Workforce Analytics Market Impressive Growth at 16.3% CAGR Forecasts 2019 to 2024 | Kronos, Infor, Verint, NICE Systems, Aspect and More..

Workforce Analytics Market

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).

The workforce analytics solutions are expected to dominate the market from 2016 to 2022 with the largest market share, due to growing workforce challenges faced by the organizations worldwide. Among the services, due to the changing work dynamics and variations in global governmental labor regulations, the demand for consulting services is expected to gain traction in the next five years. Some of the leading Companies incorporated in this Research are Kronos, Infor, Verint, NICE Systems, Aspect, Workforce Software, Clicksoftware, Calabrio, ATOSS, Genesys, Monet Software, InVision AG, Teleopti.

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According to this study, over the next five years the Workforce Analytics market will register a 16.3% CAGR in terms of revenue, the global market size will reach US$ 1830 million by 2024, from US$ 740 million in 2019.

The Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market share in the workforce analytics market in 2016. The healthcare sector is expected to grow at the highest CAGR from 2016 to 2022, in the workforce analytics market. The BSFI industry will be investing greater resources in the market to focus on providing better services to customers through their limited global and local workforce. Authorities are encouraging investments in the healthcare industry in a bid to modernize and digitize the industry infrastructure and workforce.

North America is expected to have the largest market share and dominate the workforce analytics market from 2016 to 2022, due to the presence of a large number of analytics vendors. Asia-Pacific (APAC) offers potential growth opportunities.

This study considers the Workforce Analytics value generated from the sales of the following segments:

Segmentation by product type: 
On-premises
Saas Cloud-Based

Segmentation by application: 
5000 employees

Reports Monitor is a methodical effort to gather information about the targeted market which is Workforce Analytics. It is a very significant part of a business strategy. The term is often used in resemblance to marketing research; but specialized Market research is one of the major factors used to maintain competitiveness over competitors.

Why Global Workforce Analytics market 2019 Research Report?

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Recognize and examine the needs of the market, the market size, and the competition.

Market-research techniques cover both qualitative techniques such as -

Focus groups

Detailed interviews

Ethnography

Quantitative techniques like -

customer surveys

analysis of secondary data.

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