HR Analytics Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025)

The global HR analytics market generated revenue of US$ 1.9 billion in 2020 and is expected to reach US$ 3.5 billion by 2025 with a CAGR of 12.6% in the forecast period. The HR analytics market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report.  The research report offers both qualitative and quantitative information on the global HR analytics market. In qualitative terms, the HR analytics market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of HR analytics in various segments such as by component, deployment model, enterprise size & industry at global, regional, and country-level.  Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
Segment Analysis
 The solution segment accounts for the dominating position in the market. 
• Based on components, the HR analytics market is segmented into solutions and services. The solution segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. The service segment is further segmented into professional and managed services. The professional service segment accounts for the dominant position in the market in 2020 whereas the managed service segment is expected to grow with the highest CAGR in the forecast period.   
 Banking, financial services, and insurance segments account for the dominating position in the market.
• Based on industry, the market for HR analytics is segmented into consumer goods and retail, banking, financial services, and insurance (BFSI), IT and telecom, manufacturing, healthcare, education, others. Over the projection period, banking, financial services, and insurance (BFSI) vertical are expected to lead the market with the highest share. The consumer goods and retail sector is expected to develop at the highest rate in the global HR analytics market.
 The cloud-based deployment model is expected to grow with the highest CAGR in the forecast period.
• Based on the deployment model, the HR analytics market is segmented into on-premises and cloud-based. The cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Also, on-premises hold a dominant market position in 2020 and are expected to remain dominant over the forecast period.
 Large Enterprises segment accounts for the dominating position in the market.
• Based on enterprise size, the HR analytics market is segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to grow with the highest CAGR during the forecast period. Moreover, the large enterprise segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period.
 North America accounts for the dominating position in the market.
• Based on the region, the HR analytics market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to contribute to the largest market share in 2020. The United States and Canada are the largest market-driven countries in this region. Moreover, Asia Pacific is projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major market-driven countries in the world.
 HR Analytics Market Players:
• Some of the major players of the HR analytics market are Crunchr, Gaininsights Solutions Pvt Ltd, IBM Corporation, Infor, Kronos Incorporated, Microstrategy Incorporated, Oracle Corporation, Visier, Inc., Workday, Inc., Zoho Corporation Pvt. Ltd. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances, and mergers and acquisitions to create disruptive technologies and consumer networks.
The HR analytics market report provides a detailed study on the following segments:
HR Analytics Market, by Component
 Solution
 Services
• Professional Services
• Managed Services
HR Analytics Market, by Deployment Model
 On- Premises
 Cloud Based
HR Analytics Market, by Enterprise Size
 Small & Medium Enterprises
 Large Enterprises
HR Analytics Market, by Industry
 Consumer goods and retail
 BFSI
 IT and telecom
 Manufacturing
 Healthcare
 Education
 Others 
HR Analytics Market, by Region
 North America
 Europe
 Asia Pacific
 Middle East & Africa
 Latin America
 Key questions the report answers
• What are the major driving factors that accelerate the growth of the market?
• What are the restraints which hinders the growth of the market?
• What segment offers the most development opportunities?
• Which region provides the key growth opportunity to the market?
• Who are the major industry players?
• What are the key strategies adopted by the market players?