HR Analytics
HR Analytics Market by Component (Service, Solution), Deployment (Hosted, On-Premise), Enterprise Size, End-Use - Global Forecast 2024-2030
360iResearch Analyst
SPEAK TO ANALYST? OR FACE-TO-FACE MEETING?
Want to know more about the hr analytics market or any specific requirement? Ketan helps you find what you're looking for.
DOWNLOAD A FREE PDF
This free PDF includes market data points, ranging from trend analysis to market estimates & forecasts. See for yourself.

[189 Pages Report] The HR Analytics Market size was estimated at USD 3.93 billion in 2023 and expected to reach USD 4.42 billion in 2024, at a CAGR 12.80% to reach USD 9.15 billion by 2030.

HR analytics refers to applying data analysis techniques to human resource data for improving organizational performance through the collection, analysis, and interpretation of workforce data using various statistical and tech-based tools to inform HR strategies, decision-making processes, and future planning. Key growth factors include technological advancements such as AI and ML integration in HR processes, increased adoption of cloud-based solutions, growing emphasis on employee experience, enhanced regulatory compliance, and evolving global workforce trends, including remote work and globalization. Potential areas for investment include AI and ML tools to predict workforce trends, data-driven recruitment to optimize hiring processes, analytics for tracking and improving employee well-being, and predictive analytics for identifying skills shortages and targeting training programs. Despite data privacy concerns and high implementation costs, research in predictive and prescriptive analytics and employee sentiment analysis, alongside investigating blockchain for secure HR processes, offers high innovation potential.

Regional Insights

The United States influences HR analytics adoption, integrating advanced AI and ML, with significant investments in HR tech. The EU, emphasizing data privacy and employee rights, fosters a strong market, with Germany, the U.K., and France at the forefront. China, focusing on efficiency and productivity, both imports and exports HR technologies. Japan addresses demographic challenges using HR analytics, engaging in significant trade activities involving high-tech solutions. India’s booming IT sector drives demand for HR analytics, focusing on talent management and compliance. Key regions include the Asia-Pacific, where rapid industrialization and digital transformation drive demand for scalable HR solutions. EMEA emphasizes data privacy and strategic workforce planning. The Americas focus on compliance and productivity enhancement.

HR analytics vendors must navigate various regulatory frameworks to maintain compliance and leverage technological advancements. Major regulations include the General Data Protection Regulation (GDPR) in Europe, the California Consumer Privacy Act (CCPA) in the United States, India’s Personal Data Protection Bill (PDPB), and China’s Personal Information Protection Law (PIPL). These laws emphasize data privacy and consent management.

HR Analytics Market
To learn more about this report, request a free PDF copy
Market Dynamics

The market dynamics represent an ever-changing landscape of the HR Analytics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Rise in remote working culture across sectors
    • Increasing awareness of employee retention in organizations
    • Utilization of cognitive technologies for talent acquisition in enterprises
  • Market Restraints
    • High acquisition and maintenance costs of HR analytics platforms
  • Market Opportunities
    • Adoption of HR analytics to predict hiring needs in organizations
    • New funding for development of advanced softwares and business expansion
  • Market Challenges
    • High security and data privacy risks
Market Disruption Analysis

The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the HR Analytics Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the HR Analytics Market.

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the HR Analytics Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Value Chain & Critical Path Analysis

The value chain of the HR Analytics Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.

Pricing Analysis

The pricing analysis comprehensively evaluates how a product or service is priced within the HR Analytics Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the HR Analytics Market.

Technology Analysis

The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the HR Analytics Market.

Patent Analysis

The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the HR Analytics Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.

Trade Analysis

The trade analysis of the HR Analytics Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.

Regulatory Framework Analysis

The regulatory framework analysis for the HR Analytics Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.

As a satisfied client of the HR Analytics Market Research Report published by 360iResearch, we at Visier, Inc. have greatly benefited from the utilization of cognitive technologies for talent acquisition in enterprises. Before using the report, we faced numerous challenges in optimizing our talent acquisition strategies, which often led to inefficiencies and missed opportunities. The report provided us with valuable insights and actionable strategies that transformed our approach. One of the specific benefits we gained was the ability to identify and leverage key talent acquisition metrics, leading to improved hiring processes and better alignment with our organizational goals. Overall, the report has had a positive impact on our operations, and we highly recommend it to other organizations seeking to enhance their talent acquisition efforts.
Visier, Inc.
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the HR Analytics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the HR Analytics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the HR Analytics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

"We were navigating the challenges linked to the rise in remote working culture across various sectors. Leveraging the HR Analytics Market Research Report from 360iResearch provided us with valuable insights and actionable strategies that revolutionized our approach. One notable benefit was optimizing our remote workforce's productivity and engagement. This report has been instrumental in positively reshaping our organizational operations.", Tableau Software, LLC
Tableau Software, LLC
To learn more about this report, request a free PDF copy
Key Company Profiles

The report delves into recent significant developments in the HR Analytics Market, highlighting leading vendors and their innovative profiles. These include Visier, Inc., Tableau Software, LLC, SAP SE, GainInsights Solutions Pvt Ltd, Cegid Group, Oracle Corporation, Kronos Incorporated, Zoho Corporation Pvt. Ltd., UKG Inc., Sage Software Solutions Pvt. Ltd., Focus Orange Technology B.V., International Business Machine Corporation, MicroStrategy Incorporated, The Sage Group PLC, and Workday, Inc..

HR Analytics Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
Market Segmentation & Coverage

This research report categorizes the HR Analytics Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Service
      • Implementation & Integration
      • Support & Maintenance
      • Training & Consulting
    • Solution
      • Employee Engagement & Development
      • Payroll & Compensation
      • Recruitment
      • Retention
      • Talent Analytics
      • Workforce Planning
  • Deployment
    • Hosted
    • On-Premise
  • Enterprise Size
    • Large Enterprise
    • Small & Medium Enterprise
  • End-Use
    • Academia
    • BFSI
    • Government
    • Healthcare
    • IT & Telecom
    • Manufacturing
    • Retail & Consumer Goods

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

Prior to utilizing the HR Analytics Market Research Report from 360iResearch, we faced significant challenges in accurately predicting our hiring needs, leading to resource misallocation. This comprehensive report provided valuable insights and actionable strategies tailored to our organization. By adopting HR analytics, we not only streamlined our hiring processes but also maximized resource efficiency. The specific examples and data-driven recommendations greatly contributed to our improved operational efficiency. We are extremely satisfied with the profound impact this report had on our HR practices and organizational success.
SAP SE
To learn more about this report, request a free PDF copy
This research report offers invaluable insights into various crucial aspects of the HR Analytics Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. HR Analytics Market, by Component
  7. HR Analytics Market, by Deployment
  8. HR Analytics Market, by Enterprise Size
  9. HR Analytics Market, by End-Use
  10. Americas HR Analytics Market
  11. Asia-Pacific HR Analytics Market
  12. Europe, Middle East & Africa HR Analytics Market
  13. Competitive Landscape
  14. Competitive Portfolio
  15. List of Figures [Total: 24]
  16. List of Tables [Total: 564]
  17. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the HR Analytics Market?
    Ans. The Global HR Analytics Market size was estimated at USD 3.93 billion in 2023 and expected to reach USD 4.42 billion in 2024.
  2. What is the HR Analytics Market growth?
    Ans. The Global HR Analytics Market to grow USD 9.15 billion by 2030, at a CAGR of 12.80%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
  5. How long has 360iResearch been around?
    Ans. We are approaching our 7th anniversary in 2024!
  6. What if I have a question about your reports?
    Ans. Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available and included in every purchase to help our customers find the research they need-when they need it.
  7. Can I share this report with my team?
    Ans. Absolutely yes, with the purchase of additional user licenses.
  8. Can I use your research in my presentation?
    Ans. Absolutely yes, so long as the 360iResearch cited correctly.