North America 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)

Name: North America Social Employee Recognition System Market
SKU: Technology, Media and Telecommunications
Rating: 4.9 (13 reviews)

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.

Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak. The US is a prominent market for social employee recognition system in companies. The huge increase in the number of confirmed cases and rising reported deaths in the country has affected software providers to some extent due to the decrease in demand for their products. The business shutdowns as well as social distancing across the US, Canada, and Mexico are impacting the adoption of the social employee recognition system market. North America region is home to a large number of technology companies, and the impact of coronavirus outbreak is anticipated to be moderate in the year 2020 and likely in first quarter of 2021. The impact of COVID-19 is short-term; it is likely to decrease in the coming years.

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Market Overview and Dynamics

The social employee recognition system market in North America is expected to grow from US$ 2,304.7 million in 2021 to US$ 5,532.4 million by 2028; it is estimated to grow at a CAGR of 13.3% from 2021 to 2028. The deployment of digital technologies and advanced software is permitting enterprises to include innovations in their organizational structure. SaaS is receiving high prominence in a broad array of industries and thus creating substantial revenue for the market. Through SaaS, the enterprises are heavily working on their potential to incorporate and access data at a faster speed. The deployment of SaaS depicts that employee recognition is transforming from a top-down approach to that which builds impressive teamwork via peer-to-peer recognition. With more key companies offering cloud-based employee recognition platform such as Wooboard Technologies Limited; O.C. Tanner; Workstars among many others, the market growth is projected to grow at an exponential rate.

Key Market Segments

In terms of component, the platform segment accounted for the largest share of the North America social employee recognition system market in 2020. In terms of deployment model, the cloud segment accounted for the largest share of the North America social employee recognition system market in 2020. In terms of reward type, the gift cards segment accounted for the largest share of the North America social employee recognition system market in 2020. In terms of industry, the retail segment accounted for the largest share of the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Achievers Solutions Inc., Appreiz Inc., BI Worldwide, Globoforce Limited (Workhuman), Kudos Inc., Terryberry, Semos Cloud, and Nectar HR.

Reasons to buy report

To understand the North America 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 North America Social employee recognition system market
Efficiently plan M&A and partnership deals in North America 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 North America Social employee recognition system market
Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America 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

By Country

North America
- US
- Canada
- Mexico

Companies Mentioned

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 North America Social Employee Recognition System Market – By Country

2. North America Social Employee Recognition System Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Social Employee Recognition System Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 Social Employee Recognition System Market- North America PEST Analysis

4.3 Expert Opinion

4.4 Ecosystem Analysis

5. North America 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 – North America Analysis

6.1 North America Social Employee Recognition System Market Revenue Forecasts and Analysis

7. North America 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. North America 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. North America 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. North America 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 North America: Social Employee Recognition System Market

11.1.1 Overview

11.1.2 North America: Social Employee Recognition System Market, by Country, 2021 & 2028 (%)

11.1.2.1 US: Social Employee Recognition System – Revenue, and Forecast to 2028 (US$ Million)

11.1.2.1.1 US: Social Employee Recognition System, By Component

11.1.2.1.2 US: Social Employee Recognition System Market, By Deployment Model

11.1.2.1.3 US: Social Employee Recognition System Market, By Reward Type

11.1.2.1.4 US: Social Employee Recognition System Market, By Industry

11.1.2.2 Canada: Social Employee Recognition System – Revenue, and Forecast to 2028 (US$ Million)

11.1.2.2.1 Canada: Social Employee Recognition System, By Component

11.1.2.2.2 Canada: Social Employee Recognition System Market, By Deployment Model

11.1.2.2.3 Canada: Social Employee Recognition System Market, By Reward Type

11.1.2.2.4 Canada: Social Employee Recognition System Market, By Industry

11.1.2.3 Mexico: Social Employee Recognition System – Revenue, and Forecast to 2028 (US$ Million)

11.1.2.3.1 Mexico: Social Employee Recognition System, By Component

11.1.2.3.2 Mexico: Social Employee Recognition System Market, By Deployment Model

11.1.2.3.3 Mexico: Social Employee Recognition System Market, By Reward Type

11.1.2.3.4 Mexico: Social Employee Recognition System Market, By Industry

12. Impact Of COVID-19 Pandemic on North America Social Employee Recognition System Market

12.1 North America: 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 Achievers Solutions Inc.

14.1.1 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 Appreiz Inc.

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 BI Worldwide

14.3.1 1.3.1 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 Globoforce Limited (Workhuman)

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 Kudos Inc.

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

14.6 Terryberry

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Semos Cloud

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Nectar HR

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

15. Appendix

15.1 About the Insight Partners

15.2 Glossary of Terms

LIST OF TABLES

Table 1. US: Social Employee Recognition System, By Component –Revenue and Forecast to 2028 (US$ Million)

Table 2. US: Social Employee Recognition System Market, By Deployment Model–Revenue and Forecast to 2028 (US$ Million)

Table 3. US: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)

Table 4. US: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)

Table 5. Canada: Social Employee Recognition System, By Component –Revenue and Forecast to 2028 (US$ Million)

Table 6. Canada: Social Employee Recognition System Market, By Deployment Model–Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico: Social Employee Recognition System, By Component –Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico: Social Employee Recognition System Market, By Deployment Model–Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico: Social Employee Recognition System Market, By Reward Type–Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico: Social Employee Recognition System Market, By Industry–Revenue and Forecast to 2028 (US$ Million)

Table 13. Glossary of Terms, Social Employee Recognition System Market

LIST OF FIGURES

Figure 1. Social Employee Recognition System Market Segmentation

Figure 2. North America Social Employee Recognition System Market Overview

Figure 3. Platform Segment Held Largest Share of Component in Social Employee Recognition System Market

Figure 4. Canada is Expected to Show Remarkable Growth During the Forecast Period

Figure 5. Social Employee Recognition System Market - North America PEST Analysis

Figure 6. Social Employee Recognition System Market Impact Analysis of Driver and Restraints

Figure 7. North America 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. North America: Social Employee Recognition System Market, by Key Country – Revenue (2021) (USD Millions)

Figure 28. North America: Social Employee Recognition System Market, by Country, 2021 & 2028 (%)

Figure 29. US: Social Employee Recognition System – Revenue, and Forecast to 2028 (US$ Million)

Figure 30. Canada: Social Employee Recognition System – Revenue, and Forecast to 2028 (US$ Million)

Figure 31. Mexico: Social Employee Recognition System – Revenue, and Forecast to 2028 (US$ Million)

Figure 32. Impact of COVID-19 Pandemic in North American Country Markets

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