Workforce Analytics Market Size, Share & Trends Analysis Report By Type (Solution, Services), By Services (Managed, Consulting, System Integration), By Deployment, By Organization, By Application, By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global workforce analytics market size was valued at USD 430.9 million in 2015. The growing demand to enhance the productivity and curb the operational cost is expected to aggravate the demand for workforce analytics software platform across various industries. It enables the organization to foster workforce optimization and develop metrics for comprehensive workforce performance improvement.

The lack of standard performance indicators to track human capital performance is anticipated to stimulate market growth. The ability to access and analyze huge unstructured data on a real-time basis to execute business decisions pertaining to human resource utilization is critical to business development. However, there exists a distinct gap in the optimum usage of workforce analytics by large enterprises.

Europe workforce analytics market, by application, 2014 - 2025 (USD Million)

The platform integrates data from different verticals such as finance, IT, ERP, HR, learning management into a common data warehouse where strategic roadmaps are formulated that aligns workforce data. It also helps in establishing a baseline for analyzing workforce planning, training, staffing, recruitment, talent management, and labor cost optimization.

Systematic accumulation and presentation of data are crucial factors for workforce analytics to yield genuine commercial impact. IBM’s Fifth Biennial Global CEO Study recognized the significance of human resources as the key to sustainable economic development. Therefore, companies are speculating to channelize funds for the recruitment and deployment of high valued human resources at the optimal level.

Application Insights

BFSI部门预计将成为其中的一个prominent application sectors for the workforce analytics market over the forecast period. The segment was valued at USD 120.0 million in 2016 and is anticipated to grow at a CAGR of 16.5% from 2017 to 2025. End-to-end computerization catalyzed the growth in financial and banking services. With the advent of workforce analytics, organizations get a fast and personalized human capital related solutions on a real-time basis.

The increasing proliferation of online business solutions, as well as e-commerce transactions, CRM, in addition to an increased number of users is expected to spur the demand for workforce analytics solution platform in the retail segment. The emerging online communication that both retailers and consumers access on a regular basis is generating, even more data for merchants to store. Workforce analytics comprehends both unstructured and structured data, such as videos and images, and also comprehends and reasons the way humans do through learning, senses, and experience.

Deployment Insights

云部署估计fastest-growing segment with a CAGR of over 15.0% from 2017 to 2025. The segment accounted for USD 259.7 million in 2015 and is anticipated to witness momentous growth on account of secure, scalable, and flexible infrastructure that provides customized enterprise solutions enabling users with the benefit of fulfilling specific business needs. Additionally, cost benefits and faster deployment is another factor driving growth.

Asia Pacific workforce analytics market, by deployment, 2016 (%)

The on-premise deployment segment is also anticipated to flourish over the next nine years ascribing to benefits offered such as better control over system and data. On-premise solutions are easily replaceable and offer the flexibility to customize operations and add plug-ins as and when required. This is anticipated to spur the on-premise deployment demand over the forecast period. Nevertheless, on-premise deployment requires dedicated IT staff for high-end IT infrastructure and maintenance & support as well as is costly owing to which the market is anticipated to witness slower growth as compared to the cloud deployment.

Services Insights

System Integrationsegment emerged as one of the significant segment, valued at USD 202.6 million in 2016. The proliferation of new technologies such as cognitive computing, IoT, and multiple analytics platforms such as big data and advanced analytics paved the way for the decisive human capital solution to enhance operation efficiency. The rise in the development of a heterogeneous information technology environment drives the necessity for system integration in the industries.

The innumerable acquisition by the large enterprises of new businesses to enhance product development raises the homogeneity of service provision in the industry. The development of this new business model is anticipated to bolster the growth in the consulting services.

Regional Insights

North America is expected to be a significant region with high demand and development of the workforce analytics solution platform, owing to the presence of a robust industrial sector. The region accounted for over 40% revenue share in 2016 and is estimated to reach over USD 660.0 million by 2025.

亚太预计fastest-growing region owing to the presence of robust economies such as India, China, and Japan. The increasing adoption of analytics platform in the retail sector is also boosting regional growth. Moreover, the robust advancement in human resource consulting services industries that exploits an analytics platform to channelize productive and efficient human capital to the right organization will trigger the market growth.

Workforce Analytics Market Share Insight

Key competitors such as ADP. LLC, Tableau Software., SAP Se and IBM Corporation majorly occupy the market share. Other prominent players include Genpact Ltd., Kronos Inc., Oracle Corporation, PeopleSreme Pty. Ltd., and others. These players are involved in research and development activities to develop products compliant with the regulatory standards mandated by the government authorities. Strategic investments and partnerships are anticipated to be the most efficient way to gain quick access to emerging markets.

Report Scope

Attribute	Details
Base year for estimation	2016
Actual estimates/Historical data	2014 - 2015
Forecast period	2017 - 2025
Market representation	Revenue in USD Million and CAGR from 2017 to 2025
Regional scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
15% free customization scope (equivalent to 5 analyst working days)	If you need specific market information that is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report

This report forecasts revenue growth on the global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global Workforce Analytics market on the basis of type, services, deployment, application, and region:

• Type Outlook (Revenue, USD Million; 2014 - 2025)

  • Solution

  • 万博赛事播报

• Services Outlook (Revenue, USD Million; 2014 - 2025)

  • Managed

  • Consulting

  • System Integration

• Deployment Outlook (Revenue, USD Million; 2014 - 2025)

  • Cloud

  • On-premise

• Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Healthcare

  • IT & Telecommunication

  • BFSI

  • Manufacturing

  • Retail

  • Aerospace & Defense

  • Others

• Regional Outlook (Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa