HR Analytics Market Size Report Predicts Healthy Growth with Demand & Forecasts by 2024-2031

The global HR Analytics market is expected to witness a CAGR of 10.4% during the forecast period. HR analytics sometimes known as workforce analytics, people analytics, or talent analytics is used to increase the overall efficiency of an enterprise. It can optimize the recruitment process as well as can analyze the problem of people by using data. An HR analytics software is used for the application including talent acquisition, improving employee experience, streamlining corporate training and evaluations by leveraging the machine language. The major players which have a major share in the HR analytics market include Oracle Corp., SAP SE, Zoho Corp., Microsoft Corp., Workday Inc., IBM Corp., Kronos Inc., Infor Inc. and so on.

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Oracle Corp. offers Oracle HR Analytics which provides a web-based solution for all business for data analysis, performance appraisal, resume parsing as well as a background screening. One of the major advantages of the software is that it can provide simple analytics and charts which can be sent to higher management directly.

SAP SE offers various software for HR analytics including SAP SuccessFactors Workforce Planning, SAP SuccessFactors Workforce Analytics, and SAP Digital Boardroom. The software offers services including cloud deployment, automated HR data collection, supply-demand gap analysis along with financial modeling and impact.

Zoho Corp. offers Zoho People, an HR management program that manages HR processes and employees. The program also offers an employee self-service portal by which the staff members can access the information needed. It can simplify the HR process as well as can track things including attendance, leave and check-in & out time and so on.

Workday Inc. provides Workday, a SaaS enterprise system and can manage global companies. Various functions can be host through it including payroll, real-time insights, Human Capital Management, predictive analytics, and so other. It can be used easily with no requirement of any expertise in the HR field. Much emphasis is on security so that data remain safe always.

BambooHR LLC also offers a number of benefits to an HR. It offers services like payroll administration, attendance tracking, performance evaluation, and benefits management. The life cycle of employ can also be managed by the use of the Applicant Tracking System (ATS), and HRIS of the software.
Significant growth in the HR analytics market will be observed in the upcoming period. Companies will integrate AI and automation to ease the HR process. AI-enabled hiring, automated recruiting, interactive training, chatbots will be the trending features of the HR analytics software in the future. It will provide a personalized experience to employ & employer and will provide a human touch through machines.

Global HR Analytics Market- Segmentation

By Deployment

• On-Premise
• Cloud-Based

By Application

• Payroll
• Recruitment
• Workforce Management
• Performance Monitoring

By Verticals

• BFSI
• IT and Telecom
• Manufacturing
• Healthcare
• Government
• Others

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HR Analytics Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Advance Systems International Ltd.
• Aurion (Chandler Macleod Group)
• BambooHR LLC
• Crunchr
• Domo, Inc.
• GainInsights Solutions Pvt. Ltd.
• IBM Corp.
• Infor Inc.
• Microsoft Corp.
• MicroStrategy Inc.
• Oracle Corp.

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