Workplace Analytics Market Segmented By Solution (Workplace Analytics Software, Services), High Demand for Analytics Solutions from Services Industry Due to Rising Need to Improve Workplace Culture.
According to Persistence Market Research, the global workplace analytics market is forecasted to increase at a CAGR of 13% and reach a market valuation of US$ 6.42 billion by the end of 2033.
Several IT and telecom firms are investing in workplace analytics solutions to learn more about the productivity, behavior, and technology usage patterns of their staff. They are able to make better decisions that increase organizational effectiveness, production, and employee satisfaction, as a result.
Businesses are now realizing the value of data-driven insights for making smart decisions and boosting employee performance. For IT & telecom firms to gain a competitive edge, boost business performance, and foster a better working environment for employees, workplace analytics solutions are quickly becoming a critical tool across the world.
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Key Takeaways from Market Study
“The workplace analytics market is expected to exhibit significant growth as a result of the expansion of the IT and telecom sectors. Growing adoption of cloud-based solutions is a key driver influencing market expansion,” says a Persistence Market Research analyst.
Increased Adoption of Workplace Analytics Solutions Due to Their Cost-effectiveness
Cost-effectiveness is a major driver for the workplace analytics market. Companies seek to increase employee and process efficiency and reduce costs, and workplace analytics solutions provide valuable insights into employee productivity, engagement, and communication, thus enabling companies to optimize their operations and improve overall performance.
Additionally, the availability of cloud-based and integrated solutions makes it easier and more affordable for companies to implement workplace analytics solutions, further driving their adoption.
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Competitive Analysis
The workplace analytics market is highly competitive, with several major players, including technology giants, software vendors, and specialized analytics providers, offering a range of solutions. Organizations of all sizes and across industries are investing in workplace analytics to gain actionable insights and drive continuous improvement in their workforce and overall business performance.
Recent Developments
More Valuable Insights on Offer
Persistence Market Research’s report on the workplace analytics market is segmented into five sections: solution (workplace analytics software, services), deployment mode (cloud-based, on-premise), organization size (small offices, small enterprises, medium-sized enterprises, large enterprises, very large enterprises), and industry (finance, manufacturing & resources, distribution services, services, public sector, infrastructure), and region (North America, Latin America, East Asia, South Asia & Pacific, Western Europe, Eastern Europe, Central Asia, Russia & Belarus, Balkan & Baltic Countries, and the Middle East and Africa).
For additional information on how the workplace analytics market will shape up in the near future, write to the team of expert research analysts at [email protected]
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About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services.
Jun 09, 2023
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