About Employee Feedback Platform
Employee feedback is information about performance skills and teamwork that employees of the company exchange with each other. Employee feedback platform is the method used for capturing feedback data, analyzing it, and using the results to drive improvements. It helps to increase employees’ job satisfaction and retain talented workers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Employee Feedback Platform is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Systems. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. 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), Culture Amp (Australia), Qualtrics (United States), Weekdone (Estonia), Officevibe (United States), Energage (United States), TinyPulse (United States), Reward Gateway (United Kingdom), Impraise (Netherlands) and RoundPegg (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 Hppy (United States), Glint (United States), Reflektive Labs Private Limited (India) and 6Q (Slovakia).
Segmentation Overview
AMA Research has segmented the market of Global Employee Feedback Platform market by and Region.
On the basis of geography, the market of Employee Feedback Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Feedback Type, the sub-segment i.e. Appreciation will boost the Employee Feedback Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Free will boost the Employee Feedback Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Employee Feedback Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Benchmarking will boost the Employee Feedback Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need for Collaboration between Teams and Employees
Market Growth Drivers:
Increasing Application of Employee Feedback Platform to Improve Employee Performance at all Levels and Growing Demand for Employee Feedback Platform from Various Organizations
Challenges:
Encouraging employees to actively participate can be difficult, especially with anonymous platforms where accountability is less clear.
Restraints:
Lack of Objectivity on the Part of Respondent
Opportunities:
Rising Implementation of Employee Feedback Platform to Develop Trust and Relationships can Create Opportunities for the Market Growth.
Market Leaders and their expansionary development strategies
On 1st October 2021, Qualtrics has acquired Clarabridge. With the acquisition, Qualtrics customers will be able to tune into, analyze and act on everything customers and employees are saying.
On 3rd June 2021, Energage has launched the Partner Program. A Partner Program is designed to meet the need of experts in human resources, public relations, organizational performance, branding, marketing communication, and more. The new launch offers various partnership options to choose the track which best supports the needs of their business.
Key Target Audience
Employee Feedback Platform Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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.