Social Employee Recognition Systems Market, By Deployment (Cloud and On-Premise), By Enterprise Size (SME and Large Enterprise), By Industry (Retail & Consumer Goods, IT & Telecom, Healthcare, Media & Entertainment, Travel & Hospitality, Manufacturing, an
Social Employee Recognition Systems Market, By Deployment (Cloud and On-Premise), By Enterprise Size (SME and Large Enterprise), By Industry (Retail & Consumer Goods, IT & Telecom, Healthcare, Media & Entertainment, Travel & Hospitality, Manufacturing, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The global social employee recognition systems market has seen significant growth in recent years as companies are increasingly acknowledging the importance of recognizing employee efforts and contributions. A recognition system provides an easy platform for companies to appreciate their workers through rewards, incentives, and other social acknowledgments. This helps boost employee morale and engagement levels. With the growing hybrid work culture, social features on recognition platforms play a key role in making remote employees feel valued and connected to their organization. Advanced analytical capabilities on these systems also help management track productivity metrics and performance trends. Global Social Employee Recognition Systems Market is expected to further expand with more organizations implementing such solutions to cultivate a culture of appreciation in the workplace.
Market Dynamics:
The global social employee recognition systems market is driven by the need for companies to retain top talent and maximize employee engagement and productivity. As the hybrid work model becomes more prominent, such platforms help remote employees feel part of the larger organizational culture through social interactions. However, high implementation and maintenance costs of these specialized solutions act as a restraint. Advancements in technologies like Artificial Intelligence (AI) and analytics present an opportunity for vendors to incorporate more powerful analytical tools that assist management with real-time visibility into performance indicators. Furthermore, integrating recognition systems with other HR platforms allows automated reward disbursement, eliminating manual efforts. The market also faces challenge from open-source and free recognition apps, which provides basic features.
Key Features of the Study:
This report provides an in-depth analysis of the global social employee recognition systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue growth 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 approvals, 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 Achievers, BambooHR, Bonusly, Culture Amp, Emplify, Engagedly, Globoforce, Kazoo, Kenexa, Kudos, Motivosity, Nectar, Peerboard, Peanut Butter Bots, Qatalog, Reward Gateway, Sodexo Engage, Soylent, Terryberry, and Workstars.
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:
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 Regional
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players Insights
Achievers
BambooHR
Bonusly
Culture Amp
Emplify
Engagedly
Globoforce
Kazoo
Kenexa
Kudos
Motivosity
Nectar
Peerboard
Peanut Butter Bots
Qatalog
Reward Gateway
Sodexo Engage
Soylent
Terryberry
Workstars
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Deployment
Market Snippet, By Enterprises Size
Market Snippet, By Industry
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
4. Global Social Employee Recognition Systems Market, By Deployment, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Cloud
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
On-Premise
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
5. Global Social Employee Recognition Systems Market, By Enterprises Size, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
SME
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Large Enterprise
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
6. Global Social Employee Recognition Systems Market, By Industry, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Retail & Consumer Goods
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
IT & Telecom
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Healthcare
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Media & Entertainment
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Travel & Hospitality
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Manufacturing
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
Others
Introduction
Market Size and Forecast, 2019–2031, (US$ Bn)
7. Global Social Employee Recognition Systems Market, By Region, 2019-2031 (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
North America
Regional Trends
Market Size and Forecast, By Deployment, 2019–2031 (US$ Bn)
Market Size and Forecast, By Enterprises Size, 2019–2031 (US$ Bn)
Market Size and Forecast, By Industry, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Deployment, 2019–2031 (US$ Bn)
Market Size and Forecast, By Enterprises Size, 2019–2031 (US$ Bn)
Market Size and Forecast, By Industry, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Deployment, 2019–2031 (US$ Bn)
Market Size and Forecast, By Enterprises Size, 2019–2031 (US$ Bn)
Market Size and Forecast, By Industry, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Deployment, 2019–2031 (US$ Bn)
Market Size and Forecast, By Enterprises Size, 2019–2031 (US$ Bn)
Market Size and Forecast, By Industry, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Deployment, 2019–2031 (US$ Bn)
Market Size and Forecast, By Enterprises Size, 2019–2031 (US$ Bn)
Market Size and Forecast, By Industry, 2019–2031 (US$ Bn)
Market Share Analysis, By Country, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
Achievers
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
BambooHR
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Bonusly
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Culture Amp
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Emplify
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Engagedly
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Globoforce
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kazoo
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kenexa
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Kudos
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Motivosity
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Nectar
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Peerboard
Peanut Butter Bots
Qatalog
Reward Gateway
Sodexo Engage
Soylent
Terryberry
Workstars
9. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About us and Sales Contact
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