HR Analytics Market 2022 : Future Growth Prospect, Industry Share And Growing Demand Analysis Till 2027

The HR 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 HR 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 HR Analytics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the HR Analytics market.

The market for the HR analytics market is expected to register a CAGR of 11% over the forecast period (2021 - 2026) 

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Top Leading Companies of HR Analytics Market are - SAP SE, Oracle Corporation, Workday Inc., Tableau Software Inc., IBM Corporation, Nakisa, Inc, Zoho Corporation Pvt. Ltd, Kronos Inc., GainInsights Solutions Pvt. Ltd and others.

Industry News and Updates:

- May 2020: Oracle Corporation announced the availability of Oracle Analytics for Cloud HCM. Built on Oracle Analytics Cloud and powered by Oracle Autonomous Database, Oracle Analytics for Cloud HCM provides HR executives, analysts, and line-of-business leaders with deeper insights into workforce management, by enabling a comprehensive view into data from across the organization. The new self-service analytics capabilities help customers maximize the value of Oracle Cloud HCM.

- November 2019: Workday Inc announced that it aims to acquire Scout RFP, a cloud-based platform for sourcing and supplier engagement. This acquisition would allow both organizations to maximize their opportunity to leverage their growth and drive cost savings as they aim to provide organization source-to-pay solution that delivers better business outcomes.

Key Market Trends:

Banking, Financial services, and Insurance to Witness Significant Share in The Market

- The financial industry faces many challenges specific to the HR department, including instances such as keeping the workforce updated to the compliance, maintaining payroll, workforce aging among others as they struggle to attract talent, engage the existing employee, and optimize the performance.
- Such organizations can leverage the potential of predictive analytics, AI, and cost-effectiveness of the cloud computing of tools such as HR analytics to acts on the HR data and other sources, including social media platforms such as Linkedin to build a digital representation of each employee to drive personalized insights.

North America to Hold the Significant Share in The Market

- The adoption of HR analytics in North America has strong over the course last five years. This is due to an increase in the adoption of cloud infrastructure by the major organizations within the region and the presence of the major vendor for HR analytics, including IBM Corporation, IBM Corporation, among others.
- For instance, LinkedIn published a report stating that it has found a 3x increase in HR professionals from North America who list analytics skills and similar keywords in their profile in the last five years.
- Furthermore, the study also suggests that it has found North America' concentrated adoption of HR analytics in industries such as finances and tech-software with finance holding the highest adoption while other industries such as architecture, spectrum, and the manufacturer have a lower rate of adoption.

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:
- HR Analytics Market Size & Analysis (2017 - 2027)
- Market Share Analysis of HR Analytics Market (%),2017 - 2027
- HR Analytics Market Share, By Brand
- HR Analytics Market Share, By Company
- HR Analytics Market Assessment & Opportunity (Value),2017 - 2027
- Major Companies HR Analytics Market Value Analysis & Forecast
- Promising HR Analytics Development by Major Companies
- Detailed HR Analytics Portfolio of the Major Companies
- Major Deals in the HR Analytics Market
- Major Companies Analysis

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