Market Synopsis:
The global Workforce Analytics Market is growing continually. Rapid automation and advances in AI influence market growth. Governments are increasingly taking up initiatives to address the difficulties occurring in increasingly automating job settings. These include increasing employment in industries that are least susceptible to automation and promoting young entrepreneurship.
With the rising proliferation of smartphones, the Internet, and smart devices, the market is projected to garner enormous traction. According to Market Research Future (MRFR) asserts that the workforce analytics market is projected to garner a valuation of USD 1026 MN by 2023, growing at 13 % CAGR during the review period (2017 –2023).
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Competitive Outlook:
Highly competitive, the workforce analytics market appears fragmented due to the presence of several well-established players. Players incorporate strategies such as mergers & acquisitions, collaborations, partnerships, expansions, and product/ technology launches to gain a larger competitive share. These players majorly focus on new product development initiatives and geographical expansion.
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), Acquire, 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.
Segmentation:
The workforce analytics market report is segmented into types, deployments, organization size, end-users, and regions. The type segment is sub-segmented into solutions & services. The deployment segment is sub-segmented into On-cloud and On-premises. The organization size segment is sub-segmented into small & medium-sized enterprises (SMEs) and large organizations.
The end-user segment is sub-segmented into banking & financial services and insurance industry (BFSI), manufacturing, retail organizations, IT & telecom departments, healthcare & medical industry, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and Rest-of-the-World.
Regional Analysis:
North America leads the global workforce analytics market. The region is home to advanced technology providers with strong data mapping and data integration services, impacting the regional market growth. Besides, increasing numbers of small and medium-sized enterprises (SMEs) and the growing industrial sector are major workforce analytics trends in the region. High investments in developing workforce analytics, cloud-based solutions, and other related technologies increase the market share.
Industry News:
The global Workforce Analytics Industry hasbeen affected due to the lockdown across the regions. This pandemic situation has hampered the Workforce Analytics Industry as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others.
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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
Continued….
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