NEW YORK, Feb. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The workforce analytics market and it is set to grow by USD 3.27 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 19.1% during the forecast period, according to Technavio. The workforce analytics market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market. Accenture PLC, Automatic Data Processing Inc., Brightfield, Bullhorn Inc., Ceridian HCM Holding Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., International Business Machines Corp., Jobvite Inc., Koch Industries Inc., Kronos Inc., New Mountain Capital Group, L.P., Oracle Corp., Paycor HCM Inc., PredictiveHR Inc., Salesforce Inc., SAP SE, Visier Inc., Workday Inc., and WorkForce Software LLC are some of the major market participants -. To know about the vendor offerings – Request a sample report
Workforce Analytics Market 2025-2029: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The workforce analytics market report covers the following areas:
- Workforce Analytics Market Size
- Workforce Analytics Market Trends
- Workforce Analytics Market Industry Analysis
- Porter’s Five Forces Analysis
- Customer Landscape
The workforce analytics market is fragmented, and the degree of fragmentation will accelerate. The demand for efficient workforce management and recruitment will offer immense growth opportunities. However, the Lack of skilled workforce will hamper the market growth
Workforce Analytics Market 2025-2029: Drivers & Challenges
The Workforce Analytics Market is experiencing significant growth due to the increasing importance of people data in driving productivity and performance. With the help of Predictive Workforce Analytics, HR teams can use Data Mining and Regression Analysis for Turnover Modeling and Risk Assessment. HR analytics tools provide Real-time Talent Decisions, Performance Improvement, and Evaluation. Big Data Analytics and Artificial Intelligence enable Pattern Matching and Machine Learning for identifying Talent Gaps and Career Progression. HR teams can also leverage Hiring Teams, Compensation Management, and Development and Training for Employment and Compensation and Benefits. Workforce performance improvement is key, with On-cloud and On-premises solutions available for Professional Services and Managed Services. Workplace trends require constant attention for Hiring, Dismissing, and Employee Collaboration. Long-term labor issues are addressed through Performance Data and HR Data analysis.
In today’s dynamic business landscape, workforce analytics has become a crucial tool for large enterprises in IT and telecommunication to optimize their human resources. However, implementing workforce analytics comes with its challenges. One major challenge is the integration of new technologies like blockchain and AI into HR analytics tools. Another challenge is managing the work-from-home model and ensuring employee engagement. Managers need real-time talent decisions for planning improvement and employee performance, but data security is a concern. Employees’ people data must be mined for productivity indexing, predictive workforce analytics, and turnover modeling. HR teams must navigate hiring, dismissing, and career progression with the help of big data analytics and ML. Data security, employee experience, and performance anxieties are key areas of focus. HR analytics tools provide regression analysis, pattern matching, and risk assessment to improve productivity and employee retention. Companies can choose between on-cloud and on-premises solutions based on their needs. Professional and managed services can help with the implementation and management of these solutions. Workplace trends continue to evolve, requiring continuous adaptation and innovation.
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Segment Overview
This workforce analytics market report extensively covers market segmentation by
- End-user
- Retail
- BFSI
- Telecom And IT
- Healthcare
- Others
- Application
- Large Enterprises
- Small And Medium Sized Enterprise
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
1.1 Retail- The Workforce Analytics market is a significant business solution that helps organizations effectively manage their human resources. It utilizes data and analytics to optimize workforce performance, improve productivity, and reduce costs. By providing insights into employee engagement, turnover rates, and skill gaps, Workforce Analytics enables informed decision-making and strategic workforce planning. This market continues to grow, offering various tools and services to meet the evolving needs of businesses.
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Workforce Analytics Market 2025-2029: Key Highlights
- CAGR of the market during the forecast period 2025-2029
- Detailed information on factors that will assist workforce analytics market growth during the next five years
- Estimation of the workforce analytics market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the workforce analytics market across North America, Europe, APAC, South America, and Middle East and Africa
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of workforce analytics market vendors
| Workforce Analytics Market Scope | |
| Report Coverage | Details |
| Base year | 2024 |
| Historic period | 2017-2021 |
| Forecast period | 2025-2029 |
| Growth momentum & CAGR | Accelerate at a CAGR of 19.1% |
| Market growth 2025-2029 | USD 3274 million |
| Market structure | Fragmented |
| YoY growth 2022-2023 (%) | 16.4 |
| Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
| Performing market contribution | North America at 33% |
| Key countries | US, Canada, China, Germany, UK, India, France, Japan, Italy, and South Korea |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | Accenture PLC, Automatic Data Processing Inc., Brightfield, Bullhorn Inc., Ceridian HCM Holding Inc., Cisco Systems Inc., Cornerstone OnDemand Inc., International Business Machines Corp., Jobvite Inc., Koch Industries Inc., Kronos Inc., New Mountain Capital Group, L.P., Oracle Corp., Paycor HCM Inc., PredictiveHR Inc., Salesforce Inc., SAP SE, Visier Inc., Workday Inc., and WorkForce Software LLC |
| Market dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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