Global Employee Engagement and Feedback Software Market to witness a surge in its valuation by 2026 at a significant 14.7 % CAGR
Employee engagement shows the degree of the passion of employees towards their job, the level of dedication to the organization, and their readiness to put discretionary effort into the job. It is not a synonym for employee satisfaction which indicates how happy or the content the employees are.
According to BlueWeaves Consulting, Global Employee Engagementand Feedback Software Market size is expected to reach USD 2.13 billion by 2026 from USD 0.817 billion in 2019 at a CAGR of 14.7 % over the forecast period. The increasing contract jobs for professionals, expanding outsourcing activities, growing virtual workplace and challenges faced on the employee engagement front, are expected to drive the market substantially during the forthcoming period.
Employee engagement is the level to which team members feel passionate about their jobs, are dedicated to the organization, and put special efforts into their assignment. It is different from employee satisfaction which shows how happy or content your employees are. Employee engagement is an essential concept that includes subjective and objective parameters to understand and define the nature of the relationship between an organization and its employees. It is a workshop method intended to develop an employee’s feelings and emotional attachment to the company, their job duties and position within the company, their fellow employees, and the company culture. Employee engagement software is a combination of application programs that organizations use to raise employee job fulfillment and retain talented workers.
Global Employee Engagement and Feedback Software Market: Segmentation
Global Employee Engagement and Feedback Software Market are segmented based on the Deployment method (i.e., On-premise, On-cloud), Organization Size (i.e., Small and Medium Size Enterprises, Large Enterprise), Offering (i.e., Turnkey, Customized) and Device (i.e., Desktop, Handheld).
“North America dominates the Employee Engagement and Feedback System Market.”
North America holds a significant market share and is anticipated to continue with it due to a large number of contract-based jobs in the region. The organizations in this region deploy the software for enhancing engagement and boost the productivity of the contact based employees.
“The Leading Players” operating in the Global Employee Engagement and Feedback System Market are The leading players considered for market analysis are Tap My Back, Officevibe, KaiNexus, Teamphoria, Bitrix, Qualtrics, Synergita, Technology Advice, Quantum Workplace, Zinda, Vocoli, Motivosity, and Transcend,15 Five, Culture Amp, Tiny Pulse, Weekdone, Impraise, Achievers, Reflektive, BAM Creative, Hyphen, Saba Software, Teambit, SurveySparrow and others.