Global Workforce Analytics Market
The GMI Research contemplates that the Workforce Analytics Market will experience an expansion in demand over the forecast period. This is mainly due to mounting usage of data for strategic workforce planning, soaring need to decrease long-term labor problems, ensure the engagement and satisfaction of employees.
Introduction of the Workforce Analytics Market
Workforce analytics refers to a set of data analysis tools and metrics to measure and improve workforce performance. This helps to raise the productivity of the existing employees, rather than to hire additional staff and to improve the selection criteria.
Key Players of the Market:
- Splash Business Intelligence Inc.
- Visier, Inc.
- Genpact Limited
- SAP SE
- International Business Machines Corporation
- Sisense Inc.
- Kronos Incorporated
- Tableau Software, LLC
- Oracle Corporation
- ADP, Inc.
Workforce Analytics Market Dynamics
The growing need for an effective workforce, accelerating industrialization and their assistance to make better hiring decisions by predicting the success of a candidate, analyzing the future requirement of the workforce, optimizing the employee experience, recognizing and measuring the probability of work accident, and restraining talent from quitting jobs by forecasting employee turnover are some of the drivers supplementing the growth of the global workforce analytics market size. Moreover, the incorporation of sophisticated technologies such as artificial intelligence, cloud computing platforms, data analytics tools, and machine learning and imports mechanization in congregating and stabilizing consumer data across different systems in one platform to create insights effectively will strengthen the workforce analytics market size.
In addition, the augmenting adoption of analytics software to manage the massive volume of data associated with human capital to stimulate profitability of the organization along with the aggravating difficulties of talent management proliferates the market growth. However, a lack of knowledge concerned with the workforce analytics tools and resilience to convert traditional workforce management methods will curb the market growth. Furthermore, immense expenditure on implementation and increasing apprehension towards data privacy may restrain the workforce analytics market share.
Workforce Analytics Market Segmentation:
Segmentation by Component
- Talent Acquisition and Development Optimization Services
- Pay Roll and Monitoring
- Professional Services
- Managed Services
Segmentation by Deployment
Segmentation by Organization Size
- Small- and Medium-Sized Enterprises
- Large Enterprises
Segmentation by End-Use Industry
- Banking, Financial Services, and Insurance (BFSI)
- IT Telecom
Segmentation by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
About The Organization
A market research and consulting company, GMI Research, offers various enterprises with business insights and market research reports. Our research team accumulates all the relevant information about several industries using both internal and external databases. The prime focus of the organization is to acknowledge our clients with the upcoming opportunities and challenges across different industries. The team assists clients comprehend the influence of market dynamics like size, share, drivers, growth opportunities, and other aspects. We try to offer a step-by-step solution to our client to reach a managerial and actionable decision. The enterprise got featured in the list of Silicon India Magazine in 2018 as one of the Most Promising Market Research Consultants.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
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