openPR Logo
Press release

Social Employee Recognition Systems Market Will Grow Robustly at Value CAGR of 14.3% Over 2016-2026

12-07-2017 01:37 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Social Employee Recognition Systems Market Will Grow Robustly

Various social media platforms are gaining adoption across the globe, and this has effectuated a considerable rise in employment of social networking analytic programs. Incidentally, such developments are favouring the use of social media applications in employee recognition software. Blending social media with corporate workforce analysis is being collectively identified as social employee recognition, and systems offering such services are gaining traction across multiple industrial verticals. Future Market Insights’ recent publication on the global social employee recognition system market reveals that by the end of 2016, more than US$ 5,150 Mn worth of revenues were amassed from around the world. The demand for social employee recognition solutions is, thus, anticipated to grow robustly, registering a value CAGR of 14.3%.

By the end of 2026, the global market for social employee recognition solutions will be valued at an estimated US$ 19,586.2 Mn, according to the report. A striking factor that has propelled the adoption of social employee recognition solutions is increasing involvement of senior management in the development of their employees. Activities arranged for employee participation & performance are actively reviewed by senior leaders, and they are doing so in a very informal manner.

Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2302

Big Companies Need Social Employee Recognition Solutions

Such a collaborative approach is easily feasible in large companies and multinational conglomerates. Key excerpts of the report suggest that in 2017 and beyond, large enterprises will dominate the global social employee recognition systems market by closing in on a 70% value share. Revenues emanating from adoption of social employee recognition solutions in such corporate behemoths will surge at a staggering 15% CAGR. By the same token, the market is also anticipated to be dominated by on-premise deployment model, revenues from which are expected to surpass US$ 14,000 Mn by 2026-end.

The report also states how creation of an internal marketing team leads to adoption of social employee recognition services. Such teams work towards communicating with employees in social settings and bestow praises through awards or bonus monetary allowances. A stumbling block for adoption of social employee recognition solutions, however, lies in high implementation costs, coupled with lack of outright employee participation. On the account of expensive implementation, the demand for social employee recognition solutions will lose traction among tight-budgeted small & medium enterprises (SMEs).

Request for Table of Contents @ https://www.futuremarketinsights.com/toc/rep-gb-2302

Impact of BYOD Approach on Global Social Employee Recognition Systems Market

Through 2026, retail & consumer goods will be identified as the largest end-user industry for social employee recognition solutions. Demand for such solutions is also expected to gain traction in IT & telecommunication business. Factors promoting the sales of social employee recognition solutions in such industrial verticals include growing acceptance for Bring Your Own Device (BYOD) approach, and rising presence of enterprise social networking platforms such as LinkedIn, Convo and Yammer. Some of the leading companies participating in the global social employee recognition systems market include GloboForce Ltd., Reffind Ltd., Kudos, Inc., SalesForce.com, Madison, BI Worldwide, Jive Software, Inc., Achievers Corporation, Vmware Inc., and Recognize Services Inc.

In the report, titled “Social Employee Recognition Systems Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” North America has been observed as a dominant region, procuring over one-third of global revenues by the end of forecast period. Adoption of social employee recognition systems will also be significantly high in Western Europe and the Asia-Pacific excluding Japan (APEJ) region. Western Europe’s social employee recognition systems market is being anticipated to proliferate at more than 26% CAGR, indicating that by the end of 2026, the region will rake in revenues worth ten times its present market value. Japan’s social employee recognition system revenues will also soar at more than 20% CAGR, while the APEJ social employee recognition system market will record a gain of 30 BPS during the forecast period.

Report Overview @ https://www.futuremarketinsights.com/reports/social-employee-recognition-systems-market

ABOUT US:

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:

616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Social Employee Recognition Systems Market Will Grow Robustly at Value CAGR of 14.3% Over 2016-2026 here

News-ID: 850263 • Views: 137

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Social

Very social, but not just social media
Which channels are customers’ favourites when it comes to sharing good experiences? By: Graham Ede, Yonder Digital Group “Twice as many people tell others about bad experiences as opposed to the good ones” do you believe in this old adage? If so, you would not be alone, however, latest research commissioned by Yonder Digital Group reveals this common perception is in fact not true. A key game-changer has been the rise of
“Social & Savvy”
It’s almost 2017! A brand new year is fast approaching and let us help you make it memorable. Celebrate New Year’s Eve with Hotel Marine Plaza as you get “Social & Savvy”! Enjoy our Themed New Year Party with snacks and chilled cocktails. Groove to the beats of the DJ . Dance Performance by dance squads at Allamanda terrace. Live band with soft music building up in a class of its own moving
Music Making Becomes Social
Tonition, a social network and market place for music makers, has been founded on Dec 14th in Berlin, Germany. Tonition is home to all individuals engaged in the creation and production of music – from rookie to experienced professional. The location-based service enables users to find like-minded individuals for their music activities. Users can show their music related skills, experience and interests in their profile. In a second step Tonition will
Cincinnati IS Social: A Social Media Infographic
CINCINNATI, OH, June 29, 2012 -- Want to know just how social media savvy Cincinnati is? We scoured the web for statistics and data to show that Cincinnati is indeed a very social city. The full infographic was created by Boot Camp Digital and can be found at www.bootcampdigital.com/cincinnati-social-media-infographic and is free to share and use. Mashable’s Social Media Day is set for June 30, and Cincinnati has a
Social Media Optimization Services
To sustain and vie in the markets, every business must ascertain and apply all the latest innovative methods and technologies and it is applicable equally in the field of advertising besides promotion and one such strategy and technology offered by SEO Step offer is Social Media Optimization. In several ways, it is the reminiscent of viral marketing where a website is made to gain popularity through word of mouth produced with
Levert Marketing Goes Social
Hamilton, Ontario - August 14th 2008 - Levert Marketing, a Canadian Internet marketing company specialized in social media marketing, PPC management and SEO services announces the extension of its business to the most popular online social networks. Since launching its new corporate website last June, the Internet marketing company from Hamilton, ON has been working on solidifying its online presence and is now taking another step forward going social. Since the beginning