Workforce Analytics Market Increasing Demand with Leading Key Players by 2026 | Oracle, IBM, Tableau Software, SAP, Workday, ADP, Cornerstone OnDemand

Workforce analytics comprises a set of tools which measure, characterize and organize sophisticated employee data. These tools are used to present detailed employee performance to provide a better understanding and assist in overall management. Workforce analytics uses statistical models and other techniques to analyze worker-related data, allowing leaders to improve the effectiveness of people-related decision-making and human resources strategy.

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The company profiles of workforce analytics market players included in this report are Oracle Corporation, IBM Corporation, Tableau Software Inc, SAP SE, Workday Inc, ADP LLC, Cornerstone OnDemand Inc, Kronos Incorporated, WorkForce Software, LLC, and Visier Inc.These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

The increasing use of data for strategic workforce planning, need to reduce the long-term labor issues, rise in need to spot the talent gaps from performance data, to achieve competitive advantage, to ensure employee satisfaction & engagement are the major factors that drive the growth of the workforce analytics market. However, consolidating all the available data from different sources, lack of analysis skills, concerns associated with data privacy and compliance are expected to hinder the workforce analytics market growth. On the contrary, AI based workforce analytics solutions, availability of huge volume of (Human Resource) HR data and increase in number of data sources, use of machine learning & blockchain technologies with workforce analytics are expected to provide lucrative opportunities for the market growth in the coming years.

The workforce analytics market is segmented on the basis of component, deployment, organization size, industry vertical, and region. Based on component, the market is categorized into solution and service. On the basis of deployment, it is classified into on-premise and cloud. Based on the organization size workforce analytics market is bifurcated into large enterprises and SMEs. Depending on industry vertical, it is divided into BFSI, manufacturing, healthcare, government, retail, IT & telecom, education, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, LAMEA.

Key benefits for stakeholders

– The study provides an in-depth analysis of the global workforce analytics market along with the current & future trends to elucidate the imminent investment pockets.

– Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.

– Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.

– The quantitative analysis of the global workforce analytics market from 2019 to 2026 is provided to determine the market potential.

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Key market segments
By Component
– Solution
– Service
By Deployment Mode
– On-Premise
– Cloud
By Organization Size
– Large Enterprises
– Small & Medium Enterprises
By Industry Vertical
– BFSI
– Manufacturing
– Healthcare
– Government
– Retail & E-Commerce
– IT & Telecom
– Education
– Others

By Region
– North America
o U.S.
o Canada
– Europe
o UK
o Germany
o France
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa

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This release was published on openPR.