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HR Analytics Market Trends

Report ID: GMI6341
Published Date: Jul 2024
Report Format: PDF

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HR Analytics Market Trends

Organizations undergoing HR transformation are leveraging HR analytics to support their change management efforts, enabling data-driven decision-making during the transition process. For instance, in 2022, Accenture announced a new global HR analytics practice to help organizations use data to improve their workforce strategies. The practice will focus on helping organizations with talent acquisition, performance management, and employee engagement. Apart from that, the availability of advanced analytics tools, machine learning algorithms, and artificial intelligence has facilitated the growth of HR analytics.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

market size for HR analytics was USD 3.7 billion in 2023 and is expected to register over 13% CAGR from 2024-2032 due to the increasing demand for talent retention and succession planning across organizations worldwide.

The on-premises deployment type segment held over 61% share of the HR analytics market in 2023 and is expected to register an appreciable CAGR from 2024-2032 owing to the need for data security and control, especially for sensitive employee information.

North America held over 34% share of the HR analytics industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the region's strong emphasis on data-driven decision-making and its technologically advanced corporate landscape.

SAP SE., Infor, Cegid, IBM Corp., Visier, Inc., Konor, Oracle Corp., Sage Software Solutions Pvt. Ltd., Sisense Inc., Tableau Software, LLC., UKG Inc., Zoho Corp. Pvt. Ltd., and MicroStrategy Inc., are some of the major HR analytics companies worldwide.