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People & HR Analytics Software Market Size is growing at CAGR of 11.5%, and this report covers analysis by Type, Application, Growth, and Forecast 2024 - 2031

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The "People & HR Analytics Software Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The People & HR Analytics Software market is expected to grow annually by 11.5% (CAGR 2024 - 2031).

This entire report is of 163 pages.

People & HR Analytics Software Introduction and its Market Analysis

The People & HR Analytics Software market research report highlights the increasing demand for advanced analytics tools in HR processes for better decision-making and workforce management. The market is driven by factors such as the need to enhance employee productivity, streamline HR operations, and improve talent retention. Key players in the market include Qualtrics, Sage, Domo, ClicData, Sisense, Dundas BI, InetSoft, Looker, Birst, and Oracle. The report identifies a rising trend towards cloud-based HR analytics solutions and integration of artificial intelligence for predictive analytics. The report recommends companies to invest in innovative technologies to stay competitive in the growing HR analytics software market.

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People & HR Analytics Software market is witnessing a surge in demand due to the increasing need for data-driven HR decisions. The market is segmented by deployment type into cloud-based and on-premises solutions, catering to the diverse needs of organizations. The application of such software is prominent in both Small and Medium Enterprises (SMEs) and Large Enterprises, as they seek to optimize their workforce management processes.

Regulatory and legal factors play a crucial role in shaping the market conditions for People & HR Analytics Software. Data privacy laws, employment regulations, and industry-specific mandates impact the adoption and deployment of such software. Companies must ensure compliance with these regulations to avoid any legal implications and data breaches. As the market continues to evolve, organizations must stay informed about the changing regulatory landscape to make informed decisions and leverage the full potential of People & HR Analytics Software.

Top Featured Companies Dominating the Global People & HR Analytics Software Market

The People & HR Analytics Software Market is highly competitive and consists of a variety of companies offering innovative solutions to help businesses make data-driven decisions in the human resources space. Some key players in this market include Qualtrics, Sage, Domo, ClicData, Sisense, Dundas BI, InetSoft, Looker, Birst, and Oracle.

Qualtrics, for example, offers a comprehensive suite of analytics tools that help organizations gather and analyze employee feedback to improve engagement and performance. Sage provides cloud-based HR and payroll solutions that incorporate analytics capabilities to help businesses streamline their HR processes. Domo offers a data visualization platform that allows HR professionals to easily create and share insights derived from people analytics.

ClicData, Sisense, Dundas BI, and InetSoft are all providers of business intelligence and analytics solutions that can be customized to meet the specific needs of HR departments. Looker, Birst, and Oracle offer advanced analytics platforms that help organizations derive actionable insights from their HR data to optimize processes and drive business growth.

These companies help grow the People & HR Analytics Software Market by providing cutting-edge technology and services that enable organizations to harness the power of data in their HR functions. By leveraging these solutions, businesses can improve recruitment, retention, talent development, and overall workforce management.

While specific sales revenue figures are not readily available for all these companies, Oracle, one of the largest players in the market, reported a total revenue of approximately $ billion in its fiscal year 2021. This indicates the significant market presence and growth potential of companies operating in the People & HR Analytics Software Market.

  • Qualtrics
  • Sage
  • Domo
  • ClicData
  • Sisense
  • Dundas BI
  • InetSoft
  • Looker
  • Birst
  • Oracle

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People & HR Analytics Software Market Analysis, by Type:

  • Cloud-based
  • On-premises

Cloud-based People & HR Analytics Software allows organizations to access and analyze data from multiple sources in real-time, enhancing decision-making processes. On-premises software, on the other hand, provides more control over data security and customization options. Both types help boost the demand for People & HR Analytics Software by offering flexible deployment options to suit varying organizational needs. Cloud-based solutions are favored for their scalability and accessibility, while on-premises software appeals to organizations with strict data privacy requirements. This diversity in options caters to a wider range of users, driving increased adoption and growth in the market.

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People & HR Analytics Software Market Analysis, by Application:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

People & HR Analytics Software is used by Small and Medium Enterprises (SMEs) to streamline their HR processes, improve employee engagement, and make data-driven decisions. Large enterprises use this software to manage large volumes of workforce data, analyze trends, and optimize workforce performance. The fastest growing application segment in terms of revenue is in talent acquisition and retention, as companies seek to attract top talent and reduce employee turnover through data-driven insights provided by HR analytics software. Overall, the software helps organizations of all sizes to enhance their HR strategies and drive business success through data-driven decision making.

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People & HR Analytics Software Industry Growth Analysis, by Geography:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The People & HR Analytics Software market is expected to witness significant growth across various regions. North America, particularly the United States and Canada, is expected to dominate the market with a substantial market share percentage valuation. Europe, including Germany, France, ., Italy, and Russia, is also expected to experience considerable growth in the market. In the Asia-Pacific region, countries such as China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are expected to contribute significantly to the market share. Additionally, Latin America (Mexico, Brazil, Argentina, Colombia) and the Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea) are also anticipated to witness growth in the People & HR Analytics Software market.

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