市場調查報告書
商品編碼
1276637
全球勞動力分析市場規模、份額、行業趨勢分析報告:按組成部分、行業、組織規模(大型企業、中小企業)、部署模式、地區展望和預測,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 |
勞動力分析市場規模預計在預測期內以 17.4% 的複合年增長率增長,到 2029 年達到 49 億美元。
通過使用機器學習和區塊鏈技術,勞動力分析預計將為市場擴張提供有利可圖的潛力。 基於 AI 的勞動力分析解決方案、對大量 HR 數據的訪問以及數據源的興起。 越來越多地使用數據進行戰略性勞動力規劃、贏得競爭、解決長期勞動力問題以及確保員工敬業度和滿意度等趨勢是推動市場增長的主要原因。我來了。
通過監控這些信息,分析人員可以確定管理層為員工所做的努力的結果,例如製定改進計劃、解決問題、設定期望和披露對績效的擔憂。可以對其進行評估。 此外,評估員工績效可以讓管理者確定需要發展的領域,以及哪些員工達到或超過了預期。
COVID-19 影響分析
COVID-19 全球緊急事件對幾乎每個行業都產生了重大影響,勞動力分析市場也不例外。 在 COVID-19 期間,對互聯網上可用的計算機網絡、應用程序、存儲和資源的需求大大增加。 在 COVID-19 關閉期間,隨著各國人們在家工作,對互聯網應用程序的需求顯著增加。 現在對基於雲的解決方案的需求正在飆升。 勞動力分析市場將受到對基於雲的解決方案不斷增長的需求的推動。
市場增長因素
結合 ML、NLP 和 AI 等技術
勞動力分析軟件可以通過採用自然語言處理(人工智能的一個子集)來理解人類的口語和書面語言。 例如,招聘聊天機器人可以很容易地立即與求職者溝通,首先要求求職者提供簡歷和聯繫方式,然後篩選有關技能、知識和經驗的問題。 它還安排與人力招聘人員的面試。 因此,將 AI 和 NLP 納入您的勞動力分析解決方案可實現自動簡歷匹配,並通過選擇具有最合適資格和教育背景的人員來加快選擇過程。 因此,人工智能和機器學習在勞動力分析中的應用有望在預測期內推動市場擴張。
更偏好數據驅動的決策
隨著勞動力管理的複雜性增加,採用量化方法來處理複雜性的大門正在打開。 例如,公司正在採用大數據技術來刺激增長。 因此,公司認為大數據技術具有提高員工保留率的巨大潛力。 分析可以揭示員工行為並幫助您發現可能很快離開公司的員工。 此外,數據分析可以總結員工行為,幫助企業做出更明智的人才決策。 因此,大數據分析和其他尖端工具將被更頻繁地使用,從而促進市場擴張。
市場製約因素
缺乏熟練的專業人員阻礙了市場增長
公司需要大數據和精通技術的人員來管理支持業務增長的海量數據。 但是開發和投資數據分析的公司發現很難找到合格的員工來執行他們的計劃。 這使得服務提供商難以滿足不斷擴大的客戶群的需求,阻礙了勞動力分析市場的發展。
組件視角
勞動力分析市場根據組件細分為解決方案和服務。 到 2022 年,解決方案部門將在勞動力分析市場中佔據最高的收入份額。 勞動力分析使公司能夠評估來自各種人力資源系統的勞動力數據,並從分析中得出結論。 因此,公司可以利用勞動力分析來發現吸引、留住和招聘員工的理想方式。 此外,人力資源部門可以根據數據做出更好的決策。 它還可以改善整體員工體驗並提高敬業度。
組織前景
按組織劃分,勞動力分析市場分為大型企業和小型企業。 大型企業部門在 2022 年以最大的收入份額主導了勞動力分析市場。 這是因為勞動力分析使得以低成本評估如此大量的數據成為可能。 此外,這些技術使公司能夠管理大型員工數據庫並提供對世界任何地方員工信息的實時訪問。
行業展望
按垂直方向,勞動力分析市場細分為 IT 和電信、BFSI、製造、零售和電子商務、政府、醫療保健和生命科學、教育、能源和公用事業等。 2022 年,BFSI 部門在勞動力分析市場中佔據了很大的收入份額。 由於競爭壓力和監管改革,該行業正在經歷重大顛覆。 該行業面臨著獨特的挑戰,例如信息安全威脅、法律要求和有限的業務利潤。 這些挑戰促使 BFSI 部門為員工協會、重組運營和降低勞動力成本採用勞動力分析。
部署模式展望
勞動力分析市場按部署模式分為雲端和本地。 到 2022 年,雲部分在勞動力分析市場中佔據了很大的收入份額。 原因是雲驅動的部署提供了靈活性、有效性和成本效益。 此外,您可以為您的用戶提供一個可以從不同位置訪問的出色平台。 由於這些優勢,用戶更喜歡基於雲的軟件,而不是安裝和升級成本高昂的本地軟件。
區域展望
按地區劃分,對北美、歐洲、亞太地區和 LAMEA 的勞動力分析市場進行了分析。 到 2022 年,北美地區將以最大的收入份額引領勞動力分析市場。 該地區技術含量高,能夠快速採用新的創新技術。 北美的市場主導地位也歸功於大量提供分析解決方案的區域性公司。
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