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
Report Code: TIPRE00006162 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming
MARKET OVERVIEW
HR analytics refers to the application of the analytic process to the human resource department's talent data to measure the performance and efficiency that matter to HR the most to drive better return on investment. It deals with gathering data, providing insights to each process so as to make relevant managerial decisions, The data may include the number of people trained, the number of people with certain competencies, number of candidates to have in the pipeline based on the estimated attrition among others to help managers to deliver compliance and diversity reports.
MARKET SCOPE
The "Global HR Analytics Market Analysis to 2028" 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 to provide 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
MARKET DYNAMICS
Drivers:
Restraints
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 also provides market size and forecast estimates from the year 2019 to 2028 with respect to five 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 also provides 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 to lockdowns, 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 to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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 to lucrative growth opportunities in the future with the rising demand for HR analytics in the global market.
The report also includes 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.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
HR analytics refers to the application of the analytic process to the human resource department's talent data to measure the performance and efficiency that matter to HR the most to drive better return on investment. It deals with gathering data, providing insights to each process so as to make relevant managerial decisions, The data may include the number of people trained, the number of people with certain competencies, number of candidates to have in the pipeline based on the estimated attrition among others to help managers to deliver compliance and diversity reports.
MARKET SCOPE
The "Global HR Analytics Market Analysis to 2028" 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 to provide 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 into solution, services
- On the basis of deployment, the market is segmented into cloud, on-premise
- Based on enterprise size, the market is bifurcated into large enterprises, SMES
- Based on application, the market is bifurcated into workforce management, employee engagement, employee development, recruitment, retention, payroll
- Based on industry vertical, the market is bifurcated into BFSI, IT and telecom, consumer goods and retail, healthcare, manufacturing, education, others
MARKET DYNAMICS
Drivers:
- Growing Adoption Among Enterprises to Make Data-Driven Decisions.
- Rising Demand for Workforce Optimization and Talent Mobility.
Restraints
- Varying Structure of Regulatory Policies and Data Regulations
- Cultural Barrier to Adopt 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 also provides market size and forecast estimates from the year 2019 to 2028 with respect to five 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 also provides 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 to lockdowns, 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 to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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 to lucrative growth opportunities in the future with the rising demand for HR analytics in the global market.
The report also includes 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.
- Zoho Corporation Pvt. Ltd.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
The List of Companies
1. Infor
2. MicroStrategy Incorporated
3. Sage People Limited
4. Oracle Corporation
5. SAP SE
6. Sisense Inc.
7. Tableau Software
8. Talentsoft
9. Visier Inc.
10. Zoho Corporation Pvt. Ltd.
1. Infor
2. MicroStrategy Incorporated
3. Sage People Limited
4. Oracle Corporation
5. SAP SE
6. Sisense Inc.
7. Tableau Software
8. Talentsoft
9. Visier Inc.
10. Zoho Corporation Pvt. Ltd.
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