Global Workforce Analytics Market Outlook and Opportunity 2025 | Ozone Market Reports

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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 type of analytics that focuses on workforce metrics and optimization. Workforce analytics uses a combination of data analysis tools and statistical methods to measure workforce performance, worker-related data, allowing leaders to improve the effectiveness of people-related decision-making and human resources strategy. Benefits of workforce analytics include – anticipate workforce disruption before they strike, deliver smarter business-focused insights, empower managers within the organization, strengthens stronger team cohesion and organizational values. 

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Market Dynamics:
1. Market Drivers
1.1 Rising adoption by small and medium businesses
1.2 Increasing demand for mobile applications
1.3 Rapidly changing work dynamics
1.4 Growing need to make smarter decisions
1.5 Growing volume of data in HR departments
2. Market Restraints
2.1 Lack of technical expertise for analysis
2.2 Concerns for data security and privacy
2.3 Poor knowledge and resistance to change

Market Segmentation:
The Global Workforce Analytics Market is segmented on the organization size, component, deployment model, vertical, and region.

1. Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Organizations 

2. By Component:
2.1 Solution
2.2 Services 
2.2.1 Managed services
2.2.2 Professional services
2.2.2.1 System integration services
2.2.2.2 Consulting services

3. By Deployment Mode:
3.1 Private Cloud
3.2 Public Cloud 

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4. By Vertical:
4.1 Healthcare
4.2 Government 
4.3 IT and Telecom
4.4 Banking, Financial Services, and Insurance (BFSI)
4.5 Travel and Hospitality
4.6 Retail 
4.7 Manufacturing
4.8 Others

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America) 
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. IBM Corporation
2. Workforce Software 
3. SAP SE
4. Kronos Inc. 
5. Tableau Software 
6. Visier Inc. 
7. Oracle Corporation 
8. Workday, Inc. 
9. ADP, LLC. 
10. Cornerstone Ondemand 

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Ozone Market Reports is a research-based consulting firm specializing in getting research inputs and using them appropriately in the marketing planning process. In saying this, we are trying to convey that we always attempt to interpret the research data from the viewpoint of recommending action priorities - both short-term and long-term. To this end, we have put together a team that understands not only research techniques, but also branding concepts in depth. We believe our people are our clients' biggest assets hence we do our best to recruit multi-skilled individuals, and then give them an environment where they can think and ideate freely.
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