The North America Workforce Analytics Market would witness market growth of 16.0% CAGR during the forecast period (2023-2029).
One of the most important kinds of workforce analytics is predictive analytics. Forecasting is the process of making predictions using historical data from the workforce. The main statistical methods used in this workforce analytics are machine learning and data mining. Several businesses use predictive workforce analytics to improve employee satisfaction and expedite procedures. Businesses typically employ regression analysis, multivariate statistics, pattern matching, and other approaches in this process to help them forecast future risks and talent outcomes.
The corporation needs adaptability, innovation, speed, and talent to set itself apart from rival businesses in today's international economy. Employee investment in workforce planning and corporate success have been given more attention because of this. Each organization's human capital is a valuable resource. Analyzing internal data on people can lead to better productivity, higher employee engagement, and lower employee turnover. In addition, with the development of technology and the expansion of international trade, management now needs to use workforce analytics to more effectively balance the needs of customers and the employee workforce.
The US is a technically advanced nation; hence a wide range of industries in the nation has a high adoption rate for cutting-edge technologies. The US is home to a wide variety of industries and is the world's leading pioneer in high technology, further encouraging the adoption of HR-based solutions nationwide. The US draws many businesses from various industries to establish their headquarters there because it is a technologically advanced nation. Also, the US government is putting a lot of effort into boosting labor productivity and efficiency by employing HRM solutions for payroll, time, attendance, and talent management in organizations, which further propels the workforce analytics market in the region.
The US market dominated the North America Workforce Analytics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,228 million by 2029. The Canada market is poised to grow at a CAGR of 18.7% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 17.6% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Workforce Analytics Market, by Component
1.4.2 North America Workforce Analytics Market, by Vertical
1.4.3 North America Workforce Analytics Market, by Organization size
1.4.4 North America Workforce Analytics Market, by Deployment Mode
1.4.5 North America 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. North America Workforce Analytics Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Workforce Analytics Market by Vertical
5.1 North America IT & Telecom Market by Country
5.2 North America BFSI Market by Country
5.3 North America Manufacturing Market by Country
5.4 North America Retail & Ecommerce Market by Country
5.5 North America Government Market by Country
5.6 North America Healthcare & Life Sciences Market by Country
5.7 North America Education Market by Country
5.8 North America Energy & Utilities Market by Country
5.9 North America Other Vertical Market by Country
Chapter 6. North America Workforce Analytics Market by Organization size
6.1 North America Large Enterprises Market by Country
6.2 North America SMEs Market by Country
Chapter 7. North America Workforce Analytics Market by Deployment Mode
7.1 North America On-premise Market by Country
7.2 North America Cloud Market by Country
Chapter 8. North America Workforce Analytics Market by Country
8.1 US Workforce Analytics Market
8.1.1 US Workforce Analytics Market by Component
8.1.2 US Workforce Analytics Market by Vertical
8.1.3 US Workforce Analytics Market by Organization size
8.1.4 US Workforce Analytics Market by Deployment Mode
8.2 Canada Workforce Analytics Market
8.2.1 Canada Workforce Analytics Market by Component
8.2.2 Canada Workforce Analytics Market by Vertical
8.2.3 Canada Workforce Analytics Market by Organization size
8.2.4 Canada Workforce Analytics Market by Deployment Mode
8.3 Mexico Workforce Analytics Market
8.3.1 Mexico Workforce Analytics Market by Component
8.3.2 Mexico Workforce Analytics Market by Vertical
8.3.3 Mexico Workforce Analytics Market by Organization size
8.3.4 Mexico Workforce Analytics Market by Deployment Mode
8.4 Rest of North America Workforce Analytics Market
8.4.1 Rest of North America Workforce Analytics Market by Component
8.4.2 Rest of North America Workforce Analytics Market by Vertical
8.4.3 Rest of North America Workforce Analytics Market by Organization size
8.4.4 Rest of North America 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 North America Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 7 North America Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 8 North America Solution Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Solution Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Services Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 13 North America Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 14 North America IT & Telecom Market by Country, 2019 - 2022, USD Million
TABLE 15 North America IT & Telecom Market by Country, 2023 - 2029, USD Million
TABLE 16 North America BFSI Market by Country, 2019 - 2022, USD Million
TABLE 17 North America BFSI Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 20 North America Retail & Ecommerce Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Retail & Ecommerce Market by Country, 2023 - 2029, USD Million
TABLE 22 North America Government Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Government Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Healthcare & Life Sciences Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Healthcare & Life Sciences Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Education Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Education Market by Country, 2023 - 2029, USD Million
TABLE 28 North America Energy & Utilities Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Energy & Utilities Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Other Vertical Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Other Vertical Market by Country, 2023 - 2029, USD Million
TABLE 32 North America Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 33 North America Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 34 North America Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 35 North America Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 36 North America SMEs Market by Country, 2019 - 2022, USD Million
TABLE 37 North America SMEs Market by Country, 2023 - 2029, USD Million
TABLE 38 North America Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 39 North America Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 40 North America On-premise Market by Country, 2019 - 2022, USD Million
TABLE 41 North America On-premise Market by Country, 2023 - 2029, USD Million
TABLE 42 North America Cloud Market by Country, 2019 - 2022, USD Million
TABLE 43 North America Cloud Market by Country, 2023 - 2029, USD Million
TABLE 44 North America Workforce Analytics Market by Country, 2019 - 2022, USD Million
TABLE 45 North America Workforce Analytics Market by Country, 2023 - 2029, USD Million
TABLE 46 US Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 47 US Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 48 US Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 49 US Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 50 US Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 51 US Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 52 US Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 53 US Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 54 US Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 55 US Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 56 Canada Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 57 Canada Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 58 Canada Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 59 Canada Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 60 Canada Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 61 Canada Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 62 Canada Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 63 Canada Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 64 Canada Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 65 Canada Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 66 Mexico Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 67 Mexico Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 68 Mexico Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 69 Mexico Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 70 Mexico Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 71 Mexico Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 72 Mexico Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 73 Mexico Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 74 Mexico Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 75 Mexico Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 76 Rest of North America Workforce Analytics Market, 2019 - 2022, USD Million
TABLE 77 Rest of North America Workforce Analytics Market, 2023 - 2029, USD Million
TABLE 78 Rest of North America Workforce Analytics Market by Component, 2019 - 2022, USD Million
TABLE 79 Rest of North America Workforce Analytics Market by Component, 2023 - 2029, USD Million
TABLE 80 Rest of North America Workforce Analytics Market by Vertical, 2019 - 2022, USD Million
TABLE 81 Rest of North America Workforce Analytics Market by Vertical, 2023 - 2029, USD Million
TABLE 82 Rest of North America Workforce Analytics Market by Organization size, 2019 - 2022, USD Million
TABLE 83 Rest of North America Workforce Analytics Market by Organization size, 2023 - 2029, USD Million
TABLE 84 Rest of North America Workforce Analytics Market by Deployment Mode, 2019 - 2022, USD Million
TABLE 85 Rest of North America Workforce Analytics Market by Deployment Mode, 2023 - 2029, USD Million
TABLE 86 Key information – IBM Corporation
TABLE 87 Key Information – SAP SE
TABLE 88 Key Information – Salesforce, Inc.
TABLE 89 Key Information – Oracle Corporation
TABLE 90 Key Information – ADP, Inc.
TABLE 91 Key Information – Workday, Inc.
TABLE 92 Key information – Cornerstone OnDemand, Inc.
TABLE 93 Key Information – Visier, Inc.
TABLE 94 Key Information – UKG, Inc.
TABLE 95 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.