South and Central 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)

Code: TIPRE00026071 | Pages: 110 | 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.

In the SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in SAM are taking several initiatives to protect people and to control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. The sharp decline in the business profits in the region due to lockdown measures is expected to directly impact the adoption of the social employee recognition system market in this region. The sharp decline in business earnings and limited potential to adopt new technology are expected to directly affect the growth rate of the social employee recognition system market in this region for the next few months. However, the countries in the region are significantly seeking for FDI to implement advanced technologies, which in turn lead to increased demand for solutions that easy the management of events and operations. The increase in recognition programs further provide opportunities for the social employee recognition system market players who operate globally to gain the advantage of growing demand for volunteer platform solutions in this region. As a result, the market for social employee recognition system is anticipated to grow in the coming years.

 


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Market Overview and Dynamics

The social employee recognition system market in South and Central America is expected to grow from US$ 257.1 million in 2021 to US$ 491.8 million by 2028; it is estimated to grow at a CAGR of 9.7% from 2021 to 2028. Advanced technologies: A few sophisticated social recognition solutions are coming up in the market by leveraging the latest technologies such as machine learning. Several types of software with new technologies are urging enterprises to provide meaningful and in-depth insights regarding the performance of employees and organizations. It also facilitates recommendations for turnover/income with a few predictive elements.

 

Key Market Segments

In terms of component, the platform segment accounted for the largest share of the South and Central America social employee recognition system market in 2020. In terms of deployment model, the cloud segment accounted for the largest share of the South and Central America social employee recognition system market in 2020. In terms of reward type, the gift cards segment accounted for the largest share of the South and Central America social employee recognition system market in 2020. In terms of industry, the retail segment accounted for the largest share of the South and Central 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 South and Central America 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 South and Central 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 South and Central America Social employee recognition system market
  • Efficiently plan M&A and partnership deals in South and Central 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 South and Central America Social employee recognition system market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

 

South and Central 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

  • Retail
  • IT and Telecom
  • Healthcare
  • Media and Entertainment
  • Travel and Hospitality
  • Manufacturing
  • Others

 

By Country

  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

 

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        South and Central America Social Employee Recognition System Market – By Country

2.           South and Central America Social Employee Recognition System Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           South and Central America Social Employee Recognition System Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        Social Employee Recognition System Market- South and Central America PEST Analysis

4.3         Expert Opinion

4.4         Ecosystem Analysis

5.           South and Central 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 – South and Central America Analysis

6.1         South and Central America Social Employee Recognition System Market Revenue Forecasts and Analysis

7.           South and Central 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.           South and Central 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.           South and Central 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.        South and Central 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      South and Central America: Social Employee Recognition System Market

11.1.1     Overview

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

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

11.1.2.1.1       Brazil: Social Employee Recognition System, By Component

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

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

11.1.2.1.4       Brazil: Social Employee Recognition System Market, By Industry

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

11.1.2.2.1       Argentina: Social Employee Recognition System, By Component

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

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

11.1.2.2.4       Argentina: Social Employee Recognition System Market, By Industry

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

11.1.2.3.1       Rest of SAM: Social Employee Recognition System, By Component

11.1.2.3.2       Rest of SAM: Social Employee Recognition System Market, By Deployment Model

11.1.2.3.3       Rest of SAM: Social Employee Recognition System Market, By Reward Type

11.1.2.3.4       Rest of SAM: Social Employee Recognition System Market, By Industry

12.        Impact Of COVID-19 Pandemic on South and Central America Social Employee Recognition System Market

12.1      South and Central 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      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.             Brazil: Social Employee Recognition System, By Component –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

Table 1.             Glossary of Terms, Social Employee Recognition System Market

 


LIST OF FIGURES

Figure 1.           Social Employee Recognition System Market Segmentation

Figure 2.           South and Central America Social Employee Recognition System Market Overview

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

Figure 4.           Rest of SAM is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.           Social Employee Recognition System Market - South and Central America PEST Analysis

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

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

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

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

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

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

Figure 32.        Impact of COVID-19 Pandemic in South and Central America Country Markets

 

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