360 Degree Feedback Software Market Report 2026

The 360 degree feedback software market size has grown rapidly in recent years. It will grow from $1.44 billion in 2025 to $1.63 billion in 2026 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to growing emphasis on employee engagement programs, expansion of performance management software adoption, increasing use of structured feedback processes, early adoption of digital hr platforms, rising focus on leadership development.

The 360 degree feedback software market size is expected to see rapid growth in the next few years. It will grow to $2.72 billion in 2030 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to increasing integration of AI-driven talent analytics, rising demand for personalized employee development tools, expansion of remote workforce management solutions, growing focus on continuous performance management, increasing adoption among SMEs. Major trends in the forecast period include increasing adoption of continuous performance feedback tools, rising integration of analytics-driven evaluation systems, growing use of cloud-based feedback platforms, expansion of employee development and coaching features, enhanced focus on leadership effectiveness measurement.

The increasing adoption of remote and hybrid work models is expected to drive the growth of the 360-degree feedback software market in the coming years. Remote and hybrid work models are flexible arrangements in which employees either work entirely from remote locations or divide their time between working remotely and in-office. This shift is largely driven by the rising demand for work-life balance, as employees seek greater flexibility to manage both professional and personal responsibilities more effectively. 360-degree feedback software supports these models by delivering continuous, transparent, and multi-source performance insights, ensuring effective employee development and engagement regardless of location. For example, in February 2023, the Office for National Statistics in the UK reported that between September 2022 and January 2023, among adults who worked in the previous seven days, 16% worked entirely from home, while 28% followed a hybrid arrangement, splitting time between home and commuting. Altogether, 44% worked from home in some form, while 56% worked solely on-site during this period. This demonstrates how the growth of remote and hybrid work models is fueling demand for 360-degree feedback software.

Companies in the 360-degree feedback software market are focusing on innovations such as multi-source performance assessments to provide more comprehensive insights into employee performance and support data-driven talent management strategies. Multi-source performance assessments gather feedback from managers, peers, subordinates, and sometimes clients, giving organizations a broader view of employee strengths and areas for improvement. This approach supports personalized development plans and informed talent management decisions. For instance, in February 2024, ThriveSparrow, a US-based SaaS platform, introduced a 360-degree performance review feature within its employee success platform. This feature enables organizations to streamline the collection of feedback, produce advanced analytical reports, and promote continuous performance improvement. The launch reflects the growing focus on holistic and data-driven approaches to employee development and talent management.

In June 2023, Silver Lake Technology Management L.L.C., a US-based private equity firm, along with Canada Pension Plan Investment Board (CPP Investments), acquired Qualtrics for $12.5 billion. With this acquisition, Qualtrics is set to enter its next stage of growth in experience management, supported by strategic and financial backing from Silver Lake, CPP Investments, and co-investors. This support is expected to accelerate innovation, expand market presence, and deliver greater value to shareholders. Qualtrics, based in the United States, is an experience management company specializing in 360-degree feedback software.

Major companies operating in the 360 degree feedback software market are Zoho Corporation Pvt. Ltd., Rippling Inc., Deel Inc., BambooHR LLC, Culture Amp Pty Ltd., BetterUp Inc., Workleap Inc., QuestionPro Inc., Explorance Inc., Keka Technologies Pvt. Ltd., SurveySparrow Pvt. Ltd., Jotform Inc., Engagedly Inc., Synergita Solutions Pvt. Ltd., Peoplebox Inc., PerformYard Inc., TheySaid Inc., Spidergap Ltd., Leapsome GmbH, Primalogik Inc.

North America was the largest region in the 360 degree feedback software market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 360 degree feedback software market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 360 degree feedback software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The 360-degree feedback software market consists of revenues earned by entities providing services such as multi-rater employee assessments, performance evaluations, feedback collection and analysis, personalized development planning and real-time reporting dashboards. The market value includes the value of related goods sold by the service provider or included within the service offering. The 360-degree feedback software market also includes sales of subscription-based software licenses, cloud-based feedback platforms, on-premise deployment solutions, mobile-enabled feedback applications, and integration modules for HR and performance management systems.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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