Global HR Analytics Market, By Component (Solutions and Services), By Deployment Mode (On-Premise and Cloud), By End-user Industry (BFSI, Telecom & IT, Consumer Goods & Retail, Healthcare, and Manufacturing), By Region (North America, Latin America, Europe, Asia Pacific, Central America East and Africa) - Industry Trends and Forecast to 2030.
Global HR Analytics Market
The HR Analytics market, valued at USD 2.8 Billion in 2022, is expected to reach USD 9.0 Billion by 2030, with a CAGR of 15.71% during the forecast period 2023-2030.
Human resource analytics (HR Analytics) is a subfield of analytics that focuses on the analysis of people and the application of analytical methods to the organization's human capital in order to enhance employee retention and performance. Additionally, HR analytics does not gather information about how employees perform at their jobs; rather, its sole objective is to provide better insight into each of the human resource processes by collecting pertinent data and using that information to decide how to enhance those processes.
Market Drivers
The market is progressing due to the demand for efficient labour management and recruitment. Many businesses make use of platforms for finding talent from outside sources. As a result, vendors are embracing new technologies more and more. To address their talent acquisition objectives, organisations are turning to technology-based solutions and services. On the basis of mobile and cloud technology, many of these solutions are cognitive in character. Artificial intelligence (AI), robotic process automation (RPA), natural language processing (NLP), and prediction algorithms are examples of cognitive technologies that gather information from social networks and then offer useful insights. The usage of these technology helps businesses maximise their capital and make better decisions, which accelerates market growth.
Market Segmentation
Global HR Analytics Market is segmented into Component, Deployment Type, and End-user Industry. On the basis of Component, Global HR Analytics Market is segmented into Solutions and Services. On the basis of Deployment Mode, Global HR Analytics Market is segmented into On-Premise and Cloud. On the basis of End-user Industry, Global HR Analytics Market is segmented into BFSI, Telecom & IT, Consumer Goods & Retail, Healthcare, and Manufacturing.
Regional Analysis
Global HR Analytics Market is segmented into five main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In recent years, HR analytics has gained a lot of traction in North America. This is because more sizable regional organisations are using cloud infrastructure, and important vendors of HR analytics, including IBM Corporation, are present in the area.
Key Players
Various key players are listed in this report such as BM Corporation, MicroStrategy Incorporated, Oracle Corporation, SAP SE, UKG Inc., Cegid, TABLEAU SOFTWARE, Sage Software Solutions Pvt. Ltd., Zoho Corporation Pvt. Ltd, and Workday, Inc.
Key Development
• SAP SE made the announcement that it had bought Askdata, a startup with a focus on search-driven analytics, in July 2022. SAP has improved its capacity to assist businesses in making more informed decisions by utilising AI-driven natural language searches with the purchase of Askdata. To maximise business insights, users are given the freedom to browse, interact, and contribute on real-time data.
Market Taxonomy
By Component
• Solutions
• Services
By Deployment Mode
• On-Premise
• Cloud
By End-user Industry
• BFSI
• Telecom & IT
• Consumer Goods & Retail
• Healthcare
• Manufacturing
By Region
• North America
• U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global HR Analytics Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global HR Analytics Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global HR Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global HR Analytics Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global HR Analytics Market Share Analysis, By Component
5.3 Global HR Analytics Market Size and Forecast, By Component
5.3.1 Solutions
5.3.2 Services
6 Global HR Analytics Market, By Deployment Type
6.1 Y-o-Y Growth Comparison, By Deployment Type
6.2 Global HR Analytics Market Share Analysis, By Deployment Type
6.3 Global HR Analytics Market Size and Forecast, By Deployment Type
6.3.1 On-Premise
6.3.2 Cloud
7 Global HR Analytics Market, By End user Industry
7.1 Y-o-Y Growth Comparison, By End user Industry
7.2 Global HR Analytics Market Share Analysis, By End user Industry
7.3 Global HR Analytics Market Size and Forecast, By End user Industry
7.3.1 BFSI
7.3 2 Telecom & IT
7.3.3 Consumer Goods & Retail
7.3.4 Healthcare
7.3.5 Manufacturing
8 Global HR Analytics Market, By Region
8.1 Global HR Analytics Market Share Analysis, By Region
8.2 Global HR Analytics Market Share Analysis, By Region
8.3 Global HR Analytics Market Size and Forecast, By Region
9 North America HR Analytics Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America HR Analytics Market Share Analysis, By Component
9.3 North America HR Analytics Market Size and Forecast, By Deployment Type
9.4 North America HR Analytics Market Size and Forecast, By End user Industry
9.5 North America HR Analytics Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1. Market Size and Forecast, By Component
9.5.1.2 Market Size and Forecast, By Deployment Type
9.5.1.3 Market Size and Forecast, By End user Industry
9.5.2 Canada
9.5.2.1. Market Size and Forecast, By Component
9.5.2.2 Market Size and Forecast, By Deployment Type
9.5.2.3 Market Size and Forecast, By End user Industry
9.5.3 Mexico
9.5.3.1. Market Size and Forecast, By Component
9.5.3.2 Market Size and Forecast, By Deployment Type
9.5.3.3 Market Size and Forecast, By End user Industry
10 Europe HR Analytics Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe HR Analytics Market Share Analysis, By Component
10.3 Europe HR Analytics Market Size and Forecast, By Deployment Type
10.4 Europe HR Analytics Market Size and Forecast, By End user Industry
10.5 Europe HR Analytics Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1. Market Size and Forecast, By Component
10.5.1.2 Market Size and Forecast, By Deployment Type
10.5.1.3 Market Size and Forecast, By End user Industry
10.5.2 France
10.5.2.1. Market Size and Forecast, By Component
10.5.2.2 Market Size and Forecast, By Deployment Type
10.5.2.3 Market Size and Forecast, By End user Industry
10.5.3 UK
10.5.3.1. Market Size and Forecast, By Component
10.5.3.2 Market Size and Forecast, By Deployment Type
10.5.3.3 Market Size and Forecast, By End user Industry
10.5.4. Russia
10.5.4.1. Market Size and Forecast, By Component
10.5.4.2 Market Size and Forecast, By Deployment Type
10.5.4.3 Market Size and Forecast, By End user Industry
10.5.5. Italy
10.5.5.1. Market Size and Forecast, By Component
10.5.5.2 Market Size and Forecast, By Deployment Type
10.5.5.3 Market Size and Forecast, By End user Industry
10.5.6. Spain
10.5.6.1. Market Size and Forecast, By Component
10.5.6.2 Market Size and Forecast, By Deployment Type
10.5.6.3 Market Size and Forecast, By End user Industry
10.5.7. Rest of Europe
10.5.7.1. Market Size and Forecast, By Component
10.5.7.2 Market Size and Forecast, By Deployment Type
10.5.7.3 Market Size and Forecast, By End user Industry
11 Asia Pacific HR Analytics Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific HR Analytics Market Share Analysis, By Component
11.3 Asia Pacific HR Analytics Market Size and Forecast, By Deployment Type
11.4 Asia Pacific HR Analytics Market Size and Forecast, By End user Industry
11.5 Asia Pacific HR Analytics Market Size and Forecast, By Country
11.5.1 China
11.5.1.1. Market Size and Forecast, By Component
11.5.1.2 Market Size and Forecast, By Deployment Type
11.5.1.3 Market Size and Forecast, By End user Industry
11.5.2 Japan
11.5.2.1. Market Size and Forecast, By Component
11.5.2.2 Market Size and Forecast, By Deployment Type
11.5.2.3 Market Size and Forecast, By End user Industry
11.5.3 India
11.5.3.1. Market Size and Forecast, By Component
11.5.3.2 Market Size and Forecast, By Deployment Type
11.5.3.3 Market Size and Forecast, By End user Industry
11.5.4. South Korea
11.5.4.1. Market Size and Forecast, By Component
11.5.4.2 Market Size and Forecast, By Deployment Type
11.5.4.3 Market Size and Forecast, By End user Industry
11.5.5. Australia
11.5.5.1. Market Size and Forecast, By Component
11.5.5.2 Market Size and Forecast, By Deployment Type
11.5.5.3 Market Size and Forecast, By End user Industry
11.5.6. New Zealand
11.5.6.1. Market Size and Forecast, By Component
11.5.6.2 Market Size and Forecast, By Deployment Type
11.5.6.3 Market Size and Forecast, By End user Industry
11.5.7. Singapore
11.5.7.1. Market Size and Forecast, By Component
11.5.7.2 Market Size and Forecast, By Deployment Type
11.5.7.3 Market Size and Forecast, By End user Industry
11.5.8. Malaysia
11.5.8.1. Market Size and Forecast, By Component
11.5.8.2 Market Size and Forecast, By Deployment Type
11.5.8.3 Market Size and Forecast, By End user Industry
11.5.9. Rest of Asia
11.5.9.1. Market Size and Forecast, By Component
11.5.9.2 Market Size and Forecast, By Deployment Type
11.5.9.3 Market Size and Forecast, By End user Industry
12 Latin America HR Analytics Market Analysis and Forecast (2023-2030)12.1 Introduction
12.2 Latin America HR Analytics Market Share Analysis, By Component
12.3 Latin America HR Analytics Market Size and Forecast, By Deployment Type
12.4 Latin America HR Analytics Market Size and Forecast, By End user Industry
12.4 Latin America HR Analytics Market Size and Forecast, Country
12.5.1 Brazil
12.5.1.1. Market Size and Forecast, By Component
12.5.1.2 Market Size and Forecast, By Deployment Type
12.5.1.3 Market Size and Forecast, By End user Industry
12.5.2 Argentina
12.5.2.1. Market Size and Forecast, By Component
12.5.2.2 Market Size and Forecast, By Deployment Type
12.5.2.3 Market Size and Forecast, By End user Industry
12.5.3. Colombia
12.5.3.1. Market Size and Forecast, By Component
12.5.3.2 Market Size and Forecast, By Deployment Type
12.5.3.3 Market Size and Forecast, By End user Industry
12.5.4. Peru
12.5.4.1. Market Size and Forecast, By Component
12.5.4.2 Market Size and Forecast, By Deployment Type
12.5.4.3 Market Size and Forecast, By End user Industry
12.5.5. Chile
12.5.5.1. Market Size and Forecast, By Component
12.5.5.2 Market Size and Forecast, By Deployment Type
12.5.5.3 Market Size and Forecast, By End user Industry
12.5.6. Venezuela
12.5.6.1. Market Size and Forecast, By Component
12.5.6.2 Market Size and Forecast, By Deployment Type
12.5.6.3 Market Size and Forecast, By End user Industry
12.5.7. Rest of Latin America
12.5.7.1. Market Size and Forecast, By Component
12.5.7.2 Market Size and Forecast, By Deployment Type
12.5.7.3 Market Size and Forecast, By End user Industry
13 Middle East HR Analytics Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East HR Analytics Market Share Analysis, By Component
13.3 Middle East HR Analytics Market Size and Forecast, By Deployment Type
13.4 Middle East HR Analytics Market Size and Forecast, By End user Industry
13.5 Middle East HR Analytics Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.1.1. Market Size and Forecast, By Component
13.5.1.2 Market Size and Forecast, By Deployment Type
13.5.1.3 Market Size and Forecast, By End user Industry
13.5.2 UAE
13.5.2.1. Market Size and Forecast, By Component
13.5.2.2 Market Size and Forecast, By Deployment Type
13.5.2.3 Market Size and Forecast, By End user Industry
13.5.3 Egypt
13.5.3.1. Market Size and Forecast, By Component
13.5.3.2 Market Size and Forecast, By Deployment Type
13.5.3.3 Market Size and Forecast, By End user Industry
13.5.4 Kuwait
13.5.4.1. Market Size and Forecast, By Component
13.5.4.2 Market Size and Forecast, By Deployment Type
13.5.4.3 Market Size and Forecast, By End user Industry
13.5.5 South Africa
13.5.5.1. Market Size and Forecast, By Component
13.5.5.2 Market Size and Forecast, By Deployment Type
13.5.5.3 Market Size and Forecast, By End user Industry
13.5.6 Rest of Middle East & Africa
13.5.6.1. Market Size and Forecast, By Component
13.5.6.2 Market Size and Forecast, By Deployment Type
13.5.6.3 Market Size and Forecast, By End user Industry
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 BM Corporation
15.1.1 Overview
15.1.2 Components
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 MicroStrategy Incorporated
15.2.1 Overview
15.2.2 Components
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Oracle Corporation
15.3.1 Overview
15.3.2 Components
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 SAP SE
15.4.1 Overview
15.4.2 Components
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 UKG Inc.
15.5.1 Overview
15.5.2 Components
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 TABLEAU SOFTWARE
15.6.1 Overview
15.6.2 Components
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Sage Software Solutions Pvt. Ltd.
15.7.1 Overview
15.7.2 Components
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Zoho Corporation Pvt. Ltd
15.8.1 Overview
15.8.2 Components
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Workday, Inc.
15.9.1 Overview
15.9.2 Components
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
