Workforce Analytics Market to 2025 - Global

Analysis and Forecasts by Solution, Service and

Deployment

No of Pages: 150

Publishing Date: Feb 2017

Single User PDF: US$ 3900

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 Workforce Analytics Market to 2025

Introduction

The rapidly growing business competitiveness has generated a growing demand for examining the man power and
pull-out better business results. Workforce analytics is a preset combination of tools that facilitate the analysis of
the worker/employee performance in a firm. These metrics and tools are best suitable for analyzing training &
development, staffing, retention rate, cost per hire and all similar task force related parameters that permits
enterprise to enhance their human resources. Current trends in workforce analytics exhibit increasing requirement
for effective ROI and to lower down companys entire investments, directing towards the implementation of
workforce analytics tools in organizations.

Optimization of work force to improvise company performance is an important aspect that is driving the
organization to adopt workforce analytics in their system and subsequently leading to growth in market. Also some
other factors such as its capability to improvise decision making skills with respect to talent acquisition and cope up
with the changing work dynamics are foreseen to drive the market growth globally. However, data security worries
for the cloud based task force analytics tools are suspected to restrain the market. Also, deficiency of awareness
within the organizations, specifically in emerging markets is hindering the growth of workforce analytics market.

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 Workforce Analytics Market to 2025
The global market is categorized on the basis of type, deployment type, verticals and region. Based on type, the
market is bifurcated into two sections, viz., services and solutions. Workforce analytics tools are the software tool
that facilitate an organization to manage its task force. Whereas, the services are the equivalent business consulting,
deployment of solutions and professional opinions that are offered to an organizations post deployment of the
workforce analytics tools. Based upon deployment type, work force analytics market is further categorized into
cloud based and on-premise. An onpremise workforce analytics tool permits organization to build-up the
infrastructure within the companys premises. While, cloud-based workforce analytics demand for networked
services connected with distantly located cloud storage that are offered by the software service provider. The
workforce analytics becomes vital in examining man power in an organizations with high responsibility of workers.
In terms of industry verticals, the market is further segmented into IT & Telecom, retail, manufacturing, healthcare
& research, government & public sector, banking, financial services & insurance (BFSI), education, media &
entertainment and travel & hospitality. government & public and BFSI segment is expected to dominate the overall
workforce analytics market in the nearing future. Being a global market, the region wise segment comprises of
North America, Europe, Asia-Pacific, South America and Middle East and Africa. In North America enhancement of
work analytics tools in terms of its interface and end result has caused the product penetration yet deeper. In
developing provinces such as APAC and SAM the adoption of system is expect to boost with emergence of enhanced
analytical skills.

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 Workforce Analytics Market to 2025

Some of the leading players in the manufacturing and development of workforce analytics solutions comprises of
Genpact Ltd., Visier, Inc., SAP Success Factors, Kronos, Inc., Aquire, Inc., Peoplefluent companies, Workday, Inc.,
Towers Watson & Co., PeopleStreme Pty. Ltd., Cornerstone OnDemand, Inc, Oracle Corporation, Tableau Software,
Inc. and WorkForce Software LLC.

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