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HR Analytics Market 2023-2032; Growth Forecast & Industry Share Report

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.

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HR Analytics Market 2023-2032; Growth Forecast & Industry Share Report

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  1. HR Analytics Market 2023-2032; Growth Forecast & Industry Share Report

  2. Industry Insights • 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. • 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

  3. 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.

  4. Regional Analysis 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. • Competitive Analysis • SAP SE., Infor, Cegid, IBM Corp., Visier, Inc., Konor, Oracle Corp., Sage Software Solutions Pvt. Ltd., Sisense Inc., Tableau Software, LLC., UKG Inc., Zoho Corp. Pvt. Ltd., and MicroStrategy Inc.

  5. HR Analytics Market @ https://www.gminsights.com/industry-analysis/hr-analytics-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6341 Request for customization: https://www.gminsights.com/roc/6341

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