Social Employee Recognition Systems Market: Global Industry
Analysis and Opportunity Assessment, 2016-2026
April 2017
Report Id : REP-GB-2302
Published On : Apr-2017
Category : Electronics, Semiconductors, and ICT
©2015 Future Market Insights, All Rights Reserved
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Research Methodology (1/2)
Systematic Research Approach
1
Market profiling
2
Formulating discussion guide
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Developing list of respondents
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In-depth secondary research is used to
ascertain overall market size, top
industry players, top products, industry
associations, etc.
PMR formulates a detailed discussion
guide to conduct expert and industry
interviews
PMR develops a list of industry players
(manufacturers), distributors, retailers
and industry experts
Data collection
PMR conducts interviews with industry
experts, industry players, distributors
and retailers
Data validation
Data is validated by triangulation
method, wherein secondary, primary
and PMR analysis contribute to the final
data
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Data analysis
Insights
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Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
PMR delivers industry insights and
information in the required format
(PDF)
Data
Collection
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Research &
Intelligence
Data Filter
& Analysis
Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Actionable
Insights
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Primary
Research
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B
SOLUTION
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Market participants
Key strengths
Product portfolio
Mapping as per value chain
Key focus segments
Primary Research #
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Linkedin
Zoominfo
Salesforce
Avention
Business
Solution
Desk
Research
C
Key industry experts
Channel study
Developments
Market dynamics
Products
Conclusions
Company
Analysis
Secondary Research #
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Company websites
Company annual
reports
White papers
Financial reports
Paid Publications#
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Factiva
GBI
Genios
Meltwater
# includes sources of databases
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Social Employee Recognition Systems Market
Social Networking Analytics Propel the Global Demand for Social Employee Recognition Systems
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.
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Social Employee Recognition Systems Market
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).
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.
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Social Employee Recognition Systems Market
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.
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Table of Content
1. Global Social Employee Recognition Market- Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Market Overview
4.1. Introduction
4.1.1. Social Employee Recognition Market Definition
4.1.2. Social Employee Recognition Market Taxonomy
4.1.3. Market Overview
4.2. Social Employee Recognition Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Value Chain
4.4. Global Social Employee Recognition Market Forecast, 2016-2026
4.4.1. Social Employee Recognition Market Size (Value) Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
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Table of Content
4.5. Social Employee Recognition Market Snapshot (2015)
4.5.1. Market overview By Deployment Type
4.5.2. Market overview By Enterprise Type
4.5.3. Market overview By Industry
5. Global Social Employee Recognition Market Analysis, By Deployment Type
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Deployment Type
5.1.2. Basis Point Share (BPS) Analysis, By Deployment Type
5.2. Global Social Employee Recognition Market Forecast By Deployment Type
5.2.1. Cloud
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Size Forecast
5.2.2. On-Premise
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Size Forecast
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Table of Content
5.3. Global Social Employee Recognition Market Attractiveness Analysis, By Deployment Type
5.4. Prominent Trends
6. Global Social Employee Recognition Market Analysis, By Enterprise Type
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Enterprise Type
6.1.2. Basis Point Share (BPS) Analysis, By Enterprise Type
6.2. Global Social Employee Recognition Market Forecast By Enterprise Type
6.2.1. Small & Medium Enterprise
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Size Forecast
6.2.2. Large Enterprise
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Size Forecast
6.3. Global Social Employee Recognition Market Attractiveness Analysis, By Enterprise Type
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Table of Content
7. Global Social Employee Recognition Market Analysis, By Industry
7.1. Introduction
7.1.1. Y-o-Y Growth Comparison, By Industry
7.1.2. Basis Point Share (BPS) Analysis, By Industry
7.2. Global Social Employee Recognition Market Forecast, By Industry
7.2.1. Retail & Consumer Goods
7.2.1.1. Absolute $ Opportunity
7.2.1.2. Market Size Forecast
7.2.2. IT & Telecom
7.2.2.1. Absolute $ Opportunity
7.2.2.2. Market Size Forecast
7.2.3. Healthcare
7.2.3.1. Absolute $ Opportunity
7.2.3.2. Market Size Forecast
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