Global Employee Wellness Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Employee Wellness Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Employee Wellness Software market finds that the global Employee Wellness Software market reached a value of USD 581.96 million in 2022. It’s expected that the market will achieve USD 896.63 million by 2028, exhibiting a CAGR of 7.47% during the forecast period.

Interoperability

As the diversity of medical devices, wearable devices, and healthcare applications continues to grow, a large amount of data is generated, and the employee health management program allows the health data of each employee to be imported into a unified management and monitoring system.

Security flaws

If no additional security measures are taken, employee health software will increase the risk of hacker intrusion and data leakage. 96% of applications in all industries contain open source software, and a large part is vulnerable to open source security issues. In view of the fact that in 2016, information security is considered to be the most important health issue for IT departments.

Legal compliance

Different countries have different laws and regulations for the software industry, but most countries use stricter laws to regulate the software industry.

Region Overview:

In 2021, the share of the Employee Wellness Software market in North America stood at 42.28%.

Company Overview:

Virgin Pulse is one of the major players operating in the Employee Wellness Software market, holding a share of 11.42% in 2022.

LifeWorks

LifeWorks is committed to providing a unified comprehensive welfare solution for employees all over the world. Its mobile-first user experience and anytime, anywhere support services help improve the health of employees and increase productivity. The LifeWorks solution has an ever-improving employee assistance program, communication and community contributions, allowances and savings, rewards and recognition, and health plans. LifeWorks and Morneau Shepell teamed up in 2018 to combine the best user experience and clinical support to achieve comprehensive mental, physical, social and financial well-being for people all over the world.

Achievers

Achievers delivers the cloud-based Employee Success Platform that enables remarkable business success. Designed specifically to meet the complex needs of today changing, modern workplace, it is the most engaging software specifically designed to engage, align and recognize employees. It is software employees love to use every day inover 110 countries. Achievers customers include Deloitte, CVS Pharmacy, ConAgra Foods and Microsoft.

Segmentation Overview:

As for product types, the Cloud based segment held the largest market share in 2021.

Cloud based

Cloud based employee health software is a comprehensive tool suite that can access the cloud from any place in the world that can access the Internet. It can help members of the company's health plan track their health, aggregate health tracking data from connected devices, and Can be used as a mobile access point for health plan services. It can provide organizations with the ability to organize, manage and initiate a strong employee health plan.

On-premise

On-premise employee health software can provide employees with employee health management services in the computers and servers where the software is installed, requiring the company to pay the full price of the software in advance. It needs further monitoring and management internally before use.

Application Overview:

The market's largest segment by application is the segment Large Enterprise, with a market share of 68.63% in 2021.

Key Companies in the global Employee Wellness Software market covered in Chapter 3:

League
Corporate Health Partners
Virgin Pulse
Achievers
Terryberry Wellness
Jiff (Castlight)
MediKeeper
Protocol Driven Healthcare Inc (PDHI)
LifeWorks
Sprout
Changers
CoreHealth Technologies
Cerner Wellness
Limeade

In Chapter 4 and Chapter 14.2, on the basis of types, the Employee Wellness Software market from 2018 to 2029 is primarily split into:

Cloud Based
On-premise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Employee Wellness Software market from 2018 to 2029 covers:

Large Enterprise
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)