According to Markntel Advisors Report, Employee Experience Management Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Employee Experience Management (EXM) refers to the process of designing, delivering, and continuously improving the interactions and experiences that employees have with their organization throughout the entire employee lifecycle. This encompasses all aspects of the employee’s journey, including recruitment, onboarding, training, career development, performance management, compensation, benefits, work environment, and offboarding.
Global Employee Experience Management Market Research Report & Summary:
The Global Employee Experience Management Market size was valued at around USD 6.45 billion in 2023 & is estimated to grow at a CAGR of around 11% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-30
Who are the Key Players Operating in the Employee Experience Management Market?
The top companies of the Employee Experience Management Market ruling the industry are:
Qualtrics, SAP, Oracle, Microsoft, Workday, Zoom Video Communications, Zoho Corporation, Culture AMP, Achievers, Workleap, Survey Sparrow, 15 Five, Awards Co, Vantage Circle, Quantum Workplace, Others
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What is Included in Employee Experience Management Market Segmentation?
The Employee Experience Management Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Offerings
-Software- Market Size & Forecast 2019-2030, (USD Million)
-Integrated Software- Market Size & Forecast 2019-2030, (USD Million)
-Standalone Software- Market Size & Forecast 2019-2030, (USD Million)
-Employee Survey & Feedback- Market Size & Forecast 2019-2030, (USD Million)
-Employee Engagement- Market Size & Forecast 2019-2030, (USD Million)
-Employee Recognition & Rewards- Market Size & Forecast 2019-2030, (USD Million)
-Employee Performance Management- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-Services- Market Size & Forecast 2019-2030, (USD Million)
-Integration & Implementation- Market Size & Forecast 2019-2030, (USD Million)
-Support & Maintenance- Market Size & Forecast 2019-2030, (USD Million)
-Training & Development- Market Size & Forecast 2019-2030, (USD Million)
-By Industry
-BFSI- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare- Market Size & Forecast 2019-2030, (USD Million)
-IT/ITes- Market Size & Forecast 2019-2030, (USD Million)
-Telecom- Market Size & Forecast 2019-2030, (USD Million)
-Government- Market Size & Forecast 2019-2030, (USD Million)
-Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Global Employee Experience Management Market Driver:
Continuous Surge in the Demand for Real-Time Performance Management Driving Market Growth – Several organizations are increasingly recognizing the significance of embracing versatile and adaptable strategies to consistently assess, direct, and enhance employee performance. This transition deviates from conventional & sporadic performance evaluations and adopts continuous feedback cycles and instant acknowledgment with real-time performance management. This type of management is in line with the evolving work environment and fulfills the expectations of contemporary employees who desire timely feedback and acknowledgment.
Moreover, the rising digitalization of HR processes across different sectors has boosted the demand for employee experience management solutions that leverage technology. Through the utilization of technology and data analytics, employee experience management solutions empower organizations to efficiently track and address performance metrics, resulting in a workforce that is more engaged and productive. The growing need for real-time performance management within the wider framework of employee experience management signifies a strategic emphasis on establishing a work environment that is responsive, flexible, and supportive, fostering both individual and collective achievements, and is expected to attain a high revenue growth rate during the forecast year.
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