The Latin America, Middle East and Africa Workforce Analytics Market would witness market growth of 23.4% CAGR during the forecast period (2023-2029).
Workforce analytics not only gives companies effective real-time access to and management of their personnel data, but it also offers insightful data. The enhancement of workforce analytics by integrating value-added processing like human resource compliance management tools and other features is a focus of many software development providers and vendors for immediate process design control. Additionally, it is anticipated that the widespread application of workforce analytics by both small and large businesses would benefit from the growing internationalization of the workforce.
The development of workforce analytics models, including employee verification, employee benefits administration, and employment application processing, depends on the rising need for improved architectures for talent and recruiting services. The market is growing due to consumer demand for efficient personnel management and recruitment. Many businesses make use of third-party talent acquisition platforms. Vendors are adopting new technology more frequently as a result.
Growing intelligence in the form of data among these organizations is crucial if the Middle East is to become a major global economy since a new generation of workers wants more and more from the firms in the region. The region's organizations strive to use highly reliable predictive analytics. Many companies in the United Arab Emirates use HR platforms to better oversee their human resource activities. With a strong strategic focus on nationalization all across the region, there's additionally an opportunity for countries and organizations to use workforce analytics to help define and drive this agenda to produce sustainable long-term value for organizations in the Middle East. In light of this, the workforce analytics market is estimated to witness significant growth in the region.
The Brazil market dominated the LAMEA Workforce Analytics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $120.4 million by 2029. The Argentina market is experiencing a CAGR of 24.1% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 23.1% during (2023 - 2029).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Manufacturing, Retail & Ecommerce, Government, Healthcare & Life Sciences, Education, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Workforce Analytics Market is Projected to reach USD 4.9 Billion by 2029, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Salesforce, Inc. (Tableau Software, LLC), Oracle Corporation, ADP, Inc., Workday, Inc., Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.), Visier, Inc., UKG, Inc. and WorkForce Software, LLC.
By Component
By Vertical
By Organization size
By Deployment Mode
By Country
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