HR Analytics Market by Size Share Research Report

HR Analytics Market size is poised to reach USD 13,911 Million by 2026, growing at a CAGR of 13.1% over the forecast period. Human Resource Analytics refers to the process of analyzing people within an organization to improve the performance of employees. HR Analytics solution helps to imp

HR Analytics Market

HR Analytics Market size is poised to reach USD 13,911 Million by 2026, growing at a CAGR of 13.1% over the forecast period. Human Resource Analytics refers to the process of analyzing people within an organization to improve the performance of employees. HR Analytics solution helps to improve the productivity of an organization to offer an improved work environment for employees.

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Growing adoption of HR analytics across small and medium organizations to reach a data-driven decision and improve workforce optimization and talent mobility has steered the HR Analytics market growth. Also, the analytics software improves the performance of employees and saves time and cost for the organization. It helps in making managerial decisions guided by HR data to enhance employee experience, workforce planning, and task automation, thus providing an improved work environment to employees. With the growing need to enhance efficiency and minimize operational costs for an organization, the HR analytics market has substantially grown. These solutions allow the companies to emphasize enhancing workforce efficiency and employee retention, which can increase the ROI for an enterprise, help enhance productivity, and provide a better work culture. However, the growing safety concerns using cloud services is a major factor hampering the market growth.

By end-use segment, the IT and Telecom industry will lead the market over the forecast period, owing to the rapid globalization. Also, the companies have extended their global footprint, which has resulted in complexities in handling the globally dispersed workforce, thus strengthening the market for HR analytics solutions.

By region, Asia-pacific is anticipated to dominate the market during the forecast period owing to rapid digitalization has raised the need for HR analytics. With the rising trend of start-up culture and growing productivity and performance of the employee, the market has bolstered. Countries such as India, New Zealand, Australia, Japan, and China are the market leader in this region.  

HR Analytics Market Segmentation:

HR Analytics Market by Component
  • Solutions
  • Services
HR Analytics Market by Deployment Type
  • On-Premises
  • Cloud
HR Analytics Market by Organization Size
  • Small and Medium-sized Enterprises
  • Large Enterprises
HR Analytics Market by Vertical
  • Healthcare
  • BFSI
  • Government
  • IT Telecommunication
  • Education
  • Retail
  • Manufacturing
  • Others
HR Analytics Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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