Global Market Size of HR Analytics Market – 10 Year Market Forecast

ICT

HR Analytics Market Size Forecast 2022-2029

HR Analytics is estimated to have a market value of USD 4.3 Billion in the year 2022 and is expected to rise to USD 9.6 Billion by the year 2029, giving a CAGR of 12%. Growing need among enterprises to reduce costs associated with HR processes and streamline the HR processes is expected to drive this market towards growth. However, lack of awareness and adoption of HR Analytics across industries could hamper the growth of this market.

Frequently Asked Questions(FAQ)

• What is a major driver for the growth of this market?

• Growing need among enterprises to reduce costs associated with HR processes is a major driver for the growth of this market.
• What is a restraint in the growth of this market?

• Lack of awareness and adoption of HR Analytics across industries is a restraint in the growth of this market.
• What is an opportunity for the growth of this market?

• Government initiatives to support the adoption of digital technologies to reduce manual efforts to enhance productivity is an opportunity for the growth of this market.
• What is a challenge for the growth of this market?

• Security Concerns related to using cloud service is a challenge for the growth of this market.
• What is Global Market Database?

• Global market database is a cloud based market research tool that is a key secondary research source which provides information across the HR Analytics market in addition to other industry verticals.

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