According to a new market report published by Acute Market Reports Inc., “Global Social Employee Recognition Systems Market (By Mode of Deployment (On-premise and On-demand/Cloud-based), By End-use Vertical (IT & Telecom, Consumer and Retail, Healthcare, Travel & Hospitality, Manufacturing, and Other End-use Verticals)) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2018 – 2026”, the global social employee recognition systems market is expected to witness a growth of 12.5% CAGR during the forecast period 2018 – 2026.
Browse the full report at “Social Employee Recognition Systems Market”
Product Insights
Businesses across the globe are benefiting from paradigm shift from conventional employee recognition and reward programs to next generation social-enabled technologies supporting pay-for-performance strategies. Social recognition concept has allowed business leaders across the globe to reassess conventional approaches to employee referrals, performance management, and other talent management systems. Thus, increasing adoption of advanced social employee recognition solutions has enabled HRs to streamline and align reward & recognition initiatives with company’s brand and culture. The adoption of social employee recognition solutions has led to significant enhancement in employee engagement and business results. In addition to aforementioned elements, factors which are further fueling adoption of social employee recognition solutions across varied verticals include growing preference for BYOD (Bring Your Own Device) concept and emergence of enterprise social networking platforms like Convo, Yammer, LinkedIn, etc. In addition, growing need for developing internal marketing structures within enterprises to enable efficient planning of monthly targets, activities, and awards with impartiality is expected drive adoption of social employee recognition solutions across business organizations of all sizes.
Competitive Insights:
Some of the major and established players identified in the global social employee recognition systems market include Achievers Corporation, REFFIND Ltd., Kudos, Globoforce, Terryberry, Peoplecart, Ultimate Software, Paramax, Corporate Rewards Ltd., and Incentive Logic among others. The global social employee recognition systems market is fragmented and thus is characterized by the presence of large number of niche players accounting for marginal market share individually.
By Mode of Deployment
By End-use Application
By Geography Segment
About Us
Acute Market Reports is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.
Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-855-455-8662
E-mail: sales@acutemarketreports.com
Understanding the Best AI Side Hustles 2025 The year 2025 is shaping up to be…
Rising Momentum in the Global Alternative Fuel Vehicles Market The global market for Alternative Fuel…
Revolutionizing Next-Gen Mobility: New Automotive Chiplet Technology Sets a Breakthrough Standard for Vehicle Performance and…
Introduction to Antiques and Collectibles There’s a special kind of magic that comes with antiques…
What Are Freighter Aircraft? Freighter aircraft—often called cargo planes—are highly specialized airplanes designed or converted…
A Smart Road represents the next generation of transportation infrastructure — a remarkable blend of…