Product Code: GVR-4-68038-242-6
HR Analytics Market Growth & Trends
The global HR analytics market size is expected to reach USD 8.59 billion by 2030, growing at a CAGR of 14.8% from 2023 to 2030, according to the new reports of Grand View Research, Inc. The increasing adoption of automation and digitization of HR operations to create agile and effective approaches is expected to drive the market demand over the forecast period. HR analytics enables businesses to assess the impact of people's policies on their bottom line, as well as detect future trends and develop future skills. Implementing the latest technologies, such as Artificial Intelligence (AI), advanced analytics, and Machine Learning (ML), helps in employee retention and engagement to enhance and improve HR operations, which is expected to drive market growth.
HR analytics solutions can handle tremendous amounts of data, and it helps organizations to achieve an efficient recruiting process. Organizations can leverage advanced analytics to improve scouting talent, performance improvement recruiting, boosting employee happiness, training, hiring, onboarding, attrition, employee demographics, and retention. Better analytical capabilities emerge from more data collection, and predictive analytics technology enables synchronous and real-time intervention, which is why businesses use analytics tools. They can shorten the time it takes for recruiters to review and sort through many resumes. These benefits provided by HR analytics will supplement the market growth during the forecast period.
HR analytics solutions and services ease complex compensation planning, allowing businesses to improve budget allocations and support compensation decisions while adhering to organizational guidelines. Furthermore, organizations all over the world are establishing a digital workplace that allows for flexibility, mobility, and the use of modern communication tools. For instance, in May 2022, IBM Corp. partnered with Ernst & Young Global Ltd. to assist businesses in addressing workforce challenges post-COVID-19 pandemic. Both companies established the Talent Center of Excellence (COE) to develop hybrid cloud-based AI solutions for HR and payroll transformation services.
HR Analytics Market Report Highlights
- The talent analytics segment will register a CAGR of over 16.9% during the forecast period due to the need for businesses to attract the right talent with the help of technologies, such as AI, ML, and deep learning
- The support & maintenance segment is expected to witness a significant CAGR of 17.9% during the forecast period. The demand is expected to rise due to the growing need for timely system patching and security updates
- The hosted segment is expected to observe a CAGR of 17.7% during the forecast period.It enables businesses to access data from any connected device at any time, expanding the scope for customization and enabling the implementation of analytical tools across multiple business channels. These advantages will contribute to the segment's growth over the forecast period
- The Small & Medium Enterprises (SMEs) segment is expected to observe a CAGR of 16.5% during the forecast period. With the help of HR analytics, SMEs can control their solutions across multiple geographies and manage multiple employees. At the same time, they can build on their existing strengths to enhance employee satisfaction and workplace culture in the long run. These benefits will drive the segment growth
- The retail segment is expected to witness a CAGR of 17.3% during the forecast period. Companies in retail are experimenting with new ways to gain remote access to their assets, customers, resources, and required data by utilizing various IT services. This has undoubtedly increased the rate of adoption of HR analytics solutions
- Asia Pacific is expected to witness significant growth of a CAGR of 16.8% during the forecast period. A rise in the number of automation initiatives being conducted to improve organizational productivity and the presence of a skilled & large labor force is estimated to drive the regional market
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Methodology Segmentation & Scope
- 1.2. Information procurement
- 1.2.1. Purchased database
- 1.2.2. GVR's internal database
- 1.2.3. Secondary sources & third-party perspectives
- 1.2.4. Primary research
- 1.3. Information analysis
- 1.3.1. Data analysis models
- 1.4. Market formulation & data visualization
- 1.5. Data validation & publishing
Chapter 2. Executive Summary
- 2.1. HR Analytics Market - Market Snapshot, 2018 - 2030
- 2.2. HR Analytics Market - Solution Snapshot, 2018 - 2030
- 2.3. HR Analytics Market - Service Snapshot, 2018 - 2030
- 2.4. HR Analytics Market - Deployment Snapshot, 2018 - 2030
- 2.5. HR Analytics Market - Enterprise Size Snapshot, 2018 - 2030
- 2.6. HR Analytics Market - End Use Snapshot, 2018 - 2030
- 2.7. HR Analytics Market - Competitive Snapshot
Chapter 3. HR Analytics Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint/Challenge Analysis
- 3.3.3. Market Opportunity Analysis
- 3.4. Business Environment Analysis Tools
- 3.4.1. Porter's Five Forces Analysis
- 3.4.2. PEST Analysis
- 3.5. COVID-19 Impact Analysis
Chapter 4. HR Analytics Market Solution Outlook
- 4.1. HR Analytics Market Share by Solution, 2022 & 2030 (USD Billion)
- 4.2. Employee Engagement & Development
- 4.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Payroll & Compensation
- 4.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.4. Recruitment
- 4.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Retention
- 4.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.6. Talent Analytics
- 4.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.7. Workforce Planning
- 4.7.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.8. Others
- 4.8.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. HR Analytics Market Service Outlook
- 5.1. HR Analytics Market Share by Service, 2022 & 2030 (USD Billion)
- 5.2. Implementation & Integration
- 5.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. Support & Maintenance
- 5.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.4. Training & Consulting
- 5.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. HR Analytics Market Deployment Outlook
- 6.1. HR Analytics Market Share by Deployment, 2022 & 2030 (USD Billion)
- 6.2. Hosted
- 6.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. On-premise
- 6.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. HR Analytics Market Enterprise Size Outlook
- 7.1. HR Analytics Market Share by Enterprise Size, 2022 & 2030 (USD Billion)
- 7.2. Large Enterprise
- 7.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3. Small & Medium Enterprise (SME)
- 7.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. HR Analytics Market End-Use Outlook
- 8.1. HR Analytics Market Share by End-Use, 2022 & 2030 (USD Billion)
- 8.2. Academia
- 8.2.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.3. BFSI
- 8.3.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.4. Government
- 8.4.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.5. Healthcare
- 8.5.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.6. IT & Telecom
- 8.6.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.7. Manufacturing
- 8.7.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.8. Retail
- 8.8.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
- 8.9. Others (Government, Transportation & Logistics, Energies & Utilities, Travel and Hospitality, and Media and Entertainment)
- 8.9.1. Market size estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 9. HR Analytics Market: Regional Outlook
- 9.1. HR Analytics Market Share by Region, 2022 & 2030 (USD Billion)
- 9.2. North America
- 9.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.2.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.2.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.2.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.2.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.2.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.2.7. U.S.
- 9.2.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.2.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.2.7.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.2.7.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.2.7.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.2.7.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.2.8. Canada
- 9.2.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.2.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.2.8.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.2.8.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.2.8.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.2.8.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.3. Europe
- 9.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.3.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.3.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.3.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.3.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.3.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.3.7. UK
- 9.3.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.3.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.3.7.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.3.7.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.3.7.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.3.7.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.3.8. Germany
- 9.3.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.3.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.3.8.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.3.8.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.3.8.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.3.8.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.3.9. France
- 9.3.9.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.3.9.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.3.9.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.3.9.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.3.9.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.3.9.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.3.10. Italy
- 9.3.10.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.3.10.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.3.10.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.3.10.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.3.10.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.3.10.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.3.11. Spain
- 9.3.11.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.3.11.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.3.11.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.3.11.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.3.11.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.3.11.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.4. Asia Pacific
- 9.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.4.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.4.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.4.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.4.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.4.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.4.7. China
- 9.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.4.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.4.7.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.4.7.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.4.7.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.4.7.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.4.8. India
- 9.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.4.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.4.8.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.4.8.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.4.8.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.4.8.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.4.9. Japan
- 9.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.4.9.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.4.9.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.4.9.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.4.9.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.4.9.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.4.10. Australia
- 9.4.10.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.4.10.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.4.10.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.4.10.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.4.10.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.4.10.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.4.11. South Korea
- 9.4.11.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.4.11.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.4.11.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.4.11.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.4.11.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.4.11.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.5. Latin America
- 9.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.5.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.5.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.5.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.5.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.5.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.5.7. Brazil
- 9.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.5.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.5.7.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.5.7.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.5.7.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.5.7.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.5.8. Mexico
- 9.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.5.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.5.8.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.5.8.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.5.8.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.5.8.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.5.9. Argentina
- 9.5.9.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.5.9.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.5.9.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.5.9.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.5.9.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.5.9.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.6. Middle East & Africa
- 9.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.6.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.6.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.6.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.6.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.6.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.6.7. UAE
- 9.6.7.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.6.7.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.6.7.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.6.7.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.6.7.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.6.7.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.6.8. Saudi Arabia
- 9.6.8.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.6.8.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.6.8.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.6.8.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.6.8.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.6.8.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
- 9.6.9. South Africa
- 9.6.9.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
- 9.6.9.2. Market estimates and forecast by solution, 2018 - 2030 (USD Billion)
- 9.6.9.3. Market estimates and forecast by service, 2018 - 2030 (USD Billion)
- 9.6.9.4. Market estimates and forecast by deployment, 2018 - 2030 (USD Billion)
- 9.6.9.5. Market estimates and forecast by enterprise size, 2018 - 2030 (USD Billion)
- 9.6.9.6. Market estimates and forecast by end use, 2018 - 2030 (USD Billion)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization (Mature Players, Emerging Players)
- 10.2. Company Ranking/Share Analysis, 2022
- 10.3. Heat Map Analysis, 2022
- 10.4. Strategy Mapping
- 10.5. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
- 10.5.1. Cegid
- 10.5.2. Crunchr
- 10.5.3. GainInsights
- 10.5.4. IBM Corporation
- 10.5.5. Infor
- 10.5.6. MicroStrategy Incorporated
- 10.5.7. Oracle Corporation
- 10.5.8. Sage Software Solutions Pvt Ltd.
- 10.5.9. SAP SE.
- 10.5.10. Sisense Inc.
- 10.5.11. TABLEAU SOFTWARE, LLC.
- 10.5.12. UKG Inc.
- 10.5.13. Visier, Inc.
- 10.5.14. Workday, Inc.
- 10.5.15. Zoho Corporation Pvt. Ltd.