United Kingdom HR Analytics Market is Expected to Register a CAGR of 13.33% Through 2029
Increasing Adoption of Data-Driven Decision-Making in HR
and Growing Focus on Employee Experience & Engagement are likely to
propel the market during the forecast period.
According to
TechSci Research report, “United Kingdom HR Analytics Market – By Region,
Competition, Forecast and Opportunities, 2019-2029F”, United
Kingdom HR Analytics
Market was valued at USD 165 Million in 2023 and is expected to grow at a CAGR of 13.33% during the forecast period.
A growing trend in the United Kingdom HR
Analytics market is the increasing focus on employee well-being and mental
health analytics. The COVID-19 pandemic has heightened awareness of the
importance of mental health in the workplace, leading organizations to
prioritize employee well-being as a critical component of their HR strategy. HR
Analytics tools are now being used to monitor and improve employee mental
health, providing valuable insights into the well-being of the workforce.
Employee well-being analytics involves
collecting and analyzing data on factors such as stress levels, work-life
balance, and job satisfaction. By understanding these metrics, HR departments
can design targeted interventions to support employee well-being, such as
offering mental health resources, implementing flexible working arrangements,
or promoting a positive work culture. In the UK, where mental health issues are
a significant concern, this trend is gaining traction as organizations
recognize the impact of well-being on productivity and retention.
The focus on well-being analytics is
expected to continue as organizations in the UK strive to create healthier work
environments. As more data becomes available, HR Analytics tools will become
increasingly sophisticated in assessing and addressing mental health and
well-being, enabling organizations to proactively support their employees and
foster a more resilient workforce.
Browse over XX Market
data Figures spread through XX Pages and an in-depth TOC on " United Kingdom HR Analytics Market.”
Based
on Solution, Talent Analytics dominated the United Kingdom
HR Analytics market due to its critical role in enhancing organizational
performance and competitiveness. In a rapidly evolving business landscape, UK
organizations are increasingly recognizing the importance of effectively managing
and developing their talent to maintain a competitive edge. Talent Analytics
provides the tools and insights necessary to achieve this by enabling
data-driven decision-making in key areas such as talent acquisition,
development, and retention.
One
of the primary reasons for the dominance of Talent Analytics is its ability to
identify high-potential employees and align their development with
organizational goals. By analyzing data on employee performance, skills, and
career aspirations, companies can create personalized development plans that
maximize employee potential and drive long-term success. This targeted approach
to talent development is particularly valuable in the UK, where the competition
for skilled workers is intense, and retaining top talent is crucial. Moreover,
Talent Analytics helps organizations address critical issues such as diversity
and inclusion, which are increasingly prioritized in the UK. By providing
insights into diversity metrics, pay equity, and employee engagement across
different demographics, Talent Analytics enables companies to implement more
effective diversity initiatives and ensure a fair and inclusive workplace. This
not only enhances organizational culture but also improves the employer brand,
attracting a broader range of talent.
The
growing emphasis on succession planning and leadership development in the UK
further drives the adoption of Talent Analytics. Organizations are increasingly
using analytics to identify and groom future leaders, ensuring a smooth
transition and continuity in leadership roles. This proactive approach to
leadership development is essential in maintaining organizational stability and
driving growth.
Major companies
operating in the United Kingdom HR Analytics Market are:
- SAP
SE
- Oracle
Corporation
- IBM
Corporation
- Microsoft
Corporation
- Workday,
Inc.
- Automatic
Data Processing, Inc. (ADP Inc.)
- SAS
Institute Inc.
- Paycor,
Inc.
- Talview
Inc.
- Visier
Inc.
Download Free Sample Report
Customers can
also request 10% free customization on this report.
“The United
Kingdom HR Analytics market presents a significant opportunity for growth as
organizations increasingly recognize the value of data-driven decision-making
in human resources. With the rising adoption of advanced technologies such as
artificial intelligence, machine learning, and predictive analytics, businesses
can optimize talent management, enhance employee engagement, and improve
overall organizational performance. Additionally, the growing focus on employee
well-being and the shift towards cloud-based solutions further drive demand for
HR Analytics tools. Companies that offer innovative, scalable, and compliant
analytics solutions are well-positioned to capitalize on this expanding market
opportunity.” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“United
Kingdom HR Analytics Market, By Solution (Employee Engagement & Development,
Payroll & Compensation, Recruitment, Retention, Talent Analytics, Workforce
Planning, Others), By Deployment (Cloud, On-premise), By Enterprise Size (Large
Enterprise, Small & Medium Enterprise (SME)), By End User (Academia, BFSI,
Government, Healthcare, IT & Telecom, Manufacturing, Retail, Others), By
Service (Implementation & Integration, Support & Maintenance, Training
& Consulting), By Region, Competition, Forecast & Opportunities, 2019-2029F”,
has evaluated the future growth potential of United Kingdom HR Analytics Market
and provides statistics & information on Market size, structure and future Market
growth. The report intends to provide cutting-edge Market intelligence and help
decision-makers make sound investment decisions., The report also identifies
and analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the United Kingdom HR Analytics Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com