San Francisco, 27
November 2018: The global work force analytics market is
expected to reach USD 1.87 billion by 2025, according to a new report by Grand
View Research, Inc. The growing concern by the majority of the large
enterprises to deal with humongous volume of data pertinent to human capital is
anticipated to spur the demand for workforce analytics software application
platform over the forecast period. The widespread adoption of human capital
information system to enhance profitability of the industry by reducing
operational cost also stimulated the market growth.
Retail industry is anticipated to be the
fastest-growing application sector owing to the rising implementation of
workforce information system to automate the key human resource related
processes. Retail industries are subjected to exhibit multiple issues related
to inventory management, in-store product distribution, customer handling, and
deployment of sufficient number of resources to the store locations.
The incidence of public and private cloud
storage system by the several business entities with respect to various data
applications scalability, tool capabilities, and optimum implementation is
anticipated to bolster the popularity of cloud storage platform in the field of
data analytics. The effective combination of data analytics tool and cloud
computing platforms to enhance execution flexibility and agility of the data
management system aggravated the demand for the incorporation of cloud
management system by the majority of the business enterprises.
Additionally, cloud storage platform also
enables the data analyst to optimize linear scalability, database
virtualization, work management, and storage optimization. Cloud computing
platforms categorically act as a complementary technological paradigm by
enabling flexible network access to a shared pool of configurable computing
resources with minimal cost to the management.
Access
Research Report of Workforce Analytics Market @ www.grandviewresearch.com/industry-analysis/workforce-analytics-market
Further key findings from the study suggest:
· Consulting services is anticipated to
exhibit moderate growth with the CAGR of 16.1% over the forecast period and is
anticipated to be valued at USD 660.3 million by 2025. The absence of essential
technology infrastructure to deploy flexible and comprehensive data analytics
model to track human movement on a real-time basis is anticipated the spur the
market growth.
· The Retail domain is expected to dominate
the market accounting for over 23% of the overall revenue share by 2025. The
incorporation of workforce analytics platform is expected to ensures optimum
allocation of human resources with the minimal operational cost to the
organization.
· Asia Pacific is anticipated to incur the
fastest growth with a CAGR of 19.6% over the forecast period. The growth can be
attributed to the presence of fastest growing economies such as China, India,
and Japan in the region. The widespread deployment of the workforce analytics
platform in the BFSI sector to meet the unprecedented demand for customer
handling is anticipated to stimulate the market growth.
· Key players in the workforce analytics
market include ADP LLC, Tableau Software., SAP Se, Genpact Ltd., Oracle
Corporation and IBM Corporation. The market is highly competitive owing to the
presence of numerous solution provider incorporating innovative technologies to
offer product differentiation.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/communication-services
Grand View Research has segmented the
workforce analytics market on the basis of type, services, deployment,
application and region:
Workforce Analytics Type Outlook (Revenue,
USD Million; 2014 - 2025)
·
Solution
·
Services
Workforce Analytics Services Outlook
(Revenue, USD Million; 2014 - 2025)
·
Managed
·
Consulting
·
System Integration
Workforce Analytics Deployment Outlook
(Revenue, USD Million; 2014 - 2025)
·
Cloud
·
On-premise
Workforce Analytics Application Outlook
(Revenue, USD Million; 2014 - 2025)
·
Healthcare
·
IT & Telecommunication
·
BFSI
·
Manufacturing
·
Retail
·
Aerospace & Defense
·
Others
Workforce Analytics Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
Access Press Release of
Workforce Analytics Market@ www.grandviewresearch.com/press-release/global-workforce-analytics-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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