Social Employee Recognition Systems Market, By Deployment (Cloud, On-Premise), By Enterprise Size (SME, Large Enterprise), By Industry (Retail & Consumer Goods, IT & Telecom, Healthcare, Media & Entertainment, Travel & Hospitality, Manufacturing, Others),

Social Employee Recognition Systems Market, By Deployment (Cloud, On-Premise), By Enterprise Size (SME, Large Enterprise), By Industry (Retail & Consumer Goods, IT & Telecom, Healthcare, Media & Entertainment, Travel & Hospitality, Manufacturing, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Social employee recognition systems provide tangible benefits for organizations. A company that does not offer employees any form of recognition may suffer from low morale, employee turnover, and poor relationship with its employees. Thus, these social employee recognition systems are designed to reward an employee's performance and contribute positively to the growth of the organization. This helps to build loyalty among employees and enhance their commitment, engagement, and productivity levels. This employee recognition and reward programs are typically incorporated into the monthly performance appraisal report to keep the metrics on the performance of the company up-to-date.
Market Dynamics
Technological innovations delivered via software-as-a-service (SaaS) applications are expected to boost the global social employee recognition systems market growth over the forecast period. SaaS applications have become an important part of software services in many industries due to technological advancements. SaaS provides numerous advantages including cost-effectiveness, flexible payment methods, enhance scalability, and improved data storage with the cloud. Hence, such factors are expected to boost market growth.
Moreover, the integration of advanced technologies in IT and telecom is expected to accelerate growth of the global social employee recognition systems market in the near future.
Key features of the study:
This report provides in-depth analysis of the social employee recognition systems market , and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global social employee recognition systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include GloboForce Ltd, BI Worldwide, SalesForce.Com, Jive Software, Inc., Aurea, Reffind Ltd, Recognize Services, Inc., Kudos, Inc., Vmware, Inc., and Madison.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global social employee recognition systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global social employee recognition systems market
Detailed Segmentation:
Global Social Employee Recognition Systems Market, By Deployment:
Cloud
On-Premise
Global Social Employee Recognition Systems Market, By Enterprise Size:
SME
Large Enterprise
Global Social Employee Recognition Systems Market, By Industry:
Retail & Consumer Goods
IT & Telecom
Healthcare
Media & Entertainment
Travel & Hospitality
Manufacturing
Global Social Employee Recognition Systems Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
GloboForce Ltd*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
BI Worldwide
SalesForce.Com
Jive Software, Inc.
Aurea
Reffind Ltd
Recognize Services, Inc.
Kudos, Inc.
Vmware, Inc.
Achievers Solutions Inc.
Madison
*Browse all the market data tables and figures on “Global Social Employee Recognition Systems Market- Forecast to 2028”