HR Analytics Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: May 16, 2020 |

The global HR analytics market size was estimated at around USD 2 billion in 2019 and expected to grow at a significant CAGR of 14% during the forecast period 2020 to 2027. The increasing need for data efficiency and to reduce the cost of operation in organizations is projected to increase the demand for HR analytics tools in multiple industries. The rising need for HR analytics in enterprises to manage and process their employee data is expected to drive the market over the forecast years. Moreover, increasing demand for talent mobility and workforce optimization is projected to boost the market.

The market is segmented on the basis of services, solutions, deployment type, enterprise size, end-use, and region. By services, the market is further classified into implementation & integration, support & maintenance, and training & consulting. The implementation & integration segment held the largest share of the global HR analytics market share in 2019 due to the easy deployment of HR analytics in organizations. On the other hand, the support & maintenance segment is accounted for the fastest-growing segment during the forecast period.

On the basis of deployment, the market is further segmented into cloud and on-premises based deployment. The cloud segment is accounted for as the fastest-growing segment during the forecast period. The increasing penetration of mobile devices and technological advancement are some factors to drive the segment over the forecast. The cloud platform also offers low cost, low staff, scalability, flexibility, and enhanced collaboration.

On the basis of end-use, the IT & Telecom segment dominated the market in 2019 due to a large number of employees and has the technical infrastructure needed for analytics deployment. In addition, the organizations in the IT & Telecom sector are expanding their footprint across the globe and it caused difficulties in managing a globally dispersed workforce. This is a factor to drive the global HR Analytics market growth over the forecast.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

According to Research Corridor, this study will provide in-depth analysis of segments on the basis of current trends, market dynamics and country level analysis of hr analytics industry. This report provides market estimates and forecast for the period 2018-2027, along with respective CAGRs for each segment and regional distribution for the period 2020-2027. In depth analysis of competitive landscape, porter's five forces model, value chain analysis, and pricing strategies are also covered in the report scope.

Historical & Forecast Period

  • 2018 - Historical Year for hr analytics Market
  • 2019 - Base Year for hr analytics Market
  • 2020-2027 - Forecast Period for hr analytics Market

The hr analytics market report offers a primary overview of the hr analytics industry covering different product definitions, classifications, and participants in the industry chain structure. The quantitative and qualitative analysis is provided for the global market considering competitive landscape, development trends, and key critical success factors (CSFs) prevailing in the hr analytics industry.

HR Analytics Market Segmentation:

By Services:

  • Implementation & Integration
  • Support & Maintenance
  • Training & Consulting

By Solution:

  • Employee Engagement & Development
  • Payroll & Compensation
  • Recruitment
  • Retention
  • Talent Analytics
  • Workforce Planning
  • Others

By Deployment:

  • Cloud-based
  • On-premise

By Enterprise Size:

By End-Use:

  • Academia
  • BFSI
  • Government
  • Healthcare
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others

List of Key Companies:

  • IBM Corporation
  • MicroStrategy Incorporated
  • Oracle
  • SAP SE
  • Talentsoft
  • Tableau Software
  • Sage Software Solutions Pvt Ltd

HR Analytics Market Report Scope

This report provides an investigative analysis of the hr analytics market encapsulated in detailed sections such as

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Geographic Coverage

Geographically, the hr analytics Market report comprises dedicated sections centering on the regional market revenue and trends. The hr analytics market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific and Rest of the World (RoW). The RoW segment consists Latin America and the Middle East & Africa. The hr analytics market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance and others. hr analytics Market estimates have also been provided for the historical years 2017 & 2018 along with forecast for the period from 2018 - 2027.

  • North America hr analytics Market Revenue and Forecast
  • Europe hr analytics Market Revenue and Forecast
  • Asia Pacific hr analytics Market Revenue and Forecast
  • Latin America hr analytics Market Revenue and Forecast
  • Middle East and Africa hr analytics Market Revenue and Forecast

Key Questions Answered by HR Analytics Market Report

  • Market size and forecast of the hr analytics market for the period from 2018 to 2027
  • Compounded annual growth rate (CAGR%) for individual segments in various regional markets through 2025
  • Value chain analysis
  • Market share analysis combined with competitive landscape of key players
  • Profiles of key market players covering overall business operations, geographic presence, product portfolio, financial status and news coverage

(Reports will be updated due to COVID-19 impacts on the market)

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