Global Employee Engagement and Feedback Software Market is Likely to Grow at a CAGR Value of 11.40% By 2028

08-Aug-2022 | Facts and Factors

According to Facts and Factors, the global employee engagement and feedback software market size was worth around USD 928.4 million in 2021 and is estimated to grow to about USD 1774.38 million by 2028, with a compound annual growth rate (CAGR) of approximately 11.40% over the forecast period. The report analyzes the employee engagement and feedback software market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the employee engagement and feedback software market.

Software for employee engagement and feedback assists companies in getting input from staff members to recognize accomplishments and carry out promotion-related actions. Helping them manage organizational expectations and develop appropriate engagement activities enables managers and peers to identify gaps between employee performance and engagement. Software for employee engagement and feedback is helpful for businesses with trouble keeping personnel. Most sophisticated employee engagement software is implemented by corporations' human resource (HR) departments and is made available as software or services via subscription. Owing to the rise in demand for employee engagement and feedback software, the global employee engagement and feedback software market is estimated to grow at a CAGR of 11.40% during the forecast period.

Browse the full “Employee Engagement and Feedback Software Market Size, Share, Growth Analysis Report By Deployment Type (On Cloud and On-Premise), By Organizational Size (Small and Medium-Sized Enterprises (SME) and Large Enterprises), By Delivery Mode Type (Standalone and Integrated), By Offering Type (Turnkey and Customised), By Device Type (Desktop and Handheld), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/employee-engagement-and-feedback-software-market

Increased desire for a growing virtual workplace, improved employee and management communication and the expansion of outsourcing activities such as contract jobs are just a few factors driving the employee engagement and feedback software market forward. A rise in demand for cloud-based employee engagement software, an increase in demand from retailers and financial institutions, an increase in market research and development activities, and an increase in the online platform solution for employee engagement and feedback are all critical factors accelerating market growth. Growing technology advances, software modernization, and increased demand from emerging nations will create new potential for market expansion over the projection period. The two main constraints, among others, limiting the market's growth are a lack of knowledge about employee engagement and feedback software and an increase in the possibility of rising employee turnover.

Segmental Overview

The global employee engagement and feedback software market is segregated based on deployment type, organizational size, delivery mode, offering type, device type, and region. Based on deployment type, the market is divided into cloud and on-premise. Among these, the on-cloud segment dominated the market in 2021. Based on organizational size, the market is divided into small and medium-sized enterprises (SMEs) and large enterprises. Over the forecast period, the large enterprises segment will dominate the market in 2021.

Based on delivery mode, the market is divided into standalone and integrated. Over the forecast period, the integrated segment will dominate the market in 2021. Based on offering type, the market is divided into turnkey and customized. Over the forecast period, the customized segment will dominate the market in 2021. Based on device type, the market is divided into desktop and handheld. Over the forecast period, the desktop segment will dominate the market in 2021.

Regional Overview

The global employee engagement and feedback software market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global employee engagement and feedback software market in 2021due to a rise in demand from businesses and financial institutions and a boom in online platform solutions for employee engagement and feedback in this area. The region is home to some of the biggest software development firms creating employee engagement and feedback systems.

Some of the largest software development companies in the region are involved in creating employee engagement and feedback software. It is accompanied by the region's technological developments and increasing contract jobs. Organizations in this region are increasingly deploying employee engagement and feedback tools in their operations to improve employee engagement and hence raise the productivity of contract-based personnel.

Report Scope

Competitive Landscape

The report contains qualitative and quantitative research on the global employee engagement and feedback software market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts.

Key players in the global employee engagement and feedback software market include culture Amp Pty Ltd, TINYpulse, Weekdone, Impraise, Achievers Solutions Inc., Reflektive, Bam Creative, Humu, Inc., EightSpokes, Inc., 15Five, Saba Software., Happy, Teambit, SurveySparrow Inc., Bitrix, Inc., People Gauge, Quantum Workplace., paperback, VibeCatch Oy, Qualtrics, Gensuite, Officevibe, Transcend Information, Inc., KaiNexus and WORLDAPP inc., and others.

Recent Development-

• In June 2021, the intelligence dashboard and data feed, two of quantum workplace's improvements to the employee engagement tools, have officially launched. The intelligence dashboard and data stream capabilities will enable businesses and employees to closely monitor and analyze employee performance and business data to spot trends in turnover, engagement, and other workforce characteristics.
• In 2021, Bamboo HR formed strategic alliances with hireflix, leap some, spark hire, and plan to deliver new integrations in performance and engagement technology, video interview technology, and communications technology to its marketplace customers.

Global Employee Engagement and Feedback Software Market are segmented as follows:

By Deployment Type 

• On Cloud
• On-Premise

By Organizational Size 

• Small and Medium-Sized Enterprises (SME)
• Large Enterprises

By Delivery Mode Type 

•  Standalone
•  Integrated

By Offering Type 

• Turnkey
• Customized

By Device Type 

• Desktop
• Handheld

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors
A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com