워크포스 애널리틱스 시장 규모, 점유율, 성장 분석 : 유형별, 전개 모델별, 조직 규모별, 산업별, 지역별 - 산업 예측(2024-2031년)

Global Workforce Analytics Market size was valued at USD 2.0 billion in 2022 and is poised to grow from USD 2.31 billion in 2023 to USD 7.26 billion by 2031, growing at a CAGR of 15.40% during the forecast period (2024-2031).

Workforce analytics, which employs statistical models to enhance productivity and refine process methodologies within organizations, is experiencing a surge in demand. This heightened necessity arises from the complexities of managing a growing workforce and the vast amounts of data generated daily. Traditional manual data management can lead to errors, making workforce analytics essential for optimizing Human Resource Management (HRM) processes. The Covid-19 pandemic significantly accelerated the adoption of these analytics as companies transitioned to remote work, necessitating effective data management solutions. As lockdowns eased and hiring resumed across various industries, the global workforce analytics market is expected to see substantial growth during the forecast period. Specifically, the US workforce analytics market is projected to experience a sustainable compound annual growth rate (CAGR) in the upcoming year. This growth trajectory highlights the critical role of workforce analytics in navigating the evolving landscape of human resource management and organizational efficiency.

Top-down and bottom-up approaches were used to estimate and validate the size of the global workforce analytics market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

global workforce analytics Market Segmental Analysis

Global Workforce Analytics Market is segmented by Type, Deployment Model, Vertical, and region. Based on Type, the market is segmented into Solutions, and Services. Based on Deployment Model, the market is segmented into On-Premise, and On-Cloud. Based on Organization Size, the market is segmented into Enterprise, Small and Medium Business. Based on Vertical, the market is segmented into BFSI, Energy and Utilities, Manufacturing, Healthcare, Retail, Government and Public Sector, Telecom and IT, Travel and Hospitality, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the global workforce analytics Market

The global workforce analytics market is poised for significant growth as organizations increasingly adopt advanced technological solutions and automation to optimize resource management. The shift toward cloud-based computing not only enhances operational flexibility but also demands robust security measures to safeguard sensitive employee data, driving the adoption of workforce analytics tools. These tools enable efficient data extraction, storage, and analysis, critical for informed decision-making in hiring and resource allocation processes. The increasing volume of recruitment activities further necessitates precise data monitoring, reinforcing the importance of workforce analytics in meeting organizational goals and facilitating data-driven strategies, thereby shaping a vibrant market landscape.

Restraints in the global workforce analytics Market

One significant market restraint for the global workforce analytics market is the limited capital available to small and medium enterprises (SMEs), which often leads them to rely on public cloud-based systems. While these solutions may offer operational efficiency, they are not immune to security vulnerabilities, raising concerns over data protection. Additionally, many SMEs facing budget constraints may resort to lower-quality, less secure analytics options, further hindering their ability to adopt advanced workforce analytics tools. This situation creates a sizeable challenge during the forecast period, potentially stunting growth in the market as organizations prioritize security over sophisticated workforce solutions.

Market Trends of the global workforce analytics Market

The global workforce analytics market is witnessing a significant trend driven by the need for seamless integration of data-driven tools in talent acquisition and employee evaluation processes. As employment rates rise, organizations require real-time monitoring capabilities to efficiently manage their workforce and optimize task allocation based on employee profiles. Simultaneously, the growing adoption of big data and artificial intelligence is further enhancing the effectiveness of these analytics solutions, contributing to improved decision-making and operational efficiency. This confluence of advanced technologies and the necessity for robust workforce management strategies is expected to propel the market's growth during the forecast period.

Table of Contents

Introduction

• Objectives of the Study
• Definitions
• Market Scope

Research Methodology

• Information Procurement
• Secondary & Primary Data Sources
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Market Overview Outlook
• Supply Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Dynamics
  • Drivers
  • Opportunities
  • Restraints
  • Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of Substitute Products
  • Bargaining Power of Buyers
  • Threat of New Entrants
  • Bargaining Power of Suppliers

Key Market Insights

• Key Success Factor
• Degree of Competition
• Top Investment Pockets
• Ecosystem of the Market

Workforce Analytics Market Analysis by Type

• Market Overview
• Solutions
• Services
  • Consulting Services
  • System Integration
  • Managed Services

Workforce Analytics Market Analysis by Deployment Model

• Market Overview
• On-Premise
• On-Cloud

Workforce Analytics Market Analysis by Organization Size

• Market Overview
• Enterprise
• Small And Medium Business

Workforce Analytics Market Analysis by Vertical

• Market Overview
• Banking, Financial Services and Insurance (BFSI)
• Energy and Utilities
• Manufacturing
• Healthcare
• Retail
• Government and Public Sector
• Telecom and IT
• Travel and Hospitality
• Others

Workforce Analytics Market Size by Region

• Market Overview
• North America
  • USA
  • Canada
• Europe
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of MEA

Competitive Landscape

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Activities in the Market
• Key Companies Market Share (%), 2023

Key Company Profiles

• ADP, LLC. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IBM Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Oracle Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAP SE (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Workday, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Visier Inc. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Workforce Software (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAS Institute Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Microsoft Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAP SuccessFactors (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zoho Corporation (India)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ADP DataCloud (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pluralsight, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ceridian HCM Holding Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Visier (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Gloat (Israel)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eightfold AI (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SAP Analytics Cloud (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ceridian Dayforce (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• IBM Watson Talent (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Xref (Australia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments