Workforce Analytic Market Report: Trends, Forecast and Competitive Analysis to 2030

Workforce Analytic Trends and Forecast

The future of the global workforce analytic market looks promising with opportunities in the healthcare, IT & telecommunication, BFSI, manufacturing,retail, food & beverages, and government markets. The global workforce analytic market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 13.7% from 2024 to 2030. The major drivers for this market are growing utilization of data in strategic workforce planning to gain a competitive edge and addressing long-term labor concerns while ensuring employee engagement and satisfaction.

A more than 150-page report is developed to help in your business decisions.

Workforce Analytic by Segment

The study includes a forecast for the global workforce analytic by enterprise type, deployment, end use industry, and region.

Workforce Analytic Market by Enterprise Type [Shipment Analysis by Value from 2018 to 2030]:

• Large Enterprises
• Small & Medium Enterprises

Workforce Analytic Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:

• Cloud
• On-Premise

Workforce Analytic Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare
• IT & Telecommunication
• BFSI
• Manufacturing
• Retail
• Food & Beverages
• Government
• Others

Workforce Analytic Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Workforce Analytic Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies workforce analytic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the workforce analytic companies profiled in this report include-

• ADP
• Cornerstone OnDemand
• IBM
• Kronos
• SAP
• Workday
• WorkForce Software
• Visier
• Oracle
• TriNet

Workforce Analytic Market Insights

Lucintel forecasts that large enterprises will remain the largest segment over the forecast period due to initial adoption of the software.

Within this market, IT & telecommunication is expected to witness the highest growth due to swift progress in the sector driven by the increasing demand for enhanced it and telecommunication services.

North America will remain the largest region over the forecast period due to this region is technologically progressive, embracing new technologies quickly.

Features of the Global Workforce Analytic Market

Market Size Estimates: Workforce analytic market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Workforce analytic market size by enterprise type, deployment, end use industry, and region in terms of value ($B).

Regional Analysis: Workforce analytic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different enterprise type, deployment, end use industry, and regions for the workforce analytic market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the workforce analytic market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the workforce analytic market size?

Answer: The global workforce analytic market is expected to reach an estimated $3.5 billion by 2030.

Q2. What is the growth forecast for workforce analytic market?

Answer: The global workforce analytic market is expected to grow with a CAGR of 13.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the workforce analytic market?

Answer: The major drivers for this market are growing utilization of data in strategic workforce planning to gain a competitive edge and addressing long-term labor concerns while ensuring employee engagement and satisfaction.

Q4. What are the major segments for workforce analytic market?

Answer: The future of the workforce analytic market looks promising with opportunities in the healthcare, IT & telecommunication, BFSI, manufacturing,retail, food & beverages, and government markets.

Q5. Who are the key workforce analytic market companies?

Answer: Some of the key workforce analytic companies are as follows.

• ADP
• Cornerstone OnDemand
• IBM
• Kronos
• SAP
• Workday
• WorkForce Software
• Visier
• Oracle
• TriNet

Q6. Which workforce analytic market segment will be the largest in future?

Answer: Lucintel forecasts that large enterprises will remain the largest segment over the forecast period due to initial adoption of the software.

Q7. In workforce analytic market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to this region is technologically progressive, embracing new technologies quickly.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the workforce analytic market by enterprise type (large enterprises and small & medium enterprises), deployment (cloud and on-premise), end use industry (healthcare, IT & telecommunication, BFSI, manufacturing, retail, food & beverages, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?