워크포스 애널리틱스 세계 시장 규모는 2022년 20억 달러로 평가되며, 2023년 23억 1,000만 달러에서 2031년 72억 6,000만 달러에 달할 것으로 예상되며, 예측 기간(2024-2031년) 동안 연평균 15.40%의 성장률을 보일 것으로 예상됩니다.
조직 내 생산성을 향상시키고 프로세스 방식을 개선하기 위해 통계적 모델을 활용하는 '워크포스 애널리틱스(Workforce Analytics)'에 대한 수요가 급증하고 있습니다. 이러한 필요성은 늘어나는 인력과 매일 생성되는 방대한 양의 데이터를 관리해야 하는 복잡성에서 비롯됩니다. 기존의 수동 데이터 관리 방식으로는 실수가 발생할 수 있기 때문에 워크포스 애널리틱스는 인적자원관리(HRM) 프로세스 최적화를 위해 필수적인 요소이며, COVID-19 사태는 기업의 원격 근무 전환과 함께 이러한 분석 도입에 더욱 박차를 가하고 있습니다. 효과적인 데이터 관리 솔루션이 필요하게 되었습니다. 봉쇄령이 완화되고 다양한 산업에서 고용이 재개됨에 따라 세계 워크포스 애널리틱스 시장은 예측 기간 동안 큰 폭의 성장을 보일 것으로 예상됩니다. 특히 미국의 워크포스 애널리틱스 시장은 내년에도 지속적인 CAGR을 기록할 것으로 예상됩니다. 이러한 성장 궤적은 인력 관리와 조직 효율성이라는 진화하는 상황을 헤쳐나가는 데 있어 워크포스 애널리틱스의 중요한 역할을 강조하고 있습니다.
Global Workforce Analytics Market size was valued at USD 2.0 billion in 2022 and is poised to grow from USD 2.31 billion in 2023 to USD 7.26 billion by 2031, growing at a CAGR of 15.40% during the forecast period (2024-2031).
Workforce analytics, which employs statistical models to enhance productivity and refine process methodologies within organizations, is experiencing a surge in demand. This heightened necessity arises from the complexities of managing a growing workforce and the vast amounts of data generated daily. Traditional manual data management can lead to errors, making workforce analytics essential for optimizing Human Resource Management (HRM) processes. The Covid-19 pandemic significantly accelerated the adoption of these analytics as companies transitioned to remote work, necessitating effective data management solutions. As lockdowns eased and hiring resumed across various industries, the global workforce analytics market is expected to see substantial growth during the forecast period. Specifically, the US workforce analytics market is projected to experience a sustainable compound annual growth rate (CAGR) in the upcoming year. This growth trajectory highlights the critical role of workforce analytics in navigating the evolving landscape of human resource management and organizational efficiency.
Top-down and bottom-up approaches were used to estimate and validate the size of the global workforce analytics market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
global workforce analytics Market Segmental Analysis
Global Workforce Analytics Market is segmented by Type, Deployment Model, Vertical, and region. Based on Type, the market is segmented into Solutions, and Services. Based on Deployment Model, the market is segmented into On-Premise, and On-Cloud. Based on Organization Size, the market is segmented into Enterprise, Small and Medium Business. Based on Vertical, the market is segmented into BFSI, Energy and Utilities, Manufacturing, Healthcare, Retail, Government and Public Sector, Telecom and IT, Travel and Hospitality, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the global workforce analytics Market
The global workforce analytics market is poised for significant growth as organizations increasingly adopt advanced technological solutions and automation to optimize resource management. The shift toward cloud-based computing not only enhances operational flexibility but also demands robust security measures to safeguard sensitive employee data, driving the adoption of workforce analytics tools. These tools enable efficient data extraction, storage, and analysis, critical for informed decision-making in hiring and resource allocation processes. The increasing volume of recruitment activities further necessitates precise data monitoring, reinforcing the importance of workforce analytics in meeting organizational goals and facilitating data-driven strategies, thereby shaping a vibrant market landscape.
Restraints in the global workforce analytics Market
One significant market restraint for the global workforce analytics market is the limited capital available to small and medium enterprises (SMEs), which often leads them to rely on public cloud-based systems. While these solutions may offer operational efficiency, they are not immune to security vulnerabilities, raising concerns over data protection. Additionally, many SMEs facing budget constraints may resort to lower-quality, less secure analytics options, further hindering their ability to adopt advanced workforce analytics tools. This situation creates a sizeable challenge during the forecast period, potentially stunting growth in the market as organizations prioritize security over sophisticated workforce solutions.
Market Trends of the global workforce analytics Market
The global workforce analytics market is witnessing a significant trend driven by the need for seamless integration of data-driven tools in talent acquisition and employee evaluation processes. As employment rates rise, organizations require real-time monitoring capabilities to efficiently manage their workforce and optimize task allocation based on employee profiles. Simultaneously, the growing adoption of big data and artificial intelligence is further enhancing the effectiveness of these analytics solutions, contributing to improved decision-making and operational efficiency. This confluence of advanced technologies and the necessity for robust workforce management strategies is expected to propel the market's growth during the forecast period.