Press release
HR Analytics Market Research Report Explores the Trade Trends for the Forecast Period 2022 - 2030
The global HR analytics market size was USD 3.10 Billion in 2021 and is expected to register a revenue CAGR of 15.0% during the forecast period, according to the latest analysis by Emergen Research. Growing adoption of HR analytics among large, medium, and small size enterprises to make data-driven decisions is a major factor projected to support market revenue growth between 2022 and 2030. Organizations can leverage Artificial Intelligence (AI), predictive analysis, and computing power of cloud to analyze human resource data, which can be used for digital representation of workforce and drive better and personalized employee experiences.The study on the Global HR Analytics Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The HR Analytics market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the HR Analytics industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall HR Analytics industry.
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Some Key Highlights From the Report
The service segment is expected to register a steady revenue CAGR over the forecast period. Implementation and integration under the service segment help in trouble-free deployment of people analytics systems with internal and external systems of organizations. This also enables organizations to understand functionalities of current systems and create reliable connectivity among solutions.
The cloud segment is expected to register a rapid growth rate during the forecast period. Organizations are adopting cloud computing infrastructure to gain benefits from technologies of recent times that will help to enhance business efficiency along with the economic value. Cloud-based HR analytics system provides a centralized management system irrespective of business size.
The North America market accounted for largest revenue share in 2021 owing to rising innovation in HR Analytics systems and presence of key market players, such as Oracle, SAS Institute Inc., IBM, and others, in the region.
The report highlights the current impact of COVID-19 on the HR Analytics market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for HR Analytics according to the impact of COVID-19.
Major Players/Manufacturers profiled in the report are:
International Business Machines (IBM) Corporation, Oracle, SAS Institute Inc., Infor, Sage Group plc, Zoho Corporation Pvt. Ltd., Visier, Inc., Syncfusion Inc., UKG Inc., Degreed, Inc., ADP, Inc., and Cegid.
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Emergen Research has segmented the global HR analytics market based on component, deployment, organization size, application, verticals, and region:
Component Outlook (Revenue, USD Billion; 2019-2030)
Services
Consulting
Training & Support
Implementation and Integration
Others
Solution
Deployment Outlook (Revenue, USD Billion; 2019-2030)
On-premises
Cloud
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
Large Enterprises
Small and Medium-Sized Enterprises (SMEs)
Application Outlook (Revenue, USD Billion; 2019-2030)
Recruitment
Retention
Payroll
Workforce Management
Employee Development
Employee Engagement
Others
Verticals Outlook (Revenue, USD Billion; 2019-2030)
Government
BFSI
IT & Telecom
Manufacturing
Education & Training
Energy & Utilities
Healthcare
Others
Regional Analysis of the HR Analytics Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report offers a complete understanding of the HR Analytics market in key regions with respect to regional production and consumption patterns, import/export, supply and demand dynamics, trends, growth prospects, and the presence of prominent players in each region. Each of the mentioned regions is analyzed based on the comprehensive market data obtained from the major countries of each region to impart a clear understanding of the market.
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The report offers insightful information about the market dynamics of the HR Analytics market. It offers SWOT analysis, PESTEL analysis, and Porter's Five Forces analysis to present a better understanding of the HR Analytics market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the HR Analytics market.
Key Coverage of the HR Analytics Market:
Insightful information regarding the global HR Analytics market
Identification of growth in various segments and sub-segments of the HR Analytics market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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