What is Real-Time Feedback Software Market?
Real-time feedback software empowers people to exchange knowledge, experiences, and informal feedback when it can have the most impact. By providing employees a feedback on their performance in real-time allows them to course-correct, and progress quickly. It also leads to more meeting of employees as well as higher retention rates. Moreover, real-time feedback aims to inform employees of their performance much more frequently and in smaller time increments. It helps to keep employees in a consistent loop, of performance, and quality monitoring.
The market study is being classified and major geographies with country level break-up.
15Five (United States), Engagiant Software LLC. (United States), Impraise (United States), Kudos Inc. (Canada), Lattice (United States), Peakon (United Kingdom), Saba Software (United States), TINYpulse (United States) and viGlobal Inc. (Canada) are some of the key players profiled in the study.
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 Real-Time Feedback Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Real-Time Feedback Software market by Type, Application and Region.
On the basis of geography, the market of Real-Time 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, 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.
- Removal of Recency Bias is Fuelling the Market
- Increasing Need for Improvement in Employee Performance
- Introduction of New Technology in Software
- High Costs Associated with the Software Instalment
- Increasing Need for On boarding New Employees More Quickly
- Increase in Quality and Accuracy of Data
- Lack of Awareness Among the Enterprises
Market Leaders and some development strategies
In June 2018, Reflektive which is the real-time performance management cloud company, has announced that it has acquired Shape Analytics which is a real-time intelligence and predictive analytics solution for workforce data.
Key Target AudienceGovernment associations, Research organisations, Software vendors, SMEs, Large enterprises and Others
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