Workforce Analytics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component Type, By Deployment Type, By Organization Size, By End-Use Industry, By Region & Competition, 2021-2031F

Description

The Global Workforce Analytics Market is projected to experience substantial growth, expanding from USD 2.78 Billion in 2025 to USD 6.68 Billion by 2031, representing a CAGR of 15.73%. Workforce analytics entails the systematic examination of employee data to refine human resource management and elevate organizational performance. This market expansion is primarily driven by the urgent necessity to improve employee retention rates and the financial imperative to reduce recruitment expenses. Furthermore, the increasing reliance on evidence-based decision-making for talent acquisition is bolstering the widespread adoption of these analytical solutions across diverse industries.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 2.78 Billion
Market Size 2031	USD 6.68 Billion
CAGR 2026-2031	15.73%
Fastest Growing Segment	Cloud
Largest Market	North America

However, the market faces a considerable hurdle regarding the internal capacity to utilize these tools for actionable results. Many enterprises encounter difficulties with data integration and lack the specialized skills needed to accurately interpret complex workforce metrics. As reported by the HR Research Institute in 2024, only 22 percent of HR professionals considered their organizations highly effective at implementing people analytics processes. This continuing gap in proficiency and execution capabilities poses a threat to the broader maturation and expansion of the workforce analytics sector.

Market Driver

The integration of Artificial Intelligence and Machine Learning technologies serves as a major catalyst for the Global Workforce Analytics Market, allowing organizations to evolve from descriptive reporting to predictive foresight. Advanced algorithms have become essential for detecting attrition risks and optimizing talent allocation, fundamentally transforming workforce planning strategies. This shift is supported by strong leadership commitment; according to a July 2024 Deloitte article, 'Stepping into the future: The rise of AI and automation in HR,' 75 percent of business leaders anticipate Generative AI will drive changes in their talent strategies within two years. This expectation is quickly turning into action, as SHRM's May 2024 'State of the Workplace Report' indicated that an additional 26 percent of HR departments planned to adopt AI tools within the year, highlighting the aggressive market penetration of these solutions.

Concurrent with technological advancements, the growing focus on Employee Engagement and Retention Strategies is fueling market expansion as companies aim to sustain productivity in hybrid work environments. The gap between acknowledging the value of employee experience and the ability to execute related initiatives has generated a critical demand for sophisticated analytics platforms. According to Lattice's '2025 State of People Strategy Report' from October 2024, while 92 percent of HR professionals agree on the importance of engagement, only 39 percent possess the resources to implement effective programs. Consequently, businesses are increasingly investing in workforce analytics to bridge this divide, using data to decipher employee sentiment and proactively address retention issues before they negatively affect the bottom line.

Market Challenge

The primary barrier hindering the growth of the Global Workforce Analytics Market is a significant deficit in internal organizational capability, particularly concerning data literacy and system integration. Although advanced analytical tools are readily accessible, many market participants struggle to extract value from them due to fragmented data architectures and a shortage of specialized expertise. When human resource departments are unable to effectively integrate disparate data sources or interpret complex metrics, the return on investment for these platforms is compromised. This inability to convert raw data into strategic business intelligence causes hesitancy among potential buyers and significantly slows the adoption cycle for new technologies.

This enduring skills gap directly restricts market expansion by limiting the potential customer base to only those enterprises with mature data infrastructures. In 2024, the Chartered Institute of Personnel and Development (CIPD) reported that 46 percent of people professionals identified HR analytics and technology as a key area requiring skills development within their organizations. Such a widespread shortage of proficiency suggests that until internal competencies align with technological capabilities, the broader implementation of workforce analytics will encounter friction, directly suppressing the sector's overall revenue potential.

Market Trends

The widespread adoption of Skills-Based Workforce Planning is fundamentally redefining the functional requirements of analytics platforms, moving the focus from static role management to dynamic competency mapping. Organizations are leveraging this approach to break down jobs into specific skill sets, facilitating more precise analyses of internal talent gaps and transferable capabilities. This structural shift drives demand for solutions that can visualize proficiency levels across the enterprise, supporting evidence-based internal mobility strategies over external recruitment. The significance of this transition is underscored by LinkedIn's February 2024 'Workplace Learning Report,' which notes that 90 percent of global executives plan to increase or maintain their investment in learning and development, validating the market movement toward skills-centric models.

Simultaneously, the incorporation of External Labor Market Intelligence is broadening the scope of workforce analytics beyond internal data silos. Companies are increasingly seeking solutions that ingest real-time external data-such as competitor hiring rates and talent supply fluctuations-to benchmark their performance against wider economic conditions. This capability enables HR leaders to adjust recruitment velocity and compensation strategies based on actual market leverage rather than historical estimates. The necessity of monitoring these external shifts is highlighted by Workday's September 2024 'Global Workforce Report,' which revealed that job applications grew four times faster than job openings in the first half of the year, creating a complex market dynamic that requires rigorous external benchmarking to navigate effectively.

Key Market Players

Visier, Inc.
Ultimate Kronos Group
Workday, Inc.
ADP, Inc.
Eightfold AI
SAP SE
Microsoft Corporation
SAS Institute Inc.
Oracle Corporation
Anaplan, Inc.

Report Scope

In this report, the Global Workforce Analytics Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Workforce Analytics Market, By Component Type

Solutions
Services

Workforce Analytics Market, By Deployment Type

Cloud
On-premises

Workforce Analytics Market, By Organization Size

Small- and Medium-Sized Enterprises
Large Enterprises

Workforce Analytics Market, By End-Use Industry

BFSI
Manufacturing
IT & Telecom
Healthcare
Retail
Others

Workforce Analytics Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Workforce Analytics Market.

Available Customizations:

Global Workforce Analytics Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Workforce Analytics Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component Type (Solutions, Services)
- 5.2.2. By Deployment Type (Cloud, On-premises)
- 5.2.3. By Organization Size (Small- and Medium-Sized Enterprises, Large Enterprises)
- 5.2.4. By End-Use Industry (BFSI, Manufacturing, IT & Telecom, Healthcare, Retail, Others)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Workforce Analytics Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component Type
- 6.2.2. By Deployment Type
- 6.2.3. By Organization Size
- 6.2.4. By End-Use Industry
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Workforce Analytics Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component Type
    - 6.3.1.2.2. By Deployment Type
    - 6.3.1.2.3. By Organization Size
    - 6.3.1.2.4. By End-Use Industry
- 6.3.2. Canada Workforce Analytics Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component Type
    - 6.3.2.2.2. By Deployment Type
    - 6.3.2.2.3. By Organization Size
    - 6.3.2.2.4. By End-Use Industry
- 6.3.3. Mexico Workforce Analytics Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component Type
    - 6.3.3.2.2. By Deployment Type
    - 6.3.3.2.3. By Organization Size
    - 6.3.3.2.4. By End-Use Industry

7. Europe Workforce Analytics Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component Type
- 7.2.2. By Deployment Type
- 7.2.3. By Organization Size
- 7.2.4. By End-Use Industry
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Workforce Analytics Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component Type
    - 7.3.1.2.2. By Deployment Type
    - 7.3.1.2.3. By Organization Size
    - 7.3.1.2.4. By End-Use Industry
- 7.3.2. France Workforce Analytics Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component Type
    - 7.3.2.2.2. By Deployment Type
    - 7.3.2.2.3. By Organization Size
    - 7.3.2.2.4. By End-Use Industry
- 7.3.3. United Kingdom Workforce Analytics Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component Type
    - 7.3.3.2.2. By Deployment Type
    - 7.3.3.2.3. By Organization Size
    - 7.3.3.2.4. By End-Use Industry
- 7.3.4. Italy Workforce Analytics Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component Type
    - 7.3.4.2.2. By Deployment Type
    - 7.3.4.2.3. By Organization Size
    - 7.3.4.2.4. By End-Use Industry
- 7.3.5. Spain Workforce Analytics Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component Type
    - 7.3.5.2.2. By Deployment Type
    - 7.3.5.2.3. By Organization Size
    - 7.3.5.2.4. By End-Use Industry

8. Asia Pacific Workforce Analytics Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component Type
- 8.2.2. By Deployment Type
- 8.2.3. By Organization Size
- 8.2.4. By End-Use Industry
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Workforce Analytics Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component Type
    - 8.3.1.2.2. By Deployment Type
    - 8.3.1.2.3. By Organization Size
    - 8.3.1.2.4. By End-Use Industry
- 8.3.2. India Workforce Analytics Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component Type
    - 8.3.2.2.2. By Deployment Type
    - 8.3.2.2.3. By Organization Size
    - 8.3.2.2.4. By End-Use Industry
- 8.3.3. Japan Workforce Analytics Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component Type
    - 8.3.3.2.2. By Deployment Type
    - 8.3.3.2.3. By Organization Size
    - 8.3.3.2.4. By End-Use Industry
- 8.3.4. South Korea Workforce Analytics Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component Type
    - 8.3.4.2.2. By Deployment Type
    - 8.3.4.2.3. By Organization Size
    - 8.3.4.2.4. By End-Use Industry
- 8.3.5. Australia Workforce Analytics Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component Type
    - 8.3.5.2.2. By Deployment Type
    - 8.3.5.2.3. By Organization Size
    - 8.3.5.2.4. By End-Use Industry

9. Middle East & Africa Workforce Analytics Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component Type
- 9.2.2. By Deployment Type
- 9.2.3. By Organization Size
- 9.2.4. By End-Use Industry
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Workforce Analytics Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component Type
    - 9.3.1.2.2. By Deployment Type
    - 9.3.1.2.3. By Organization Size
    - 9.3.1.2.4. By End-Use Industry
- 9.3.2. UAE Workforce Analytics Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component Type
    - 9.3.2.2.2. By Deployment Type
    - 9.3.2.2.3. By Organization Size
    - 9.3.2.2.4. By End-Use Industry
- 9.3.3. South Africa Workforce Analytics Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component Type
    - 9.3.3.2.2. By Deployment Type
    - 9.3.3.2.3. By Organization Size
    - 9.3.3.2.4. By End-Use Industry

10. South America Workforce Analytics Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component Type
- 10.2.2. By Deployment Type
- 10.2.3. By Organization Size
- 10.2.4. By End-Use Industry
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Workforce Analytics Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component Type
    - 10.3.1.2.2. By Deployment Type
    - 10.3.1.2.3. By Organization Size
    - 10.3.1.2.4. By End-Use Industry
- 10.3.2. Colombia Workforce Analytics Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component Type
    - 10.3.2.2.2. By Deployment Type
    - 10.3.2.2.3. By Organization Size
    - 10.3.2.2.4. By End-Use Industry
- 10.3.3. Argentina Workforce Analytics Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component Type
    - 10.3.3.2.2. By Deployment Type
    - 10.3.3.2.3. By Organization Size
    - 10.3.3.2.4. By End-Use Industry

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Workforce Analytics Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Visier, Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Ultimate Kronos Group
15.3. Workday, Inc.
15.4. ADP, Inc.
15.5. Eightfold AI
15.6. SAP SE
15.7. Microsoft Corporation
15.8. SAS Institute Inc.
15.9. Oracle Corporation
15.10. Anaplan, Inc.
15.11.