What is Employee Engagement Platform Market?
Employee engagement software allows the enterprises solicit and track feedback from their employees, recognize employee achievements, and promote positive activity. The tools of employee engagement are used to draw actionable insights from employee feedback. Further, the enterprises use employee engagement software to understand employee sentiment, promote company-wide recognition of employee success, and its positive activities that benefit the health or wellness of its employees. The tool also offers users access to libraries of questions that can be used to build custom pulse surveys for distribution among employees.
Highlights from Employee Engagement Platform Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bitrix, Inc. (United States), People Gauge (United Kingdom), Quantum Workplace (United States), Gensuite (United States), Officevibe (Canada), Transcend (United States), VibeCatch (Finland), Qualtrics (United States), KaiNexus (United States), Sparble (United States), Synergita (United States) and Pingboard (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Employee Engagement Platform market throughout the forecasted period.
Bitrix, Inc. (United States), People Gauge (United Kingdom), Quantum Workplace (United States), Gensuite (United States), Officevibe (Canada), Transcend (United States), VibeCatch (Finland), Qualtrics (United States), KaiNexus (United States), Sparble (United States), Synergita (United States) and Pingboard (United States) are some of the key players profiled in the study. Employee Engagement Platform Market Segmentation:
Scope | Sub-Segments |
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Deployment | Web based,Cloud based |
Features | Benchmarking,Employee recognition,Goal management,Performance management,Others |
Industry vertical | IT and Telecommunication,BFSI,Healthcare,Retail,Manufacturing,Education and Government,Others |
Subscription | Monthly,Annually,One-time license |
On the basis of geography, the market of Employee Engagement Platform 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Subscription-Based Solutions from The Users is Predicted to Support the Cloud-Based Segment
Market Growth Drivers:
Need for Increased Productivity, Better Employee Recognition, Retention of Employee and Others and Growing Adoption of Employee Engagement Solution Tools
Challenges:
Reluctance to Adopt New Technology
Restraints:
High Capital Cost Associated with Employee Engagement Solution
Opportunities:
Growing Awareness about the Employee Engagement Software or Solution and Technological Advancements Is Boosting the Market Growth
Key Target Audience
Employee engagement solution providers, Government associations, Research organizations, Software vendors and Others