360 Degree Feedback Software Market Size, Share, and Analysis, By Type (Installed and Web-based), By Application (Education, Retail, Corporate, Travel & Hospitality, Healthcare, and Others), By Deployment Mode (Cloud-based and On-Premise), and By Region (

360 Degree Feedback Software Market Size, Share, and Analysis, By Type (Installed and Web-based), By Application (Education, Retail, Corporate, Travel & Hospitality, Healthcare, and Others), By Deployment Mode (Cloud-based and On-Premise), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

360 Degree Feedback Software Market Size, Share, and Analysis, By Type (Installed and Web-based), By Application (Education, Retail, Corporate, Travel & Hospitality, Healthcare, and Others), By Deployment Mode (Cloud-based and On-Premise), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

360 Degree Feedback Software Market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 1.0 billion and is projected to reach USD 3.4 billion by the completion of 2034.

360-degree feedback software is a technical tool used by organizations to completely evaluate an individual's performance from multiple perspectives. The feedback is gathered from variety of sources, including peers, managers, employees, and external stakeholders like clients or customers. Subsequently, individuals receive anonymous evaluations from multiple reviewers who collaborated with them during the assessment process. These critics or reviewers inspects an individual's capabilities, behavior, and performance against a predefined criterion. Furthermore, the software provides collection, analysis, and presentation of this feedback, which is frequently done through reports or dashboards. It assists in identifying an individual's strengths, weaknesses, areas for improvement, and developmental needs from a comprehensive viewpoint. Therefore, the objective of 360-degree feedback is to provide an inclusive picture of a person's performance and behavior in the workplace, which allows for better decision-making.

MARKET HIGHLIGHTS

360 Degree Feedback Software Market is projected to achieve USD 3.4 billion during the forecast period, as organizational methods to manage workplace talent has changed. Organizations have started to recognize the importance of detailed evaluation of an employee’s performance, which has triggered a widespread adoption of 360-degree feedback software in performance management strategies. Moreover, companies are looking for ways to identify skill gaps and support individual growth due to increasing focus on the development of employees. These feedback tools provide structured assessments from a variety of perspectives that offer an in-depth overview of strengths and areas for improvement. Technological developments have significantly impacted the market by integrating advanced features such as AI-driven analytics. Therefore, with the evolving technology and growing emphasis on individual growth, the market for 360-degree feedback software is expected to grow significantly.

360 Degree Feedback Software Market Segments:

• By Type
• Installed
• Web-based
• By Application
• Education
• Retail
• Corporate
• Travel & Hospitality
• Healthcare
• Others
• By Deployment Mode
• Cloud-based
• On-Premise

MARKET DYNAMICS

Growth Drivers

Growing Emphasis on Employee Development Will Drive Market Growth

Need for Improved Organizational Efficiency Will Offer Opportunities for Market Growth

Restraint

Resistance To the Adoption of Feedback Software Could Hinder Market Expansion

Key Players

• Qualtrics
• Culture Amp
• Reflektive
• 360-Degree Feedback by Trakstar
• Spidergap
• Cornerstone OnDemand
• SAP SuccessFactors
• Zoho People
• SurveyMonkey
• EchoSpan
• Small Improvements
• Glint
• PerformYard
• Saba TalentSpace
• Clear Review
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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