The purpose of the report is to illustrate the state of the market of Social Employee Recognition Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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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.
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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Social Employee Recognition Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Social Employee Recognition Systems contains:
Analysis and forecast of Social Employee Recognition Systems market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Social Employee Recognition Systems market;
Assessment and forecast of Social Employee Recognition Systems market development;
Financial and business profiles of the leading companies in the Social Employee Recognition Systems industry.
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– Up to date working Social Employee Recognition Systems data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Social Employee Recognition Systems for the period 2018 to 2026
– Planned Social Employee Recognition Systems additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Social Employee Recognition Systems projects by region, key countries, and companies
– Details of major planned Social Employee Recognition Systems projects in the world up to 2026
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