Product ID: SQMIG45F2058
Global Workforce Analytics Market Size, Share, Growth Analysis, By Component(Service, Solutions), By Deployment(Cloud, On-premise), By Industry Vertical(Healthcare, IT & Telecommunication) - Industry Forecast 2024-2031
Report ID:
SQMIG45F2058 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
76
Global Workforce Analytics Market Insights
Workforce Analytics Market size was valued at USD 1.37 billion in 2019 and is poised to grow from USD 1.59 billion in 2023 to USD 4.78 billion by 2031, growing at a CAGR of 14.9% in the forecast period (2024-2031).
Workforce analytics refers to the statistical models that are applied at workplaces to boost productivity and streamline process methodologies. For an efficient organization, different methodologies have been developed in order to serve a larger purpose. This further allows the managers to optimize the Human Resource Management (HRM) processes. With the increase in demand for employees, it is difficult to manage the data manually, as it may lead to human errors, thus the demand for workforce analytics has risen in recent times to manage the large amount of data that is being generated on a daily. This is expected to boost the growth of the global workforce analytics market during the forecast period.
The Covid-19 pandemic has boosted the growth of the global workforce analytics market. The adoption of work from home during the pandemic increased the demand for workforce analytics to manage all the data efficiently. Furthermore, since the lockdown has been lifted in approximately almost all the countries, this has resulted in an increase in the hiring process by the companies, which is fueling the growth of the global workforce analytics market.
US Workforce Analytics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Workforce Analytics Market Report Snapshots
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