The Social Employee Recognition Systems Market was valued at $5.8289 Million in 2022 and is projected to reach $14.6485 million by 2030. It is expected to grow at a CAGR of 14.1% from 2022 to 2030.

Social Employee Recognition Systems Market Overview

The Social Employee Recognition System was built to evaluate the contribution of employees to the growth of the organization. To boost employee morale and appreciate employee engagement on important projects, these systems are valuable. Due to the technological novelty, social employee recognition systems are widely implemented in organizations of almost all sizes.
In addition to perks and rewards, you must also take care of your employees' mental needs. When employees feel positive about their organization, their productivity doubles. These employees go the extra mile in certain areas to set new milestones. So, boosting morale becomes important in these scenarios. So social recognition in the workplace is an important aspect of human resources, and the power of employee recognition makes for a great workplace.

The Social Employee Recognition Systems has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Social Employee Recognition Systems market.

Some Of the key players study are the

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: GloboForce Ltd, SalesForce.Com, Reffind Ltd, Achievers Corporation, Kudos, Inc., Madison, Vmware, Inc., Recognize Services, Inc., Jive Software, Inc., BI Worldwide., and others.

Industry Development:

• In September 2021, Toronto-based Achievers announced a new software platform aimed at improving the way organizations engage and perceive their employees. The Achievers Employee Experience Platform is live and available now.
• In September 2021, Toronto-based Achievers announced a new software platform aimed at improving the way organizations engage and perceive their employees. The Achievers Employee Experience Platform is live and available now.
• In October 2018, Jive Software, a leading provider of employee experience solutions and part of Aurea, announced that Vodafone Ukraine was awarded the Gold Step Two 2018 Intranet and Digital Workplace Award for its Jive-powered enterprise community.

What are the major Applications, Types, and Regions for the Social Employee Recognition Systems Market?

Segments Covered         

• Component
• Deployment Model
• Reward Type
• Industry

By Type

• On-Premise
• Cloud

By Application

• Healthcare
• Manufacturing, IT and Telecom
• Travel and Hospitality, Retail and Consumer Goods
• Media and Entertainment
• Others

Social Employee Recognition Systems Market Regional Insights:

Europe held the dominant position in the global Social Employee Recognition Systems market in 2020 with a share of 31.9% on a quantitative basis, followed by North America and Asia Pacific respectively.
The United States is home to most of the world's major tech companies and has a very advanced approach to digital in most industries. The country is home to many rapidly evolving and expanding companies, all of which are trying to build a skilled workforce model with their employees, and social employee recognition systems have proven to be the best in achieving this goal. Growing awareness of the effectiveness of recognition and the need to develop a profitable workplace culture are major factors driving the sale of social employee recognition systems and solutions in the United States.

Geographically, the global Social Employee Recognition Systems market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Social Employee Recognition Systems Market report scope:

Frequently Asked Questions (FAQ) about the Social Employee Recognition Systems market:

What is the CAGR of the global Social Employee Recognition Systems market?

The Social Employee Recognition Systems Market is growing at a CAGR of 14.1% During Forecast Period.

Which region would offer high growth for vendors in the Social Employee Recognition Systems market?

Europe held the dominant position in the global Social Employee Recognition Systems market in 2020 with a share of 31.9% on a quantitative basis, followed by North America and Asia Pacific respectively.

Which Is the Most potential market segment?

By Types- On-Premise, Cloud

By Applications - Healthcare, Manufacturing, IT and Telecom, Travel and Hospitality, Retail and Consumer Goods, Media and Entertainment, Others

Which are the top industry players in the Social Employee Recognition Systems market?

GloboForce Ltd, SalesForce.Com, Reffind Ltd, Achievers Corporation, Kudos, Inc., Madison, Vmware, Inc., Recognize Services, Inc., Jive Software, Inc., BI Worldwide.

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