Market Research Report
Global HR Analytics Market 2019-2025
|Global HR Analytics Market 2019-2025|
Published: March 12, 2019
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global HR Analytics Market Size, Share & Trends Analysis Report, By Deployment (On-Premise and Cloud-Based), By Application (Payroll, Recruitment, Performance Monitoring, and Workforce Management), By Verticals (BFSI, IT and Telecom, Manufacturing, Healthcare, Government, and Others)
The global HR analytics market is expected to exhibit a 10.4% growth rate during the forecast period (2019-2025). One of the major factors contributing to the growth of the market is increasing adoption of the HR analytics software among various enterprises to enhance their overall efficiency by performing basic functions such as hiring and maintain payroll and advanced functions such as workforce planning and analytics. Further, a large volume of HR data is generated every year due to job portals such as Indeed, Glassdoor, LinkedIn, Monster, which increase the demand for HR analytics and hence create an ample opportunity for the growth of the market in the near future.
The HR analytics market is segmented on the basis of deployment, application, and verticals. Based on the deployment, the market is bifurcated into on-premise deployment and cloud-based deployment of HR analytics. Cloud-based HR analytics solutions are expected to exhibit significant growth over the forecast period, as organizations are preferring to have their solutions to be deployed on the cloud. Further, on the basis of application, the market is segmented into payroll, recruitment, performance monitoring, and workforce management. By verticals, the market is further divided into BFSI, IT & telecom, manufacturing, healthcare, government, and others.
On the basis of geography, the study of the market covers the analysis of four major regions including North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is expected to have a major market share while Asia-Pacific is expected to exhibit significant growth during the forecast period. Moreover, the report covers the analysis of several players operating in the market. Some of the players studied in the report include IBM Corp., Infor Inc., Kronos Inc., Microsoft Corp., Oracle Corp., SAP SE, Tableau Software Inc., Workday, Inc., Zoho Corp., and others. In February 2019, Infor established a partnership with Montage, an HR analytics solutions provider. This partnership would offer the next generation of predictive talent analytics and interviewing technology for the hiring process by leveraging the capabilities of their respective platforms.
The market study of the HR Analytics market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report is intended for IT companies, software vendors, existing companies and new entrants into the market, potential investors and venture capitalists, government organizations, and various end-user industries for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the company and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report Covers:
GLOBAL HR ANALYTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2018-2025 ($ MILLION)