Global Workforce Analytics Market: Key Insights and Opportunities Expected to Grow Till 2026

Published: Tue Oct 30 2018

A distinct branch of HR analytics, workforce analytics software is a widely used analytic tool to attain and analyze workforce related data for optimized operational efficiency and lucrative return on investment. Integral HR operations such as workforce hiring plans and task delegation have gained immense momentum, thus necessitating adoption of apt software solutions which has reflected favorably on the growth curve of workforce analytics market. A new business intelligence report titled, ‘Workforce Analytics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026’ recently included in the vast online catalogue of Market Research Reports Search Engine (MRRSE) enumerates ongoing market advances and their impact on holistic growth of workforce analytics market.

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Hybrid Workforce Analytics Trending in Workforce Analytics Market

To remain industry specific in the fast evolving workforce analytics market, leading market providers have integrated resources to achieve portfolio differentiation to adhere to industry specificities. Hybrid workforce analytics, besides more frequently used on-premise and cloud-based workforce analytics offer rife growth triggers in workforce analytics market. Sophisticated technologies such as machine learning is expected to emerge as a major disruptor in workforce analytics market.

Oracle Cloud Based Workforce Analytics Promises Next Gen Workforce Management

Striving to attain sustenance amidst stiff competitive landscape of workforce analytics market, market player Oracle has lately introduced novel features to boost performance of its workforce analytics offering, Oracle Human Capital Management Cloud. These recent feature up-gradation envision to accentuate employee engagement and performance, simplify HR operations, besides offering employees with easy accessibility to company data. This new development is expected to diminish recruitment costs, thus escalate enterprise ROI. New features included in Oracle HCM cloud software include smart candidate recruitment and onboarding, newsfeed alert, real-time feedback on performance, cross device functionality, and cloud-based HR helpdesk. This Oracle HCM is a promising development for workforce analytics market growth.

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Thorough research findings gleaned in the report allow readers to identify dominant market segments prevailing in workforce analytics market. This section of the report also allows readers to identify the segment associated with revenue maximization. Vital segments prevalent in workforce analytics market include, component, enterprise size, industry, and application. Based on enterprise size, workforce analytics market is stratified into SMEs and large enterprises. By component, workforce analytics market is segregated into software and services. Software is further classified into on-premise, cloud, and hybrid. Services is also sub-segregated into managed and professional. By application, workfirce analytics market is fragmented into time and attendance, scheduling and staffing, performance management, benchmarking. By industry, workforce analytics market is classified as BFSI, energy and utilities, government, retail, healthcare, and telecom amongst others.

Additionally, the report also lends a deep-dive overview of regional expanse of workforce analytics market. This section of the report identifies Europe, North America, South America, Asia-Pacific, and Middle East and Africa as core regional pockets.

Competition Matrix: Workforce Analytics Market

On the basis of thorough research elements portrayed in the report, readers can evaluate the efficacy of marketing tactics embraced by leading market players across regions and their subsequent impact on consumer response in terms of their buying discretion. Some of the noted players identified in workforce analytics market comprise, Aquire, Inc., Genpact Ltd., Oracle Corporation, SAP, Visier, Inc., and Workday, Inc. amongst others.

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