Industry Background:
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) |
Key Companies Profiled | 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) |
This growth is primarily driven by 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.
Globally, a noticeable market trend is evident Focus of Software Developers on Developing Solutions Compatible with Smart Consumer Devices
Major Players, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
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.
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
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Employee Engagement Software Market
- Analysis about New Entrants in Employee Engagement Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Employee Engagement Software Study Sheds Light on
The Employee Engagement Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Employee Engagement Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Employee Engagement Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.