Middle East and Africa Social Employee Recognition System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Platform and Services), Deployment Model (Cloud and On-premise), Reward Type (Gift Cards, Prepaid Cards, Incentive Travel, and Others), and Industry (Retail, IT and Telecom, Healthcare, Media and Entertainment, Travel and Hospitality, Manufacturing, and Others)
Market Introduction
This research report on the “Social Employee Recognition System Market” provides a holistic view of the regional market size across major countries. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends pertaining to the market growth.
Thus, the growing trend of digital workplace transformation are expected to create a significant demand for social employee recognition system in the coming years, which is further anticipated to drive the social employee recognition system market.
Iran has faced the highest number of COVID-19 confirmed cases. Other major countries that are facing the economic impact of COVID-19 include Saudi Arabia, UAE, Egypt, Morocco, and Kuwait. The region comprises many growing economies such as UAE, among others, which are prospective markets for social employee recognition system providers, owing to the huge presence of diverse customer base for the several industries. Currently, the Gulf countries are on the verge of adopting transformative digital technologies in various verticals in a bid to improve the socioeconomic conditions of the countries. However, due to the outbreak, the implementation of stringent measures such as lockdowns, business shutdowns, and travel bans are aggravating the economic problems of the countries in the MEA region. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on the growth of various industries in the region is expected to moderately impact the growth of the social employee recognition system market in 2020.
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Market Overview and Dynamics
The social employee recognition system market in Middle East and Africa is expected to grow from US$ 381.8 million in 2021 to US$ 804.0 million by 2028; it is estimated to grow at a CAGR of 11.2% from 2021 to 2028. Owing to the fact that modern workforce demands motivation in a modern way, social recognition platforms help reinforce professional relationships in both SMEs and large enterprises. With solutions such as social employee recognition platforms, industry verticals such as IT & telecom, manufacturing, retail, and healthcare can strengthen employee–employer bond. Also, the platform helps in optimizing reward costs as per the available budget. Thus, all the benefits offered by employee recognition platforms are driving the growth of market at a regional level.
Key Market Segments
In terms of component, the platform segment accounted for the largest share of the Middle East and Africa social employee recognition system market in 2020. In terms of deployment model, the cloud segment accounted for the largest share of the Middle East and Africa social employee recognition system market in 2020. In terms of reward type, the gift cards segment accounted for the largest share of the Middle East and Africa social employee recognition system market in 2020. In terms of industry, the retail segment accounted for the largest share of the Middle East and Africa social employee recognition system market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the social employee recognition system market in Middle East and Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BI Worldwide, Globoforce Limited (Workhuman), Kudos Inc., Terryberry, and Semos Cloud.
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- To understand the Middle East and Africa Social employee recognition system market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East and Africa region.
Middle East and Africa Social Employee Recognition System Market Segmentation
By Component
- Platform
- Services
By Deployment Model
- Cloud
- On-Premise
By Reward Type
- Gift Cards
- Prepaid Cards
- Incentive Travel
- Others
By Industry
- Retail
- IT and Telecom
- Healthcare
- Media and Entertainment
- Travel and Hospitality
- Manufacturing
- Others
By Country
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Companies Mentioned
- BI Worldwide
- Globoforce Limited (Workhuman)
- Kudos Inc.
- Terryberry
- Semos Cloud
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Social Employee Recognition System Market – By Component
1.3.2 Social Employee Recognition System Market – By Deployment Model
1.3.3 Social Employee Recognition System Market – By Reward Type
1.3.4 Social Employee Recognition System Market – By Industry
1.3.5 Middle East and Africa Social Employee Recognition System Market – By Country
2. Middle East and Africa Social Employee Recognition System Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East and Africa Social Employee Recognition System Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Social Employee Recognition System Market- Middle East and Africa PEST Analysis
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Middle East and Africa Social Employee Recognition System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Trend of Digital Workplace Transformation
5.1.2 Greater Productivity Through Employee Recognition Platforms
5.2 Market Restraints
5.2.1 Lack of Adoption in SMEs
5.3 Market Opportunities
5.3.1 Fast Adoption of Cloud-Based Solutions Among Enterprises for High Scalability
5.4 Future Trends
5.4.1 Integration of Advanced Technologies
5.5 Impact Analysis
6. Social Employee Recognition System Market – Middle East and Africa Analysis
6.1 Middle East and Africa Social Employee Recognition System Market Revenue Forecasts and Analysis
7. Middle East and Africa Social Employee Recognition System Market Analysis and Forecasts To 2028 – By Component
7.1 Overview
7.2 Social Employee Recognition Systems Market, By Component (2020 And 2028)
7.3 Platform
7.3.1 Overview
7.3.2 Platform: social employee recognition system market Revenue and Forecast To 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: social employee recognition system market Revenue and Forecast To 2028 (US$ Million)
8. Middle East and Africa Social Employee Recognition System Market Analysis and Forecasts To 2028 – By Deployment Model
8.1 Overview
8.2 Social Employee Recognition System Market, By Deployment Model (2020 And 2028)
8.3 Cloud
8.3.1 Overview
8.3.2 Cloud: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.2 On-Premise: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
9. Middle East and Africa Social Employee Recognition System Market Analysis and Forecasts To 2028 – By Reward Type
9.1 Overview
9.2 Social Employee Recognition System Market, By Reward Type (2020 and 2028)
9.3 Gift Cards
9.3.1 Overview
9.3.2 Gift Cards: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
9.4 Prepaid Cards
9.4.1 Overview
9.4.2 Prepaid Cards: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
9.5 Incentive Travel
9.5.1 Overview
9.5.2 Incentive Travel: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10. Middle East and Africa Social Employee Recognition System Market Analysis and Forecasts To 2028 –By Industry
10.1 Overview
10.2 Social Employee Recognition System Market, By Industry (2020 and 2028)
10.3 Retail
10.3.1 Overview
10.3.2 Retail: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10.4 IT & Telecom
10.4.1 Overview
10.4.2 IT & Telecom: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10.5 Healthcare
10.5.1 Overview
10.5.2 Healthcare: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10.6 Media & Entertainment
10.6.1 Overview
10.6.2 Media & Entertainment: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10.7 Travel & Hospitality
10.7.1 Overview
10.7.2 Travel & Hospitality: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10.8 Manufacturing
10.8.1 Overview
10.8.2 Manufacturing: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others: Social Employee Recognition System Market Revenue and Forecast To 2028 (US$ Million)
11. Social Employee Recognition System Market Revenue and Forecasts to 2028 – Geographical Analysis
11.1 Middle East and Africa: Social Employee Recognition System Market
11.1.1 Overview
11.1.2 Middle East and Africa: Social Employee Recognition System Market, by Country, 2021 & 2028 (%)
11.1.2.1 South Africa: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 South Africa: Social Employee Recognition System, By Component
11.1.2.1.2 South Africa: Social Employee Recognition System Market, By Deployment Model
11.1.2.1.3 South Africa: Social Employee Recognition System Market, By Reward Type
11.1.2.1.4 South Africa: Social Employee Recognition System Market, By Industry
11.1.2.2 UAE: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 UAE: Social Employee Recognition System, By Component
11.1.2.2.2 UAE: Social Employee Recognition System Market, By Deployment Model
11.1.2.2.3 UAE: Social Employee Recognition System Market, By Reward Type
11.1.2.2.4 UAE: Social Employee Recognition System Market, By Industry
11.1.2.3 Saudi Arabia: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
11.1.2.3.1 Saudi Arabia: Social Employee Recognition System, By Component
11.1.2.3.2 Saudi Arabia: Social Employee Recognition System Market, By Deployment Model
11.1.2.3.3 Saudi Arabia: Social Employee Recognition System Market, By Reward Type
11.1.2.3.4 Saudi Arabia: Social Employee Recognition System Market, By Industry
11.1.2.4 Rest of MEA: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
11.1.2.4.1 Rest of MEA: Social Employee Recognition System, By Component
11.1.2.4.2 Rest of MEA: Social Employee Recognition System Market, By Deployment Model
11.1.2.4.3 Rest of MEA: Social Employee Recognition System Market, By Reward Type
11.1.2.4.4 Rest of MEA: Social Employee Recognition System Market, By Industry
12. Impact Of COVID-19 Pandemic on Middle East and Africa Social Employee Recognition System Market
12.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Merger and Acquisition
13.3 New Development
14. Company Profiles
14.1 BI Worldwide
14.1.1 1.3.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Globoforce Limited (Workhuman)
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Kudos Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Terryberry
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Semos Cloud
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. South Africa: Social Employee Recognition System, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Social Employee Recognition System Market, By Deployment Model – Revenue and Forecast to 2028 (US$ Million)
Table 3. SOUTH AFRICA: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 5. UAE: Social Employee Recognition System, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Social Employee Recognition System Market, By Deployment Model – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Social Employee Recognition System, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 10. Saudi Arabia: Social Employee Recognition System Market, By Deployment Model – Revenue and Forecast to 2028 (US$ Million)
Table 11. Saudi Arabia: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)
Table 12. Saudi Arabia: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Social Employee Recognition System, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of MEA: Social Employee Recognition System Market, By Deployment Model – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of MEA: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of MEA: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)
Table 17. Glossary of Terms, Social Employee Recognition System Market
LIST OF FIGURES
Figure 1. Social Employee Recognition System Market Segmentation
Figure 2. Middle East and Africa Social Employee Recognition System Market Overview
Figure 3. Platform Segment Held Largest Share of Component in Social Employee Recognition System Market
Figure 4. Saudi Arabia is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. Social Employee Recognition System Market - Middle East and Africa PEST Analysis
Figure 6. Social Employee Recognition System Market Impact Analysis of Driver and Restraints
Figure 7. Middle East and Africa Social Employee Recognition System Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. Social Employee Recognition Systems Market, By Component (2020 and 2028)
Figure 9. Platform: social employee recognition system market Revenue and Forecast to 2028 (US$ Million)
Figure 10. Services: social employee recognition system market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Social Employee Recognition System Market, By Deployment Model (2020 and 2028)
Figure 12. Cloud: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. On-premise: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Social Employee Recognition System Market, by Reward Type (2020 and 2028)
Figure 15. Gift Cards: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Prepaid Cards: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Incentive Travel: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Others: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Social Employee Recognition System Market, By Industry (2020 and 2028)
Figure 20. Retail: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. IT & Telecom: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Healthcare: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Media & Entertainment: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Travel & Hospitality: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Manufacturing: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Others: Social Employee Recognition System Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Middle East and Africa: Social Employee Recognition System Market, by Key Country – Revenue (2021) (USD Millions)
Figure 28. Middle East and Africa: Social Employee Recognition System Market, by Country, 2021 & 2028 (%)
Figure 29. South Africa: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
Figure 30. UAE: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Saudi Arabia: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of MEA: Social Employee Recognition System – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- BI Worldwide
- Globoforce Limited (Workhuman)
- Kudos Inc.
- Terryberry
- Semos Cloud
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