360 Degree Feedback Software Market was valued at USD 1.25 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 10% from 2024 to 2030.
From 2023 to 2033, the 360 Degree Feedback Software market is projected to continue expanding rapidly. This growth will be fueled by the increasing demand for data-driven insights and employee engagement strategies. As businesses seek to create a more inclusive and transparent culture, the need for effective feedback systems will rise. The shift towards AI-driven analytics and real-time feedback is expected to further drive market demand, with organizations using these tools to enhance employee development programs and leadership training. With a growing focus on employee experience and performance optimization, companies will likely integrate these systems with other HR technologies, such as learning management systems (LMS) and performance management platforms.
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The 360 Degree Feedback Software market has undergone significant transformations between 2018 and 2022. During this period, organizations increasingly recognized the importance of comprehensive feedback mechanisms for employee performance. The rise in remote working and the emphasis on employee development and performance management led to a greater adoption of 360 Degree Feedback Software. Companies turned to these tools to gain a holistic view of employee strengths, weaknesses, and potential for growth. These software platforms integrated various feedback sources, including self-assessments, peer reviews, and supervisor evaluations, enabling businesses to improve decision-making in talent management. The market saw a surge in cloud-based solutions and customization options, allowing companies to tailor feedback processes to their unique needs and goals.
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Qualtrics
SVI
Raw Media Group
Performly
Spidergap
Salesforce.com
Impraise
Cornerstone OnDemand
GroSum
LeaderNation
SumTotal Systems
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global 360 Degree Feedback Software Market
Corporation
School
Other
Based on Types the Market is categorized into Below types that held the largest 360 Degree Feedback Software market share In 2023.
Web-based
Client-based
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 360 Degree Feedback Software Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global 360 Degree Feedback Software Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 360 Degree Feedback Software Market, By Type
6. Global 360 Degree Feedback Software Market, By Application
7. Global 360 Degree Feedback Software Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 360 Degree Feedback Software Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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