The Social Employee Recognition Systems Market - Size, Share, Outlook, and Opportunity Analysis, 2021 - 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 (2021-2028), considering 2020 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”