 Asia Pacific Workforce Analytics Market By Service, 2020-2030, USD (Million)
  • TABLE 15 Asia Pacific Workforce Analytics Market By Deployment, 2020-2030, USD (Million)
  • TABLE 16 Asia Pacific Workforce Analytics Market By Application, 2020-2030, USD (Million)
  • TABLE 17 Latin America Workforce Analytics Market By Component, 2020-2030, USD (Million)
  • TABLE 18 Latin America Workforce Analytics Market By Service, 2020-2030, USD (Million)
  • TABLE 19 Latin America Workforce Analytics Market By Deployment, 2020-2030, USD (Million)
  • TABLE 20 Latin America Workforce Analytics Market By Application, 2020-2030, USD (Million)
  • TABLE 21 Middle East and Africa Workforce Analytics Market By Component, 2020-2030, USD (Million)
  • TABLE 22 Middle East and Africa Workforce Analytics Market By Service, 2020-2030, USD (Million)
  • TABLE 23 Middle East and Africa Workforce Analytics Market By Deployment, 2020-2030, USD (Million)
  • TABLE 24 Middle East and Africa Workforce Analytics Market By Application, 2020-2030, USD (Million)

List of Figures

  • FIG. 1 Global Workforce Analytics Market: Market Coverage
  • FIG. 2 Research Methodology and Data Sources
  • FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
  • FIG. 4 Global Workforce Analytics Market: Quality Assurance
  • FIG. 5 Global Workforce Analytics Market, By Component, 2021
  • FIG. 6 Global Workforce Analytics Market, By Deployment, 2021
  • FIG. 7 Global Workforce Analytics Market, By Application, 2021
  • FIG. 8 Global Workforce Analytics Market, By Geography, 2021
  • FIG. 9 Global Workforce Analytics Market, By Component, 2021 Vs 2030, %
  • FIG. 10 Global Workforce Analytics Market, By Deployment, 2021 Vs 2030, %
  • FIG. 11 Global Workforce Analytics Market, By Application, 2021 Vs 2030, %
  • FIG. 12 U.S. Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 13 Canada Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 14 Rest of North America Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 15 UK Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 16 Germany Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 17 Spain Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 18 Italy Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 19 France Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 20 Rest of Europe Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 21 China Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 22 Japan Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 23 India Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 24 Australia Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 25 South Korea Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 26 Rest of Asia Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 27 Brazil Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 28 Mexico Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 29 Rest of Latin America Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 30 GCC Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 31 Africa Workforce Analytics Market (US$ Million), 2020 - 2030
  • FIG. 32 Rest of Middle East and Africa Workforce Analytics Market (US$ Million), 2020 - 2030
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