HR Analytics Market to Experience Significant Growth by 2030

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Posted 2023-02-25 20:17:51

A Global HR Analytics Market Research Report from Emergen Research was created after careful consideration of the HR Analytics industry's crucial commercial information and wide-ranging geographical coverage. This report addresses both qualitative and quantitative aspects of the HR Analytics market in addition to offering significant statistical data regarding the HR Analytics market. In addition to past data from 2017 to 2018, the research study offers a precise projection for the HR Analytics market through 2027. The research provides a thorough analysis of both existing and up-and-coming market participants. The report also includes information on the companies' business overviews, product portfolios, and expansion plans.

The global HR analytics market size was USD 3.10 Billion in 2021 and is expected to register a revenue CAGR of 15.0% during the forecast period, according to the latest analysis by Emergen Research. Growing adoption of HR analytics among large, medium, and small size enterprises to make data-driven decisions is a major factor projected to support market revenue growth between 2022 and 2030. Organizations can leverage Artificial Intelligence (AI), predictive analysis, and computing power of cloud to analyze human resource data, which can be used for digital representation of workforce and drive better and personalized employee experiences. HR analytics tools with Machine Learning (ML) algorithms can create data co-relations that accurately predict future business outcomes. For example, these tools can predict how diversity in the workforce will impact sales performance of organizations.

The COVID-19 pandemic's current mobility restrictions and lockdowns are anticipated to have a severe impact on the expansion of the HR Analytics industry. The HR Analytics sector is anticipated to be impacted by the COVID-19 pandemic in addition to other significant worldwide markets. The slowdown in economic expansion and the rapid shifts in demand will have an even greater impact on industry growth. The investigation of the COVID-19 pandemic's effects on the entire HR Analytics industry is covered in the report.

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Leading companies operating across the global HR Analytics market:

International Business Machines (IBM) Corporation, Oracle, SAS Institute Inc., Infor, Sage Group plc., Zoho Corporation Pvt. Ltd., Visier, Inc., Syncfusion Inc., UKG Inc., Degreed, Inc., ADP, Inc., and Cegid

Global HR Analytics Market Highlights:

Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management

Competitive Landscape:

The most recent study offers an incisive overview of the market's broad competitive landscape while highlighting the main competitors and their business profiles. The research has addressed a wide range of strategic actions done by these organisations, including new business deals, mergers and acquisitions, collaborations, joint ventures, technical advancement, and recent product introductions. The competitive environment of the market is examined in the research in several ways, including the regulatory standards and policies put in place recently across the sector. Our team of industry professionals has used a number of strong analytical tools, including Porter's Five Forces analysis and SWOT analysis, to provide a thorough overview of the global HR Analytics market and identify the key growth trends.

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Key Parameters Analyzed in This Section:

Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels

Segments Covered in this report are:

- Component Outlook (Revenue, USD Billion; 2019–2030)
  - Services
    1. Consulting
    2. Training & Support
    3. Implementation and Integration
    4. Others
  - Solution
- Deployment Outlook (Revenue, USD Billion; 2019–2030)
  - On-premises
  - Cloud
- Organization Size Outlook (Revenue, USD Billion; 2019–2030)
  - Large Enterprises
  - Small and Medium-Sized Enterprises (SMEs)

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Regional Segmentation:

North America
Latin America
Europe
Middle East & Africa
Asia Pacific

Key Points Covered in This Section:

Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
Besides offering a vivid depiction of the global HR Analytics business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
The report scrutinizes the salient factors influencing the growth of the market in the near future.
The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

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