HR Analytics Market: Growth, Demand and Key Players to 2026
The report prepared by the GMI Research includes an in-depth analysis of the global market and a thorough research undertaken by the analysts. An extensive study of this market alongside the fundamental aspects that may influence the commercialization graph of this industry has been given in the study. The market study covers various aspects such as geographical growth opportunities, market size, and important vendors in the market, driving factors, segmental evaluation, constraints, and competitive landscape.
Top Companies of the HR Analytics Market:
- Oracle Corporation
- IBM Corporation
- SAP SE
- Tableau Software
- Infor
- Crunchr
- Sage Group Plc
- MicroStrategy Incorporated
- Zoho
- Kronos Incorporated
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Drivers of the HR Analytics Market:
The key factor accelerating the growth of the HR analytics market includes the rising adoption of a cloud-based solution, growing adoption of HR analytics among small and medium-sized enterprises to make a data-driven decision, and increasing demand for HR analytics to improve workforce optimization and talent mobility. Moreover, growing adoption of analytics software to save cost, time and enhance performance are some other factors propelling the market growth in the upcoming years. Increasing requirement to employ skilled talent and improve employee retention with the help of innovative technologies such as the Internet of Things (IoT) and analytics is expected to boost the growth of the market.
Various initiatives are taken by the government to support the adoption of digital technologies, internet connectivity, and mobile applications, with an aim to minimize the manual efforts and improve the productivity of organizations. The use of HR analytics enables organizations to better decision-making and reduce their capital, which boosts the growth of the HR analytics market. In addition to this, HR analytical solution enables the organization to enhance budget allocations and facilitates complex compensation planning, which is surging the demand for HR analytics demand among enterprises. On the other hand, the cultural barrier to adopt HR analytical solutions, followed by the varying structure of regulatory policies and data regulations are the significant factors hindering the market growth.
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Segmentation of the HR Analytics Market:
By Component:
- Solution
- Service
By Application Area:
- Payroll
- Retention
- Recruitment
- Workforce Management
- Employee Engagement
- Employee Development
By Deployment:
- On-Cloud
- On-Premises
By Organisation Size:
- Small and Medium- sized Enterprises
- Large Enterprises
By Vertical:
- BFSI
- IT and Telecommunication
- Manufacturing
- Education
- Retail
- Healthcare
- Others
By Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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