Workforce Analytics Market 2023-Demand and Growth Analysis by Defense Industry Size, Share, Trends and Top Market Leaders -Automatic Data Processing Inc. (ADP), Cornerstone OnDemand Inc, IBM Corporation, Kronos Incorporated, Oracle Corporation, Peopleflue

Global workforce analytics market will reach $4,814.7 million by 2030, growing by 14.4% annually over 2020-2030 driven by the growing concern of dealing with humongous volume of data, aims of improving operation efficiencies and reducing labor cost, and evolving digital technologies such as cloud, 5G, big data, mobile platforms, and advanced analytics tools.
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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.

• Software & Solution
• Service & Support
o Consulting Services
o Managed Services
o System Integration

Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Time & Attendance
• Scheduling & Staffing
• Performance Management
o Workforce Planning
o Learning & Development
o Succession Management
• Benchmarking Analysis
o Compensation Management
o Performance Management
o Training and Development
o Succession Management
• Other Applications

Based on Deployment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• On-premise Deployment
• Cloud-based Deployment

Based on Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each primary section.
• Large Enterprises
• SMEs

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Key Players (this may not be a complete list and extra companies can be added upon request):
Automatic Data Processing Inc. (ADP)
Cornerstone OnDemand Inc
IBM Corporation
Kronos Incorporated
Oracle Corporation
Peoplefluent
PeopleStreme
SAP SE
Tableau Software Inc
Visier Inc.
Workday Inc
WorkForce Software LLC

Workforce analytics is the process of collecting, analyzing, and interpreting data related to an organization's workforce. It helps organizations to make data-driven decisions related to talent management, employee engagement, and workforce planning. With the increasing adoption of cloud-based solutions, big data analytics, and artificial intelligence (AI), the demand for workforce analytics solutions is expected to grow significantly in the coming years.

The report identifies the major drivers of the workforce analytics market as the need for better workforce planning and optimization, the increasing demand for real-time analytics, and the growing adoption of cloud-based solutions. In addition, the report highlights the growing trend of remote work and the need for organizations to manage their remote workforce effectively.

Based on the deployment type, the cloud-based deployment segment is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the benefits of cloud-based solutions, such as scalability, flexibility, and cost-effectiveness.

Geographically, North America is expected to dominate the workforce analytics market during the forecast period, owing to the presence of a large number of market players and the high adoption rate of workforce analytics solutions in the region.
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