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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
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.
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.
Table of Content
Global HR Analytics Market Research Report, 2020-2031.
Chapter 1. Introduction
1.1. Report description
1.2. Key market segments
1.3. Regional Scope
1.4. Executive Summary
Chapter 2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Secondary Analyst Tools and Models
Chapter 3. Market Dynamics
3.1. Market driver analysis
3.2. Market restraint analysis
3.3. Market Opportunity
3.4. Market Challenges
3.5. Impact analysis of COVID-19 on the HR Analytics Market
Chapter 4. Market Variables and Outlook
4.1. SWOT Analysis
4.1.1. Strengths
4.1.2. Weaknesses
4.1.3. Opportunities
4.1.4. Threats
4.2. Supply Chain Analysis
4.3. PESTEL Analysis
4.3.1. Political Landscape
4.3.2. Economic Landscape
4.3.3. Social Landscape
4.3.4. Technological Landscape
4.3.5. Environmental Landscape
4.3.6. Legal Landscape
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of Substitute
4.4.4. Threat of New Entrant
4.4.5. Competitive Rivalry
Chapter 5. HR Analytics Market: Size Estimates & Trend Analysis
5.1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
5.2. Incremental Growth Analysis and Infographic Presentation
5.3. Small-Sized Enterprises
5.3.1. Market Size & Forecast, (USD Billion) 2020-2031
5.4. Medium-Sized Enterprises
5.4.1. Market Size & Forecast, (USD Billion) 2020-2031
5.5. Large-Sized Enterprises
5.5.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 6. HR Analytics Market: Solution Type Estimates & Trend Analysis
6.1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
6.2. Incremental Growth Analysis and Infographic Presentation
6.3. Workforce Planning
6.3.1. Market Size & Forecast, (USD Billion) 2020-2031
6.4. Talent Management
6.4.1. Market Size & Forecast, (USD Billion) 2020-2031
6.5. Employee Engagement
6.5.1. Market Size & Forecast, (USD Billion) 2020-2031
6.6. Workforce Optimization
6.6.1. Market Size & Forecast, (USD Billion) 2020-2031
6.7. Others
6.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 7. HR Analytics Market: End-User Size Estimates & Trend Analysis
7.1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
7.2. Incremental Growth Analysis and Infographic Presentation
7.3. Healthcare
7.3.1. Market Size & Forecast, (USD Billion) 2020-2031
7.4. IT
7.4.1. Market Size & Forecast, (USD Billion) 2020-2031
7.5. Manufacturing
7.5.1. Market Size & Forecast, (USD Billion) 2020-2031
7.6. Finance
7.6.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 8. HR Analytics Market: Technology Estimates & Trend Analysis
8.1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
8.2. Incremental Growth Analysis and Infographic Presentation
8.3. Artificial Intelligence
8.3.1. Market Size & Forecast, (USD Billion) 2020-2031
8.4. Machine Learning
8.4.1. Market Size & Forecast, (USD Billion) 2020-2031
8.5. Natural Language Processing
8.5.1. Market Size & Forecast, (USD Billion) 2020-2031
8.6. Data Visualization
8.6.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 9. HR Analytics Market: Regional Estimates & Trend Analysis
9.1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
9.2. Incremental Growth Analysis and Infographic Presentation
9.3. North America
9.3.1. Market Size & Forecast, (USD Billion) 2020-2031
9.4. Europe
9.4.1. Market Size & Forecast, (USD Billion) 2020-2031
9.5. Asia Pacific
9.5.1. Market Size & Forecast, (USD Billion) 2020-2031
9.6. Middle East & Africa
9.6.1. Market Size & Forecast, (USD Billion) 2020-2031
9.7. Latin America
9.7.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 10. HR Analytics Market: Country Estimates & Trend Analysis
10.1. HR Analytics Market value share and forecast, (USD Billion) (2020 to 2031)
10.2. Incremental Growth Analysis and Infographic Presentation
10.3. U.S.
10.3.1. Market Size & Forecast, (USD Billion) 2020-2031
10.4. Canada
10.4.1. Market Size & Forecast, (USD Billion) 2020-2031
10.5. Mexico
10.5.1. Market Size & Forecast, (USD Billion) 2020-2031
10.6. UK
10.6.1. Market Size & Forecast, (USD Billion) 2020-2031
10.7. France
10.7.1. Market Size & Forecast, (USD Billion) 2020-2031
10.8. Germany
10.8.1. Market Size & Forecast, (USD Billion) 2020-2031
10.9. Russia
10.9.1. Market Size & Forecast, (USD Billion) 2020-2031
10.10. Italy
10.10.1. Market Size & Forecast, (USD Billion) 2020-2031
10.11. Spain
10.11.1. Market Size & Forecast, (USD Billion) 2020-2031
10.12. China
10.12.1. Market Size & Forecast, (USD Billion) 2020-2031
10.13. India
10.13.1. Market Size & Forecast, (USD Billion) 2020-2031
10.14. Japan
10.14.1. Market Size & Forecast, (USD Billion) 2020-2031
10.15. Indonesia
10.15.1. Market Size & Forecast, (USD Billion) 2020-2031
10.16. South Korea
10.16.1. Market Size & Forecast, (USD Billion) 2020-2031
10.17. Australia
10.17.1. Market Size & Forecast, (USD Billion) 2020-2031
10.18. Brazil
10.18.1. Market Size & Forecast, (USD Billion) 2020-2031
10.19. Argentina
10.19.1. Market Size & Forecast, (USD Billion) 2020-2031
10.20. Saudi Arabia
10.20.1. Market Size & Forecast, (USD Billion) 2020-2031
10.21. UAE
10.21.1. Market Size & Forecast, (USD Billion) 2020-2031
10.22. South Africa
10.22.1. Market Size & Forecast, (USD Billion) 2020-2031
Chapter 11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Vendor Landscape
11.3. Competition Dashboard
Chapter 12. Company Profiles
12.1. Business Overview, Product Landscape, Financial Performanceand Company
Strategies for below companies
12.2. IBM
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Benchmarking
12.2.4. Geographic Footprint
12.2.5. Strategic Initiatives
12.3. SAP
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Benchmarking
12.3.4. Geographic Footprint
12.3.5. Strategic Initiatives
12.4. Oracle
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Benchmarking
12.4.4. Geographic Footprint
12.4.5. Strategic Initiatives
12.5. ADP
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Benchmarking
12.5.4. Geographic Footprint
12.5.5. Strategic Initiatives
12.6. Workday
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Benchmarking
12.6.4. Geographic Footprint
12.6.5. Strategic Initiatives
12.7. Tableau Software
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Benchmarking
12.7.4. Geographic Footprint
12.7.5. Strategic Initiatives
12.8. SAS
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Benchmarking
12.8.4. Geographic Footprint
12.8.5. Strategic Initiatives
12.9. Visier
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Benchmarking
12.9.4. Geographic Footprint
12.9.5. Strategic Initiatives
12.10. Cornerstone OnDemand
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Benchmarking
12.10.4. Geographic Footprint
12.10.5. Strategic Initiatives
12.11. Kronos
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Benchmarking
12.11.4. Geographic Footprint
12.11.5. Strategic Initiatives
12.12. Ultimate Software
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Benchmarking
12.12.4. Geographic Footprint
12.12.5. Strategic Initiatives
12.13. SumTotal Systems
12.13.1. Company Overview
12.13.2. Financial Performance
12.13.3. Product Benchmarking
12.13.4. Geographic Footprint
12.13.5. Strategic Initiatives
12.14. Talentsoft
12.14.1. Company Overview
12.14.2. Financial Performance
12.14.3. Product Benchmarking
12.14.4. Geographic Footprint
12.14.5. Strategic Initiatives
12.15. Domo
12.15.1. Company Overview
12.15.2. Financial Performance
12.15.3. Product Benchmarking
12.15.4. Geographic Footprint
12.15.5. Strategic Initiatives
12.16. Sisense
12.16.1. Company Overview
12.16.2. Financial Performance
12.16.3. Product Benchmarking
12.16.4. Geographic Footprint
12.16.5. Strategic Initiatives
Chapter 13. Conclusion
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