Workforce Analytics Market - To Grow from USD 422.5 Million in 2015 to USD 860.4 Million by 2020

Jan 05, 2016, 05:10 ET from Research and Markets

DUBLIN, Jan. 5, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/bppf6v/workforce) has announced the addition of the "Workforce Analytics Market - Global Forecast and Analysis to 2020" report to their offering.

The increasing complexities at workplaces have necessitated the shift from traditional ways of managing workforce to the computerized ways of handling workforce functions for attaining higher efficiencies.

The increasing competition also demands for efficient business operations across every organization domain, which can be achieved by managing the workforce that is ultimately responsible for every business activity within an organization. Thus, workforce analytics is changing the ways of streamlining human resources through greater analytical insights.

The economic effects of labor shortages and surpluses are getting stronger in many of the developed and developing countries around the globe. It is estimated that the ongoing global workforce crisis could lead to the economic risks of over USD 10 trillion. Thus, it has become important for businesses around the globe to effectively analyze and manage the available workforce.

The market demand for workforce analytics is on the rise as business leaders increasingly recognize that the right talent is critical to the business. Many organizational functions such as marketing, supply chain, and finance are becoming increasingly sophisticated in the use of analytics for informed decision-making and are showing clear benefits in terms of business outcomes. Hence, the need for workforce analytics solutions and services is rapidly rising among businesses that manage global workforces.

North America is expected to have the largest market share and dominate the workforce analytics market from 2015 to 2020, due to presence of large number of analytics vendors. APAC offers potential growth opportunities, as there is a rise in the BYOD trend and greater skilled workforce availability among SMBs and enterprises that are turning towards workforce analytics solutions to efficiently manage human resources.

Companies Mentioned:

  • ADP, Llc.
  • Cornerstone Ondemand
  • IBM Corporation
  • Kronos Inc.
  • Oracle Corporation
  • Sap SE
  • Tableau Software
  • Visier Inc.
  • Workday, Inc.
  • Workforce Software

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Workforce Analytics Market Analysis, By Type

8 Workforce Analytics Market Analysis, By Deployment Model

9 Workforce Analytics Market Analysis, By Organization Size

10 Workforce Analytics Market Analysis, By Vertical

11 Geographical Analysis

12 Competitive Landscape

13 Company Profiles

14 Key Innovators

For more information visit http://www.researchandmarkets.com/research/bppf6v/workforce

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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