Global HR Analytics Market By Component (Solution and Services), By Organization Size (Large Enterprises and Small & Medium Sized Enterprises), By Deployment Mode (On-premise and Cloud), By Application (Workforce Management, Retention, Recruitment, Payroll, Employee Engagement, Others), By End User (BFSI, Healthcare & Life Sciences, Manufacturing, Education & Legal, Telecom & IT, Consumer Goods & Retail and Others)
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The Global HR Analytics Market size is expected to reach $3.9 billion by 2025, rising at a market growth of 13.6% CAGR during the forecast period.
An important role of HR analytics is to provide access to critical data and insights about the workforce which can be then analyzed for making better decisions. Not only does it improve the HR performance but also provides a better understanding of what motivates employees to work productively, and how does the organizational culture affect employee performance.
HR Analytics Market Size
Running machine learning algorithms on a jobseeker?s data helps companies to catch the best matching talent for a vacant position, thereby improving the quality of recruitment. Similarly, using employee data, recruiters can recognize a pattern of high performing employees and accordingly modify their employee hiring and retention strategy. HR analytics helps identify the departments suffering from the maximum attrition and the reasons causing it. It can also help HR in identifying the activities which have the maximum impact on employee engagement and thus allow organizations to invest in such activities.
HR Analytics Market Share
Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Application, the market is segmented into Workforce Management, Retention, Recruitment, Payroll, Employee Engagement, Others. Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Manufacturing, Education & Legal, Telecom & IT, Consumer Goods & Retail and Others. The regions covered in the report are North America, Europe, Asia Pacific and LAMEA.
KBV Cardinal Matrix
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, Infor, Inc., The Sage Group Plc., IBM Corporation, Microstrategy Incorporated, ZOHO Corporation Pvt. Ltd., Sisense, Inc., Visier, Inc. and Workday, Inc. Based on the Analysis presented in the Cardinal matrix, SAP SE, Oracle Corporation and IBM Corporation are some of the forerunners in the HR Analytics market.
Scope of the Global HR Analytics Market
Market Segmentation:
By Component
- Solution
- Services
- Integration & Deployment
- Advisory & Consulting
- Support & Maintenance
By Application
- Workforce Management
- Retention
- Recruitment
- Payroll
- Employee Engagement
- Others
By Organization Size
- Large Enterprises
- Small & Medium Sized Enterprises
By Deployment Mode
- On-premise
- Cloud
By End User
- BFSI
- Healthcare & Life Sciences
- Manufacturing
- Education & Legal
- Telecom & IT
- Consumer Goods & Retail
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Oracle Corporation
- SAP SE
- Infor, Inc.
- The Sage Group Plc.
- IBM Corporation
- Microstrategy Incorporated
- ZOHO Corporation Pvt. Ltd.
- Sisense, Inc.
- Visier, Inc.
- Workday, Inc.
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