Workforce Analytics Market To Bolster And Reach Around USD 1056.38 Million by 2022

12-Oct-2018 | Zion Market Research

The key players active in the global workforce analytics market are Genpact Ltd., Visier Inc., Peoplefluent companies, SAP Success Factors, Aquire Inc., Kronos Inc., PeopleStreme Pty. Ltd., Workday Inc., Oracle Corporation, Towers Watson & Co., WorkForce Software LLC, Cornerstone OnDemand Inc., and Tableau Software Inc. These players are responsible for towering the development of workforce analytics market.

According to the experts at Zion Market Research, global workforce analytics market was capitalized at almost USD 459.14 Million in 2016. The workforce analytics market is likely to cross almost USD 1056.38 Million by end of 2022, developing at a CAGR of almost 15% from 2017 to 2022.

Browse the full " Workforce Analytics Market by Deployment Mode (On-Premises and Cloud) for BFSI, Government, Retail, Healthcare, Manufacturing, and Others - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2022" report at  https://www.zionmarketresearch.com/report/workforce-analytics-market

Labor Shortage And Economic Effect To Elevate The Growth Of Global Workforce Analytics Market

Labor shortage, economic effect, and many other catastrophes are been faced by developed and developing nations all over the globe. So it is very essential for worldwide businesses to analyze and manage the workforce efficiently. Elevated aim on streamlining business procedures and technology enhancements along with developing the size of firms, these are the major boosters of the workforce analytics market. Workforce analytics software generates a limitless number of automated business apps that make work more flexible and reliable, thereby powering the workforce analytics market. Elevating need to make a cleverer decision about the talent powers the workforce analytics market. Rising rivalry among businesses requires effective business processes. This can be achieved by managing and handling workforce effectively. Owing to globalization, firms are altering their business plans and operating dynamics. And this factor is also fueling the development of a global workforce analytics market. The scarcity of awareness in modern workforce analytics acts as a hindering factor for the global workforce analytics market.

Nevertheless, increasing demand for mobile apps and the acceptance of workforce analytics from medium and small businesses are expected to power the growth of the global workforce analytics market. In addition to this, various new launches by prominent market players are also one of the major factors that play a vital role in powering the workforce analytics market. For example, in Mar 2018, Oracle Corporation conducted product innovation in the HCM Cloud with artificial intelligence and new analytics features, thereby powering the global workforce analytics market.

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Cloud-Supported Workforce Analytics To Dominate The Workforce Analytics Market In The Near Future

Workforce analytics market is divided based on vertical, deployment mode, and region. Deployment mode division of the workforce analytics market comprises cloud and on premises. The latest scenario displays that cloud-supported workforce analytics is the top division segment in the workforce analytics market. Software supplier such as SaaS is dominating in the cloud segment of workforce analytics market. Because of user-friendly characteristic and simple installation, the cloud is tuning out to be a favorable item in the workforce analytics market.

The global workforce analytics market is segmented as follows:

By Deployment 

  • Cloud
  • On-Premises

By Vertical 

  • BFSI
  • Government
  • Retail
  • Healthcare
  • Manufacturing 
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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