HR Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (Cloud, On-premise); Enterprise Size (Large Enterprises, SMEs); Application (Workforce Management, Employee Engagement, Employee Development, Recruitment, Retention, Payroll); Industry Vertical (BFSI, IT and Telecom, Consumer Goods and Retail, Healthcare, Manufacturing, Education, Others) and Geography
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MARKET OVERVIEW
HR analytics refers tthe application of the analytic process tthe human resource department's talent data tmeasure the performance and efficiency that matter tHR the most tdrive better return on investment. It deals with gathering data, providing insights teach process sas tmake relevant managerial decisions, The data may include the number of people trained, the number of people with certain competencies, number of candidates thave in the pipeline based on the estimated attrition among others thelp managers tdeliver compliance and diversity reports.
MARKET SCOPE
The Global HR Analytics Market Analysis t2028 is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims tprovide an overview of the HR analytics market with detailed market segmentation by component, deployment, enterprise size, application, industry vertical, and geography. The report provides key statistics on the market status of the leading HR analytics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global HR analytics market is segmented intsolution, services
- On the basis of deployment, the market is segmented intcloud, on-premise
- Based on enterprise size, the market is bifurcated intlarge enterprises, SMES
- Based on application, the market is bifurcated intworkforce management, employee engagement, employee development, recruitment, retention, payroll
- Based on industry vertical, the market is bifurcated intBFSI, IT and telecom, consumer goods and retail, healthcare, manufacturing, education, others
MARKET DYNAMICS
Drivers-
- Growing Adoption Among Enterprises tMake Data-Driven Decisions.
- Rising Demand for Workforce Optimization and Talent Mobility.
Restraints-
- Varying Structure of Regulatory Policies and Data Regulations
- Cultural Barrier tAdopt Advanced Solutions Over Traditional Systems
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It alsprovides market size and forecast estimates from the year 2019 t2028 with respect tfive major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The HR analytics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report alsprovides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the HR analytics market in these regions.
IMPACT OF COVID-19 ON HR ANALYTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due tlockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition tthis, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
KEY
The report covers key developments in the HR analytics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from HR analytics market are anticipated tlucrative growth opportunities in the future with the rising demand for HR analytics in the global market.
The report alsincludes the profiles of key companies along with their SWOT analysis and market strategies in the HR analytics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Infor
- MicroStrategy Incorporated
- Sage People Limited
- Oracle Corporation
- SAP SE
- Sisense Inc.
- Tableau Software
- Talentsoft
- Visier Inc.
- ZohCorporation Pvt. Ltd.
- Valamis Group
- QuestionPrSurvey Software
- DATAPINE
- Quantzig
- Sisense Inc.
- QlikTech International AB
- Trianz
- Cornerstone
- Agile Analytics
- Coforge
- Deloitte
- TalentLyft
- GainInsights
- WNS (Holdings) Ltd
- Capgemini
- NGA Human Resources
- Assessment Systems
- Softweb Solutions Inc.
- Keka Inc
- Workday, Inc.
The Insight Partner dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
