Social Employee Recognition Systems Market

Market Insights

Social employee recognition systems are developed to recognize and appreciate an employee’s contribution to the overall growth of an organization. Employee appreciation for involvement and efforts invested at regular intervals is important to boost their morale. In addition to perks and incentives, organizations need to take care of the psychological needs of their employees, as this has a direct impact on employee productivity. Given a healthy work environment, employees go the extra mile to set benchmarks for their peers, thereby improving competition among peers. This, in turn, helps businesses improve productivity and profit margins. Thus, social employee recognition systems have become an integral element of human resources in business organizations of almost all sizes.

The proliferation of social media is one of the major factors having a positive impact on the overall growth of the market for social employee recognition systems. Business organizations are inclined towards using social media platforms for employee recognition, giving employees a positive sense of being appreciated on a public forum. These systems are fast gaining ground across multiple industry verticals, such as IT & telecom, retail, healthcare, hospitality, and media, among others. In addition, with continual advancements in technology and growing awareness regarding the benefits of appreciating employees for their work, demand for social employee recognition systems is expected to witness strong growth in the coming years. The social employee recognition systems market is estimated to grow at a CAGR of 12.5% during the forecast period of 2018–2026.

The global social employee recognition systems market is classified into the following categories:

By Mode of Deployment

• On-premise
• Cloud-based/On-demand

End-use application

• Consumer & Retail
• IT & Telecom
• Healthcare
• Manufacturing
• Travel & Hospitality
• Others (media, etc.)

By Region

• North America
• The U.S.
• rest of North America

Europe

• The U.K.
• Germany
• France
• Rest of Europe

Asia-Pacific (APAC)

• India
• China
• Japan
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa

The research study titled “Global Social Employee Recognition Systems Market: Growth, Future Prospects, and Competitive Analysis, 2018–2028” provides a qualitative analysis of the global social employee recognition systems market, together with market sizing and forecasts for the duration of 2016–2026. The research study segments the social employee recognition systems based on the mode of deployment, end-use verticals, and cross-sectional analysis for different geographic regions. It provides a holistic view of market drivers, opportunities, and challenges prevailing in the industry. Furthermore, the study provides insights into the key trends prevailing in the market.

To aid strategic decision-makers and investors in making decisions, the study covers the competitive landscape, which includes a profile of leading vendors offering social employee recognition systems, their key business strategies, market positioning, and recent developments. Some of the major manufacturers profiled in the research study include

Other analysis offered in the report includes the following:

• Relative analysis of different segments for the years 2017 and 2026
• The market size in previous years (2016 and 2017)
• Segment-Region-Country Analysis

The research study offers a 360-degree view of the global social employee recognition systems market, providing market forecasts while keeping in mind the aforementioned factors.

Based on the mode of deployment, the global social employee recognition systems market is segmented into the following categories:

• On-premise
• Cloud-based/On-demand

Their contribution to the global social employee recognition systems market in 2016 and 2025 is as shown in the figure below:

In 2016, the revenue contribution from on-premise social employee recognition solutions outnumbered on-demand social employee recognition solutions. Despite the fact that many business enterprises now prefer cloud-based models, large and established businesses remain more reliant on on-premise system installations. Thus, on-premises systems are presumed to register reasonable growth during the forecast period of 2018–2026. Furthermore, benefits offered in terms of customization and security are expected to keep demand for on-premise systems steady during the forecast period. On the other hand, cloud-based social employee recognition systems are presumed to register strong growth during the forecast period of 2018–2026. The benefits offered by a cloud-based model, including no need for additional IT investment, easy and limited maintenance, flexibility, automated software updates, and disaster recovery, support the adoption of cloud-based social employee recognition solutions across varied industry verticals.

On the basis of geography, the global market for social employee recognition systems is segmented into the following regions and countries:

• North America

• • United States
  • rest of North America
• Europe
  • United Kingdom
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • Middle East and Africa

The following figure represents the contribution of different regions to the global market for social employee recognition systems in 2017.

In terms of market value, North America led the social employee recognition systems market worldwide in 2017. The region accounted for over one-third of the global market value in the same year. The U.S. represents the largest individual social employee recognition systems market in North America and worldwide. This dominance can be largely credited to a combination of factors, including technological innovations, widespread acceptance of BYOD (bring your own device), and other favorable employee workplace concepts. The trend is expected to continue, with the region retaining its dominant position by 2026. On the other hand, Asia Pacific is anticipated to offer a steady revenue stream with growing awareness and use of social platforms like LinkedIn, Facebook, etc., by enterprises to recognize employees for their hard work toward the company’s success. With growing emphasis on employee morale as a concept, demand for social employee recognition systems is expected to improve during the forecast period of 2018–2026.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Social Employee Recognition System Market Snapshot

3. Global Social Employee Recognition System Market Analysis
3.1. Global Social Employee Recognition System Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted

4. Global Social Employee Recognition System Market Revenue, By Mode of Deployment , 2016 – 2026 (US$ Mn)
4.1. Market Analysis
4.2. On-premise
4.3. On-demand/Cloud-based

5. Global Social Employee Recognition System Market Revenue, By End-use Application , 2016 – 2026 (US$ Mn)
5.1. Market Analysis
5.2. Consumer & Retail
5.3. IT & Telecom
5.4. Healthcare
5.5. Manufacturing
5.6. Travel & Hospitality
5.7. Others (Media, etc.)

6. North America Social Employee Recognition System Market Analysis, 2016 – 2026 (US$ Mn)
6.1. North America Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
6.1.1. On-premise
6.1.2. On-demand/Cloud-based
6.2. North America Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
6.2.1. Consumer & Retail
6.2.2. IT & Telecom
6.2.3. Healthcare
6.2.4. Manufacturing
6.2.5. Travel & Hospitality
6.2.6. Others (Media, etc.)
6.3. North America Social Employee Recognition System Market Revenue, By Country, 2016 – 2026 (US$ Mn)
6.3.1. U.S.
6.3.1.1. U.S. Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
6.3.1.2. U.S. Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
6.3.2. Canada
6.3.2.1. Canada Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
6.3.2.2. Canada Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)

7. Europe Social Employee Recognition System Market Analysis, 2016 – 2026 (US$ Mn)
7.1. Europe Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
7.1.1. On-premise
7.1.2. On-demand/Cloud-based
7.2. Europe Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
7.2.1. Consumer & Retail
7.2.2. IT & Telecom
7.2.3. Healthcare
7.2.4. Manufacturing
7.2.5. Travel & Hospitality
7.2.6. Others (Media, etc.)
7.3. Europe Social Employee Recognition System Market Revenue, By Region, 2016 – 2026 (US$ Mn)
7.3.1. U.K.
7.3.1.1. U.K. Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
7.3.1.2. U.K. Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
7.3.2. Germany
7.3.2.1. Germany Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
7.3.2.2. Germany Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
7.3.3. France
7.3.3.1. France Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
7.3.3.2. France Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
7.3.4.2. Rest of Europe Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)

8. Asia Pacific Social Employee Recognition System Market Analysis, 2016 – 2026 (US$ Mn)
8.1. Asia Pacific Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
8.1.1. On-premise
8.1.2. On-demand/Cloud-based
8.2. Asia Pacific Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
8.2.1. Consumer & Retail
8.2.2. IT & Telecom
8.2.3. Healthcare
8.2.4. Manufacturing
8.2.5. Travel & Hospitality
8.2.6. Others (Media, etc.)
8.3. Asia Pacific Social Employee Recognition System Market Revenue, By Country, 2016 – 2026 (US$ Mn)
8.3.1. Japan
8.3.1.1. Japan Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
8.3.1.2. Japan Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
8.3.2. China
8.3.2.1. China Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
8.3.2.2. China Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
8.3.3. India
8.3.3.1. India Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
8.3.3.2. India Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
8.3.4.2. Rest of Asia Pacific Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)

9. Rest of World Social Employee Recognition System Market Analysis, 2016 – 2026 (US$ Mn)
9.1. Rest of World Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
9.1.1. On-premise
9.1.2. On-demand/Cloud-based
9.2. Rest of World Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
9.2.1. Consumer & Retail
9.2.2. IT & Telecom
9.2.3. Healthcare
9.2.4. Manufacturing
9.2.5. Travel & Hospitality
9.2.6. Others (Media, etc.)
9.3. Rest of World Social Employee Recognition System Market Revenue, By Region, 2016 – 2026 (US$ Mn)
9.3.1. Latin America
9.3.1.1. Latin America Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
9.3.1.2. Latin America Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
9.3.2.2. Middle-East and Africa Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)

10. Company Profiles
10.1. Achievers Corp
10.2. REFFIND Ltd.
10.3. Kudos
10.4. Globoforce
10.5. Terryberry
10.6. Peoplecart
10.7. Ultimate Software
10.8. Paramax
10.9. Corporate Rewards Ltd.
10.10. Incentive Logic

List of Figures

FIG. 1 Global Social Employee Recognition System: Market Segmentation
FIG. 2 Global Social Employee Recognition System Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Social Employee Recognition System Market, By Mode of Deployment, 2017 (US$ Mn)
FIG. 5 Global Social Employee Recognition System Market, By End-use Application, 2017 (US$ Mn)
FIG. 6 Global Social Employee Recognition System Market, By Geography, 2017 (US$ Mn)
FIG. 7 Global Social Employee Recognition System Market Revenue and Growth, 2016 – 2026, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Social Employee Recognition System Market
FIG. 9 Market Positioning of Key Industry Participants, 2015
FIG. 10 Global Social Employee Recognition System Market Revenue Contribution, By Mode of Deployment, 2016 & 2025 (Value %)
FIG. 11 Global On-premise Social Employee Recognition System Market Revenue and Growth, 2016 – 2026, (US$ Mn)
FIG. 12 Global On-demand/Cloud-based Social Employee Recognition System Market Revenue and Growth, 2016 – 2026, (US$ Mn)
FIG. 13 Global Social Employee Recognition System Market Revenue Contribution, By End-use Application, 2017 & 2026 (Value %)
FIG. 14 Global Social Employee Recognition System Market Revenue and Growth for Consumer & Retail Applications, 2016 – 2026, (US$ Mn)
FIG. 15 Global Social Employee Recognition System Market Revenue and Growth for IT & Telecom Applications, 2016 – 2026, (US$ Mn)
FIG. 16 Global Social Employee Recognition System Market Revenue and Growth for Healthcare Applications, 2016 – 2026, (US$ Mn)
FIG. 17 Global Social Employee Recognition System Market Revenue and Growth for Manufacturing Applications, 2016 – 2026, (US$ Mn)
FIG. 18 Global Social Employee Recognition System Market Revenue and Growth for Travel & hospitality Applications, 2016 – 2026, (US$ Mn)
FIG. 19 Global Social Employee Recognition System Market Revenue and Growth for Other Applications, 2016 – 2026, (US$ Mn)
FIG. 20 North America Social Employee Recognition System Market Revenue and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 21 Europe Social Employee Recognition System Market Revenue and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 22 Asia Pacific Social Employee Recognition System Market Revenue and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 23 RoW Social Employee Recognition System Market Revenue and Growth, 2015– 2025, (US$ Mn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Social Employee Recognition System Market
TABLE 2 Evolution of Social Employee Recognition System
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 6 North America Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 7 North America Social Employee Recognition System Market Revenue, By Country, 2016 – 2026 (US$ Mn)
TABLE 8 U.S. Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 9 U.S. Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 10 Canada Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 11 Canada Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 12 Europe Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 13 Europe Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 14 Europe Social Employee Recognition System Market Revenue, By Country, 2016 – 2026 (US$ Mn)
TABLE 15 U.K. Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 16 U.K. Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 17 France Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 18 France Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 19 Germany Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 20 Germany Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE21 Rest of Europe Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 22 Rest of Europe Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 23 Asia Pacific Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 24 Asia Pacific Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 24 Asia Pacific Social Employee Recognition System Market Revenue, By Country, 2016 – 2026 (US$ Mn)
TABLE 25 China Social Employee Recognition System Market Revenue, By Mode of Deployment, 2015- 2025 (US$ Mn)
TABLE 26 China Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 27 Japan Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 28 Japan Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 29 India Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 30 India Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 31 Rest of Asia Pacific Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 32 Rest of Asia Pacifc Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 33 Rest of World Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 34 Rest of World Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 35 Rest of World Social Employee Recognition System Market Revenue, By Region, 2016 – 2026 (US$ Mn)
TABLE 36 Latin America Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 37 Latin America Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)
TABLE 38 Middle-East and Africa Social Employee Recognition System Market Revenue, By Mode of Deployment, 2016 – 2026 (US$ Mn)
TABLE 39 Middle-East Social Employee Recognition System Market Revenue, By End-use Application, 2016 – 2026 (US$ Mn)