Organizations are focusing towards increasing their investments to improve their employee satisfaction with workplace engagement. This software is available in both desktop and handheld devices. As the adoption of smartphones is increasing, this has made employers to opt for such solutions as they can be easily operated. Software companies customized their offerings to provide mobile applications for such software. Handheld devices increase scalability of tasks results that improves the employee engagement plans in one’s organization. Mobile applications are budget friendly for the employers which come under customized offerings.
Such devices reduces delivery time with increased operational efficiency. In the upcoming years, the adoption of integrated customized solutions will increase, as their will be advancement and innovation in features and functionalities of these software and their usage amongst employers, will extend the functionality and ease of accessibility. This will in turn boost the overall market growth in future years. Upgrading its features, installing updates and improved user experience is easier on handheld devices as compared to desktop based software. North America accounts for the largest market share of overall market. However, the emerging market would witness significant growth in coming years. Adoption from small enterprises will increase over the forecast period since customized offerings from the companies with competitive pricing will drive the growth of the employee engagement and feedback software market.
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The detailed research study provides qualitative and quantitative analysis of Global Employee Engagement and Feedback Software Market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
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By Organization Size
- In terms of revenue, global employee engagement and feedback software market is expected to reach at US$ 1,638.6 million by 2027 owing to increasing adoption of solutions for handheld devices.
- Based on deployment mode, cloud based segment is expected to witness a CAGR of 15.4% from 2019 to 2027, due to increasing demand for software as a service solutions amongst the large as well as small medium enterprises across the globe.
- Based on organization size small and medium sized enterprises is expected to exhibit the highest CAGR over the forecast period, as the investments are increasing from small and medium enterprises for customized and budget friendly solutions
- Geographically, the North America employee engagement and feedback software market is expected to register market share of 37.8% by 2026. The increasing number of contract jobs prompt employers to opt for employee engagement and feedback software
- Key industry participants are Hyphen, TINYpulse, Wills Tower Watson, Lattice, Emplify, Clarity Wave and BeeKeeper AG amongst others.
By Delivery Mode
- Small and Medium Sized Enterprises
- Large Enterprise
- North America
- Rest of North America
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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