People Analytics Market revenue to exceed USD 41.5 Billion by 2037, says Research Nester

Research Nester's latest report on the "Global People Analytics Market: Supply & Demand Analysis, Growth Forecasts & Statistics Report 2025-2037" provides an in-depth assessment of the rising adoption of data-driven HR practices, workforce optimization tools, and predictive analytics in talent management. The report segments the market by component, deployment model, organization size, and industry vertical, highlighting how evolving workplace dynamics, hybrid models, and AI integration are driving the demand for people analytics solutions globally.

According to a recent study by Research Nester, the global people analytics market size is expected to reach USD 41.5 billion by 2037, expanding at a CAGR of 12.4% during the forecast period 2025-2037.

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Shift Toward Data-Backed Human Capital Decisions to Propel Global People Analytics Market Growth

The people analytics market is on the rise as more organizations seek to integrate more data-driven approaches to workforce management and engagement. Due to the growing complexity of work and emerging expectations, the need for predictive insights has become crucial for HR functions. Organizations are using analytics to address issues of employee turnover, diversity and inclusion, and workforce management. The integration of AI and machine learning into people analytics platforms is making it possible to perform complex functions such as sentiment analysis and behavioural prediction. Also, the increasing focus on tangible HR results as well as return on investment (ROI) from talent management efforts is driving adoption across industries. With the changing demographics of the workforce across the globe, data-driven HR has emerged as one of the critical components for the sustenance and flexibility of organizations.

Key Drivers and Challenges Impacting the People Analytics Market

Growth Drivers:

• Rising need for real-time workforce insights in hybrid and globalized work environments

• Increased adoption of AI/ML technologies for employee behavior and performance tracking

• Growing focus on DEI (Diversity, Equity, and Inclusion) and ethical workforce management

• Pressure on HR teams to link talent strategies with measurable business outcomes

Challenges:

• Data privacy and ethical concerns related to employee surveillance and profiling

• Integration issues with legacy HRIS and ERP systems

• Resistance to change and lack of analytics maturity in traditional HR teams

• Shortage of skilled professionals capable of deriving insights from complex people data

Access our detailed report at: https://www.researchnester.com/reports/people-analytics-market/7689

The software segment is expected to remain the largest segment throughout the forecast period, capturing 65.9% by 2037 as businesses continue to look for a central platform for talent analytics, measurement, and forecasting tools. These solutions allow HR departments to track patterns of employee attrition and attrition and engagement, and skill enhancement in real-time and comparative analytics. As the need for individual employee experiences and workforce flexibility continues to rise, organizations are turning to intuitive, componentized analytics tools.

Payroll, CRM, and ERP system integration are making software-based people analytics more useful in every facet of HR. Thus, the flexibility and scalability of the software tools enable enterprises to connect workforce strategies with business performance indicators. As more and more companies seek more automation and self-service, and as more turn to artificial intelligence to drive insights in decision making, software platforms will remain the driving force in the evolution of HR decision-making.

North America is projected to dominate the global people analytics market, reaching 35% by 2037 due to high technology adoption and increased HR digitalization. In the United States, large enterprises are using people analytics for DEI, to reduce biases when hiring, and to align talent management with the organization's growth. High-technology HR departments are also using analytics for training and development, as well as for promoting employee health. In Canada, increased awareness of mental health, the use of remote employees, and the hiring of marginalized groups are pushing adoption in both private and public industries. North America is at the forefront of people analytics because the region has a rich vendor community and increased investment in HR technology.

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The competition in the industrial power inverter market is defined by the global technology suppliers' constant efforts to provide high-efficiency, scalable, and digitally integrated inverter systems. Some of the key challenges for manufacturers and other players are to extend the lifetime of the inverters, optimize the efficiency of the inverters under partial loads, and integrate AI capabilities for predictive maintenance. Some of the prominent vendors in the smart grid market are ABB Ltd., Delta Electronics, Inc., Enertechups, Enphase Energy, Fuji Electric Co., Ltd., Huawei Technologies Co., Ltd., Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Siemens, and SUNGROW. Manufacturers are also focusing on the product modularity and software-based energy management system requirements for hybrid and multi-source energy systems.

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About Research Nester

Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

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