The Employee Engagement and Feedback Software Market are projected to reach the US $2,115.20 million in 2028, growing with a CAGR of 13.32% during the forecast period from 2021 to 2028.
Employee Engagement and Feedback Software Market
As the population grows, the job market also expands and more workers and industry professionals are offering their services to employers all around the world. Although the greater number of candidates presents more choices in front of employers, it also brings uncertainty in terms of long-term relationships and opportunities for the professional development of workers. Due to the fact that employers are unable to screen the performance of all their employees, as there is a too greater need for resources and time devotion to realize this, innovation has been presented to the market, which allows for recognizing employee performance and measuring their feedback. Employee Engagement and Feedback Software is the type of software that allows organizations to reward positive performance and give promotion opportunities to the right employees. Furthermore, by ensuring fairness, the Employee Engagement and Feedback Software also promote the well-being of employees and their hard work, which ultimately results in more job satisfaction.
Employee Engagement and Feedback Software Market Growth and Trend
Many factors in recent years have positive affected the growth of the Employee Engagement and Feedback Software Market. Initially, the larger number of companies and workers on the market presented the need for tools that would allow for finding the right employee for a specific company. This gave rise to investment in research and development activities on the market, which in its’ turn, positively grew the demand for software solutions. Due to the fact that those online platform employee software solutions, significantly eased the processes within organizations, and ensured fairness amongst workers, they gave rise in demand for Employee Engagement and Feedback Software Market products.
However, not all firms have the knowledge of such sophisticated software, and therefore the low awareness of such products is one factor that may hamper the growth of the Employee Engagement and Feedback Software Market. In addition, the complicated technologies increase the threat of growing employee turnover, which also has a negative impact on the industry.
Employee Engagement and Feedback Software Market Segmentation
The Employee Engagement and Feedback Software Market are segmented on the basis of deployment, organization size, delivery mode, offering, and device. According to the type of deployment, the market is divided into cloud and on-premise. Based on the organization size, the Employee Engagement and Feedback Software Market differentiate between small and medium-sized enterprises (SME) and large enterprises. Additionally, on the basis of delivery mode, the market is divided into standalone and integrated. Based on offering, Employee Engagement and Feedback Software Market are segmented into turnkey and customized. Finally, based on the type of device into desktop and handheld.
Employee Engagement and Feedback Software Market Regional Analysis
The increasing demand for software solutions to resolve issues related to employee engagement and fairness, as well as the number of retail and financial institutions that are on the market and interested in adopting such software, are the two factors that contribute to the difference between regional demand. Based on these factors, North America, as the region with the largest number of retail and financial institutions and the one that mostly orientated towards innovative solutions, holds the leading position within the Employee Engagement and Feedback Software Market. Although the North American region is expected to sustain, and even expand further its market, the Asia Pacific region is projected to experience a surge in growth with the gradual penetration of the latest technologies and increasing focus on innovation from the retail and financial institutions in the region.
Employee Engagement and Feedback Software Market Share and Competition
The major players operating in the Employee Engagement and Feedback Software Market are Humu, Inc., EightSpokes, Inc., 15Five, Culture Amp Pty Ltd, TINYpulse, Weekdone, Impraise, Achievers Solutions Inc., Reflektive, Bam Creative, Saba Software., Hppy, Teambit, SurveySparrow Inc., Bitrix, Inc., People Gauge, Quantum Workplace., Gensuite, Officevibe, Transcend Information, Inc., tapmyback, VibeCatch Oy, Qualtrics, KaiNexus and WORLDAPP inc., and others.
Report Highlights
• Historical Revenue and Unit Sales Volume Data (2010 - 2020)
• Forecast Revenue and Unit Sales Volume Data (2021 - 2028)
• Price trend and analysis
• Segment based revenue and unit sales data (2010 - 2028)
• Import/Export Analysis
• Competitive Analysis and Company Profiles
• Product analysis and Strategic framework
Industry segmentation and Revenue Breakdown
Deployment Type Analysis (Revenue, USD Million, 2021 - 2028)
• On Cloud
• On-Premise
Organizational Size Analysis (Revenue, USD Million, 2021 - 2028)
• Small and Medium-Sized Enterprises (SME)
• Large Enterprises
Delivery Mode Type Analysis (Revenue, USD Million, 2021 - 2028)
• Standalone
• Integrated
Offering Type Analysis (Revenue, USD Million, 2021 - 2028)
• Turnkey
• Customized
Device Type Analysis (Revenue, USD Million, 2021 - 2028)
• Desktop
• Handheld
Country Analysis (Revenue, USD Million, 2021 - 2028)
• U.S.
• Canada
• Mexico
• Brazil
• Argentina
• Rest of South America
• Germany
• France
• Italy
• U.K.
• Belgium
• Spain
• Russia
• Turkey
• Netherlands
• Switzerland
• Rest of Europe
• Japan
• China
• India
• South Korea
• Australia
• Singapore
• Malaysia
• Thailand
• Indonesia
• Philippines
• Rest of Asia-Pacific
• U.A.E
• Saudi Arabia
• Egypt
• South Africa
• Israel
• Rest of the Middle East and Africa
Employee Engagement and Feedback Software Companies
• Humu, Inc.
• EightSpokes, Inc.
• 15Five, Culture Amp Pty Ltd
• TINYpulse
• Weekdone
• Impraise
• Achievers Solutions Inc.
• Reflektive
• Bam Creative
• Saba Software.
• Hppy
• Teambit
• SurveySparrow Inc.
• Bitrix, Inc.
• People Gauge
• Quantum Workplace
• Gensuite
• Officevibe
• Transcend Information, Inc.
• Tapmyback
• VibeCatch Oy
• Qualtrics
• KaiNexus
• WORLDAPP inc
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