The Workforce Analytics Market size was valued at USD 2.34 billion in 2022 and is projected to reach USD 6.91 billion in 2030 with a growing CAGR of 14.51% Over the Forecast Period of 2023-2030.
Workforce analytics refers to a comprehensive set of data analytics solutions designed to enhance workforce performance evaluation and improvement. It encompasses the evaluation of staffing, employment, employee development, and training, as well as compensation and benefits. The market for workforce analytics includes various applications such as workforce planning, compensation management, performance and talent management, recruitment, and employee collaboration and engagement. the demand for advanced analytical solutions is on the rise due to the challenges organizations encounter when analyzing the vast amounts of data related to their employees. This factor is anticipated to significantly contribute to the growth of the workforce analytics market.
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Drivers
There is a rising trend in utilizing data for strategic workforce planning. This enables organizations to make informed decisions regarding their workforce, leading to improved efficiency and productivity.
Integration of Artificial Intelligence (AI) and Machine Learning (ML) with Workforce Analytics to Drive Market Growth
Workforce analytics is a data-driven approach to managing employees in the workplace. It utilizes statistical and data analysis methods to help companies enhance employee performance, engagement, and retention. In recent times, the market has experienced a surge in growth due to the increasing availability of data and the adoption of cutting-edge technologies like ML and AI.
Enterprises are now leveraging ML and AI to automate the process of analyzing workforce data, enabling them to identify patterns and trends that would otherwise be difficult to detect. These valuable insights can then be used to make informed decisions about enhancing performance, managing employees, and nurturing talent within the organization.
Consequently, the integration of AI and ML in workforce analytics is expected to drive significant market growth in the foreseeable future.
Restrains
Obstacles in the form of high installation costs for software are poised to hinder the expansion of the market.
Concerns regarding data privacy and compliance.
A critical area for improvement lies in the execution process of integrating this product into companies. The lack of comprehensive product information results in inadequate personalization, thereby impeding the effectiveness and productivity of the implementation strategy. Moreover, the amalgamation of data from diverse sources, concerns surrounding data privacy and compliance, and a dearth of analytical skills are expected to impede market growth during the forecast period. Furthermore, the substantial costs associated with implementation are likely to decelerate the pace of market expansion.
Opportunities
Incorporating cutting-edge technology like NLP with workforce analytics
Challenges
Need for consolidating data from diverse sources, a dearth of analytical skills
With increased geopolitical tensions, concerns about data security and privacy may rise. Organizations may become more cautious about sharing sensitive workforce data, especially if they are operating in regions directly impacted by the conflict. The conflict can impact talent mobility, especially if it leads to political instability or mass migrations of people. This can affect workforce planning and require adjustments in workforce analytics strategies. If the conflict leads to more remote work due to security concerns or other factors, there may be an increased demand for workforce analytics tools that can monitor and optimize remote work performance. Changes in government regulations or trade policies as a result of the conflict can affect the legal framework within which workforce analytics operates. New regulations may require compliance adjustments. The demand for workforce analytics solutions may change based on the industries affected by the conflict. For example, industries closely tied to defense or energy may see increased demand, while others could experience a downturn. Businesses may need to reevaluate their vendor and partner relationships in light of the conflict. This can impact the selection of workforce analytics vendors and the development of strategic partnerships.
Impact of Recession
Recessions often lead to layoffs and downsizing as companies try to reduce costs. In such scenarios, workforce analytics can become even more critical as companies seek to optimize their remaining workforce. However, the market might experience a slowdown initially as companies deal with the immediate crisis before focusing on analytics solutions. In times of economic downturn, companies are more likely to prioritize efficiency and productivity. Workforce analytics can help in identifying areas where efficiency improvements can be made, and this may drive demand for such solutions. Recessions can prompt companies to reevaluate their workforce strategies. They may need to shift their focus from hiring to workforce optimization, succession planning, and talent development. Workforce analytics can play a vital role in aiding these strategic decisions. Predictive analytics can be especially valuable during uncertain economic times. Organizations may increasingly turn to workforce analytics for forecasting workforce needs and identifying potential risks and opportunities. Companies may need to pivot their workforce to adapt to changing market conditions. Workforce analytics can assist in identifying skill gaps and helping employees acquire new skills. Recessions can lead to increased scrutiny of labor and employment laws. Workforce analytics can help companies ensure compliance and mitigate risks associated with workforce-related legal issues.
By Component
Solution
Service
By Organization Size
Large Enterprises
SMEs
By Deployment
On-Premise
Cloud
By Industry Vertical
BFSI
Manufacturing
Healthcare
Government
Retail
IT and Telecom
Education
Others
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North America emerged as the dominant force in the market, capturing an impressive 41% of the global share. Renowned for its technological prowess, the region eagerly embraces new innovations, making it a frontrunner in the adoption of cutting-edge technologies. Furthermore, the presence of numerous organizations offering analytics solutions in North America contributes significantly to its unrivaled position in the global market. The Asia Pacific region is poised to experience a rapid surge in revenue growth throughout the forecast period, presenting immense potential for market expansion. The escalating adoption and implementation of advanced technologies, particularly cloud-based solutions, drive the demand for this software in the region. Additionally, the Asia Pacific workforce analytics market share is bolstered by the increasing number of partnerships and collaborations among local enterprises, aimed at delivering superior solutions.
Europe, on the other hand, secures the second-highest share of the global market. This can be attributed to the mounting concerns surrounding the management of vast amounts of data, the need to reduce labor costs, enhance operational efficiencies, and the development of digital technologies such as cloud computing, Big Data, 5G, mobile platforms, and advanced analytics platforms.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players in the market are International Business Machines Corporation, Oracle Corporation, Workday, Inc., Visier Inc., SAP SE, Cornerstone OnDemand, Inc., Kronos Incorporated, Tableau Software, ADP, LLC., WorkForce Software, LLC., Kronos Incorporated, and others in the final report.
In March 2022, IBM unveiled a groundbreaking cloud service, revolutionizing the industry by offering key management capabilities to safeguard data across multiple clouds. This innovative solution empowers businesses to effectively mitigate the ever-increasing risk of cyber-attacks, bolstering their security measures.
June 20, 2023, Hewlett Packard Enterprise (NYSE: HPE), made a groundbreaking announcement. They revealed a remarkable expansion of their offerings and innovations across various domains, including the HPE GreenLake edge-to-cloud platform, hybrid cloud services, private cloud portfolio, and partner ecosystem.
This expansion signifies HPE's commitment to delivering cutting-edge solutions and enhancing its already impressive range of services.
In April 2020, Accenture acquired Symantec's cybersecurity services business from Broadcom Inc. This acquisition has significantly bolstered Accenture Security, enhancing its ability to assist organizations in detecting, anticipating, and responding to cyber threats.
In September 2020, IBM made an exciting announcement regarding the introduction of IBM Cloud Hyper Protect Crypto Services. This innovative cloud encryption service offers exceptionally secure key management and data encryption capabilities, ensuring the utmost protection for sensitive information.
In October 2020, Fortinet unveiled its latest offering, the FortiGate 2600F firewalls. These cutting-edge firewalls come equipped with advanced security features, including cloud encryption and zero-trust access control. With these enhancements, Fortinet empowers organizations to safeguard their networks and data from potential threats.
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.34 Bn |
| Market Size by 2030 | US$ 6.91 Bn |
| CAGR | CAGR of 14.51 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Solution, Service) • By Organization Size (Large Enterprises, SMEs) • By Deployment (On-Premise, Cloud) • By Industry Vertical (BFSI, Manufacturing, Healthcare, Government, Retail, IT and Telecom, Education, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | International Business Machines Corporation, Oracle Corporation, Workday, Inc., Visier Inc., SAP SE, Cornerstone OnDemand, Inc., Kronos Incorporated, Tableau Software, ADP, LLC., WorkForce Software, LLC., Kronos Incorporated |
| Key Drivers | • There is a rising trend in utilizing data for strategic workforce planning. This enables organizations to make informed decisions regarding their workforce, leading to improved efficiency and productivity. • Integration of Artificial Intelligence (AI) and Machine Learning (ML) with Workforce Analytics to Drive Market Growth |
| Market Restraints | • Obstacles in the form of high installation costs for software are poised to hinder the expansion of the market. • Concerns regarding data privacy and compliance. |
Ans. The CAGR of the Workforce Analytics Market for the forecast period 2022-2030 is 14.51 %.
Ans: The market is expected to grow to USD 6.91 billion by the forecast period of 2030.
Ans: Yes, you can buy reports in bulk quantity as per your requirements. Check Here for more details.
Ans: The four segments are covered in this Workforce Analytics Market By Component, By Organization Size, By Deployment, By Industry Vertical
Ans:
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Workforce Analytics Market Segmentation, By Components
8.1 Products
8.2 Services
9. Workforce Analytics Market Segmentation, By Organizational Size
9.1 Small & Medium Enterprises
9.2 Large Enterprises
10. Workforce Analytics Market Segmentation, By Deployment
10.1 Cloud
10.2 On-premises
11. Workforce Analytics Market Segmentation, By Industry Vertical
11.1 BFSI
11.2 Manufacturing
11.3 Healthcare
11.4 Government
11.5 Retail
11.6 IT and Telecom
11.7 Education
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Workforce Analytics Market By Country
12.2.2 North America Workforce Analytics Market By Components
12.2.3 North America Workforce Analytics Market By Organizational Size
12.2.4 North America Workforce Analytics Market By Deployment
12.2.5 North America Workforce Analytics Market By Industry Vertical
12.2.6 USA
12.2.6.1 USA Workforce Analytics Market By Components
12.2.6.2 USA Workforce Analytics Market By Organizational Size
12.2.6.3 USA Workforce Analytics Market By Deployment
12.2.6.4 USA Workforce Analytics Market By Industry Vertical
12.2.7 Canada
12.2.7.1 Canada Workforce Analytics Market By Components
12.2.7.2 Canada Workforce Analytics Market By Organizational Size
12.2.7.3 Canada Workforce Analytics Market By Deployment
12.2.7.4 Canada Workforce Analytics Market By Industry Vertical
12.2.8 Mexico
12.2.8.1 Mexico Workforce Analytics Market By Components
12.2.8.2 Mexico Workforce Analytics Market By Organizational Size
12.2.8.3 Mexico Workforce Analytics Market By Deployment
12.2.8.4 Mexico Workforce Analytics Market By Industry Vertical
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Workforce Analytics Market By Country
12.3.1.2 Eastern Europe Workforce Analytics Market By Components
12.3.1.3 Eastern Europe Workforce Analytics Market By Organizational Size
12.3.1.4 Eastern Europe Workforce Analytics Market By Deployment
12.3.1.5 Eastern Europe Workforce Analytics Market By Industry Vertical
12.3.1.6 Poland
12.3.1.6.1 Poland Workforce Analytics Market By Components
12.3.1.6.2 Poland Workforce Analytics Market By Organizational Size
12.3.1.6.3 Poland Workforce Analytics Market By Deployment
12.3.1.6.4 Poland Workforce Analytics Market By Industry Vertical
12.3.1.7 Romania
12.3.1.7.1 Romania Workforce Analytics Market By Components
12.3.1.7.2 Romania Workforce Analytics Market By Organizational Size
12.3.1.7.3 Romania Workforce Analytics Market By Deployment
12.3.1.7.4 Romania Workforce Analytics Market By Industry Vertical
12.3.1.8 Hungary
12.3.1.8.1 Hungary Workforce Analytics Market By Components
12.3.1.8.2 Hungary Workforce Analytics Market By Organizational Size
12.3.1.8.3 Hungary Workforce Analytics Market By Deployment
12.3.1.8.4 Hungary Workforce Analytics Market By Industry Vertical
12.3.1.9 Turkey
12.3.1.9.1 Turkey Workforce Analytics Market By Components
12.3.1.9.2 Turkey Workforce Analytics Market By Organizational Size
12.3.1.9.3 Turkey Workforce Analytics Market By Deployment
12.3.1.9.4 Turkey Workforce Analytics Market By Industry Vertical
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Workforce Analytics Market By Components
12.3.1.10.2 Rest of Eastern Europe Workforce Analytics Market By Organizational Size
12.3.1.10.3 Rest of Eastern Europe Workforce Analytics Market By Deployment
12.3.1.10.4 Rest of Eastern Europe Workforce Analytics Market By Industry Vertical
12.3.2 Western Europe
12.3.2.1 Western Europe Workforce Analytics Market By Country
12.3.2.2 Western Europe Workforce Analytics Market By Components
12.3.2.3 Western Europe Workforce Analytics Market By Organizational Size
12.3.2.4 Western Europe Workforce Analytics Market By Deployment
12.3.2.5 Western Europe Workforce Analytics Market By Industry Vertical
12.3.2.6 Germany
12.3.2.6.1 Germany Workforce Analytics Market By Components
12.3.2.6.2 Germany Workforce Analytics Market By Organizational Size
12.3.2.6.3 Germany Workforce Analytics Market By Deployment
12.3.2.6.4 Germany Workforce Analytics Market By Industry Vertical
12.3.2.7 France
12.3.2.7.1 France Workforce Analytics Market By Components
12.3.2.7.2 France Workforce Analytics Market By Organizational Size
12.3.2.7.3 France Workforce Analytics Market By Deployment
12.3.2.7.4 France Workforce Analytics Market By Industry Vertical
12.3.2.8 UK
12.3.2.8.1 UK Workforce Analytics Market By Components
12.3.2.8.2 UK Workforce Analytics Market By Organizational Size
12.3.2.8.3 UK Workforce Analytics Market By Deployment
12.3.2.8.4 UK Workforce Analytics Market By Industry Vertical
12.3.2.9 Italy
12.3.2.9.1 Italy Workforce Analytics Market By Components
12.3.2.9.2 Italy Workforce Analytics Market By Organizational Size
12.3.2.9.3 Italy Workforce Analytics Market By Deployment
12.3.2.9.4 Italy Workforce Analytics Market By Industry Vertical
12.3.2.10 Spain
12.3.2.10.1 Spain Workforce Analytics Market By Components
12.3.2.10.2 Spain Workforce Analytics Market By Organizational Size
12.3.2.10.3 Spain Workforce Analytics Market By Deployment
12.3.2.10.4 Spain Workforce Analytics Market By Industry Vertical
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Workforce Analytics Market By Components
12.3.2.11.2 Netherlands Workforce Analytics Market By Organizational Size
12.3.2.11.3 Netherlands Workforce Analytics Market By Deployment
12.3.2.11.4 Netherlands Workforce Analytics Market By Industry Vertical
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Workforce Analytics Market By Components
12.3.2.12.2 Switzerland Workforce Analytics Market By Organizational Size
12.3.2.12.3 Switzerland Workforce Analytics Market By Deployment
12.3.2.12.4 Switzerland Workforce Analytics Market By Industry Vertical
12.3.2.13 Austria
12.3.2.13.1 Austria Workforce Analytics Market By Components
12.3.2.13.2 Austria Workforce Analytics Market By Organizational Size
12.3.2.13.3 Austria Workforce Analytics Market By Deployment
12.3.2.13.4 Austria Workforce Analytics Market By Industry Vertical
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Workforce Analytics Market By Components
12.3.2.14.2 Rest of Western Europe Workforce Analytics Market By Organizational Size
12.3.2.14.3 Rest of Western Europe Workforce Analytics Market By Deployment
12.3.2.14.4 Rest of Western Europe Workforce Analytics Market By Industry Vertical
12.4 Asia-Pacific
12.4.1 Asia Pacific Workforce Analytics Market By Country
12.4.2 Asia Pacific Workforce Analytics Market By Components
12.4.3 Asia Pacific Workforce Analytics Market By Organizational Size
12.4.4 Asia Pacific Workforce Analytics Market By Deployment
12.4.5 Asia Pacific Workforce Analytics Market By Industry Vertical
12.4.6 China
12.4.6.1 China Workforce Analytics Market By Components
12.4.6.2 China Workforce Analytics Market By Organizational Size
12.4.6.3 China Workforce Analytics Market By Deployment
12.4.6.4 China Workforce Analytics Market By Industry Vertical
12.4.7 India
12.4.7.1 India Workforce Analytics Market By Components
12.4.7.2 India Workforce Analytics Market By Organizational Size
12.4.7.3 India Workforce Analytics Market By Deployment
12.4.7.4 India Workforce Analytics Market By Industry Vertical
12.4.8 Japan
12.4.8.1 Japan Workforce Analytics Market By Components
12.4.8.2 Japan Workforce Analytics Market By Organizational Size
12.4.8.3 Japan Workforce Analytics Market By Deployment
12.4.8.4 Japan Workforce Analytics Market By Industry Vertical
12.4.9 South Korea
12.4.9.1 South Korea Workforce Analytics Market By Components
12.4.9.2 South Korea Workforce Analytics Market By Organizational Size
12.4.9.3 South Korea Workforce Analytics Market By Deployment
12.4.9.4 South Korea Workforce Analytics Market By Industry Vertical
12.4.10 Vietnam
12.4.10.1 Vietnam Workforce Analytics Market By Components
12.4.10.2 Vietnam Workforce Analytics Market By Organizational Size
12.4.10.3 Vietnam Workforce Analytics Market By Deployment
12.4.10.4 Vietnam Workforce Analytics Market By Industry Vertical
12.4.11 Singapore
12.4.11.1 Singapore Workforce Analytics Market By Components
12.4.11.2 Singapore Workforce Analytics Market By Organizational Size
12.4.11.3 Singapore Workforce Analytics Market By Deployment
12.4.11.4 Singapore Workforce Analytics Market By Industry Vertical
12.4.12 Australia
12.4.12.1 Australia Workforce Analytics Market By Components
12.4.12.2 Australia Workforce Analytics Market By Organizational Size
12.4.12.3 Australia Workforce Analytics Market By Deployment
12.4.12.4 Australia Workforce Analytics Market By Industry Vertical
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Workforce Analytics Market By Components
12.4.13.2 Rest of Asia-Pacific Workforce Analytics Market By Organizational Size
12.4.13.3 Rest of Asia-Pacific Workforce Analytics Market By Deployment
12.4.13.4 Rest of Asia-Pacific Workforce Analytics Market By Industry Vertical
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Workforce Analytics Market By Country
12.5.1.2 Middle East Workforce Analytics Market By Components
12.5.1.3 Middle East Workforce Analytics Market By Organizational Size
12.5.1.4 Middle East Workforce Analytics Market By Deployment
12.5.1.5 Middle East Workforce Analytics Market By Industry Vertical
12.5.1.6 UAE
12.5.1.6.1 UAE Workforce Analytics Market By Components
12.5.1.6.2 UAE Workforce Analytics Market By Organizational Size
12.5.1.6.3 UAE Workforce Analytics Market By Deployment
12.5.1.6.4 UAE Workforce Analytics Market By Industry Vertical
12.5.1.7 Egypt
12.5.1.7.1 Egypt Workforce Analytics Market By Components
12.5.1.7.2 Egypt Workforce Analytics Market By Organizational Size
12.5.1.7.3 Egypt Workforce Analytics Market By Deployment
12.5.1.7.4 Egypt Workforce Analytics Market By Industry Vertical
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Workforce Analytics Market By Components
12.5.1.8.2 Saudi Arabia Workforce Analytics Market By Organizational Size
12.5.1.8.3 Saudi Arabia Workforce Analytics Market By Deployment
12.5.1.8.4 Saudi Arabia Workforce Analytics Market By Industry Vertical
12.5.1.9 Qatar
12.5.1.9.1 Qatar Workforce Analytics Market By Components
12.5.1.9.2 Qatar Workforce Analytics Market By Organizational Size
12.5.1.9.3 Qatar Workforce Analytics Market By Deployment
12.5.1.9.4 Qatar Workforce Analytics Market By Industry Vertical
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Workforce Analytics Market By Components
12.5.1.10.2 Rest of Middle East Workforce Analytics Market By Organizational Size
12.5.1.10.3 Rest of Middle East Workforce Analytics Market By Deployment
12.5.1.10.4 Rest of Middle East Workforce Analytics Market By Industry Vertical
12.5.2. Africa
12.5.2.1 Africa Workforce Analytics Market By Country
12.5.2.2 Africa Workforce Analytics Market By Components
12.5.2.3 Africa Workforce Analytics Market By Organizational Size
12.5.2.4 Africa Workforce Analytics Market By Deployment
12.5.2.5 Africa Workforce Analytics Market By Industry Vertical
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Workforce Analytics Market By Components
12.5.2.6.2 Nigeria Workforce Analytics Market By Organizational Size
12.5.2.6.3 Nigeria Workforce Analytics Market By Deployment
12.5.2.6.4 Nigeria Workforce Analytics Market By Industry Vertical
12.5.2.7 South Africa
12.5.2.7.1 South Africa Workforce Analytics Market By Components
12.5.2.7.2 South Africa Workforce Analytics Market By Organizational Size
12.5.2.7.3 South Africa Workforce Analytics Market By Deployment
12.5.2.7.4 South Africa Workforce Analytics Market By Industry Vertical
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Workforce Analytics Market By Components
12.5.2.8.2 Rest of Africa Workforce Analytics Market By Organizational Size
12.5.2.8.3 Rest of Africa Workforce Analytics Market By Deployment
12.5.2.8.4 Rest of Africa Workforce Analytics Market By Industry Vertical
12.6. Latin America
12.6.1 Latin America Workforce Analytics Market By Country
12.6.2 Latin America Workforce Analytics Market By Components
12.6.3 Latin America Workforce Analytics Market By Organizational Size
12.6.4 Latin America Workforce Analytics Market By Deployment
12.6.5 Latin America Workforce Analytics Market By Industry Vertical
12.6.6 Brazil
12.6.6.1 Brazil Workforce Analytics Market By Components
12.6.6.2 Brazil Workforce Analytics Market By Organizational Size
12.6.6.3 Brazil Workforce Analytics Market By Deployment
12.6.6.4 Brazil Workforce Analytics Market By Industry Vertical
12.6.7 Argentina
12.6.7.1 Argentina Workforce Analytics Market By Components
12.6.7.2 Argentina Workforce Analytics Market By Organizational Size
12.6.7.3 Argentina Workforce Analytics Market By Deployment
12.6.7.4 Argentina Workforce Analytics Market By Industry Vertical
12.6.8 Colombia
12.6.8.1 Colombia Workforce Analytics Market By Components
12.6.8.2 Colombia Workforce Analytics Market By Organizational Size
12.6.8.3 Colombia Workforce Analytics Market By Deployment
12.6.8.4 Colombia Workforce Analytics Market By Industry Vertical
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Workforce Analytics Market By Components
12.6.9.2 Rest of Latin America Workforce Analytics Market By Organizational Size
12.6.9.3 Rest of Latin America Workforce Analytics Market By Deployment
12.6.9.4 Rest of Latin America Workforce Analytics Market By Industry Vertical
13 Company Profile
13.1 International Business Machines Corporation.
13.1.1 Company Overview
13.1.2 Financials
13.1.3 Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Oracle Corporation
13.2.1 Company Overview
13.2.2 Financials
13.2.3 Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Workday, Inc.
13.3.1 Company Overview
13.3.2 Financials
13.3.3 Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Visier Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3 Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 SAP SE.
13.5.1 Company Overview
13.5.2 Financials
13.5.3 Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Cornerstone OnDemand, Inc.
13.6.1 Company Overview
13.6.2 Financials
13.6.3 Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Tableau Software.
13.7.1 Company Overview
13.7.2 Financials
13.7.3 Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 ADP, LLC.
13.8.1 Company Overview
13.8.2 Financials
13.8.3 Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 WorkForce Software, LLC.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Services/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Kronos Incorporated.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Services/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Cloud AI Market size was valued at USD 44.9 billion in 2022 and is expected to grow to USD 651.35 billion by 2030 and grow at a CAGR of 39.7% over the forecast period of 2023-2030.
The Connected Agriculture Market size was valued at USD 3.78 billion in 2022 and is expected to grow to USD 15.16 billion By 2030 and grow at a CAGR of 18.96 % over the forecast period of 2023-2030.
The Blockchain Market Size was valued at USD 17.61 Billion in 2023 and is expected to reach USD 2679.2 Billion by 2031 and grow at a CAGR of 87.4 % over the forecast period 2024-2031.
The 5G Services Market Size was valued at USD 85.1 Billion in 2023 and is expected to reach USD 3511.35 Billion by 2031 and grow at a CAGR of 59.2 % over the forecast period 2024-2031.
The Streaming Analytics market size was valued at USD 20.94 Bn in 2022 and is expected to reach USD 122.49 Bn by 2030, and grow at a CAGR of 24.7 % over the forecast period 2023-2030.
The Banking As a Service Market size was USD 22.8 billion in 2022 and is expected to Reach USD 77.2 billion by 2030 and grow at a CAGR of 16.42 % over the forecast period of 2023-2030.
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