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 automated 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 2.74 BN by 2023, growing at 14.20% CAGR during the review period (2023 –2032).

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Competitive Outlook:

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:

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.

Industry News:

The global Workforce Analytics Industry has been 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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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