Technavio has announced its latest market research report titled Global Workforce Analytics Market 2022-2026. The predicted growth of the workforce analytics market share from 2021 to 2026 is USD 1.62 billion at a progressing CAGR of 15.11%.
The lack of skilled workforce will challenge the workforce analytics market during the forecast period. Companies are using workforce analytics to streamline the recruitment process while boosting quality and efficiency. The adoption of workforce analytics may be attributed to the increase in enterprise-level requirements for specialized occupation. While there is a greater need for talent in this area, the gap between the growing amount of data and the number of workers with data analytics skills is widening.