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)

Code: TIPRE00026070 | Pages: 116 | Industry: Technology, Media and Telecommunications | Date: Nov 2021 | Type: Regional

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.

 

Reasons to buy report

  • 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
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East and Africa Social employee recognition system market
  • Efficiently plan M&A and partnership deals in Middle East and Africa Social employee recognition system market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East and Africa Social employee recognition system market
  • 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

  1. BI Worldwide
  2. Globoforce Limited (Workhuman)
  3. Kudos Inc.
  4. Terryberry
  5. 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

 

  1. BI Worldwide
  2. Globoforce Limited (Workhuman)
  3. Kudos Inc.
  4. Terryberry
  5. Semos Cloud
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