HR Analytics Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2030

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HR Analytics Market Size Worth USD 10.90 Billion
in 2030
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Rising need to make talent management decisions
and growing struggle to recruit better staff are
key factors driving market revenue growth
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Industries We Cater to
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Market Summary
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. HR analytics systems also support
internal mobility, which assists companies in
making the best use of their employees. It allows
employees to improve their experiences, acquire
new skills, and grow in their careers within the
organization, which can help them to achieve both
their immediate and long-term objectives.
Additionally, it will increase diversity and
innovation, save time and money on external
hiring, and increase retention rates. Read More
https//www.emergenresearch.com/industry-report/
hr-analytics-market
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Market Summary
Some Key Highlights From the Report The service
segment is expected to register a steady revenue
CAGR over the forecast period. Implementation and
integration under the service segment help in
trouble-free deployment of people analytics
systems with internal and external systems of
organizations. This also enables organizations to
understand functionalities of current systems and
create reliable connectivity among
solutions. The cloud segment is expected to
register a rapid growth rate during the forecast
period. Organizations are adopting cloud
computing infrastructure to gain benefits from
technologies of recent times that will help to
enhance business efficiency along with the
economic value. Cloud-based HR analytics system
provides a centralized management system
irrespective of business size. The North America
market accounted for largest revenue share in
2021 owing to rising innovation in HR Analytics
systems and presence of key market players, such
as Oracle, SAS Institute Inc., IBM, and others,
in the region. Some major companies in the global
market report include 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. Request Free Sample _at_ https//www.emergenr
esearch.com/request-sample/1138
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Market Summary
Emergen Research has segmented the global HR
analytics market based on component, deployment,
organization size, application, verticals, and
region Component Outlook (Revenue, USD Billion
20192030) Services Consulting Training
Support Implementation and Integration Others Solu
tion Organization Size Outlook (Revenue, USD
Billion 20192030) Large Enterprises Small and
Medium-Sized Enterprises (SMEs) Application
Outlook (Revenue, USD Billion 20192030) Workforc
e Management Employee Development Employee
Engagement Request customization _at_
https//www.emergenresearch.com/request-for-custom
ization/1138
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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