From GlobeNewswire: 2025-02-27 10:00:00

The HR Analytics Market was valued at USD 3.61 Billion in 2023 and is projected to reach USD 11.96 Billion by 2032, with a CAGR of 14.3% from 2024 to 2032. Major players in the market include IBM, Oracle, SAP, and Tableau. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America are key regional markets driving growth.

HR analytics solutions are transforming workforce management by enabling data-driven decision-making, integrating technology, attracting investments, and leveraging AI and machine learning. Key metrics like adoption rates and customer satisfaction levels indicate a growing reliance on HR analytics tools for strategic HR decisions and improved efficiency.

Workforce Planning dominates the HR Analytics Market, accounting for 27% of revenue in 2023, with tools aiding talent forecasting and resource optimization. Talent Analytics is poised for rapid growth at a CAGR of 16.23%, driven by recruitment enhancements and predictive analytics innovations from companies like IBM and Workday.

In terms of services, Implementation & Integration lead the HR Analytics Market with 37% revenue share in 2023, focusing on seamless deployment and partnerships for system integration. Support & Maintenance services are expected to grow at a CAGR of 16.17%, catering to continuous system upgrades and optimization for better user experience.

Deployment-wise, On-Premises solutions hold a 55% market share, emphasizing data security and integration control. Hosted solutions are gaining momentum with a projected CAGR of 14.85%, offering scalability, cost-effectiveness, and ease of implementation for businesses seeking to reduce IT infrastructure expenses.

Large Enterprises dominate HR Analytics adoption with a 54% market share, leveraging analytics for organizational efficiency and strategic HR initiatives. SMEs are expected to drive future market growth with a CAGR of over 15.08%, as affordable and scalable HR analytics solutions become more accessible to smaller businesses.

The IT & Telecom sector leads in HR Analytics adoption, accounting for 23% of revenue in 2023, while the Retail sector emerges as the fastest-growing segment. The increasing reliance on data-driven HR strategies and technology integration is propelling market growth across various industries. The HR analytics market is experiencing rapid growth due to digital transformation and workforce optimization needs. The retail segment is expected to grow by 17.68%, with North America leading the market at 34% share. APAC is the fastest-growing region, driven by industrialization and government initiatives. Cegid partnered with GEP to enhance procurement operations in December 2023. SNS Insider offers consulting services for market assessment and competitive benchmarking.



Read more at GlobeNewswire: HR Analytics Market Size to Surpass USD 11.96 Billion by