Employee recognition and reward system refers to a program set up by company to reward performance and motivate employees.
Scope of the Report:This report studies the Employee Recognition and Reward System market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Employee Recognition and Reward System market by product type and applications/end industries.
Every organization needs a reward system to manage compensation, benefits, recognition, and appreciation. Furthermore, this system offers various rewards and recognition program such as peer recognition and employee nomination programs for managers and employee referrals.
Employee recognition and rewards system is expected to experience a significant growth during the forecast period, owing to increase in adoption of cloud-based solutions. Moreover, the benefits such as low cost of deployment & minimum maintenance expenses, enhanced data management, unlimited storing capacity, and access through web & mobile fuel the growth of the market.
The global Employee Recognition and Reward System market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Employee Recognition and Reward System.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers Kudos
Workstride
Kwench
REFFIND
Salesforce
Globoforce
Ultimate
Solterbeck
Workstars
Achivers
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Hardware
software
Market Segment by Applications, can be divided into Healthcare
Manufacturing
IT & Telecom
Transportation & Logistics
BFSI
Retail
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
