HR Analytics Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025).
HR Analytics Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025).
Get latest Market Research Reports on HR Analytics. Industry analysis and Market Report on HR Analytics is a syndicated market report, published as Global HR Analytics Market Research Report . It is complete Research Study and Industry Analysis of HR Analytics market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market
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The global HR analytics market generated revenue of US$ 1.9 billion in 2020 and is expected to reach US$ 3.5 billion by 2025 with a CAGR of 12.6% in the forecast period. The HR analytics market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global HR analytics market. In qualitative terms, the HR analytics market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of HR analytics in various segments such as by component, deployment model, enterprise size & industry at global, regional, and country-level. Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
Segment Analysis
The solution segment accounts for the dominating position in the market.
• Based on components, the HR analytics market is segmented into solutions and services. The solution segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. The service segment is further segmented into professional and managed services. The professional service segment accounts for the dominant position in the market in 2020 whereas the managed service segment is expected to grow with the highest CAGR in the forecast period.
Banking, financial services, and insurance segments account for the dominating position in the market.
• Based on industry, the market for HR analytics is segmented into consumer goods and retail, banking, financial services, and insurance (BFSI), IT and telecom, manufacturing, healthcare, education, others. Over the projection period, banking, financial services, and insurance (BFSI) vertical are expected to lead the market with the highest share. The consumer goods and retail sector is expected to develop at the highest rate in the global HR analytics market.
The cloud-based deployment model is expected to grow with the highest CAGR in the forecast period.
• Based on the deployment model, the HR analytics market is segmented into on-premises and cloud-based. The cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Also, on-premises hold a dominant market position in 2020 and are expected to remain dominant over the forecast period.
Large Enterprises segment accounts for the dominating position in the market.
• Based on enterprise size, the HR analytics market is segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to grow with the highest CAGR during the forecast period. Moreover, the large enterprise segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period.
North America accounts for the dominating position in the market.
• Based on the region, the HR analytics market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to contribute to the largest market share in 2020. The United States and Canada are the largest market-driven countries in this region. Moreover, Asia Pacific is projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major market-driven countries in the world.
HR Analytics Market Players:
• Some of the major players of the HR analytics market are Crunchr, Gaininsights Solutions Pvt Ltd, IBM Corporation, Infor, Kronos Incorporated, Microstrategy Incorporated, Oracle Corporation, Visier, Inc., Workday, Inc., Zoho Corporation Pvt. Ltd. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances, and mergers and acquisitions to create disruptive technologies and consumer networks.
The HR analytics market report provides a detailed study on the following segments:
HR Analytics Market, by Component
Solution
Services
• Professional Services
• Managed Services
HR Analytics Market, by Deployment Model
On- Premises
Cloud Based
HR Analytics Market, by Enterprise Size
Small & Medium Enterprises
Large Enterprises
HR Analytics Market, by Industry
Consumer goods and retail
BFSI
IT and telecom
Manufacturing
Healthcare
Education
Others
HR Analytics Market, by Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Key questions the report answers
• What are the major driving factors that accelerate the growth of the market
• What are the restraints which hinders the growth of the market
• What segment offers the most development opportunities
• Which region provides the key growth opportunity to the market
• Who are the major industry players
• What are the key strategies adopted by the market players
1. Introduction
2. Market Overview
2.1. Global HR Analytics Market Introduction
2.2. Macro- Economic Factor
2.3. Market Determinants
2.3.1. Market Driver
2.3.2. Market Restraints
2.3.3. Market Opportunities
2.3.4. Market Challenges
2.4. Value Chain Analysis
2.5. Technology/Product Roadmap
2.6. Porters 5 Force Model
2.7. Market Growth Opportunity Analysis
3. Market Segmentation
3.1. Global HR Analytics Market Analysis (US$ Mn), By Component, 2019 - 2025
3.1.1. Solution
3.1.2. Services
3.1.2.1. Professional Services
3.1.2.2. Managed Services
3.2. Global HR Analytics Market Analysis (US$ Mn), By Deployment Model, 2019 – 2025
3.2.1. Cloud Based
3.2.2. On-Premises
3.3. Global HR Analytics Market Analysis (US$ Mn), By Enterprise Size, 2019 – 2025
3.3.1. Large Enterprises
3.3.2. Small & Medium Enterprises
3.4. Global HR Analytics Market Analysis (US$ Mn), By Industry, 2019 – 2025
3.4.1. Consumer goods and retail
3.4.2. BFSI
3.4.3. IT and telecom
3.4.4. Manufacturing
3.4.5. Healthcare
3.4.6. Education
3.4.7. Others
4. Regional Analysis
4.1. North America HR Analytics Market Analysis (US$ Mn), 2019 - 2025
4.1.1. By Country
4.1.1.1. U.S.
4.1.1.2. Canada
4.1.2. By Component
4.1.2.1. Solution
4.1.2.2. Services
4.1.2.2.1. Professional Services
4.1.2.2.2. Managed Services
4.1.3. By Deployment Model
4.1.3.1. Cloud Based
4.1.3.2. On-Premises
4.1.4. By Enterprise Size
4.1.4.1. Large Enterprises
4.1.4.2. Small & Medium Enterprises
4.1.5. By Industry
4.1.5.1. Consumer goods and retail
4.1.5.2. BFSI
4.1.5.3. IT and telecom
4.1.5.4. Manufacturing
4.1.5.5. Healthcare
4.1.5.6. Education
4.1.5.7. Others
4.2. Europe HR Analytics Market Analysis (US$ Mn), 2019 - 2025
4.2.1. By Country, 2019 – 2025
4.2.1.1. Germany
4.2.1.2. U.K.
4.2.1.3. France
4.2.1.4. Italy
4.2.1.5. Spain
4.2.1.6. Rest of Europe
4.2.2. By Component
4.2.2.1. Solution
4.2.2.2. Services
4.2.2.2.1. Professional Services
4.2.2.2.2. Managed Services
4.2.3. By Deployment Model
4.2.3.1. Cloud Based
4.2.3.2. On-Premises
4.2.4. By Enterprise Size
4.2.4.1. Large Enterprises
4.2.4.2. Small & Medium Enterprises
4.2.5. By Industry
4.2.5.1. Consumer goods and retail
4.2.5.2. BFSI
4.2.5.3. IT and telecom
4.2.5.4. Manufacturing
4.2.5.5. Healthcare
4.2.5.6. Education
4.2.5.7. Others
4.3. Asia Pacific HR Analytics Market Analysis (US$ Mn), 2019 - 2025
4.3.1. By Country, 2019 – 2025
4.3.1.1. China
4.3.1.2. Japan
4.3.1.3. India
4.3.1.4. Rest of Asia Pacific
4.3.2. By Component
4.3.2.1. Solution
4.3.2.2. Services
4.3.2.2.1. Professional Services
4.3.2.2.2. Managed Services
4.3.3. By Deployment Model
4.3.3.1. Cloud Based
4.3.3.2. On-Premises
4.3.4. By Enterprise Size
4.3.4.1. Large Enterprises
4.3.4.2. Small & Medium Enterprises
4.3.5. By Industry
4.3.5.1. Consumer goods and retail
4.3.5.2. BFSI
4.3.5.3. IT and telecom
4.3.5.4. Manufacturing
4.3.5.5. Healthcare
4.3.5.6. Education
4.3.5.7. Others
4.4. Middle East & Africa HR Analytics Market Analysis (US$ Mn), 2019 - 2025
4.4.1. By Region, 2019 – 2025
4.4.1.1. Middle East
4.4.1.2. Africa
4.4.2. By Component
4.4.2.1. Solution
4.4.2.2. Services
4.4.2.2.1. Professional Services
4.4.2.2.2. Managed Services
4.4.3. By Deployment Model
4.4.3.1. Cloud Based
4.4.3.2. On-Premises
4.4.4. By Enterprise Size
4.4.4.1. Large Enterprises
4.4.4.2. Small & Medium Enterprises
4.4.5. By Industry
4.4.5.1. Consumer goods and retail
4.4.5.2. BFSI
4.4.5.3. IT and telecom
4.4.5.4. Manufacturing
4.4.5.5. Healthcare
4.4.5.6. Education
4.4.5.7. Others
4.5. Latin America HR Analytics Market Analysis (US$ Mn), 2019 - 2025
4.5.1. By Country, 2019 – 2025
4.5.1.1. Brazil
4.5.1.2. Mexico
4.5.1.3. Rest of Latin America
4.5.2. By Component
4.5.2.1. Solution
4.5.2.2. Services
4.5.2.2.1. Professional Services
4.5.2.2.2. Managed Services
4.5.3. By Deployment Model
4.5.3.1. Cloud Based
4.5.3.2. On-Premises
4.5.4. By Enterprise Size
4.5.4.1. Large Enterprises
4.5.4.2. Small & Medium Enterprises
4.5.5. By Industry
4.5.5.1. Consumer goods and retail
4.5.5.2. BFSI
4.5.5.3. IT and telecom
4.5.5.4. Manufacturing
4.5.5.5. Healthcare
4.5.5.6. Education
4.5.5.7. Others
5. Competitive Analysis
5.1. Company Share Analysis (%) 2019
5.2. List of Acquisition, Merger, Collaboration & New Product Launch
6. Company Profiles
6.1. Crunchr
6.2. Gaininsights Solutions Pvt Ltd
6.3. IBM Corporation
6.4. Infor
6.5. Kronos Incorporated
6.6. Microstrategy Incorporated
6.7. Oracle Corporation
6.8. Visier, Inc.
6.9. Workday, Inc.
6.10. Zoho Corporation Pvt. Ltd.
Research Methodology:
HR Analytics Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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