PUBLISHER: Allied Market Research | PRODUCT CODE: 1193243
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193243
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
By Industry Vertical
By Offering
By Deployment Model
By Enterprise Size
By Application
By Region