According to the latest report by IMARC Group, titled, “Employee Engagement Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global employee engagement software market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
The global employee engagement software market size reached US$ 826.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,825 Million by 2028, exhibiting a growth rate (CAGR) of 14.37% during 2023-2028.
Employee engagement software is a technological platform that aims to enhance and optimize the employee experience within an organization. It offers a comprehensive range of functions and features, including surveys, feedback mechanisms, performance management tools, collaboration platforms, training modules, recognition and rewards systems, onboarding processes, analytics capabilities, and reporting functionalities. Employee engagement software is commonly utilized by HR professionals, managers, executives, team leaders, and consultants to measure, monitor, and analyze employee engagement levels. It enables organizations to identify areas for improvement and develop adequate strategies to enhance employee satisfaction, productivity, and retention. Employee engagement software even helps improve communication channels, strengthen recognition programs, support employee development, and ensure data-driven decision-making. Consequently, it finds widespread applications across various sectors, including retail, telecommunications, healthcare, information technology (IT), hospitality, manufacturing, banking, etc.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/employee-engagement-software-market/requestsample
The employee engagement software market is primarily driven the rising digital transformation in workplaces and the elevating need for an efficient digital tool that streamlines administrative tasks, reduces manual labor, boosts productivity, improves operational efficiency, and automates processes such as data collection, survey distribution, performance evaluations, and recognition programs. Additionally, the increasing adoption of the software to facilitate virtual communication, collaboration, and engagement among remote teams in the work-from-home culture is further catalyzing the market growth. Besides this, the expanding usage of cloud-based employee engagement software that facilitates cost-effectiveness, enhanced security, easy accessibility, scalability, automatic updates, and data recovery is acting as another significant growth-inducing factor. Moreover, the growing incorporation of gamification elements into employee engagement software, such as points, badges, and leaderboards to foster healthy competition, increases engagement, and incentivize desired behavior and contributions, is also positively influencing the global market. Apart from this, the escalating integration of artificial intelligence (AI) in employee engagement software to provide valuable insights into employee data, analyzes trends, predict engagement levels, and supports data-driven decision-making are expected to bolster the employee engagement software market over the forecasted period.
The report has segmented the market into the following categories:
Deployment Mode Insights:
Cloud-Based
On-premises
Enterprise Size Insights:
Large Enterprises
Small and Medium Enterprises
Function Insights:
Onboarding
Training
Collaboration and Interaction
Customer Service
Rewards and Recognitions
Others
Industry Insights:
Retail
BFSI
Government
Healthcare
IT and Telecom
Hospitality
Manufacturing
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
The report covers the major market players including:
15five Inc.
Bitrix24
Culture Amp Pty Ltd.
Lattice, Leapsome GmbH
Quantum Workplace
Salesforce Inc.
Transcend Engagement LLC
Vantage Circle
Workvivo Limited
Xoxoday Emplus, etc.
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=8095&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group