Workforce Analytics Market Size, Share & Trends Analysis Report By Component, By Deployment (Cloud, On-premise), By Enterprise Size (SMEs, Large Enterprises), By End-use, By Region, And Segment Forecasts, 2024

Description

Workforce Analytics Market Growth & Trends:

The global workforce analytics market size is expected to reach USD 5.53 billion by 2030, registering a CAGR of 15.3% during the forecast period, according to a new report by Grand View Research, Inc. The growing concern by the majority of the large enterprises to deal with the humongous volume of data pertinent to human capital is anticipated to spur the demand for the workforce analytics software application platform over the forecast period. The widespread adoption of the human capital information system to enhance the profitability of the industry by reducing operational cost also stimulated market growth.

The retail industry is anticipated to be the fastest-growing application sector owing to the rising implementation of the workforce information system to automate the key human resource-related processes. Retail industries are subjected to exhibit multiple issues related to inventory management, in-store product distribution, customer handling, and deployment of a sufficient number of resources to the store locations.

The incidence of the public and private cloud storage systems by several business entities with respect to various data applications scalability, tool capabilities, and optimum implementation is anticipated to bolster the popularity of cloud storage platforms in the field of data analytics. The effective combination of data analytics tools and cloud computing platforms to enhance execution flexibility and agility of the data management system aggravated the demand for the incorporation of a cloud management system by the majority of the business enterprises.

Additionally, the cloud storage platform also enables the data analyst to optimize linear scalability, database virtualization, work management, and storage optimization. Cloud computing platforms categorically act as a complementary technological paradigm by enabling flexible network access to a shared pool of configurable computing resources with minimal cost to the management.

Workforce Analytics Market Report Highlights:

Based on component, service segment is anticipated to exhibit fastest growth with a CAGR of 17.5% over the forecast period. As organizations, especially those without in-house expertise, rely on service providers for essential advice.
The healthcare sector is expected to dominate the market in 2023. Workforce analytics solutions provide healthcare administrators with tools to optimize staffing levels, manage labor costs, and improve scheduling practices.
Asia Pacific is anticipated to incur the fastest growth CAGR over the forecast period. The growth can be attributed to the presence of fastest-growing economies such as China, India, and Japan in the region. The widespread deployment of the workforce analytics platform in the BFSI sector to meet the unprecedented demand for customer handling is anticipated to stimulate market growth.

Product Code: GVR-1-68038-947-0

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Workforce Analytics Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Workforce Analytics Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Workforce Analytics Market: Component Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Workforce Analytics Market: Component Movement Analysis, 2023 & 2030 (USD Million)
4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Services
- 4.4.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.4.1.1. Professional Services
    - 4.4.1.1.1. Professional Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
  - 4.4.1.2. Managed Services
    - 4.4.1.2.1. Managed Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Workforce Analytics Market: Deployment Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Workforce Analytics Market: Deployment Movement Analysis, 2023 & 2030 (USD Million)
5.3. Cloud
- 5.3.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. On-premise
- 5.4.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Workforce Analytics Market: Enterprise Size Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Workforce Analytics Market: Enterprise Size Analysis, 2023 & 2030 (USD Million)
6.3. Large Enterprises
- 6.3.1. Large Enterprises Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. SMEs
- 6.4.1. SMEs Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Workforce Analytics Market: End Use Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. Workforce Analytics Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
7.3. Healthcare
- 7.3.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. BFSI
- 7.4.1. BFSI Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. IT & Telecommunication
- 7.5.1. IT & Telecommunication Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Retail
- 7.6.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Aerospace & Defense
- 7.7.1. Aerospace & Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Manufacturing
- 7.8.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.9. Others
- 7.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Workforce Analytics Market: Regional Estimates & Trend Analysis

8.1. Workforce Analytics Market Share, By Region, 2023 & 2030 (USD Million)
8.2. North America
- 8.2.1. North America Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
  - 8.2.2.1. U.S. Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
  - 8.2.3.1. Canada Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
  - 8.2.4.1. Mexico Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
- 8.3.1. Europe Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.K.
  - 8.3.2.1. U.K. Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
  - 8.3.3.1. Germany Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
  - 8.3.4.1. France Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
- 8.4.1. Asia Pacific Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
  - 8.4.2.1. China Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
  - 8.4.3.1. Japan Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
  - 8.4.4.1. India Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
  - 8.4.5.1. South Korea Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
  - 8.4.6.1. Australia Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
- 8.5.1. Latin America Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
  - 8.5.2.1. Brazil Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
  - 8.5.3.1. Argentina Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
  - 8.6.2.1. Saudi Arabia Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. UAE
  - 8.6.3.1. UAE Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
  - 8.6.4.1. South Africa Workforce Analytics Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis by Key Market Participants
9.2. Company Categorization
9.3. Company Heat Map Analysis
9.4. Company Profiles
- 9.4.1. McAfee, LLC
  - 9.4.1.1. Participant's Overview
  - 9.4.1.2. Financial Performance
  - 9.4.1.3. Product Benchmarking
  - 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Trend Micro Inc.
  - 9.4.2.1. Participant's Overview
  - 9.4.2.2. Financial Performance
  - 9.4.2.3. Product Benchmarking
  - 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. AlienVault, Inc.
  - 9.4.3.1. Participant's Overview
  - 9.4.3.2. Financial Performance
  - 9.4.3.3. Product Benchmarking
  - 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. TrustWave Holdings, Inc.
  - 9.4.4.1. Participant's Overview
  - 9.4.4.2. Financial Performance
  - 9.4.4.3. Product Benchmarking
  - 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. Cimcor, Inc.
  - 9.4.5.1. Participant's Overview
  - 9.4.5.2. Financial Performance
  - 9.4.5.3. Product Benchmarking
  - 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Lonx Solutions LLP
  - 9.4.6.1. Participant's Overview
  - 9.4.6.2. Financial Performance
  - 9.4.6.3. Product Benchmarking
  - 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Qualys, Inc.
  - 9.4.7.1. Participant's Overview
  - 9.4.7.2. Financial Performance
  - 9.4.7.3. Product Benchmarking
  - 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Securonix Inc.
  - 9.4.8.1. Participant's Overview
  - 9.4.8.2. Financial Performance
  - 9.4.8.3. Product Benchmarking
  - 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. AT&T
  - 9.4.9.1. Participant's Overview
  - 9.4.9.2. Financial Performance
  - 9.4.9.3. Product Benchmarking
  - 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. Software Diversified Services
  - 9.4.10.1. Participant's Overview
  - 9.4.10.2. Financial Performance
  - 9.4.10.3. Product Benchmarking
  - 9.4.10.4. Recent Developments/ Strategic Initiatives
- 9.4.11. SolarWinds Worldwide, LLC
  - 9.4.11.1. Participant's Overview
  - 9.4.11.2. Financial Performance
  - 9.4.11.3. Product Benchmarking
  - 9.4.11.4. Recent Developments/ Strategic Initiatives
- 9.4.12. Splunk Technology
  - 9.4.12.1. Participant's Overview
  - 9.4.12.2. Financial Performance
  - 9.4.12.3. Product Benchmarking
  - 9.4.12.4. Recent Developments/ Strategic Initiatives
- 9.4.13. LogRhythm, Inc.
  - 9.4.13.1. Participant's Overview
  - 9.4.13.2. Financial Performance
  - 9.4.13.3. Product Benchmarking
  - 9.4.13.4. Recent Developments/ Strategic Initiatives
- 9.4.14. IBM Corporation
  - 9.4.14.1. Participant's Overview
  - 9.4.14.2. Financial Performance
  - 9.4.14.3. Product Benchmarking
  - 9.4.14.4. Recent Developments/ Strategic Initiatives
- 9.4.15. New Net Technologies LLC
  - 9.4.15.1. Participant's Overview
  - 9.4.15.2. Financial Performance
  - 9.4.15.3. Product Benchmarking
  - 9.4.15.4. Recent Developments/ Strategic Initiatives

Workforce Analytics Market Size, Share & Trends Analysis Report By Component, By Deployment (Cloud, On-premise), By Enterprise Size (SMEs, Large Enterprises), By End-use, By Region, And Segment Forecasts, 2024 - 2030