HR Analytics Market Trends, Analysis & Forecast, 2032

As per a recent research report, HR Analytics Market surpass USD 11.1 Billion by 2032.

As per the report, consistent technological breakthroughs in the human resource space will stimulate industry growth over 2023-2032. The development of advanced analytics tools and technologies, including machine learning and artificial intelligence, has made it easier to collect, process, and analyze HR data. These technologies enhance the accuracy and depth of HR analytics.

Request for Sample Copy report @  https://www.gminsights.com/request-sample/detail/6341

A recent study by B2B Reviews found that over 50% of IT HR professionals are utilizing AI chatbots like ChatGPT for various tasks in their departments, such as training, surveys, performance evaluations, and hiring. Surprisingly, 10% of IT HR professionals admitted using ChatGPT for drafting employee termination notices. The research surveyed 792 tech employees and 213 tech HR professionals and highlighted that ChatGPT significantly enhances time-saving and overall efficiency in HR roles. By automating tasks like interview scheduling, onboarding, and candidate follow-ups, HR staff reported saving an average of 70 minutes per week.

The HR analytics market share from the workforce planning segment will expand at a decent CAGR over 2023-2032. HR analytics solutions and services are gaining popularity in workforce planning applications due to their ability to provide data-driven insights for informed decision-making. For instance, during the pandemic, companies like IBM utilized HR analytics to adapt to remote work needs, ensuring a seamless transition for employees. These tools help organizations predict workforce trends, identify skills gaps, and optimize workforce distribution, ultimately enhancing operational efficiency and ensuring the right talent is in place for future needs.

The solutions segment will strengthen the HR analytics industry outlook through 2032, driven by factors such as the increasing emphasis on data-driven HR practices to optimize talent management and boost employee engagement. For instance, companies like Google have leveraged HR analytics to improve recruitment processes by analyzing candidate data and reducing hiring time. Additionally, the COVID-19 pandemic highlighted the need for HR analytics solutions in managing remote workforces, enhancing workforce planning, and monitoring employee well-being, further accelerating its adoption across industries.

Request for customization this report @    https://www.gminsights.com/roc/6341

Europe HR analytics industry is experiencing substantial growth due to the increasing recognition of the value of data-driven HR practices in optimizing workforce management. For instance, companies like Siemens have implemented HR analytics solutions to enhance talent acquisition and retention strategies. Additionally, Europe's stringent data privacy regulations, such as GDPR, have compelled organizations to invest in HR analytics to ensure compliance while harnessing workforce insights, further fueling the industry's growth in Europe.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    HR analytics market 360ยบ synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Component trends

2.5    Application trends

2.6    Enterprise size trends

2.7    Deployment model trends

2.8    Industry vertical trends

Chapter 3   HR Analytics Market Industry Insights

3.1    Impact on COVID-19

3.2    Russia- Ukraine war impact

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Growing emphasis on workforce optimization

3.10.1.2    Increasing adoption of remote and flexible work

3.10.1.3    Increasing demand for talent analytics

3.10.1.4    Integration of AI and ML in HR analytics

3.10.1.5    Presence of strict labor laws across the globe

3.10.2    Industry pitfalls & challenges

3.10.2.1    Absence of standard HR metrics and benchmarks

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Aashit Tiwari
Corporate Sales, USA
Global Market Insights Inc.
Toll Free: +1-888-689-0688
USA: +1-302-846-7766
Europe: +44-742-759-8484
APAC: +65-3129-7718
Email: sales@gminsights.com 

 

 

 

 


Comments

Post a Comment

Popular posts from this blog

Commercial Vehicle Market 2024-2032; Growth Forecast & Industry Share Report

Commercial Vehicles Market size is predicted to reach USD 15.9 Tn by 2032. The market growth is fueled by the rising urbanization, increasing industrial activities, and technological advancements. The expanding global economy is pushing the demand for transportation of goods & services. With the rise of e-commerce and the need for efficient last-mile delivery solutions, particularly in urban areas, commercial vehicles sales have witnessed an uptick in the recent years. Additionally, the stringent emission regulations worldwide are pushing fleet operators to upgrade to cleaner and more fuel-efficient vehicles, contributing to market expansion. Request for Sample Copy report @     https://www.gminsights.com/request-sample/detail/7430 Moreover, advancements in driver-assistance technologies and the integration of automation are enhancing safety standards and optimizing operational efficiency of commercial vehicles, adding to their popularity. In September 2023, Amazon ...
Read more

Train Dispatching Market Trends, Analysis & Forecast, 2032

As per a recent research report, Train Dispatching Market surpass USD 2 Bn by 2032. The rapid rate of urbanization as well as demographic growth worldwide will influence the market growth. In recent years, the increasing number of passengers travelling by rail network have spurred the higher focus of government bodies on enhancing the rail services. The growing government support across the globe for upgrading the railway infrastructure to speed up passenger journeys for ensuring interoperability will further drive the demand for train dispatching. However, the dearth of standards and protocols along with the rising concerns over interoperability in connected railway train dispatching systems may limit the industry expansion to some extent. Request for Sample Copy report @   https://www.gminsights.com/request-sample/detail/5805 On the basis of offerings, the demand for train dispatching services is poised to record over 12% CAGR from 2023-2032. The rising popularity of mul...
Read more

Autonomous Vehicle Market Share, Trend & Growth Forecast to 2032

Autonomous Vehicle Market size is estimated to be valued at USD 6.1 trillion by the end of 2032. The rising advancements in AI and machine learning technologies for enhancing vehicle safety and performance will drive the market growth. The increasing investments by automotive and tech companies in autonomous driving R&D activities has made way for supportive government policies and regulations. The strong demand for efficient, safe, and convenient transportation solutions is further accelerating the interest in autonomous vehicles. As per data from the National Highway Traffic Safety Administration, in 2022, approximately, 289,310 people were injured in crashes due to distracted drivers. The potential for reducing traffic accidents and congestion, along with lower operational costs for ridesharing and logistics companies is boosting the appeal of these vehicles. The rising environmental concerns and the push for sustainable transport solutions is facilitating the development an...
Read more