Global HR Analytics
Market Report
2024
The global HR Analytics market size is USD 2.07 billion in 2024. The HR Analytics market will show the strongest growth with a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031. This growth can be attributed to data-driven decision-making enhances HR strategy and performance significantly.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global HR Analytics market size will be USD 2.07 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 14.2% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global HR Analytics Market Sales Revenue 2021 | $ 2.39 Billion |
Global HR Analytics Market Sales Revenue 2030 | $ 12.77 Billion |
Global HR Analytics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 16.47% |
Market Split by By Deployment |
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Market Split by By Enterprise Type |
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Market Split by By End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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HR Analytics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
HR Analytics also referred to the increasing demand for data-driven decision-making in human resources, has propelled organizations to adopt analytics to understand workforce dynamics better, optimize recruitment processes, and enhance employee engagement and retention strategies. Secondly, advancements in technology, particularly in artificial intelligence and machine learning, have enabled more sophisticated analysis of HR data, allowing for predictive analytics that can forecast trends and behaviors. Additionally, the growing availability and affordability of cloud-based HR analytics solutions have democratized access to these tools, making them accessible to organizations of all sizes. Moreover, regulatory pressures and the need for compliance with labor laws and ethical standards have also pushed organizations towards implementing robust analytics frameworks to ensure fairness and equity in HR practices. Collectively, these factors underscore the pivotal role of HR analytics in shaping the future of work and organizational performance.
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In June 2023, Quantum Work Advisory (QWA) and Sapience Analytics, a workforce analytics and insights company, teamed in June 2023 to transform how businesses handle external labor expenditures through data analytics and strategic workforce design. (Source: https://www.quantum.work/advisory)
Top Companies Market Share in HR Analytics Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to robust technological infrastructure, a high adoption rate of data-driven decision-making in business operations, and a strong focus on employee experience and productivity enhancement. The region's advanced analytics capabilities and regulatory compliance drive its leadership in HR analytics innovation and implementation.
Asia-Pacific stands out as the fastest-growing region in the HR Analytics market due to the increasing digitalization, adoption of advanced technologies, and a growing focus on data-driven decision-making in HR processes. Countries like India and China lead this trend, supported by expanding tech infrastructure and skilled workforce availability.
The current report Scope analyzes HR Analytics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global HR Analytics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing HR Analytics Industry growth. HR Analytics market has been segmented with the help of its By Deployment, By Enterprise Type By End-User, and others. HR Analytics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to cognitive market research, Cloud is the dominant category that provides scalability, accessibility, and cost-efficiency. Organizations can store vast amounts of HR data securely, utilize powerful analytics tools for insights, and integrate with other systems seamlessly. This flexibility allows HR departments to leverage real-time data for strategic decision-making, predictive analytics, and improving employee experiences. Cloud-based solutions eliminate traditional infrastructure limitations, enabling faster deployment of analytics solutions and continuous innovation. As a result, the cloud dominates HR analytics growth by empowering organizations to derive actionable insights swiftly and efficiently.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of HR Analytics from 2019 to 2031. This will also help to analyze the demand for HR Analytics across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key By Enterprise Type of HR Analytics are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global HR Analytics Market is witnessing significant growth in the near future.
In 2023, the Cloud segment accounted for noticeable share of global HR Analytics Market and is projected to experience significant growth in the near future.
The Large Enterprises segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ADP , IBM Corporation (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
By Deployment | Cloud, On-Premise |
By Enterprise Type | Large Enterprises, Small and Medium Enterprises |
By End-User | Healthcare, IT and Telecommunication, BFSI Manufacturing, Retail, Food and Beverages, Government, Others |
List of Competitors | ADP, Inc (US), IBM Corporation (US), Kronos Incorporated (US), Oracle Corporation (US), Visier, Inc (Canada), Workday, Inc. (US), SAP SE (Germany) |
This chapter will help you gain GLOBAL Market Analysis of HR Analytics. Further deep in this chapter, you will be able to review Global HR Analytics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation By Deployment Analysis 2019 -2031, will provide market size split by By Deployment. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by By Deployment Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by By Enterprise Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by By End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global HR Analytics market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Cloud have a significant impact on HR Analytics market? |
What are the key factors affecting the Cloud and On-Premise of HR Analytics Market? |
What is the CAGR/Growth Rate of Large Enterprises during the forecast period? |
By type, which segment accounted for largest share of the global HR Analytics Market? |
Which region is expected to dominate the global HR Analytics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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