(Entertainment-NewsWire.com, September 18, 2018 ) The Global Workforce Analytics Market was valued at USD 502.54 million in 2016 and is projected to reach USD 1,831.13 million by 2025, growing at a CAGR of 15.45% from 2017 to 2025.
Workforce analytics is a statistical tool for analytics that emphasizes on workforce and other employee-related behavioral analysis. Workforce analytics is an integration of big data analytics along with other statistical methods to measure and maintain operational and human resource management. Benefits of workforce analytics include – empowerment of managers within the organization, strengthens the team spirit and organizational values.
Rapidly changing work dynamics and growing amount of documents and data sheets in HR departments can act as potential drivers in order to boost up the global workforce analytics market. Apart from this, lack of knowledge regarding the workforce analytics tools and resistance to change the traditional methods might hinder the overall growth rate of the global workforce analytics market.
Competitive Landscape:
The major players in the market are as follows:
IBM Corporation Workforce Software SAP SE Kronos Inc. Tableau Software Visier Inc. Oracle Corporation Workday, Inc. ADP, LLC. Cornerstone On-demand
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