About Employee Engagement Software
Employee Engagement Software also is known as workforce engagement software is involved in helping organizations to track and solicit feedback. It is used to raise job satisfaction of the employee and managed by Human resource (HR). The software runs on a subscription basis and is also involved in drawing actionable insights from employee feedback. Further, Growth in volatile factors political factors that are affecting developed countries and rising use of enhanced technologies like artificial intelligence (AI) and machine learning is driving the global employee engagement software market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Global Employment Engagement Software market is fragmented with top national and international players. These players are concentrating on market growth to withstand themselves amongst the fierce competition. For instance, February 2018, Limeade, an employee engagement company, launched its Hearts and Mind campaign to announce its market position as an employee engagement platform that builds great places to work by improving well-being and strengthening workplace culture. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Employee Engagement Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Teamphoria (United States), Officevibe (Canada), Qualtrics (United States), TechnologyAdvice (United States), Gensuite (United States), Quantum Workplace (United States), TemboStatus (Canada), Transcend (Taiwan), VibeCatch (Finalnd), MyHub Intranet (Australia), Ultimate Software (United States), Jive Software (United States), WorkTango (Canada), Sparble (Belgium), People Gauge (India), Jostle (Canada) and Motivosity (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Bloomfire (United States), Key Survey (United States), Pingboard (United States), Vocoli (United States) and Engagedly Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Employee Engagement Software market by Type (Web-based, On-premise and Cloud-based), Application (Small and Medium Enterprise and Large Enterprise) and Region.
On the basis of geography, the market of Employee Engagement Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End users, the sub-segment i.e. IT and Telecommunication will boost the Employee Engagement Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus of Software Developers on Developing Solutions Compatible with Smart Consumer Devices and Introduction of IoT and 5G Technology
Market Growth Drivers:
Rising Demand for Subscription-Based Solution By the users, The Necessity of Employee Engagement Software among Retailers and Educational Institutions and Growing Need for Smartphones & Tablets Requiring Employee Engagement Softwares
Challenges:
Interoperability Issues and Safety and Security Concerns
Restraints:
Lack of Awareness about the Benefits of Employee Engagement Software
Opportunities:
Increasing Demand for IoT based Employee Engagement Softwares and Rapid deployment of Enhanced Technologies like AI and Machine Learning
Market Leaders and their expansionary development strategies
In April 2023 , CatalystOne Solutions, one of the leading Scandinavian suppliers of HR-systems, recently announced a strategic partnership with Swedish employee engagement platform, Winningtemp.The new API will provide an integration between the two solutions, whereby CatalystOne and Winningtemp customers can automatically sync their employee and organisational information across the two platforms.
In December 4, 2023, Zoom has launched Zoom Surveys, an engagement tool intending to maximise employee productivity. Zoom Surveys provides users with the ability to create and edit surveys and polls and share them with employees and customers. and April 2019, Willis Towers Watson a leading global advisory, broking, and solutions company, has new release of its Willis Towers Watson Employee Engagement Software. The enhanced software now includes an Advanced Analytics module for its employee survey platform. This new capability is an add-on to existing Willis Towers Watson Employee Engagement Software and is now available for implementation. The module enhances the software’s analytical capabilities by integrating and analyzing multiple sources of survey data alongside an organization’s own human resource information systems (HRIS) data.
Key Target Audience
Employee Engagement Software Manufacturers, Employee Engagement Software Distributors/Traders/Wholesalers, Employee Engagement Software Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.