Summary
A New Market Study, titled “Employee Engagement Software Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
This report provides in depth study of “Employee Engagement Software Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Employee Engagement Software Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Market Overview
Employee engagement software, or more commonly known as workforce engagement software, is a type of application program, which is generally used to boost the job satisfaction of the employees. This software is also used to retain talented and efficient workers. The main goal behind the application of the software is to help the employees become more engaged with the culture and the mission of the organization. n simple words, employee engagement software helps an organization to increase their workers’ overall productivity and efficiency.
As a conventional management idea, employee engagement software is being used by numerous organizations since the 1990s to motivate their employees and increase their productivity as well as loyalty. However, it was the swift development of the sector of the human resources technologies, which made the employee engagement software popular quite quickly as an HR management tool. The exclusive employee engagement software systems are also known to be optimized for smartphones, which is quite beneficial for part-time employees or those workers who use their phones quite often.
The global market of employee engagement software is presumed to grow at a high CAGR in the forthcoming years as its applications and scopes are rising rapidly across the world. However, this enormous growth is presumed to be seen only in developed countries because of the ever-increasing usage of exclusive technologies, such as machine learning and Artificial Intelligence (A.I.). Some other factors, like the elevated demand for smartphones and tablets, are also considered as the major factors that will drive the overall growth of the employee engagement software market.
Key manufacturers are included based on company profile, sales data and product specifications etc.:
Teamphoria, Officevibe, Qualtrics, TechnologyAdvice, Gensuite, Quantum Workplace, TemboStatus, Transcend, VibeCatch, MyHub Intranet, Ultimate Software, Ving, Jive Software, WorkTango, Sparble, People Gauge, Jostle, Motivosity, Bloomfire, Key Survey, Pingboard, Vocoli, Zinda,l Synergita, Bitrix, KaiNexus, OfficeTimer, Tap My Back
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Market Segmentation
The global market of employee engagement software is usually segmented into type, applications, and region. On the basis of its type, the software market is further segmented into Web-based, On-premise and Cloud-based. Among these types, the Cloud-based market is expected to grow much more than the other two types. Based on its applications, the employee engagement software market is classified into small & medium enterprises and large enterprises. With the increasing number of small as well as medium organizations, this particular segment is expected to grow at a rapid pace.
The market of employee engagement software is segmented regionally into North America, South America, Asia-Pacific, Europe, and Middle East & Africa. Among these regions, the North American market is known to hold the leading position as most of the telecom and IT companies have their main bases here. The usage of exclusive technologies is also considered to be another main factor behind this enormous growth of the North American market. The European region currently holds the second position in this market and is expected to hold its position because of the increasing demand of the software among numerous financial institutes and retailers in the United Kingdom. The Asian region is also presumed to grow at a rapid rate because of the developing countries like India and China.
Because of the increasing popularity of employee engagement software, many new players are entering this market. Thus, to capture this market like some of the big players, they are using numerous exclusive technologies to improve the overall quality of their product even more.
Major Key Points in Table of Content
1 Global Market Overview
2 Regional Market
3 Key Manufacturers
4 Major Application
5 Market by Type
6 ConclusionFig Global Employee Engagement Software Market Size and CAGR 2013-2018 (Million USD)
Continued….
Conclusion
The Global demand for Employee Engagement Software Market is forecast to report strong development driven by consumption in major evolving markets. Region wise government policy, market environment, competitive landscape, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry are all important factors impacting the growth of the market. Since more growth opportunities are expected to come up between 2019 and 2025 compared to a few years ago, it signifies the rapid pace of change and is safe to say that the Employee Engagement Software market development status and future trend is expected to be promising across the world.
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