The need to optimize the human capital of firms is boosting the workforce analytics market 2020. The ICT industry reports are produced by Market Research Future, which highlights market options for expansion. A revenue level of USD 1026 Million is predicted by the end of 2023 with the support of a 13 % CAGR in the forecast period.
The development of the work culture has led to the need to improve the handling of human resources, which is estimated to enhance the workforce analytics market share in the impending period. The development of diversity in the way workforce function is estimated further to improve the growth of the workforce analytics market.
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The prominent contenders in the workforce analytics market are Cornerstone OnDemand Inc (U.S.), Kronos Inc (U.S.), PeopleSreme Pty. Ltd (Australia), SAP SE (Germany), Aquire, Inc (U.S.), Tableau Software (U.S.), ADP LLC (U.S.), Tower Watson & Co (U.S.), Visier Inc (Canada), Oracle Corporation (U.S.), Workday Inc (U.S.), WorkForce Software, LLC (U.S.), Genpact Ltd (Bermuda), IBM Corporation (U.S.) among others.
The segmental study of the workforce analytics market is segmented into deployment, organization size, type, industry vertical, and region. Based on the organization size, the workforce analytics market is segmented into large and SME’s. On the basis of type, the workforce analytics market is bifurcated into solutions and services. On the basis of deployment, the workforce analytics market is segmented into on-cloud and on-premise. On the basis of industry vertical, the workforce analytics market is segmented into insurance, retail, banking, logistics, healthcare, government, and manufacturing. Based on the Regions, the workforce analytics market is segmented into Europe, North America, Asia Pacific, and other regions.
The regional review of the workforce analytics is segmented into Europe, North America, Asia Pacific, and other regions. The North American region is principal the market in the workforce analytics majorly owing to the incidence of several vendors. Also, the boost in the initial adoption of cloud-based workforce analytics by the U.S and Canadian companies, coupled with the transfer towards software as a service in cloud-based workforce analytics is estimated to benefit market expansion. The European region and the Asia Pacific region follow the North American regional market. The augmentation in infrastructure and awareness of the advantages of workforce analytics through the Asia Pacific region is anticipated to develop the market all through the forecast period. The countries of India, China, and Japan have the top market share of the workforce analytics market in the APAC region. The swift economic development in the region, growing citizen affluence is playing a vital role in the expansion of this market.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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