The Europe Workforce Analytics Market would witness market growth of 16.7% CAGR during the forecast period (2023-2029).
Advanced technologies such as ML and AI combine and integrate data to produce timely, relevant, and useful insights to boost performance, eventually resulting in wiser choices and actions. For instance, ML makes it possible for businesses to anticipate which applicants will perform best, helping HR management with the hiring and retention procedures. Additionally, it connects and combines data to give pertinent, useful, and timely insights to enhance performance, ultimately resulting in improved decisions and actions.
These advantages will support the expansion of workforce analytics solutions throughout the forecast. As per studies, in the upcoming years, most businesses will use big data in HR functions more frequently or, if they aren't already, will begin to do so. Data usage has increased across all areas, and the emphasis on workforce analytics reflects that general trend, which is just one of many causes for this rise.
Data analysis that can assist firms in attracting, motivating, and retaining the right people is certain to fascinate executives because human potential produces a competitive advantage in a knowledge economy. In addition, the fact that businesses have begun to produce quantifiable business results through data analysis has prompted others to raise their investment in workforce analytics to avoid missing out on possible advantages.
In the UK, a 7.4% increase in spending from 2020 puts the anticipated total cost of current health at £277 billion in 2021. When accounting for the impact of inflation on the economy, total current health spending rose by 7.1% in real terms in 2021 as opposed to 10.0% in 2020. The government expected to spend more on healthcare in 2021, an increase of 7.5%. One in six jobs and EUR 678.2 billion (USD 798 billion), or around 12% of Germany's GDP, are held by the healthcare industry in that country. HCT represents 8.3% of Germany's exports, with a total value of 131.2 billion euros. This will propel the growth of the regional market.
The Germany market dominated the Europe Workforce Analytics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $315.7 million by 2029. The UK market is anticipated to grow at a CAGR of 15.7% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 17.5% during (2023 - 2029).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Manufacturing, Retail & Ecommerce, Government, Healthcare & Life Sciences, Education, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Workforce Analytics Market is Projected to reach USD 4.9 Billion by 2029, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Salesforce, Inc. (Tableau Software, LLC), Oracle Corporation, ADP, Inc., Workday, Inc., Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.), Visier, Inc., UKG, Inc. and WorkForce Software, LLC.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Vertical
- IT & Telecom
- BFSI
- Manufacturing
- Retail & Ecommerce
- Government
- Healthcare & Life Sciences
- Education
- Energy & Utilities
- Others
By Organization size
By Deployment Mode
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- SAP SE
- Salesforce, Inc. (Tableau Software, LLC)
- Oracle Corporation
- ADP, Inc.
- Workday, Inc.
- Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
- Visier, Inc.
- UKG, Inc.
- WorkForce Software, LLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Workforce Analytics Market, by Component
1.4.2 Europe Workforce Analytics Market, by Vertical
1.4.3 Europe Workforce Analytics Market, by Organization size
1.4.4 Europe Workforce Analytics Market, by Deployment Mode
1.4.5 Europe Workforce Analytics Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, May – 2023, Mar) Leading Players
Chapter 4. Europe Workforce Analytics Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Workforce Analytics Market by Vertical
5.1 Europe IT & Telecom Market by Country
5.2 Europe BFSI Market by Country
5.3 Europe Manufacturing Market by Country
5.4 Europe Retail & Ecommerce Market by Country
5.5 Europe Government Market by Country
5.6 Europe Healthcare & Life Sciences Market by Country
5.7 Europe Education Market by Country
5.8 Europe Energy & Utilities Market by Country
5.9 Europe Other Vertical Market by Country
Chapter 6. Europe Workforce Analytics Market by Organization size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Workforce Analytics Market by Deployment Mode
7.1 Europe On-premise Market by Country
7.2 Europe Cloud Market by Country
Chapter 8. Europe Workforce Analytics Market by Country
8.1 Germany Workforce Analytics Market
8.1.1 Germany Workforce Analytics Market by Component
8.1.2 Germany Workforce Analytics Market by Vertical
8.1.3 Germany Workforce Analytics Market by Organization size
8.1.4 Germany Workforce Analytics Market by Deployment Mode
8.2 UK Workforce Analytics Market
8.2.1 UK Workforce Analytics Market by Component
8.2.2 UK Workforce Analytics Market by Vertical
8.2.3 UK Workforce Analytics Market by Organization size
8.2.4 UK Workforce Analytics Market by Deployment Mode
8.3 France Workforce Analytics Market
8.3.1 France Workforce Analytics Market by Component
8.3.2 France Workforce Analytics Market by Vertical
8.3.3 France Workforce Analytics Market by Organization size
8.3.4 France Workforce Analytics Market by Deployment Mode
8.4 Russia Workforce Analytics Market
8.4.1 Russia Workforce Analytics Market by Component
8.4.2 Russia Workforce Analytics Market by Vertical
8.4.3 Russia Workforce Analytics Market by Organization size
8.4.4 Russia Workforce Analytics Market by Deployment Mode
8.5 Spain Workforce Analytics Market
8.5.1 Spain Workforce Analytics Market by Component
8.5.2 Spain Workforce Analytics Market by Vertical
8.5.3 Spain Workforce Analytics Market by Organization size
8.5.4 Spain Workforce Analytics Market by Deployment Mode
8.6 Italy Workforce Analytics Market
8.6.1 Italy Workforce Analytics Market by Component
8.6.2 Italy Workforce Analytics Market by Vertical
8.6.3 Italy Workforce Analytics Market by Organization size
8.6.4 Italy Workforce Analytics Market by Deployment Mode
8.7 Rest of Europe Workforce Analytics Market
8.7.1 Rest of Europe Workforce Analytics Market by Component
8.7.2 Rest of Europe Workforce Analytics Market by Vertical
8.7.3 Rest of Europe Workforce Analytics Market by Organization size
8.7.4 Rest of Europe Workforce Analytics Market by Deployment Mode
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.5.3 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 SAP SE
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.5.3 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Salesforce, Inc. (Tableau Software, LLC)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.5.3 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Oracle Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 ADP, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Product Launches and Product Expansions:
9.5.4.2 Acquisition and Mergers:
9.6 Workday, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.4.2 Acquisition and Mergers:
9.7 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and product Expansions:
9.7.2.2 Acquisitions and Mergers:
9.8 Visier, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Product Launches and Product Expansions:
9.9 UKG, Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Acquisition and Mergers:
9.10. WorkForce Software, LLC
9.10.1 Company Overview
TABLE 1 Europe Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 2 Europe Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Workforce Analytics Market
TABLE 4 Product Launches And Product Expansions– Workforce Analytics Market
TABLE 5 Acquisition and Mergers– Workforce Analytics Market
TABLE 6 Europe Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 7 Europe Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 8 Europe Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 Europe Services Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Services Market by Country, 2023 - 2029, USD Million
TABLE 12 Europe Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 13 Europe Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 14 Europe IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe IT & Telecom Market by Country, 2023 - 2029, USD Million
TABLE 16 Europe BFSI Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe BFSI Market by Country, 2023 - 2029, USD Million
TABLE 18 Europe Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 19 Europe Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 20 Europe Retail & Ecommerce Market by Country, 2019 - 2022, USD Million
TABLE 21 Europe Retail & Ecommerce Market by Country, 2023 - 2029, USD Million
TABLE 22 Europe Government Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Government Market by Country, 2023 - 2029, USD Million
TABLE 24 Europe Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe Healthcare & Life Sciences Market by Country, 2023 - 2029, USD Million
TABLE 26 Europe Education Market by Country, 2019 - 2022, USD Million
TABLE 27 Europe Education Market by Country, 2023 - 2029, USD Million
TABLE 28 Europe Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 29 Europe Energy & Utilities Market by Country, 2023 - 2029, USD Million
TABLE 30 Europe Other Vertical Market by Country, 2019 - 2022, USD Million
TABLE 31 Europe Other Vertical Market by Country, 2023 - 2029, USD Million
TABLE 32 Europe Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 33 Europe Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 34 Europe Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 35 Europe Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 36 Europe SMEs Market by Country, 2019 - 2022, USD Million
TABLE 37 Europe SMEs Market by Country, 2023 - 2029, USD Million
TABLE 38 Europe Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 39 Europe Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 40 Europe On-premise Market by Country, 2019 - 2022, USD Million
TABLE 41 Europe On-premise Market by Country, 2023 - 2029, USD Million
TABLE 42 Europe Cloud Market by Country, 2019 - 2022, USD Million
TABLE 43 Europe Cloud Market by Country, 2023 - 2029, USD Million
TABLE 44 Europe Workforce Analytics Market by Country, 2019 - 2022, USD Million
TABLE 45 Europe Workforce Analytics Market by Country, 2023 - 2029, USD Million
TABLE 46 Germany Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 47 Germany Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 48 Germany Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 49 Germany Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 50 Germany Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 51 Germany Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 52 Germany Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 53 Germany Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 54 Germany Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 55 Germany Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 56 UK Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 57 UK Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 58 UK Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 59 UK Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 60 UK Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 61 UK Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 62 UK Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 63 UK Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 64 UK Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 65 UK Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 66 France Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 67 France Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 68 France Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 69 France Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 70 France Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 71 France Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 72 France Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 73 France Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 74 France Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 75 France Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 76 Russia Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 77 Russia Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 78 Russia Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 79 Russia Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 80 Russia Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 81 Russia Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 82 Russia Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 83 Russia Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 84 Russia Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 85 Russia Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 86 Spain Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 87 Spain Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 88 Spain Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 89 Spain Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 90 Spain Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 91 Spain Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 92 Spain Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 93 Spain Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 94 Spain Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 95 Spain Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 96 Italy Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 97 Italy Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 98 Italy Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 99 Italy Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 100 Italy Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 101 Italy Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 102 Italy Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 103 Italy Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 104 Italy Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 105 Italy Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 106 Rest of Europe Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 107 Rest of Europe Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 108 Rest of Europe Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 109 Rest of Europe Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 110 Rest of Europe Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 111 Rest of Europe Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 112 Rest of Europe Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 113 Rest of Europe Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 114 Rest of Europe Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 115 Rest of Europe Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 116 Key information – IBM Corporation
TABLE 117 Key Information – SAP SE
TABLE 118 Key Information – Salesforce, Inc.
TABLE 119 Key Information – Oracle Corporation
TABLE 120 Key Information – ADP, Inc.
TABLE 121 Key Information – Workday, Inc.
TABLE 122 Key information – Cornerstone OnDemand, Inc.
TABLE 123 Key Information – Visier, Inc.
TABLE 124 Key Information – UKG, Inc.
TABLE 125 Key Information – WorkForce Software, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2020, May – 2023, Mar) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Recent strategies and developments: SAP SE
FIG 8 SWOT Analysis: SAP SE
FIG 9 Recent strategies and developments: Salesforce, Inc.
FIG 10 SWOT Analysis: Salesforce.com, Inc.
FIG 11 SWOT analysis: Oracle Corporation
FIG 12 Recent strategies and developments: ADP, Inc.
FIG 13 Recent strategies and developments: Workday, Inc.
FIG 14 Recent strategies and developments: Cornerstone OnDemand, Inc.
FIG 15 Recent strategies and developments: Visier, Inc.