HR Business Analytics Market Size, Share Global Analysis Report, 2019–2026

Industry Insights

This professional and specialized report study examines the technical and business perspective of the HR Business Analytics industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the HR Business Analytics Market. The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall HR Business Analytics Market.

The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

Key Insights from Primary Research

• Our primary respondents believe the market to witness steady growth of 12.3% over the forecast period on account of the rising need for performance-improving business management systems. HR business analytics is expected to enhance organizational performance by providing optimum employee and organizational solutions.
• Most of the CXOs predict the banking and financial segment to maintain its dominance throughout 2026 due to the increase in the need for better-performing human resource planning tools and devices. Furthermore, the manufacturers operating in this market are partnering with local and domestic players to increase their goodwill in the ever-competitive market ecosystem.
• Some of the industry experts interviewed in the U.S. revealed that the information technology service segment is expected to generate substantial revenues for the HR Business Analytics industry.
• Regionally, North America is expected to contribute largely to the HR Business Analytics market. Some of the interviewees said that their future plans are to focus majorly on innovating in solutions and IT architecture of HR Business Analytics application areas. The manufacturers operating in countries such as the U.S. and Canada are expected to create higher adoption opportunities for HR Business Analytics market.
• The information & technology subject matter experts suggest investing in R&D activities to come up with efficient HR Business Analytics. They believe advanced technology in the IT industry will witness widespread acceptance across the value chain of the HR Business Analytics market.

Key Recommendations from Analysts

• Our analysts recommend focusing on the Asia PacificHR Business Analytics market since their evaluation discovered that this region turned out to be the top venture area around the globe owing to greater opportunities in emerging countries such as India, China, and Japan.
• The major reason behind the upsurge in growth and beneficial opportunities in this region is the rising adoption of HR Business Analyticsarehighly developed information technology such as business analytics, business intelligence, big data, and others around the globe.
• North America on the other hand, is expected to foresee robust growth contributing to the largest market share in 2019.
• The strategic mergers and acquisitions by key industry players and high demand across end-use industries are anticipated to fuel the market growth
• The executive summary of the report reads the total incremental opportunity underlying in the global HR Business Analytics market is nearly USD 523.3 million between 2020 and 2026.

HR Business Analytics – Cost Structure

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the HR Business Analytics Market in our study.

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the HR Business Analytics Market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the HR Business Analytics Market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the HR Business Analytics Market.

The research study provides a critical assessment of the HR Business Analytics industry by logically segmenting the market on the basis of product type, connectivity, port, distribution channel, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the HR Business Analytics industry includes the holistic bifurcation of North America, Europe, Asia Pacific, Middle East Africa, and Latin America.

Functions such as hiring, retention planning, and human resource asset management among others are some of the important areas of HR business analytics. HR business analytics is used to minimize training and development expenses, mitigate business risks by measuring employee behavioral patterns, and generate profitable revenues among others. HR business analytics aims at increasing employee productivity and decreasing employee turnover rates. Some HR business analytics models analyze key performance indicators of employees against the standard metrics of the organization to simulate data.

Business intelligence tools are being introduced rapidly to enhance business performance. HR business analytics system contains aspects such as employee compensation data, training records, reporting structure, details on HR policies and procedures, disciplinary actions, and others.

Furthermore, companies operating in HR Business Analytics are engaged in increasing their business presence by improving solutions of HR analytics to a wide network of customers by inventing optimum and innovative software.

The HR Business Analytics Market is categorized by application and region. The application segments are further divided into BFSI, Manufacturing, Healthcare, Retail, IT & Telecom, and Others (Government, Transportation & Logistics, etc.).

Report Scope

Some of the key players operating in the HR Business Analytics Market around the globe include:

•  Accenture
•  Cognizant
•  IBM Corporation
•  Tata Consultancy Services Limited
•  Capgemini
•  SAP SE
•  WNS (Holdings) Ltd.
•  Infosys Limited
•  Oracle
•  Kronos Inc.

The taxonomy of the HR Business Analytics industry by its scope and segmentation is as follows:

North America HR Business Analytics Market: By Application Segmentation Analysis

• BFSI
• Manufacturing
• Healthcare
• Retail
• IT & Telecom
• Others (Government, Transportation & Logistics, etc.)

North America HR Business Analytics Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

KEY BUSINESS POINTERS ADDRESSED & FOREMOST REASONS TO PROCURE THE REPORT:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising a dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)