The Global Employee Experience Management Market size was valued at around USD 6.45 billion in 2023 & is estimated to grow at a CAGR of around 11% during the forecast period, i.e., 2024-30.
Global Employee Experience Management Market Driver:
Continuous Surge in the Demand for Real-Time Performance Management Driving Market Growth – Several organizations are increasingly recognizing the significance of embracing versatile and adaptable strategies to consistently assess, direct, and enhance employee performance. This transition deviates from conventional & sporadic performance evaluations and adopts continuous feedback cycles and instant acknowledgment with real-time performance management. This type of management is in line with the evolving work environment and fulfills the expectations of contemporary employees who desire timely feedback and acknowledgment.
Moreover, the rising digitalization of HR processes across different sectors has boosted the demand for employee experience management solutions that leverage technology. Through the utilization of technology and data analytics, employee experience management solutions empower organizations to efficiently track and address performance metrics, resulting in a workforce that is more engaged and productive. The growing need for real-time performance management within the wider framework of employee experience management signifies a strategic emphasis on establishing a work environment that is responsive, flexible, and supportive, fostering both individual and collective achievements, and is expected to attain a high revenue growth rate during the forecast year.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Employee Experience Management Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Offerings
- Software- Market Size & Forecast 2019-2030, (USD Million)
- Integrated Software- Market Size & Forecast 2019-2030, (USD Million)
- Standalone Software- Market Size & Forecast 2019-2030, (USD Million)
- Employee Survey & Feedback- Market Size & Forecast 2019-2030, (USD Million)
- Employee Engagement- Market Size & Forecast 2019-2030, (USD Million)
- Employee Recognition & Rewards- Market Size & Forecast 2019-2030, (USD Million)
- Employee Performance Management- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- Services- Market Size & Forecast 2019-2030, (USD Million)
- Integration & Implementation- Market Size & Forecast 2019-2030, (USD Million)
- Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
- Training & Development- Market Size & Forecast 2019-2030, (USD Million)
- Software- Market Size & Forecast 2019-2030, (USD Million)
- By Industry
- BFSI- Market Size & Forecast 2019-2030, (USD Million)
- Healthcare- Market Size & Forecast 2019-2030, (USD Million)
- IT/ITes- Market Size & Forecast 2019-2030, (USD Million)
- Telecom- Market Size & Forecast 2019-2030, (USD Million)
- Government- Market Size & Forecast 2019-2030, (USD Million)
- Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
- Others- Market Size & Forecast 2019-2030, (USD Million)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Qualtrics, SAP, Oracle, Microsoft, Workday, Zoom Video Communications, Zoho Corporation, Culture AMP, Achievers, Workleap, Survey Sparrow, 15 Five, Awards Co, Vantage Circle, Quantum Workplace, Others
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