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Workforce Analytic Trends and Forecast
The future of the global workforce analytic market looks promising with opportunities in the healthcare, IT & telecommunication, BFSI, manufacturing,retail, food & beverages, and government markets. The global workforce analytic market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 13.7% from 2024 to 2030. The major drivers for this market are growing utilization of data in strategic workforce planning to gain a competitive edge and addressing long-term labor concerns while ensuring employee engagement and satisfaction.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Workforce Analytic by Segment
The study includes a forecast for the global workforce analytic by enterprise type, deployment, end use industry, and region.
Workforce Analytic Market by Enterprise Type [Shipment Analysis by Value from 2018 to 2030]:
• Large Enterprises
• Small & Medium Enterprises
Workforce Analytic Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:
• Cloud
• On-Premise
Workforce Analytic Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Healthcare
• IT & Telecommunication
• BFSI
• Manufacturing
• Retail
• Food & Beverages
• Government
• Others
Workforce Analytic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Workforce Analytic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies workforce analytic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the workforce analytic companies profiled in this report include-
• ADP
• Cornerstone OnDemand
• IBM
• Kronos
• SAP
• Workday
• WorkForce Software
• Visier
• Oracle
• TriNet
Workforce Analytic Market Insights
Lucintel forecasts that large enterprises will remain the largest segment over the forecast period due to initial adoption of the software.
Within this market, IT & telecommunication is expected to witness the highest growth due to swift progress in the sector driven by the increasing demand for enhanced it and telecommunication services.
North America will remain the largest region over the forecast period due to this region is technologically progressive, embracing new technologies quickly.
Features of the Global Workforce Analytic Market
Market Size Estimates: Workforce analytic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Workforce analytic market size by enterprise type, deployment, end use industry, and region in terms of value ($B).
Regional Analysis: Workforce analytic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different enterprise type, deployment, end use industry, and regions for the workforce analytic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the workforce analytic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the workforce analytic market size?
Answer: The global workforce analytic market is expected to reach an estimated $3.5 billion by 2030.
Q2. What is the growth forecast for workforce analytic market?
Answer: The global workforce analytic market is expected to grow with a CAGR of 13.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the workforce analytic market?
Answer: The major drivers for this market are growing utilization of data in strategic workforce planning to gain a competitive edge and addressing long-term labor concerns while ensuring employee engagement and satisfaction.
Q4. What are the major segments for workforce analytic market?
Answer: The future of the workforce analytic market looks promising with opportunities in the healthcare, IT & telecommunication, BFSI, manufacturing,retail, food & beverages, and government markets.
Q5. Who are the key workforce analytic market companies?
Answer: Some of the key workforce analytic companies are as follows:
• ADP
• Cornerstone OnDemand
• IBM
• Kronos
• SAP
• Workday
• WorkForce Software
• Visier
• Oracle
• TriNet
Q6. Which workforce analytic market segment will be the largest in future?
Answer: Lucintel forecasts that large enterprises will remain the largest segment over the forecast period due to initial adoption of the software.
Q7. In workforce analytic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to this region is technologically progressive, embracing new technologies quickly.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the workforce analytic market by enterprise type (large enterprises and small & medium enterprises), deployment (cloud and on-premise), end use industry (healthcare, IT & telecommunication, BFSI, manufacturing, retail, food & beverages, government, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Workforce Analytic Market, Workforce Analytic Market Size, Workforce Analytic Market Growth, Workforce Analytic Market Analysis, Workforce Analytic Market Report, Workforce Analytic Market Share, Workforce Analytic Market Trends, Workforce Analytic Market Forecast, Workforce Analytic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Workforce Analytic Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Workforce Analytic Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Workforce Analytic Market by Enterprise Type
3.3.1: Large Enterprises
3.3.2: Small & Medium Enterprises
3.4: Global Workforce Analytic Market by Deployment
3.4.1: Cloud
3.4.2: On-Premise
3.5: Global Workforce Analytic Market by End Use Industry
3.5.1: Healthcare
3.5.2: IT & Telecommunication
3.5.3: BFSI
3.5.4: Manufacturing
3.5.5: Retail
3.5.6: Food & Beverages
3.5.7: Government
3.5.8: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Workforce Analytic Market by Region
4.2: North American Workforce Analytic Market
4.2.2: North American Workforce Analytic Market by End Use Industry: Healthcare, IT & Telecommunication, BFSI, Manufacturing, Retail, Food & Beverages, Government, and Others
4.3: European Workforce Analytic Market
4.3.1: European Workforce Analytic Market by Enterprise Type: Large Enterprises and Small & Medium Enterprises
4.3.2: European Workforce Analytic Market by End Use Industry: Healthcare, IT & Telecommunication, BFSI, Manufacturing, Retail, Food & Beverages, Government, and Others
4.4: APAC Workforce Analytic Market
4.4.1: APAC Workforce Analytic Market by Enterprise Type: Large Enterprises and Small & Medium Enterprises
4.4.2: APAC Workforce Analytic Market by End Use Industry: Healthcare, IT & Telecommunication, BFSI, Manufacturing, Retail, Food & Beverages, Government, and Others
4.5: ROW Workforce Analytic Market
4.5.1: ROW Workforce Analytic Market by Enterprise Type: Large Enterprises and Small & Medium Enterprises
4.5.2: ROW Workforce Analytic Market by End Use Industry: Healthcare, IT & Telecommunication, BFSI, Manufacturing, Retail, Food & Beverages, Government, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Workforce Analytic Market by Enterprise Type
6.1.2: Growth Opportunities for the Global Workforce Analytic Market by Deployment
6.1.3: Growth Opportunities for the Global Workforce Analytic Market by End Use Industry
6.1.4: Growth Opportunities for the Global Workforce Analytic Market by Region
6.2: Emerging Trends in the Global Workforce Analytic Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Workforce Analytic Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Workforce Analytic Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ADP
7.2: Cornerstone OnDemand
7.3: IBM
7.4: Kronos
7.5: SAP
7.6: Workday
7.7: WorkForce Software
7.8: Visier
7.9: Oracle
7.10: TriNet
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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