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Employee Recognition and Reward System-Global Market Insights and Sales Trends 2025
Synopsis
Employee recognition and reward system refers to a program set up by to reward performance and motivate employees.
The global Employee Recognition and Reward System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Employee Recognition and Reward System in various end use industries. The expanding demands from the Healthcare, Manufacturing, IT & Telecom and Transportation & Logistics, are propelling Employee Recognition and Reward System market. Cloud, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the On-Premises segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Employee Recognition and Reward System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Employee Recognition and Reward System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Employee Recognition and Reward System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Employee Recognition and Reward System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Employee Recognition and Reward System covered in this report include Kudos, Workstride, Kwench, REFFIND, Salesforce, Globoforce, Ultimate, Solterbeck and Workstars, etc.
The global Employee Recognition and Reward System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kudos
Workstride
Kwench
REFFIND
Salesforce
Globoforce
Ultimate
Solterbeck
Workstars
Achivers
Global Employee Recognition and Reward System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Employee Recognition and Reward System market, Segment by Type:
Cloud
On-Premises
Global Employee Recognition and Reward System market, by Application
Healthcare
Manufacturing
IT & Telecom
Transportation & Logistics
BFSI
Retail
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Employee Recognition and Reward System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Employee recognition and reward system refers to a program set up by to reward performance and motivate employees.
The global Employee Recognition and Reward System market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Employee Recognition and Reward System in various end use industries. The expanding demands from the Healthcare, Manufacturing, IT & Telecom and Transportation & Logistics, are propelling Employee Recognition and Reward System market. Cloud, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the On-Premises segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Employee Recognition and Reward System, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Employee Recognition and Reward System market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Employee Recognition and Reward System market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Employee Recognition and Reward System sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Employee Recognition and Reward System covered in this report include Kudos, Workstride, Kwench, REFFIND, Salesforce, Globoforce, Ultimate, Solterbeck and Workstars, etc.
The global Employee Recognition and Reward System market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Kudos
Workstride
Kwench
REFFIND
Salesforce
Globoforce
Ultimate
Solterbeck
Workstars
Achivers
Global Employee Recognition and Reward System market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Employee Recognition and Reward System market, Segment by Type:
Cloud
On-Premises
Global Employee Recognition and Reward System market, by Application
Healthcare
Manufacturing
IT & Telecom
Transportation & Logistics
BFSI
Retail
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Employee Recognition and Reward System companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Employee Recognition and Reward System
1.1 Employee Recognition and Reward System Market Overview
1.1.1 Employee Recognition and Reward System Product Scope
1.1.2 Employee Recognition and Reward System Market Status and Outlook
1.2 Global Employee Recognition and Reward System Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Employee Recognition and Reward System Market Size by Region (2018-2029)
1.4 Global Employee Recognition and Reward System Historic Market Size by Region (2018-2023)
1.5 Global Employee Recognition and Reward System Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Employee Recognition and Reward System Market Size (2018-2029)
1.6.1 North America Employee Recognition and Reward System Market Size (2018-2029)
1.6.2 Europe Employee Recognition and Reward System Market Size (2018-2029)
1.6.3 Asia-Pacific Employee Recognition and Reward System Market Size (2018-2029)
1.6.4 Latin America Employee Recognition and Reward System Market Size (2018-2029)
1.6.5 Middle East & Africa Employee Recognition and Reward System Market Size (2018-2029)
2 Employee Recognition and Reward System Market by Type
2.1 Introduction
2.1.1 Cloud
2.1.2 On-Premises
2.2 Global Employee Recognition and Reward System Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Employee Recognition and Reward System Historic Market Size by Type (2018-2023)
2.2.2 Global Employee Recognition and Reward System Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Employee Recognition and Reward System Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Employee Recognition and Reward System Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Employee Recognition and Reward System Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Employee Recognition and Reward System Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Employee Recognition and Reward System Revenue Breakdown by Type (2018-2029)
3 Employee Recognition and Reward System Market Overview by Application
3.1 Introduction
3.1.1 Healthcare
3.1.2 Manufacturing
3.1.3 IT & Telecom
3.1.4 Transportation & Logistics
3.1.5 BFSI
3.1.6 Retail
3.1.7 Others
3.2 Global Employee Recognition and Reward System Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Employee Recognition and Reward System Historic Market Size by Application (2018-2023)
3.2.2 Global Employee Recognition and Reward System Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Employee Recognition and Reward System Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Employee Recognition and Reward System Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Employee Recognition and Reward System Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Employee Recognition and Reward System Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Employee Recognition and Reward System Revenue Breakdown by Application (2018-2029)
4 Employee Recognition and Reward System Competition Analysis by Players
4.1 Global Employee Recognition and Reward System Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Employee Recognition and Reward System as of 2022)
4.3 Date of Key Players Enter into Employee Recognition and Reward System Market
4.4 Global Top Players Employee Recognition and Reward System Headquarters and Area Served
4.5 Key Players Employee Recognition and Reward System Product Solution and Service
4.6 Competitive Status
4.6.1 Employee Recognition and Reward System Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Kudos
5.1.1 Kudos Profile
5.1.2 Kudos Main Business
5.1.3 Kudos Employee Recognition and Reward System Products, Services and Solutions
5.1.4 Kudos Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.1.5 Kudos Recent Developments
5.2 Workstride
5.2.1 Workstride Profile
5.2.2 Workstride Main Business
5.2.3 Workstride Employee Recognition and Reward System Products, Services and Solutions
5.2.4 Workstride Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.2.5 Workstride Recent Developments
5.3 Kwench
5.3.1 Kwench Profile
5.3.2 Kwench Main Business
5.3.3 Kwench Employee Recognition and Reward System Products, Services and Solutions
5.3.4 Kwench Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.3.5 REFFIND Recent Developments
5.4 REFFIND
5.4.1 REFFIND Profile
5.4.2 REFFIND Main Business
5.4.3 REFFIND Employee Recognition and Reward System Products, Services and Solutions
5.4.4 REFFIND Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.4.5 REFFIND Recent Developments
5.5 Salesforce
5.5.1 Salesforce Profile
5.5.2 Salesforce Main Business
5.5.3 Salesforce Employee Recognition and Reward System Products, Services and Solutions
5.5.4 Salesforce Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.5.5 Salesforce Recent Developments
5.6 Globoforce
5.6.1 Globoforce Profile
5.6.2 Globoforce Main Business
5.6.3 Globoforce Employee Recognition and Reward System Products, Services and Solutions
5.6.4 Globoforce Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.6.5 Globoforce Recent Developments
5.7 Ultimate
5.7.1 Ultimate Profile
5.7.2 Ultimate Main Business
5.7.3 Ultimate Employee Recognition and Reward System Products, Services and Solutions
5.7.4 Ultimate Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.7.5 Ultimate Recent Developments
5.8 Solterbeck
5.8.1 Solterbeck Profile
5.8.2 Solterbeck Main Business
5.8.3 Solterbeck Employee Recognition and Reward System Products, Services and Solutions
5.8.4 Solterbeck Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.8.5 Solterbeck Recent Developments
5.9 Workstars
5.9.1 Workstars Profile
5.9.2 Workstars Main Business
5.9.3 Workstars Employee Recognition and Reward System Products, Services and Solutions
5.9.4 Workstars Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.9.5 Workstars Recent Developments
5.10 Achivers
5.10.1 Achivers Profile
5.10.2 Achivers Main Business
5.10.3 Achivers Employee Recognition and Reward System Products, Services and Solutions
5.10.4 Achivers Employee Recognition and Reward System Revenue (US$ Million) & (2018-2023)
5.10.5 Achivers Recent Developments
6 North America
6.1 North America Employee Recognition and Reward System Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Employee Recognition and Reward System Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Employee Recognition and Reward System Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Employee Recognition and Reward System Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Employee Recognition and Reward System Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Employee Recognition and Reward System Market Dynamics
11.1 Employee Recognition and Reward System Industry Trends
11.2 Employee Recognition and Reward System Market Drivers
11.3 Employee Recognition and Reward System Market Challenges
11.4 Employee Recognition and Reward System Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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