PUNE, India, December 16, 2015 /PRNewswire/ --
According to a new market research report, "Workforce Analytics Market By Solution, Service (Consulting Services, System Integration Services, Managed Services), Deployment Type, End User, Vertical & by Region - Forecast to 2020", published by MarketsandMarkets, The Market size is estimated to grow from USD 422.5 Million in 2015 to USD 860.4 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 15.3% from 2015 to 2020.
Browse 70 market data Tables with 53 Figures spread through 155 Pages and in-depth TOC on "Global Workforce Analytics Market"
Early buyers will receive 10% customization on this report.
The current work culture has evolved rapidly due to the introduction of new technologies and globalization, with a limited pool of knowledgeable workforce. Eventually, it is expected that the availability of skilled workforces will shrink in the developed countries. Thus, employees have become one of the expensive assets for organizations. These changing work dynamics have increased the market demand for workforce analytics that is helping organizations cope with various customer needs and employee demands with better cost optimization.
Workforce analytics solutions expected to dominate the market during the forecast period
The workforce analytics solutions are expected to dominate the market from 2015 to 2020 with the largest market share, due to growing workforce challenges faced by the organizations worldwide. Among the services, due to the changing work dynamics and variations in global governmental labor regulations, the demand for consulting services is expected to gain traction in the next five years.
BFSI and healthcare expected to lead the market among verticals
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to hold the largest market share in the Workforce Analytics Market in 2015. The healthcare sector is expected to grow at the highest CAGR from 2015 to 2020, in the Workforce Analytics Market. The BSFI industry will be investing greater resources in the market to focus on providing better services to customers through their limited global and local workforce. Authorities are encouraging investments in the healthcare industry in a bid to modernize and digitize the industry infrastructure and workforce.
North America expected to hold the largest market share
North America is expected to have the largest market share and dominate the Workforce Analytics Market from 2015 to 2020, due to the presence of a large number of analytics vendors. Asia-Pacific (APAC) offers potential growth opportunities, as there is a rise in the BYOD trend and expansions in skilled workforces among SMBs and enterprises. The major vendors in the Workforce Analytics Market include ADP, IBM, Oracle, SAP, and Tableau among others.
Request Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=122082467
The report covers detailed information regarding the major factors influencing the growth of the Workforce Analytics Market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the Workforce Analytics Market.
Browse Related Reports
Workforce Management Market by Solution (Time and Attendance, Compensation Management, Learning Management, Talent Management, Workforce Analytics, Workforce Scheduling), by Service, by Deployment, by Org Size, by Vertical, by Region - Global Forecast to 2020
Human Capital Management Market by Solution (Core HR, Workforce Management, Compensation Management, Performance Management, Recruiting, Learning Management, Employee Collaboration and Engagement), by Industry Verticals , & by Region - Global Forecast to 2019
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets