Workforce Analytics Market Share, Industry Growth, Trends, Growth & Key Players Study till 2025: Kronos, Infor, Verint, NICE Systems, Aspect, Workforce Software.
Global Workforce Analytics market size was 740 million US$ and it is expected to reach 2430 million US$ by the end of 2025, with a CAGR of 16.0% during 2019-2025.
Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM).
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The workforce analytics solutions are expected to dominate the market from 2016 to 2022 with the largest market share, due to growing workforce challenges faced by the organizations worldwide. Among the services, due to the changing work dynamics and variations in global governmental labor regulations, the demand for consulting services is expected to gain traction in the next five years.
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market share in the workforce analytics market in 2016. The healthcare sector is expected to grow at the highest CAGR from 2016 to 2022, in the workforce analytics market. The BSFI industry will be investing greater resources in the market to focus on providing better services to customers through their limited global and local workforce. Authorities are encouraging investments in the healthcare industry in a bid to modernize and digitize the industry infrastructure and workforce.
North America is expected to have the largest market share and dominate the workforce analytics market from 2016 to 2022, due to the presence of a large number of analytics vendors. Asia-Pacific (APAC) offers potential growth opportunities.
The key players covered in this study
· NICE Systems
· Workforce Software
· Monet Software
· InVision AG
Market segment by Type, the product can be split into
· Saas Cloud-Based
Market segment by Application, split into
· <100 employees
· 100-499 employees
· 500-999 employees
· 1,000-4,999 employees
· >5000 employees