Workforce Analytics Market: Enabling SMBs to Transform to Make Impactful Decisions in an Accelerated Service Economy

Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM).

Market Highlights

The ever-increasing business competitiveness has developed a new demand for analyzing the workforce and bring-out better business outcomes. Workforce analytics are the set of tools which are used to analyze the performance of the employees/workers in an organization. These tools and metrics are ideal in analyzing staffing, training & development, cost per hire, retention rate and all similar workforce related parameters which allow enterprise leaders to optimize their human resources. The recent trends in workforce analytics shows that the rising need for effective return on investment (ROI) and to mitigate company’s overall investments is leading to the adoption of workforce analytics tools in the organizations.

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Workforce analytics market is segmented on the basis of type, deployment and end-use industry. On the basis type, work force analytics market is further segmented into solutions and services. Workforce analytics solutions are the software tool which help an organization to manage its workforce. While, the services are the parallel business consulting, implementation of solutions and expert opinions which are provided to an organizations post deployment of the workforce analytics tools. On the basis of deployment type, work force analytics market is further segmented into on-premise and cloud-based. An on–premise workforce analytics tool allows organization to set-up the infrastructure inside the company’s premises. Whereas, cloud-based workforce analytics require networked services linked with remotely located cloud storage, which are provided by the software service provider.

The workforce analytics becomes crucial in analyzing task force in the organizations with high accountability of workers. In terms of end-use industry, workforce analytics market is further classified into telecom and IT, manufacturing, retail, healthcare and research, government and public sector, banking, financial services and insurance (BFSI) and others (education, travel & hospitality and media & entertainment).

Top Industry Players:

This report studies the global Workforce Analytics market, analyzes and researches the Workforce Analytics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: Kronos, Infor, Verint, NICE Systems, Aspect, Workforce Software, Click software, Calabrio, ATOSS, Genesys, Monet Software, InVision AG, Teleopti

Key Benefits

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global Workforce Analytics market from 2018 to 2023 to identify the prevailing market opportunities.
• The key countries in all the majors regions are mapped based on their market share.
• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes in details the analysis of the regional as well as global market, key players, market segments, and application areas, and growth strategies.

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Market Segment

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
• On-premises
• Saas Cloud-Based

Market Segment by Applications, can be divided into
• 5000 employees

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