The
global Workforce 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.
Browse Details of Report @ http://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.
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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