Press release
Workforce Analytics Market To Witness Astonishing Growth – 2026 | Key Players: Automatic Data Processing, Inc, IBM Corporation, Oracle Corporation
The Workforce Analytics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Workforce Analytics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Workforce Analytics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Workforce Analytics market.The Workforce Analytics market was valued at USD 765.72 million in 2020 and is expected to reach USD 1831.13 million by 2026, at a CAGR of 15.64% over the forecast period 2021 - 2026.
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Top Leading Companies of Workforce Analytics Market are - Automatic Data Processing, Inc, IBM Corporation, Oracle Corporation, Capgemini SE, Cisco Systems Inc., SAP SE, Visier, Inc, Peoplestreme Pty Ltd ( Ascender), SumTotal Systems, LLC ( Skillsoft Ltd), Cornerstone OnDemand Inc, Workday, Inc and others.
Industry News and Updates:
- March 2019 - Oracle Corporation released an updated version of Oracle HCM cloud to make work simpler, smarter, and more agile. This updated version offered an enhanced experience to users, such as candidates, recruiters, HR professionals, managers, and employees.
- February 2019 - Infor partnered with Montage, a provider of HR analytics solutions. This partnership would offer the next generation of predictive talent analytics and interviewing technology for the hiring process by leveraging the capabilities of their respective platforms.
Key Market Trends:
Performance Mnitoring Offers Potential Growth
- According to a survey by the World Economic Forum, 85 % of respondents stated they are likely to adopt user and entity big data analytics by 2022. Increase in the implementation of big data analytics and artificial intelligence contributing to the growth of the workforce analytics market.
- Further, with market dynamics changing quickly, real-time talent decisions are the need of the hour. Human capital is the asset of any organization, and employee performance has a significant impact on the bottom line. Thus monitoring their employee's performance gives a clear picture of what parts of their performance need improvement and which sections are meeting or exceeding expectations.
Asia- Pacific to Witness Fastest Growth
- The Asia-Pacific region is expected to witness the fastest growth during the forecast period because of the shift towards more employee-centric organizations. The companies are focusing on their employees to gain competitive advantages in the region. Therefore they are implementing the workforce analytics so that they get a clear picture of the internal framework.
- Moreover, the government's initiative, such as Startup India, to encourage entrepreneurship within the country, is also driving the market. The Workforce analytics will help the organization to make fact-based HR decisions. Therefore, creating a positive impact on the market.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Workforce Analytics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Workforce Analytics Market (%),2016 - 2026
- Workforce Analytics Market Share, By Brand
- Workforce Analytics Market Share, By Company
- Workforce Analytics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Workforce Analytics Market Value Analysis & Forecast
- Promising Workforce Analytics Development by Major Companies
- Detailed Workforce Analytics Portfolio of the Major Companies
- Major Deals in the Workforce Analytics Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082592354/workforce-analytics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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