市场调查报告书
商品编码
1276637
全球劳动力分析市场规模、份额、行业趋势分析报告:按组成部分、行业、组织规模(大型企业、中小企业)、部署模式、地区展望和预测,2023-2029 年Global Workforce Analytics Market Size, Share & Industry Trends Analysis Report By Component, By Vertical, By Organization size (Large Enterprises and SMEs), By Deployment Mode, By Regional Outlook and Forecast, 2023 - 2029 |
劳动力分析市场规模预计在预测期内以 17.4% 的复合年增长率增长,到 2029 年达到 49 亿美元。
通过使用机器学习和区块链技术,劳动力分析预计将为市场扩张提供有利可图的潜力。 基于 AI 的劳动力分析解决方案、对大量 HR 数据的访问以及数据源的兴起。 越来越多地使用数据进行战略性劳动力规划、赢得竞争、解决长期劳动力问题以及确保员工敬业度和满意度等趋势是推动市场增长的主要原因。我来了。
通过监控这些信息,分析人员可以确定管理层为员工所做的努力的结果,例如製定改进计划、解决问题、设定期望和披露对绩效的担忧。可以对其进行评估。 此外,评估员工绩效可以让管理者确定需要发展的领域,以及哪些员工达到或超过了预期。
COVID-19 影响分析
COVID-19 全球紧急事件对几乎每个行业都产生了重大影响,劳动力分析市场也不例外。 在 COVID-19 期间,对互联网上可用的计算机网络、应用程序、存储和资源的需求大大增加。 在 COVID-19 关闭期间,随着各国人们在家工作,对互联网应用程序的需求显着增加。 现在对基于云的解决方案的需求正在飙升。 劳动力分析市场将受到对基于云的解决方案不断增长的需求的推动。
市场增长因素
结合 ML、NLP 和 AI 等技术
劳动力分析软件可以通过采用自然语言处理(人工智能的一个子集)来理解人类的口语和书面语言。 例如,招聘聊天机器人可以很容易地立即与求职者沟通,首先要求求职者提供简历和联繫方式,然后筛选有关技能、知识和经验的问题。 它还安排与人力招聘人员的面试。 因此,将 AI 和 NLP 纳入您的劳动力分析解决方案可实现自动简历匹配,并通过选择具有最合适资格和教育背景的人员来加快选择过程。 因此,人工智能和机器学习在劳动力分析中的应用有望在预测期内推动市场扩张。
更偏好数据驱动的决策
随着劳动力管理的复杂性增加,采用量化方法来处理复杂性的大门正在打开。 例如,公司正在采用大数据技术来刺激增长。 因此,公司认为大数据技术具有提高员工保留率的巨大潜力。 分析可以揭示员工行为并帮助您发现可能很快离开公司的员工。 此外,数据分析可以总结员工行为,帮助企业做出更明智的人才决策。 因此,大数据分析和其他尖端工具将被更频繁地使用,从而促进市场扩张。
市场製约因素
缺乏熟练的专业人员阻碍了市场增长
公司需要大数据和精通技术的人员来管理支持业务增长的海量数据。 但是开发和投资数据分析的公司发现很难找到合格的员工来执行他们的计划。 这使得服务提供商难以满足不断扩大的客户群的需求,阻碍了劳动力分析市场的发展。
组件视角
劳动力分析市场根据组件细分为解决方案和服务。 到 2022 年,解决方案部门将在劳动力分析市场中占据最高的收入份额。 劳动力分析使公司能够评估来自各种人力资源系统的劳动力数据,并从分析中得出结论。 因此,公司可以利用劳动力分析来发现吸引、留住和招聘员工的理想方式。 此外,人力资源部门可以根据数据做出更好的决策。 它还可以改善整体员工体验并提高敬业度。
组织前景
按组织划分,劳动力分析市场分为大型企业和小型企业。 大型企业部门在 2022 年以最大的收入份额主导了劳动力分析市场。 这是因为劳动力分析使得以低成本评估如此大量的数据成为可能。 此外,这些技术使公司能够管理大型员工数据库并提供对世界任何地方员工信息的实时访问。
行业展望
按垂直方向,劳动力分析市场细分为 IT 和电信、BFSI、製造、零售和电子商务、政府、医疗保健和生命科学、教育、能源和公用事业等。 2022 年,BFSI 部门在劳动力分析市场中占据了很大的收入份额。 由于竞争压力和监管改革,该行业正在经历重大颠覆。 该行业面临着独特的挑战,例如信息安全威胁、法律要求和有限的业务利润。 这些挑战促使 BFSI 部门为员工协会、重组运营和降低劳动力成本采用劳动力分析。
部署模式展望
劳动力分析市场按部署模式分为云端和本地。 到 2022 年,云部分在劳动力分析市场中占据了很大的收入份额。 原因是云驱动的部署提供了灵活性、有效性和成本效益。 此外,您可以为您的用户提供一个可以从不同位置访问的出色平台。 由于这些优势,用户更喜欢基于云的软件,而不是安装和升级成本高昂的本地软件。
区域展望
按地区划分,对北美、欧洲、亚太地区和 LAMEA 的劳动力分析市场进行了分析。 到 2022 年,北美地区将以最大的收入份额引领劳动力分析市场。 该地区技术含量高,能够快速采用新的创新技术。 北美的市场主导地位也归功于大量提供分析解决方案的区域性公司。
The Global Workforce Analytics Market size is expected to reach $4.9 billion by 2029, rising at a market growth of 17.4% CAGR during the forecast period.
A sophisticated set of data analysis techniques called "worker analytics" is used to evaluate and improve a wide range of workforce performance. It examines the personnel, hiring, training and development, employee relations, pay, and benefits. Also, it makes it easier to analyze common ratios like time, cost per hire, retention rate, start-up time, add rate, replacement rate, accession rate, and offer acceptance rate.
The broad term "workforce analytics" refers directly to an institution's staff. It covers all individuals operating in different capacities inside a company, including those based remotely, freelancers, on-site workers, consultants, and others. The need to address long-term labor challenges, the rise in the requirement to identify talent shortages from performance data, the need to gain a competitive edge, and the importance of ensuring employee satisfaction and engagement are the key market trends in the workforce analytics space.
The usage of machine learning and blockchain technologies, and workforce analytics is anticipated to offer lucrative potential for market expansion. AI-based workforce analytics solutions, the accessibility of enormous volumes of HR data, and the rise of data sources. Trends including increased data utilization for strategic workforce planning, gaining a competitive edge, addressing long-term labor challenges, and ensuring employees are engaged and satisfied are the main reasons propelling the market's growth.
Monitoring this information enables analysts to assess the success of managers' efforts to involve their staff in planning improvements, resolving questions, establishing expectations, and disclosing performance concerns. In addition, evaluation of an employee's performance helps managers identify the areas that need development and those that meet or surpass expectations.
COVID-19 Impact Analysis
The COVID-19 worldwide public emergency has significantly affected almost all industries, and the workforce analytics market was no exception. The demand for computer networks, applications, storage, and resources available over the internet has significantly expanded during COVID-19. People work from home during the COVID-19 shutdown in many different nations, significantly raising the demand for internet apps. The need for cloud-based solutions is skyrocketing right now. The market for workforce analytics will be supported by growing demand for cloud-based solutions.
Market Growth Factors
Incorporation of technologies like ML, NLP and AI
Workforce analytics software can comprehend spoken and written human language by employing natural language processing, a subset of artificial intelligence. A recruitment chatbot, for instance, will make it easier to communicate with candidates right away, starting with requesting their CV and contact information and continuing with screening questions about their skills, knowledge, and experience. Also, it will arrange a human recruiter interview. Therefore, incorporating AI & NLP with workforce analytics solutions enables automated resume matching and accelerates the screening process by selecting the individuals with the best qualifications and education. Thus, during the forecast period, the use of AI and ML in workforce analytics is anticipated to fuel market expansion.
More preference to data driven decision making
The complexity of workforce management is increasing, which opens the door for quantitative ways to handle complexity. Big data technologies, for instance, are being adopted by businesses to stimulate growth. As a result, businesses see big data technology as having major potential for improving staff retention. Analytics can shed light on employee behavior and help spot those most likely to depart the company soon. Additionally, it provides a summary of employee behavior through data analysis, allowing businesses to make informed decisions about their personnel. Therefore, big data analytics and other cutting-edge tools will be used more frequently, promoting the market's expansion.
Market Restraining Factors
Dearth of skilled professionals impeding the market growth
Businesses need personnel that is knowledgeable about big data and contemporary technologies in order to manage enormous amounts of data, which supports business growth. However, in order to execute their plans, businesses that are developing and making investments in data analytics are having difficulty finding qualified employees. This makes it more difficult for service providers to meet the expanding needs of their clientele, which will impede the growth of the workforce analytics market.
Component Outlook
Based on component, the workforce analytics market is segmented into solutions, and services. In 2022, the solutions segment held the highest revenue share in the workforce analytics market. Enterprises can use workforce analytics to evaluate workforce data from different HR systems and derive conclusions from the analysis. As a result, enterprises can discover the ideal methods for employee engagement, retention, and recruitment by utilizing workforce analytics. Additionally, it aids HR departments in developing better decisions based on data. Also, it enhances the overall experience of employees and increases their level of engagement.
Organization Outlook
By organization, the workforce analytics market is fragmented into large enterprise and small enterprise. The large enterprise segment dominated the workforce analytics market with the maximum revenue share in 2022. This is because workforce analytics makes it possible to evaluate such a large amount of data for less money. Additionally, these technologies allow companies to control sizable employee databases and offer real-time access to employee information anywhere in the world.
Vertical Outlook
Based on vertical, the workforce analytics market is categorized into IT & telecom, BFSI, manufacturing, retail & e-commerce, government, healthcare & life sciences, education, energy & utilities, and others. The BFSI segment garnered a significant revenue share in the workforce analytics market in 2022. The industry is experiencing significant disruption due to competitive pressures & regulatory reforms. It has particular difficulties, such as threats to information security, legal requirements, and limited business margins. The difficulties drive the BFSI sector to employ workforce analytics for employee associations to restructure operations and cut labor expenditures.
Deployment Mode Outlook
By deployment mode, the workforce analytics market is bifurcated into cloud and on-premise. The cloud segment acquired a substantial revenue share in the workforce analytics market in 2022. The reason is that cloud-driven deployment offers flexibility, efficacy, and cost-efficiency. Furthermore, it offers users a better platform that can be accessed from various locations. Due to its advantages, users prefer cloud-based software over on-premise software because of its expensive installation and upgrade expenses.
Regional Outlook
Region wise, the workforce analytics market is analyzed across North America, Europe, Asia Pacific and LAMEA. In 2022, the North America region led the workforce analytics market by generating the largest revenue share. The region has advanced technology and is faster to embrace novel innovations. The dominance of North America in the market is also attributable to a number of regional businesses that offer analytics solutions.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Oracle Corporation is the forerunner in the Workforce Analytics Market. Companies such as ADP, Inc., IBM Corporation, and SAP SE are some of the key innovators in Workforce Analytics Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Salesforce, Inc. (Tableau Software, LLC), Oracle Corporation, ADP, Inc., Workday, Inc., Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.), Visier, Inc., UKG, Inc. and WorkForce Software, LLC.
Recent Strategies Deployed in Workforce Analytics Market
Partnerships, Collaborations and Agreements:
Sep-2022: Salesforce expanded its partnership with Snowflake Inc., a cloud computing-derived data cloud enterprise. With this expansion, Connecting with Snowflake, Salesforce customers would be able to sync data in real-time between the Salesforce Customer Data Platform (CDP) and Snowflake, helpful in the reduction of risks and costs that are usually involved with traditional sync methods. Moreover, the acquisition would provide Salesforce customers the power to extract insights into data from Snowflake.
Jun-2022: Visier came into partnership with symplr, a healthcare operations solutions provider, to develop a talent analytics feature offering, for the supply of enhanced product experience. With this partnership, Visier's expertise in delivering healthcare operations solutions would be combined with symplr's people analytics capabilities empowering Visier's customers to make high-level data-driven staffing decisions through deep data analytics.
May-2022: IBM expanded its partnership with Ernst & Young Global Limited, consulting, assurance, tax, and transaction services provider, to simplify Workforce challenges. With this expansion, EY's Organization and Workforce, Mobility, and HR Transformation business would be merged with IBM Talent Transformation business and hybrid cloud and AI capabilities providing aid to enterprises globally in the digital transformation and getting enhanced secured solutions enabling them to overcome the workforce challenges. Moreover, the clients would be able to better transform their HR functions by making improvements in their workforce management.
Jan-2022: SAP SE expanded its partnership with Icertis, a software company providing contract management software to businesses, facilitating enterprises in getting augmented efficiency, and mitigating risk. Through this partnership, the combined efforts of SAP and Icertis with their leading technological expertise in providing business management software and contract management software-related services respectively would be helpful in the development of SAP's suite across ERP, finance, procurement, sales, and HR, enabling SAP's customers to get increased efficiency, and reducing risk in their businesses.
Product Launches and Expansions:
Mar-2023: SAP announced the launch of SAP Datasphere solution, a next-generation SAP Data Warehouse Cloud service data management suite, providing customers the ability to easily access the right business data. SAP Datasphere would facilitate businesses in removing hidden data tax, allowing customers to develop business data architecture offering informational data with business context. Additionally, Datasphere data cataloging capabilities would be helpful in automatically detecting, operating, and governing data.
Nov-2022: IBM announced the launch of Business Analytics Enterprise, a portfolio of business intelligence planning, budgeting, reporting, forecasting, and dashboard solutions, to offer users a powerful view of data sources across their business. IBM Business Analytics Enterprise would also incorporate the latest IBM Analytics Content Hub facilitating users in managing and accessing analytics and planning tools from several vendors in a single, and personalized dashboard.
Nov-2022: Salesforce released Bundle, an Analytics Performance solution, to provide aid to businesses in analytics tools consolidation. With Bundle, enterprises would be able to unlock the potential of data management, allowing them to manage and secure targeted critical analytics through Advanced Management beneficial in delivering customers the training resources with eLearning.
Oct-2022: ADP announced the launch of the Voice of the Employee Survey Solution for the enhancement of Employee Workplace Experience. Built on advanced technologies, the new solution would offer data-driven employee surveys helpful in the prediction of employee behavior, easing out results interpretation and facilitating employers in gathering employee feedback and sentiment better.
Oct-2022: Cornerstone unveiled the Talent Experience Platform, a unified portfolio of learning and talent offerings with advanced people experiences, AI technology, and an open architecture for enhanced workforce experiences for businesses. Talent Experience Platform developed for providing aid to HR and business owners to fully utilize the workforce potential. With this offering, the talent leaders now would be able to optimize decision-making and bring agility to their businesses.
Oct-2022: Oracle released a line of innovative products to its suite of data and analytics offerings, namely, Oracle Fusion Analytics across CX, ERP, HCM, and SCM analytics, facilitating customers to make decisions faster and better. The added capabilities such as powerful Oracle Fusion CX Analytics, Oracle Fusion ERP Analytics, Oracle Fusion SCM Analytics, and Oracle Fusion HCM Analytics. Oracle Analytics Cloud innovates across the complete data and analytics workflow, and third Oracle data and analytics services would simplify the data interpretation, and AI/ML advancements extending the ML capabilities in Analytics Cloud with other Oracle Cloud Infrastructure (OCI) cognitive offerings allowing improved visual information processing enabling customers to better analyze and get business insights when dealing with a huge amount of data, bringing efficiencies and productivity in the customers' businesses.
Sep-2022: Visier announced the launch of Hybrid Work under the Visier NOW Solution portfolio helpful in analyzing the impacts of hybrid work. The solution would enable businesses in tracking, analyzing, and reporting the critical elements of the business challenges such as while working with a hybrid work model to maintain productivity, and easily manage employees and workspaces.
Apr-2022: Oracle introduced Oracle ME, an all-inclusive Employee Experience Platform developed for fulfilling the evolving workforce requirements. The platform within Oracle Cloud HCM would provide HR and business owners tools to boost workforce success rates with new offerings for communication, productivity, and engagement enhancements.
Mar-2022: Visier unveiled six new offerings to Visier NOW solutions, a suite of purpose-driven offerings developed to tackle the evolving urgent workforce challenges, to streamline workforce management. The line of Visier Now solutions would now incorporate Hire Smarter, Strategic Compensation, Happiness Factors, Better Managers, Talent Pathways, Revenue Team Management & Optimization, Retention Focus, and Guided Diversity Planning. With an all-inclusive portfolio, businesses would now better be able to manage their workforce.
Mar-2022: Visier introduced People Cloud, an innovative tool developed to provide enhanced insight-powered performance. With People Cloud advanced technological solution, businesses would be able to automate informational people insights beneficial in balancing budgets and the number of employees while empowering the organizations to make better-targeted business decisions.
Acquisitions and Mergers:
Jan-2023: ADP completed the acquisition of Securax Tech Solutions Private Limited, manufacturers, distributors, and importers of Security Systems, to boost ADP's capability in delivering integrated payroll and time solutions. Through this acquisition, Securax's capabilities in providing advanced cloud-driven time, attendance, and workforce management software and biometric devices would strengthen ADP to offer solutions in the APAC region supporting ADP to deliver clients and their employees a better experience in the tracking of leave and time alongside management of shifts and overtime.
Jul-2022: IBM took over Databand.ai, a data observability enterprise, to boost IBM's hybrid cloud and AI offerings. Through this acquisition, the combined power of Databand's data observability platform and IBM Observability by Instana APM and IBM Watson Studio would empower IBM to deliver improved observability tools all over IT operations.
Jul-2022: SAP SE acquired Askdata, a search-driven analytics solutions provider, enabling enterprises to make improved informed decisions utilizing the power of AI-driven natural language searches. With this acquisition, Askdata's IP power would be leveraged by the SAP Business Technology Platform providing a next-generation lightweight analytics experience to SAP Analytics Cloud solution customers beneficial in making better decisions.
May-2022: Cornerstone OnDemand took over EdCast, a unified SaaS platform powering end-to-end employee experience journeys, for the integration of talent and HR systems. With this acquisition, EdCast's expertise in providing businesses AI-powered knowledge and learning content management services would be leveraged by Cornerstone in delivering an open growth marketplace enabling enterprises to combine their current talent and HR systems through intelligent data and AI tech architecture.
May-2022: Salesforce completed the acquisition of Troops, a bot-centered software service provider, for the creation of useful Slack bots. With this acquisition, Troops would become part of Slack, a Salesforce company. Moreover, with this acquisition, Salesforce would leverage the power of Troops in designing tools that offer real-time insights from systems of record to systems of engagement, to integrate tools and workflows on a single platform.
Jan-2022: Workday took over VNDLY, a managed services provider Workforce Management Platform, allowing businesses to better management of their changing workforce dynamics. Through this acquisition, VNDLY's advanced solutions for the vendor management industry would be combined with Workday's Financial Management and Workday Human Capital Management offerings to support Workday's customers with the capability to easily manage both permanent and external/consulting workforce.
Market Segments covered in the Report:
By Component
By Vertical
By Organization size
By Deployment Mode
By Geography
Companies Profiled
Unique Offerings from KBV Research
List of Figures