Global HR Analytics Market Size, Share & Trend Analysis- By Size, By Solution Type, By End-User, By Technology, Regional Outlook, Competitive Tactics, and Segment Forecast to 2031

The Global HR Analytics Market size was estimated at USD 2.11 billion in 2021 and is expected to hit around USD 11.23 billion by 2031, poised to grow at a compound annual growth rate (CAGR) of 15.52% from 2022 to 2031.

Global HR Analytics Market: Breakup by Region, (USD Billion) 2022 & 2031

Diagram Description automatically generated with low confidence

Source: Primary Research and Secondary Research Analysis

The Global HR Analytics Market refers to the thriving industry that encompasses the collection, analysis, and utilization of data within human resources functions of organizations. It involves the use of data analytics tools and techniques to gather insights and make informed decisions related to workforce management. HR analytics enables companies to better understand their employees, improve talent acquisition and retention, enhance performance management, and optimize overall HR operations.

In recent years, the Global HR Analytics Market has experienced significant growth due to the increasing recognition of the value of data-driven HR decisions. Organizations are investing in advanced analytics tools and software platforms to track various HR metrics, such as employee engagement, turnover rates, productivity, and diversity and inclusion, among others. These insights help businesses make strategic decisions, align their HR strategies with their overall objectives, and drive competitive advantage in the global market.

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The Global HR Analytics Market is undergoing several notable trends that are shaping the landscape of human resource management. One of the significant trends is the increasing adoption of AI and machine learning in HR analytics. As businesses strive to gain deeper insights into their workforce, AI-driven algorithms are being employed to analyze large datasets, identify patterns, and predict future trends in employee performance, retention, and engagement. This trend is streamlining decision-making processes and enabling HR departments to proactively address issues and opportunities.

Another prominent trend is the emphasis on diversity, equity, and inclusion (DEI) analytics. Many organizations are recognizing the importance of creating diverse and inclusive work environments, and HR analytics is playing a crucial role in measuring and enhancing DEI efforts. Companies are utilizing data to track the representation of different demographics, identify bias in hiring and promotion processes, and monitor the impact of DEI initiatives, ultimately fostering more inclusive workplaces.

Furthermore, the integration of HR analytics with other business functions is gaining traction. HR data is increasingly being used in conjunction with financial, operational, and customer data to provide a holistic view of the organization. This integration enables companies to align HR strategies with overall business goals and enhance decision-making at all levels.

Recent Developments:

In the ever-evolving landscape of the Global HR Analytics Market, several recent developments are reshaping the way organizations manage their human resources. One noteworthy trend is the growing adoption of real-time analytics. Organizations are increasingly relying on technology to provide up-to-the-minute insights into their workforce. Real-time data allows HR professionals to address issues as they emerge and make immediate adjustments, resulting in more agile and responsive HR management.

Another significant development is the use of employee experience analytics. This approach goes beyond traditional HR metrics and focuses on the overall well-being and satisfaction of employees. With the rise of remote and hybrid work arrangements, understanding and enhancing the employee experience has become a top priority. HR analytics tools now incorporate sentiment analysis, feedback surveys, and sentiment analysis to gauge employee sentiment and make data-driven improvements to the workplace.

 

Market Segmentation:

Market Breakup: By Size

  • Small-Sized Enterprises
  • Medium-Sized Enterprises
  • Large-Sized Enterprises

Market Breakup: By Solution Type

  • Workforce Planning
  • Talent Management
  • Employee Engagement
  • Workforce Optimization
  • Others

Market Breakup: By End-User

  • Healthcare
  • IT
  • Manufacturing
  • Finance

Market Breakup: By Technology

Regional Analysis

The size and scope of the global HR Analytics Market vary by region and are important and expanding. Below is a quick summary of the market's regional analysis:

North America: North America is a leading adopter of HR analytics, driven by a strong emphasis on data-driven decision-making. The region's mature HR technology landscape and favourable regulatory environment have paved the way for the widespread use of analytics in HR. Companies in North America are increasingly leveraging HR analytics to optimize talent acquisition, improve employee engagement, and enhance workforce productivity.

Europe: Europe exhibits a growing interest in HR analytics, with organizations in countries like the UK, Germany, and France adopting data-driven HR strategies. The European Union's data protection regulations, such as GDPR, have also prompted companies to focus on data privacy in HR analytics. European organizations are using HR analytics to address challenges related to skill gaps, employee turnover, and diversity and inclusion.

Asia-Pacific: Asia-Pacific is witnessing a surge in HR analytics adoption, driven by the region's economic growth and a burgeoning workforce. Countries like India, China, and Singapore are investing in HR analytics to address talent shortages, enhance recruitment processes, and improve workforce efficiency. Cultural diversity and different labour laws within the region contribute to the demand for localized HR analytics solutions.

South America: South America is experiencing a gradual increase in HR analytics adoption, particularly in countries like Brazil and Argentina. Companies in South America are recognizing the potential of HR analytics in addressing high turnover rates and workforce planning. Economic conditions and regulatory variations across countries within the region influence the pace of adoption.

Middle East & Africa: Middle East & Africa is also seeing the adoption of HR analytics, driven by the need to improve workforce efficiency and manage a diverse workforce. Countries in the Middle East, such as the UAE and Saudi Arabia, are leading the way in adopting HR analytics for talent management and workforce planning. However, adoption rates in Africa are more diverse and can vary significantly from one country to another.

Market Breakup By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The HR Analytics Market competitive landscape provides details by competitor. Details included are company outline, company financials, revenue generated, market potential, investment in research and development, new market initiatives, worldwide occurrence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The overhead data points providing are only related to the businesses’ focus related to HR Analytics marketplace.

Major players operating in the Global HR Analytics Market are:

  • IBM
  • SAP
  • Oracle
  • ADP
  • Workday
  • Tableau Software
  • SAS
  • Visier
  • Cornerstone OnDemand
  • Kronos
  • Ultimate Software
  • SumTotal Systems
  • Talentsoft
  • Domo
  • Sisense

Global HR Analytics Market Research Report, 2020-2031.

 

  1. 1. Introduction
    1. Report description
    2. Key market segments
    3. Regional Scope
    4. Executive Summary
  2. 2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Secondary Analyst Tools and Models
  3. 3. Market Dynamics
    1. Market driver analysis
    2. Market restraint analysis
    3. Market Opportunity   
    4. Market Challenges
    5. Impact analysis of COVID-19 on the HR Analytics Market
  4. 4. Market Variables and Outlook
    1. SWOT Analysis
      1. Strengths
      2. Weaknesses
      3. Opportunities
      4. Threats
    2. Supply Chain Analysis
    3. PESTEL Analysis
      1. Political Landscape
      2. Economic Landscape
      3. Social Landscape
      4. Technological Landscape
      5. Environmental Landscape
      6. Legal Landscape
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitute
      4. Threat of New Entrant
      5. Competitive Rivalry
  5. 5. HR Analytics Market: Size Estimates & Trend Analysis
    1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Small-Sized Enterprises
      1. Market Size & Forecast, (USD Billion) 2020-2031
    4. Medium-Sized Enterprises
      1. Market Size & Forecast, (USD Billion) 2020-2031
    5. Large-Sized Enterprises
      1. Market Size & Forecast, (USD Billion) 2020-2031

 

  1. 6. HR Analytics Market: Solution Type Estimates & Trend Analysis
    1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Workforce Planning
      1. Market Size & Forecast, (USD Billion) 2020-2031
    4. Talent Management
      1. Market Size & Forecast, (USD Billion) 2020-2031
    5. Employee Engagement
      1. Market Size & Forecast, (USD Billion) 2020-2031
    6. Workforce Optimization
      1. Market Size & Forecast, (USD Billion) 2020-2031
    7. Others
      1. Market Size & Forecast, (USD Billion) 2020-2031

 

  1. 7. HR Analytics Market: End-User Size Estimates & Trend Analysis
    1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Healthcare
      1. Market Size & Forecast, (USD Billion) 2020-2031
    4. IT
      1. Market Size & Forecast, (USD Billion) 2020-2031
    5. Manufacturing
      1. Market Size & Forecast, (USD Billion) 2020-2031
    6. Finance
      1. Market Size & Forecast, (USD Billion) 2020-2031

 

  1. 8. HR Analytics Market: Technology Estimates & Trend Analysis
    1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. Artificial Intelligence
      1. Market Size & Forecast, (USD Billion) 2020-2031
    4. Machine Learning
      1. Market Size & Forecast, (USD Billion) 2020-2031
    5. Natural Language Processing
      1. Market Size & Forecast, (USD Billion) 2020-2031
    6. Data Visualization
      1. Market Size & Forecast, (USD Billion) 2020-2031
  2. 9. HR Analytics Market: Regional Estimates & Trend Analysis
    1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. North America
      1. Market Size & Forecast, (USD Billion) 2020-2031
    4. Europe
      1. Market Size & Forecast, (USD Billion) 2020-2031
    5. Asia Pacific
      1. Market Size & Forecast, (USD Billion) 2020-2031
    6. Middle East & Africa
      1. Market Size & Forecast, (USD Billion) 2020-2031
    7. Latin America
      1. Market Size & Forecast, (USD Billion) 2020-2031
  3. 10. HR Analytics Market: Country Estimates & Trend Analysis
    1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
    2. Incremental Growth Analysis and Infographic Presentation
    3. U.S.
      1. Market Size & Forecast, (USD Billion) 2020-2031
    4. Canada
      1. Market Size & Forecast, (USD Billion) 2020-2031
    5. Mexico
      1. Market Size & Forecast, (USD Billion) 2020-2031
    6. UK
      1. Market Size & Forecast, (USD Billion) 2020-2031
    7. France
      1. Market Size & Forecast, (USD Billion) 2020-2031
    8. Germany
      1. Market Size & Forecast, (USD Billion) 2020-2031
    9. Russia
      1. Market Size & Forecast, (USD Billion) 2020-2031
    10. Italy
      1. Market Size & Forecast, (USD Billion) 2020-2031
    11. Spain
      1. Market Size & Forecast, (USD Billion) 2020-2031
    12. China
      1. Market Size & Forecast, (USD Billion) 2020-2031
    13. India
      1. Market Size & Forecast, (USD Billion) 2020-2031
    14. Japan
      1. Market Size & Forecast, (USD Billion) 2020-2031
    15. Indonesia
      1. Market Size & Forecast, (USD Billion) 2020-2031
    16. South Korea
      1. Market Size & Forecast, (USD Billion) 2020-2031
    17. Australia
      1. Market Size & Forecast, (USD Billion) 2020-2031
    18. Brazil
      1. Market Size & Forecast, (USD Billion) 2020-2031
    19. Argentina
      1. Market Size & Forecast, (USD Billion) 2020-2031
    20. Saudi Arabia
      1. Market Size & Forecast, (USD Billion) 2020-2031
    21. UAE
      1. Market Size & Forecast, (USD Billion) 2020-2031
    22. South Africa
      1. Market Size & Forecast, (USD Billion) 2020-2031
  4. 11. Competitive Landscape
    1. Company Market Share Analysis
    2. Vendor Landscape
    3. Competition Dashboard
  5. 12. Company Profiles
    1. Business Overview, Product Landscape, Financial Performanceand Company Strategies for below companies
    2.     IBM
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    3. SAP
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    4. Oracle
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    5. ADP
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    6. Workday
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    7. Tableau Software
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    8. SAS
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    9. Visier
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    10. Cornerstone OnDemand
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    11. Kronos
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    12. Ultimate Software
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    13. SumTotal Systems
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    14. Talentsoft
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    15. Domo
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
    16. Sisense
      1. Company Overview
      2. Financial Performance
      3. Product Benchmarking
      4. Geographic Footprint
      5. Strategic Initiatives
  6. 13. Conclusion

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