17 May 2022

People Analytics Technology 2022: Executive Summary

Stacia Garr
Co-Founder & Principal Analyst
Priyanka Mehrotra
Research Lead

TL;DR

  • This is an executive summary of our findings from the People Analytics Tech study
  • The people analytics tech vendors continued to focus on employee engagement and experience
  • The PAT market grew at an unprecedented rate in 2021; 1-year market growth rate was 53%, 5-year CAGR was 80%, current market estimate is $3 billion
  • Use cases for people analytics tech tools are shifting, but vendors are likely not responding fast enough
  • Customers are less satisfied that before, but that might change in the future

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Stacia Garr
Co-Founder & Principal Analyst

Stacia is a Co-founder and Principal Analyst for RedThread Research and focuses on employee engagement/experience, leadership, DE&I, people analytics, and HR technology. A frequent speaker and writer, her work has been featured in Fortune, Forbes, The New York Times, and The Wall Street Journal as well as in numerous HR trade publications. She has been listed as a Top 100 influencer in HR Technology and in D&I. Stacia has an MBA from the University of California, Berkeley, and a master’s degree from the London School of Economics.

Priyanka Mehrotra
Research Lead at RedThread Research

Priyanka Mehrotra is a Research Lead at RedThread Research. Before joining the company in 2018, she was part of the research team at Bersin by Deloitte where she worked on talent management, D&I, and people analytics as well as conducted research and contributed content for Bersin’s Mid-market study. Prior to Bersin by Deloitte, Priyanka worked at several non-profits, think-tanks, and international organizations where she published and co-authored several articles.

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