The latest report by IMARC Group, titled “Employee Engagement Software Market by Deployment Mode (Cloud-Based, On-premises), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Function (Onboarding, Training, Collaboration and Interaction, Customer Service, Rewards and Recognitions, and Others), Industry (Retail, BFSI, Government, Healthcare, IT and Telecom, Hospitality, Manufacturing, and Others), and Region 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global employee engagement software market growth. The global market size reached US$ 945.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,825.9 Million by 2032, exhibiting a growth rate (CAGR) of 12.93% during 2024-2032.
Increasing Focus on Employee Experience:
As organizations recognize the importance of employee satisfaction and productivity, they are investing more in tools and technologies that enhance the overall employee experience. Employee engagement software plays a crucial role in facilitating communication, feedback, recognition, and collaboration, thereby contributing to improved employee engagement levels.
Rise in Remote Work and Distributed Teams:
The widespread adoption of remote work arrangements, accelerated by advancements in technology and changes in work culture, has created a need for solutions that can effectively engage and connect remote employees. Employee engagement software provides remote workers with the means to stay connected with their colleagues, managers, and the organization as a whole, fostering a sense of belonging and engagement.
Emphasis on Data-Driven Decision Making:
Employers are increasingly relying on data analytics to understand employee behavior, preferences, and performance. Employee engagement software offers robust analytics and reporting capabilities, enabling organizations to gather insights into engagement levels, identify areas for improvement, and measure the impact of engagement initiatives. This data-driven approach allows companies to make informed decisions and tailor their strategies to effectively boost employee engagement.
Competitive Landscape with Key Player:
- 15five Inc.
- Bitrix24
- Culture Amp Pty Ltd.
- Lattice
- Leapsome GmbH
- Quantum Workplace
- Salesforce Inc.
- Transcend Engagement LLC
- Vantage Circle
- Workvivo Limited
- Xoxoday Emplus
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/employee-engagement-software-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Deployment Mode Insights:
- Cloud-Based
- On-premises
Enterprise Size Insights:
- Large Enterprises
- Small and Medium Enterprises
Function Insights:
- Onboarding
- Training
- Collaboration and Interaction
- Customer Service
- Rewards and Recognitions
- Others
Industry Insights:
- Retail
- BFSI
- Government
- Healthcare
- IT and Telecom
- Hospitality
- Manufacturing
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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