HR Analytics Market By Component (Software and Services), Application (Core HR, Workforce Management, and Talent Management), Organization Size (MSMEs and Large Enterprises), and Region (North America, Europe, APAC, and RoW) – Global Forecast up to 2025
Report Title: HR Analytics Market By Component (Software and Services), Application (Core HR, Workforce Management, and Talent Management), Organization Size (MSMEs and Large Enterprises), and Region (North America, Europe, APAC, and RoW) – Global Forecast up to 2025
This market research report includes a detailed segmentation of the global HR analytics market by component (software and services), by application (core HR, workforce management, and talent management), by organization size (MSMEs and large enterprises), and by region (North America, Europe, APAC, and RoW). The market research report identifies SAP, Oracle, MicroStrategy, IBM, Tableau, Zoho, Crunchr, Talentsoft, Sisense, and Sage Software as the major vendors operating in the global HR analytics market.
Overview of the HR Analytics Market
Infoholic’s market research report predicts that the global HR analytics market will grow at a CAGR of around 12% during the forecast period 2019–2025. The demand for HR analytics solutions is increasing due to multiple factors, including gaining insights about the enterprise workforce and understanding how an organization culture is impacting the workforce productivity and employee performance. Measuring & reducing the employee turnover rate is also one of the factors boosting the adoption of HR analytics solutions. Protecting the privacy of an employee and ensuring the information is not misused are among the major restraints hindering the HR analytics market growth.
HR analytics, workforce analytics, and people analytics are the terms often used interchangeably, but they differ from each other. People analytics applies to all the people in an organization, including customers as well as employees; however, workforce analytics and HR analytics share the same goal of driving business value by enhancing the employee experience and employee retention rate. HR analytics deals only with the data managed by the HR department. For example, training & development expenses, hiring time, appraisal time of an employee, etc. More and more enterprises are investing in HR analytics to gain meaningful insights necessary for managing their human capital and to enhance ROI. HR analytics software and services focus on the impact of various HR initiatives on employees. These tools, by using predictive analytics, identify trends and risks associated with the workforce.
According to the HR analytics industry analysis, North America accounts for the largest share of the global HR analytics market in 2019. Drivers supporting the growth of the HR analytics market in North America include the presence of major vendors such as IBM, Oracle, and MicroStrategy. Technological advancement is also one of the factors for the HR analytics market growth in this region. Asia Pacific is expected to witness the fastest growth rate during the forecast period due to the increase in the number of HR professionals adopting HR analytics solutions for finding the right talent with the right skillset. In the APAC region, the enterprise’s HR departments are also implementing HR analytics for making more data-driven decisions.
HR Analytics Market Research Competitive Analysis and Key Vendors
The report covers and analyzes the global HR analytics market. Major vendors across different verticals are planning for high investments in this market, and as a result, the HR analytics market is expected to grow at an impressive rate in the coming years. The key players in the market are adopting various organic as well as inorganic growth strategies, such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies, to be in the strong position in the market.
Few of the Key Vendors in the HR Analytics Market Research:
There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.
HR Analytics Market Research By Component
HR Analytics Market Research By Application
HR Analytics Market Research By Organization Size
HR Analytics Market Research Benefits
The report provides an in-depth analysis of the HR analytics market. For driving enhanced employee experience and culture, HR professionals are moving toward using analytics, which helps them in understanding several workforce-related parameters. Analytics is helping the HR teams in better managing their human capital in terms of selection, recruitment, employee behavior, attendance, leaves, and others. The report discusses the global HR analytics market in terms of software, services, application, organization size, and regions. Further, the report provides details about the major challenges impacting the market growth.
This market research report includes a detailed segmentation of the global HR analytics market by component (software and services), by application (core HR, workforce management, and talent management), by organization size (MSMEs and large enterprises), and by region (North America, Europe, APAC, and RoW). The market research report identifies SAP, Oracle, MicroStrategy, IBM, Tableau, Zoho, Crunchr, Talentsoft, Sisense, and Sage Software as the major vendors operating in the global HR analytics market.
Overview of the HR Analytics Market
Infoholic’s market research report predicts that the global HR analytics market will grow at a CAGR of around 12% during the forecast period 2019–2025. The demand for HR analytics solutions is increasing due to multiple factors, including gaining insights about the enterprise workforce and understanding how an organization culture is impacting the workforce productivity and employee performance. Measuring & reducing the employee turnover rate is also one of the factors boosting the adoption of HR analytics solutions. Protecting the privacy of an employee and ensuring the information is not misused are among the major restraints hindering the HR analytics market growth.
HR analytics, workforce analytics, and people analytics are the terms often used interchangeably, but they differ from each other. People analytics applies to all the people in an organization, including customers as well as employees; however, workforce analytics and HR analytics share the same goal of driving business value by enhancing the employee experience and employee retention rate. HR analytics deals only with the data managed by the HR department. For example, training & development expenses, hiring time, appraisal time of an employee, etc. More and more enterprises are investing in HR analytics to gain meaningful insights necessary for managing their human capital and to enhance ROI. HR analytics software and services focus on the impact of various HR initiatives on employees. These tools, by using predictive analytics, identify trends and risks associated with the workforce.
According to the HR analytics industry analysis, North America accounts for the largest share of the global HR analytics market in 2019. Drivers supporting the growth of the HR analytics market in North America include the presence of major vendors such as IBM, Oracle, and MicroStrategy. Technological advancement is also one of the factors for the HR analytics market growth in this region. Asia Pacific is expected to witness the fastest growth rate during the forecast period due to the increase in the number of HR professionals adopting HR analytics solutions for finding the right talent with the right skillset. In the APAC region, the enterprise’s HR departments are also implementing HR analytics for making more data-driven decisions.
HR Analytics Market Research Competitive Analysis and Key Vendors
The report covers and analyzes the global HR analytics market. Major vendors across different verticals are planning for high investments in this market, and as a result, the HR analytics market is expected to grow at an impressive rate in the coming years. The key players in the market are adopting various organic as well as inorganic growth strategies, such as mergers & acquisitions, collaborations & partnerships, joint ventures, and few other strategies, to be in the strong position in the market.
Few of the Key Vendors in the HR Analytics Market Research:
- SAP
- Oracle
- MicroStrategy
- IBM
- Tableau
- Zoho
- Crunchr
- Talentsoft
- Sisense
- Sage Software
There are numerous other vendors that have been studied based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D for analysis of the entire ecosystem.
HR Analytics Market Research By Component
- Software
- Services
- Integration & Implementation
- Support & Maintainance
- Consulting
HR Analytics Market Research By Application
- Core HR
- Workforce Management
- Talent Management
HR Analytics Market Research By Organization Size
- MSMEs
- Large Enterprises
HR Analytics Market Research Benefits
The report provides an in-depth analysis of the HR analytics market. For driving enhanced employee experience and culture, HR professionals are moving toward using analytics, which helps them in understanding several workforce-related parameters. Analytics is helping the HR teams in better managing their human capital in terms of selection, recruitment, employee behavior, attendance, leaves, and others. The report discusses the global HR analytics market in terms of software, services, application, organization size, and regions. Further, the report provides details about the major challenges impacting the market growth.
1 EXECUTIVE SUMMARY
1.1 Synopsis of Key Findings
2 INDUSTRY OUTLOOK
2.1 Overview
2.2 Key Industry Trends
3 MARKET SNAPSHOT
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
3.3 Related Markets
4 MARKET CHARACTERISTICS
4.1 Market Ecosystem
4.2 Market Segmentation
4.3 Market Dynamics
4.3.1 Market Drivers
4.3.2 Market Restraints
4.3.3 Market Opportunities
4.3.4 DRO – Impact Analysis
5 HR ANALYTICS MARKET, BY COMPONENT
5.1 Overview
5.2 Software
5.3 Services
5.3.1 Integration & Implementation
5.3.2 Support & Maintainance
5.3.3 Consulting
6 HR ANALYTICS MARKET, BY APPLICATION
6.1 Overview
6.2 Core HR
6.3 Workforce Management
6.4 Talent Management
7 HR ANALYTICS MARKET, BY ORGANIZATION SIZE
7.1 Overview
7.2 MSMEs
7.3 Large Enterprises
8 HR ANALYTICS MARKET, BY REGION
8.1 Overview
8.2 North America
8.2.1 US
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 India
8.4.3 Rest of APAC
8.5 RoW
8.5.1 MEA
8.5.2 Latin America
9 COMPETITIVE LANDSCAPE
9.1 Competitor Analysis
9.2 Product/Offerings Portfolio Analysis
9.3 Market Developments
9.3.1 Mergers & Acquisitions (M&A), Expansions, Partnerships
9.3.2 Business Restructuring
9.3.3 Product Launches & Exhibitions
10 VENDORS PROFILE
10.1 SAP
10.1.1 Analyst Opinion
10.1.2 Business Analysis
10.2 MicroStrategy
10.2.1 Analyst Opinion
10.2.2 Business Analysis
10.3 Oracle
10.3.1 Analyst Opinion
10.3.2 Business Analysis
10.4 IBM
10.4.1 Analyst Opinion
10.4.2 Business Analysis
10.5 Tableau
10.5.1 Analyst Opinion
10.5.2 Business Analysis
10.6 Zoho
10.6.1 Analyst Opinion
10.6.2 Business Analysis
10.7 Crunchr
10.7.1 Analyst Opinion
Global HR Analytics Market - Drivers, Restraints, Opportunities, Trends, and
Forecast up to 2025
3 © INFOHOLIC RESEARCH
10.7.2 Business Analysis
10.8 Talentsoft
10.8.1 Analyst Opinion
10.8.2 Business Analysis
10.9 Sisense
10.9.1 Analyst Opinion
10.9.2 Business Analysis
10.10 Sage Software
10.10.1 Analyst Opinion
10.10.2 Business Analysis
10.11 OutMatch
10.12 Kronos
10.13 Access SelectHR
10.14 Activ8 Intelligence
10.15 Cornerstone
11 ANNEXURE
11.1 Report Scope
11.2 Market Definition
11.3 Research Methodology
11.3.1 Data Collation & In-house Estimation
11.3.2 Market Triangulation
11.3.3 Forecasting
11.4 Study Declarations
11.5 Report Assumptions
11.6 Stakeholders
11.7 Abbreviations
1.1 Synopsis of Key Findings
2 INDUSTRY OUTLOOK
2.1 Overview
2.2 Key Industry Trends
3 MARKET SNAPSHOT
3.1 Total Addressable Market
3.2 Segmented Addressable Market
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
3.3 Related Markets
4 MARKET CHARACTERISTICS
4.1 Market Ecosystem
4.2 Market Segmentation
4.3 Market Dynamics
4.3.1 Market Drivers
4.3.2 Market Restraints
4.3.3 Market Opportunities
4.3.4 DRO – Impact Analysis
5 HR ANALYTICS MARKET, BY COMPONENT
5.1 Overview
5.2 Software
5.3 Services
5.3.1 Integration & Implementation
5.3.2 Support & Maintainance
5.3.3 Consulting
6 HR ANALYTICS MARKET, BY APPLICATION
6.1 Overview
6.2 Core HR
6.3 Workforce Management
6.4 Talent Management
7 HR ANALYTICS MARKET, BY ORGANIZATION SIZE
7.1 Overview
7.2 MSMEs
7.3 Large Enterprises
8 HR ANALYTICS MARKET, BY REGION
8.1 Overview
8.2 North America
8.2.1 US
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 India
8.4.3 Rest of APAC
8.5 RoW
8.5.1 MEA
8.5.2 Latin America
9 COMPETITIVE LANDSCAPE
9.1 Competitor Analysis
9.2 Product/Offerings Portfolio Analysis
9.3 Market Developments
9.3.1 Mergers & Acquisitions (M&A), Expansions, Partnerships
9.3.2 Business Restructuring
9.3.3 Product Launches & Exhibitions
10 VENDORS PROFILE
10.1 SAP
10.1.1 Analyst Opinion
10.1.2 Business Analysis
10.2 MicroStrategy
10.2.1 Analyst Opinion
10.2.2 Business Analysis
10.3 Oracle
10.3.1 Analyst Opinion
10.3.2 Business Analysis
10.4 IBM
10.4.1 Analyst Opinion
10.4.2 Business Analysis
10.5 Tableau
10.5.1 Analyst Opinion
10.5.2 Business Analysis
10.6 Zoho
10.6.1 Analyst Opinion
10.6.2 Business Analysis
10.7 Crunchr
10.7.1 Analyst Opinion
Global HR Analytics Market - Drivers, Restraints, Opportunities, Trends, and
Forecast up to 2025
3 © INFOHOLIC RESEARCH
10.7.2 Business Analysis
10.8 Talentsoft
10.8.1 Analyst Opinion
10.8.2 Business Analysis
10.9 Sisense
10.9.1 Analyst Opinion
10.9.2 Business Analysis
10.10 Sage Software
10.10.1 Analyst Opinion
10.10.2 Business Analysis
10.11 OutMatch
10.12 Kronos
10.13 Access SelectHR
10.14 Activ8 Intelligence
10.15 Cornerstone
11 ANNEXURE
11.1 Report Scope
11.2 Market Definition
11.3 Research Methodology
11.3.1 Data Collation & In-house Estimation
11.3.2 Market Triangulation
11.3.3 Forecasting
11.4 Study Declarations
11.5 Report Assumptions
11.6 Stakeholders
11.7 Abbreviations
TABLES
TABLE 1 GLOBAL HR ANALYTICS MARKET REVENUE, BY COMPONENT, 2018–2025 ($BILLION)
TABLE 2 GLOBAL HR ANALYTICS MARKET REVENUE, BY SERVICE, 2018–2025 ($BILLION)
TABLE 3 GLOBAL HR ANALYTICS MARKET REVENUE, BY APPLICATION, 2018–2025 ($BILLION)
TABLE 4 GLOBAL HR ANALYTICS MARKET REVENUE, BY ORGANIZATION SIZE, 2018–2025 ($BILLION)
TABLE 5 GLOBAL HR ANALYTICS MARKET REVENUE, BY REGION, 2018–2025 ($BILLION)
TABLE 6 MAJOR COMPANIES AND THEIR OPERATIONS
TABLE 7 PRODUCT/OFFERINGS: GLOBAL HR ANALYTICS MARKET
TABLE 8 MERGERS & ACQUISITIONS, 2018–2019
TABLE 9 EXPANSIONS, 2018–2019
TABLE 10 BUSINESS RESTRUCTURING, 2018–2019
TABLE 11 IBM: OVERVIEW
TABLE 12 IBM: STRATEGIC SNAPSHOT
TABLE 13 IBM: PRODUCT/SERVICE PORTFOLIO
TABLE 14 RESEARCH METHODOLOGY OF GLOBAL HR ANALYTICS MARKET: DATA COLLATION
TABLE 15 RESEARCH METHODOLOGY OF GLOBAL HR ANALYTICS MARKET: TRIANGULATION
TABLE 16 RESEARCH METHODOLOGY OF GLOBAL HR ANALYTICS MARKET: FORECASTING
CHARTS
CHART 1 GLOBAL HR ANALYTICS MARKET REVENUE, 2018–2025 ($BILLION)
CHART 2 GLOBAL HR ANALYTICS MARKET SEGMENTATION
CHART 3 PEST ANALYSIS: GLOBAL HR ANALYTICS MARKET
CHART 4 PORTER’S 5 FORCE ANALYSIS: GLOBAL HR ANALYTICS MARKET
CHART 5 HR ANALYTICS MARKET ECOSYSTEM
CHART 6 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
CHART 7 DRO – IMPACT ANALYSIS: GLOBAL HR ANALYTICS MARKET
CHART 8 GLOBAL HR ANALYTICS MARKET REVENUE, BY COMPONENT, 2018-2025 ($BILLION)
CHART 9 GLOBAL HR ANALYTICS MARKET REVENUE, BY SERVICE, 2018-2025 ($BILLION)
CHART 10 GLOBAL HR ANALYTICS MARKET REVENUE, BY APPLICATION, 2018-2025 ($BILLION)
CHART 11 GLOBAL HR ANALYTICS MARKET REVENUE, BY ORGANIZATION SIZE, 2018-2025 ($BILLION)
CHART 12 GLOBAL HR ANALYTICS MARKET REVENUE, BY REGION, 2018-2025 ($BILLION)
CHART 13 HR ANALYTICS MARKET VALUE IN NORTH AMERICA, 2018–2025 ($BILLION)
CHART 14 HR ANALYTICS MARKET VALUE IN APAC, 2018–2025 ($BILLION)
CHART 15 HR ANALYTICS MARKET VALUE IN EUROPE, 2018–2025 ($BILLION)
CHART 16 HR ANALYTICS MARKET VALUE IN ROW, 2018–2025 ($BILLION)
CHART 17 MAJOR STAKEHOLDERS IN THE MARKET
TABLE 1 GLOBAL HR ANALYTICS MARKET REVENUE, BY COMPONENT, 2018–2025 ($BILLION)
TABLE 2 GLOBAL HR ANALYTICS MARKET REVENUE, BY SERVICE, 2018–2025 ($BILLION)
TABLE 3 GLOBAL HR ANALYTICS MARKET REVENUE, BY APPLICATION, 2018–2025 ($BILLION)
TABLE 4 GLOBAL HR ANALYTICS MARKET REVENUE, BY ORGANIZATION SIZE, 2018–2025 ($BILLION)
TABLE 5 GLOBAL HR ANALYTICS MARKET REVENUE, BY REGION, 2018–2025 ($BILLION)
TABLE 6 MAJOR COMPANIES AND THEIR OPERATIONS
TABLE 7 PRODUCT/OFFERINGS: GLOBAL HR ANALYTICS MARKET
TABLE 8 MERGERS & ACQUISITIONS, 2018–2019
TABLE 9 EXPANSIONS, 2018–2019
TABLE 10 BUSINESS RESTRUCTURING, 2018–2019
TABLE 11 IBM: OVERVIEW
TABLE 12 IBM: STRATEGIC SNAPSHOT
TABLE 13 IBM: PRODUCT/SERVICE PORTFOLIO
TABLE 14 RESEARCH METHODOLOGY OF GLOBAL HR ANALYTICS MARKET: DATA COLLATION
TABLE 15 RESEARCH METHODOLOGY OF GLOBAL HR ANALYTICS MARKET: TRIANGULATION
TABLE 16 RESEARCH METHODOLOGY OF GLOBAL HR ANALYTICS MARKET: FORECASTING
CHARTS
CHART 1 GLOBAL HR ANALYTICS MARKET REVENUE, 2018–2025 ($BILLION)
CHART 2 GLOBAL HR ANALYTICS MARKET SEGMENTATION
CHART 3 PEST ANALYSIS: GLOBAL HR ANALYTICS MARKET
CHART 4 PORTER’S 5 FORCE ANALYSIS: GLOBAL HR ANALYTICS MARKET
CHART 5 HR ANALYTICS MARKET ECOSYSTEM
CHART 6 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
CHART 7 DRO – IMPACT ANALYSIS: GLOBAL HR ANALYTICS MARKET
CHART 8 GLOBAL HR ANALYTICS MARKET REVENUE, BY COMPONENT, 2018-2025 ($BILLION)
CHART 9 GLOBAL HR ANALYTICS MARKET REVENUE, BY SERVICE, 2018-2025 ($BILLION)
CHART 10 GLOBAL HR ANALYTICS MARKET REVENUE, BY APPLICATION, 2018-2025 ($BILLION)
CHART 11 GLOBAL HR ANALYTICS MARKET REVENUE, BY ORGANIZATION SIZE, 2018-2025 ($BILLION)
CHART 12 GLOBAL HR ANALYTICS MARKET REVENUE, BY REGION, 2018-2025 ($BILLION)
CHART 13 HR ANALYTICS MARKET VALUE IN NORTH AMERICA, 2018–2025 ($BILLION)
CHART 14 HR ANALYTICS MARKET VALUE IN APAC, 2018–2025 ($BILLION)
CHART 15 HR ANALYTICS MARKET VALUE IN EUROPE, 2018–2025 ($BILLION)
CHART 16 HR ANALYTICS MARKET VALUE IN ROW, 2018–2025 ($BILLION)
CHART 17 MAJOR STAKEHOLDERS IN THE MARKET