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HR Analytics Market By Component (Solutions, Services), By Deployment Mode (On-Premise, Cloud), By Application (Payroll, Recruitment, Retention, Workforce & Employee Management, Employee Development), By End-Use Vertical (Consumer Goods And Retail, IT And Telecom, Healthcare, Education, Others) – Growth, Future Prospects, And Competitive Landscape, 2019 – 2027

Summary
Table Of Content

Overview:

The global HR analytics market garnered a value of US$ 2.33 Bn in 2018 and is likely to witness noteworthy growth, with a CAGR of 12.8% during the forecast period from 2019 to 2027. Analytics has changed and has been continuously changing how every department in an organization does business. It has helped discover, interpret, and communicate meaningful patterns in data. For example, HR analytics collects employees’ data, from their work history to their employee satisfaction scores, and instills this information into advanced computer models. Using the requisite algorithms, these models churn out insights that HR leaders can use to make critical decisions.

Over the recent years, the adoption of analytical technology has moved static HR management solutions to the more real-time, dynamic cloud and mobile-based tools and platforms. In addition, these solutions are being integrated into various areas such as collaboration, recruitment, performance management, learning, productivity, wellness, etc. As a result, the growing need amongst organizations to augment profitability by reducing the associated operational costs with HR processes is likely to drive the growth of the market for HR analytics in the foreseeable future.

Market Snapshot

HR Analytics Solution Garnered the Largest Market Share in 2018

In 2018, based on components, the solution segment led the market and is expected to retain its dominance in future years. The use of HR analytics is significantly transforming human resource strategy. With time, HR analytics solutions are seen as one critical tool shaping the future business strategy. The globalization of businesses, changing demographics, and patterns of mobility alter continuously, changing the nature of work and the worker. Due to this change, HR is required to become the provider of human capital analytics, which helps them plan, develop, hire, retain, and engage key talents and make strategic business decisions. As a result, various organizations across the globe are implementing HR analytics solutions that help their HR department improve the employee’s overall experience and involve them in various activities that help them grow better. Consequently, a significant increase in the adoption of HR analytics solutions is expected to lift the market’s overall growth during the forecast period.

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The adoption rate of HR analytics in North America has been strong.

In 2018, North America garnered the largest market share in the HR analytics market and will continue with its supremacy during the forecast period from 2019 to 2027. In recent years, the adoption of HR analytics in North America has become stronger and higher in comparison to other regions. In the overall regional market, 22% of companies have espoused HR analytics, and 11% have adopted the role. The industries with the most prevalent adoption of HR analytics are tech-software and finance. Also, as the region is an early adopter of new technologies and a major hub for technological innovations, various organizations in the region are incessantly focusing on improving their workforce efficiency and are employing the best practices for HR setups. Moreover, the presence of some leading players in the region, including Oracle Corporation, International Business Machines Corporation, Workday, Inc., etc., is altogether supporting the adoption of HR analytics.

Competitive Insights

The major players identified in the HR analytics market include Oracle Corporation, SAP SE, Workday, Inc., The Sage Group plc, Kronos Incorporated, MicroStrategy Incorporated, International Business Machines Corporation, Tableau Software, Zoho, Crunchr, Visier Inc., GainInsights, Sisense Inc., and Talensoft among others. The players in the HR analytics market are continually focusing on expanding their reach and strengthening their product portfolio to cater to the clientele’s needs and sustain their foremost place in the market. New product development, product innovation, and partnerships are key strategies implemented by the players in the HR analytics market.

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

HR analytics market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global HR analytics market based on component, deployment mode, application, end-use vertical, and geography. Key segments covered in the report are as follows:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global HRA Market
2.2. Global HRA Market, by Component, 2018 (US$ Bn)
2.3. Global HRA Market, Deployment Mode, 2018 (US$ Bn)
2.4. Global HRA Market, Application, 2018 (US$ Bn)
2.5. Global HRA Market, End-use Vertical, 2018 (US$ Bn)
2.6. Global HRA Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global HRA Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global HR Analytics (HRA) Market, by Component , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Solutions
4.3. Services

5. Global HR Analytics (HRA) Market, Deployment Mode, 2017-2027 (US$ Bn)
5.1. Overview
5.2. On-premise
5.3. Cloud

6. Global HR Analytics (HRA) Market, Application, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Payroll
6.3. Recruitment
6.4. Retention
6.5. Workforce & Employee Management
6.6. Employee Development

7. Global HR Analytics (HRA) Market, End-use Vertical, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Banking, Financial Services & Insurance (BFSI)
7.3. Consumer Goods and Retail
7.4. IT and Telecom
7.5. Healthcare
7.6. Education
7.7. Others (Manufacturing, etc.)

8. North America HR Analytics (HRA) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America HRA Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America HRA Market Value, By Component, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America HRA Market Value, Deployment Mode, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America HRA Market Value, By Application, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America HRA Market Value, End-use Vertical, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America HRA Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe HR Analytics (HRA) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe HRA Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe HRA Market Value, By Component, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe HRA Market Value, Deployment Mode, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe HRA Market Value, By Application, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe HRA Market Value, End-use Vertical, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe HRA Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific HR Analytics (HRA) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific HRA Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific HRA Market Value, By Component, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific HRA Market Value, Deployment Mode, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific HRA Market Value, By Application, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific HRA Market Value, End-use Vertical, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific HRA Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World HR Analytics (HRA) Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World HRA Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World HRA Market Value, By Component, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World HRA Market Value, Deployment Mode, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World HRA Market Value, By Application, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World HRA Market Value, End-use Vertical, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World HRA Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. Oracle Corporation
12.2. SAP SE
12.3. Workday, Inc.
12.4. The Sage Group plc
12.5. Kronos Incorporated
12.6. MicroStrategy Incorporated
12.7. International Business Machines Corporation
12.8. Tableau Software
12.9. Zoho
12.10. Crunchr
12.11. Visier, Inc.
12.12. GainInsights
12.13. Sinsense, Inc.
12.14. Talensoft

List of Figures

FIG. 1 Global HR Analytics (HRA) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global HRA Market Segmentation
FIG. 4 Global HRA Market, by Component, 2018 (US$ Bn)
FIG. 5 Global HRA Market, by Deployment Mode, 2018 (US$ Bn)
FIG. 6 Global HRA Market, by Application, 2018 (US$ Bn)
FIG. 7 Global HRA Market, by End-use Vertical, 2018 (US$ Bn)
FIG. 8 Global HRA Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key HRA Market Manufacturers, 2018
FIG. 11 Global HRA Market Value Share, by Component, 2018 & 2027 (Value %)
FIG. 12 Global HRA Solutions Market, 2017–2027 (US$ Bn)
FIG. 13 Global HRA Services Market, 2017–2027 (US$ Bn)
FIG. 14 Global HRA Market Value Share, by Deployment Mode, 2018 & 2027 (Value %)
FIG. 15 Global On-premise HRA Market, 2017–2027 (US$ Bn)
FIG. 16 Global Cloud HRA Market, 2017–2027 (US$ Bn)
FIG. 17 Global HRA Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 18 Global HRA Market for Payroll, 2017–2027 (US$ Bn)
FIG. 19 Global HRA Market for Recruitment, 2017–2027 (US$ Bn)
FIG. 20 Global HRA Market for Workforce & Employee Management, 2017–2027 (US$ Bn)
FIG. 21 Global HRA Market for Employee Development, 2017–2027 (US$ Bn)
FIG. 22 Global HRA Market Value Share, by End-use Vertical, 2018 & 2027 (Value %)
FIG. 23 Global HRA Market for BFSI, 2017–2027 (US$ Bn)
FIG. 24 Global HRA Market for Consumer Goods & Retail, 2017–2027 (US$ Bn)
FIG. 25 Global HRA Market for IT & Telecom, 2017–2027 (US$ Bn)
FIG. 26 Global HRA Market for Healthcare, 2017–2027 (US$ Bn)
FIG. 27 Global HRA Market for Education, 2017–2027 (US$ Bn)
FIG. 28 Global HRA Market for Others, 2017–2027 (US$ Bn)
FIG. 29 North America HRA Market, 2017–2027 (US$ Bn)
FIG. 30 Europe HRA Market, 2017–2027 (US$ Bn)
FIG. 31 Asia Pacific HRA Market, 2017–2027 (US$ Bn)
FIG. 32 RoW HRA Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global HR Analytics (HRA) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global HRA Market, by Component, 2017–2027 (US$ Bn)
TABLE 5 Global HRA Market, by Deployment Mode, 2017–2027 (US$ Bn)
TABLE 6 Global HRA Market, by Application, 2017-2027 (US$ Bn)
TABLE 7 Global HRA Market, by End-use Vertical, 2017-2027 (US$ Bn)
TABLE 8 Global HRA Market, by Geography, 2017–2027 (US$ Bn)
TABLE 9 North America HRA Market, by Component, 2017–2027 (US$ Bn)
TABLE 10 North America HRA Market, by Deployment Mode, 2017–2027 (US$ Bn)
TABLE 11 North America HRA Market, by Application, 2017-2027 (US$ Bn)
TABLE 12 North America HRA Market, by End-use Vertical, 2017-2027 (US$ Bn)
TABLE 13 North America HRA Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Europe HRA Market, by Component, 2017–2027 (US$ Bn)
TABLE 15 Europe HRA Market, by Deployment Mode, 2017–2027 (US$ Bn)
TABLE 16 Europe HRA Market, by Application, 2017-2027 (US$ Bn)
TABLE 17 Europe HRA Market, by End-use Vertical, 2017-2027 (US$ Bn)
TABLE 18 Europe HRA Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific HRA Market, by Component, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific HRA Market, by Deployment Mode, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific HRA Market, by Application, 2017-2027 (US$ Bn)
TABLE 22 Asia Pacific HRA Market, by End-use Vertical, 2017-2027 (US$ Bn)
TABLE 23 Asia Pacific HRA Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 24 Rest of the World HRA Market, by Component, 2017–2027 (US$ Bn)
TABLE 25 Rest of the World HRA Market, by Deployment Mode, 2017–2027 (US$ Bn)
TABLE 26 Rest of the World HRA Market, by Application, 2017-2027 (US$ Bn)
TABLE 27 Rest of the World HRA Market, by End-use Vertical, 2017-2027 (US$ Bn)
TABLE 28 Rest of the World HRA Market, by Region, 2017–2027 (US$ Bn)
TABLE 29 Oracle Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 SAP SE: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Workday, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 The Sage Group plc: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Kronos Incorporated: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 MicroStrategy Incorporated: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 International Business Machines Corporation.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Tableau Software: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 37 Zoho: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 38 Crunchr: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 39 Visier, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 40 GainInsights: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 41 Sisense, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 42 Talensoft: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

Frequently Asked Questions

What is the size of HR Analytics Market?

The market for HR Analytics Market is expected to reach US$ XX Bn in 2027.

What is the HR Analytics Market CAGR?

The HR Analytics Market is expected to see significant CAGR growth over the coming years, at 12.8%.

What is the Forecast period considered for HR Analytics Market?

The report is forecasted from 2019-2027.

What is the base year considered for HR Analytics Market?

The base year of this report is 2018.

Who are the major players in this market?

Oracle Corporation, SAP SE, Workday, Inc., The Sage Group plc, Kronos Incorporated are some of the major players in the global market.

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