Press release
Global HR Analytics Market Projected to Grow at 14.30% CAGR.
HR Analytics Market
The Global HR analytics market size was valued at $3.35 billion in 2022 and is projected to reach $8.55 billion by 2029, registering a compound annual growth rate (CAGR) of 14.30% during the forecast period of 2023-2029.
About The Report: https://www.maximizemarketresearch.com/market-report/global-hr-analytics-market/83902/
Report Scope And Research Methodology
The report provides a comprehensive analysis of the HR analytics market dynamics, segments, regional landscape, competitive scenario, and future outlook. It segments the market by solution (workforce planning, payroll & compensation, recruitment, retention, talent analytics, employee engagement & development, others), service (implementation & integration, support & maintenance, training & consulting), deployment model (cloud, on-premise), enterprise size (large enterprises, SMEs), end-user industry (IT & telecom, BFSI, healthcare, manufacturing, retail, academia, government, others), and geography.
The market estimations and insights are derived using robust research methodologies including PESTEL, PORTER, and SVOR analysis, integrating qualitative perspectives and historical data.
Drivers
Key drivers propelling the market growth include increasing workforce globalization, growing need for skilled talent acquisition through analytics, rising adoption of HR analytics solutions by SMEs, and the cost-effectiveness and efficiency of cloud-based solutions.
Restraints
However, ethical concerns regarding data privacy, security risks like data breaches and cyber-attacks, and the challenges of monitoring and collecting large datasets pose potential restraints to market expansion.
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Regional Insights
North America dominated the HR analytics market in 2022 and is expected to retain its leading position during the forecast period, driven by the region's technological prowess and enterprises' focus on improving workforce efficiency. The Asia Pacific region is anticipated to witness rapid growth, fueled by emerging economies like India, China, and the Philippines, along with government initiatives promoting SMEs and increasing cloud technology adoption.
HR Analytics Market Segmentation
by Solution
Employee Engagement & Development
Payroll & Compensation
Recruitment
Retention
Talent Analytics
Workforce Planning
Others
The workforce planning category produced a significant portion of US$ Mn in 2022 based on solution. The IT and telecom category is anticipated to lead the market over the forecast period, based on the end-user industry. Businesses in the telecom and IT sectors are growing internationally, which raises the requirement for effective HR analytics solutions as it becomes more difficult to manage a workforce that is dispersed over the globe. Based on the deployment methodology, on-premise solutions were the most popular since they provide the tractability needed to modify operations and improve plug-ins as needed. Over the projection period, the cloud segment is anticipated to develop at the highest CAGR of.
by Service
Implementation & Integration
Support & Maintenance
Training & Consulting
by Deployment Model
Cloud
On-premise
by Enterprise Size
Large Enterprise
Small & Medium Enterprise
by End-user
Academia
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others
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HR Analytics Market Key Players
The major players operating in the global HR analytics market include,
1. IBM Corporation
2. Infor
3. Crunchr
4. Sisense
5. Cognizant Technology Solutions Corp.
6. Infosys Limited
7.ADP LLC
8. Ascentis Software Corporation
9. Genpact Ltd.
10. Cornerstone OnDemand, Inc.
11. Beeline
12. GainInsights Solutions Pvt. Ltd.
13. Paylocity
14. Nakisa, Inc.
15. PeopleFluent Companies
16. PeopleStreme Pty. Ltd
17. Visier, Inc.
18. TALENTSOFT
19. Oracle
20. SAP SE
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Table of content for the HR Analytics Market includes:
Global HR Analytics Market: Research Methodology
Global HR Analytics Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global HR Analytics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
