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)
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
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- 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
- 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 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
- BI Worldwide
- Globoforce Limited (Workhuman)
- Kudos Inc.
- Terryberry
- Semos Cloud
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