Global Workforce Analytics Market: Trends, Growth Drivers, and Forecast Analysis
The global workforce analytics market size is expected to reach USD 5.53 billion by 2030, registering a CAGR of 15.3% during the forecast period, according to a new report by Grand View Research, Inc. The growing concern by the majority of the large enterprises to deal with the humongous volume of data pertinent to human capital is anticipated to spur the demand for the workforce analytics software application platform over the forecast period. The widespread adoption of the human capital information system to enhance the profitability of the industry by reducing operational cost also stimulated market growth. The retail industry is anticipated to be the fastest-growing application sector owing to the rising implementation of the workforce information system to automate the key human resource-related processes. Retail industries are subjected to exhibit multiple issues related to inventory management, in-store product distribution, customer handling, and d...