About Employee Feedback Software
Employee feedback is the health checkup for the organization’s work culture. An employee feedback software helps in evaluating employee engagement and employee satisfaction. These are the principal methods of collecting employee feedback. Employee pulse surveys are the most efficiently used platforms to keep track of employee happiness. This software is used to receive out the opinions and concerns of the employee. Regular surveys give employees a voice to talk about their work culture without hesitation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Employee Feedback 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.
15Five (United States), Saba Software Inc. (United States), Culture Amp (Australia), Impraise (Netherlands), TinyPulse (United States), Peakon (United Kingdom), Achievers (Canada), Glint (United States), Reflektive Inc. (United States), ReviewSnap (United States), Lattice (United States) and Tap My Back (Portugal) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Employee Feedback Software market by Type (Employee Opinion Survey Software, Employee Satisfaction Survey Software, 360 Surveys Software, Employer Improvement Surveys Software and Others) and Region.
On the basis of geography, the market of Employee Feedback 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, Portugal, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Employee Feedback Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Delivery Mode, the sub-segment i.e. Standalone will boost the Employee Feedback Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Employee Feedback 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 Growing Need for Smartphones & Tablets Requiring Employee Feedback Software
Market Growth Drivers:
Rising Demand for Subscription-Based Solution By the users and The Necessity of Employee Feedback Software among Retailers and Educational Institutions
Challenges:
Interoperability Issues and Safety and Security Concerns
Restraints:
Lack of Awareness about the Benefits of Employee Feedback Software
Opportunities:
Increasing Demand for IoT based Employee Engagement Software and Rapid deployment of Enhanced Technologies like AI and Machine Learning
Market Leaders and their expansionary development strategies
In April 2021, 15Five, the leading human-centered performance management platform, has acquired of employee engagement software provider, The acquisition solidifies 15Five as the only complete platform that seamlessly integrates manager enablement, engagement measurement and performance management, to create highly engaged, top-performing organizations.
In March 2021, Bitrix24, the unified workspace, updated its feed to make working with feed posts even more convenient and enjoyable. The upgraded feed features collapsing pinned post. All the pinned posts, in case there are more than two posts, now collapse into a single block, thus, making the software more user-friendly and engaging.
Key Target Audience
Employee Feedback Software Providers, Industry Association, Downstream Vendors and Governmental Bodies
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.