Global Employee Engagement and Feedback Software Market (2020-2026)- by Deployment, Organization Size, Offering, and Device

Global Employee Engagement and Feedback Software Market size is expected to reach USD 2.13 billion by 2026 from USD 0.817 billion in 2019 at a CAGR of 14.7% over the forecast period.

The increasing contract jobs for professionals, expanding outsourcing activities, growing virtual workplace and challenges faced on the employee engagement front, are expected to drive the market substantially during the forthcoming period. Employee Engagement and Feedback software helps the organizations in getting the responses from employees to recognize accomplishments and conduct promotion activities. This software is deployed in the HR Department to improve operational competence and reduce human error. It allows managers and peers to find out the discrepancies between employee performance and engagement and organizational expectations and, helps in devising suitable engagement activities. It is useful to the organizations which find it difficult to retain employees. Most advanced employee engagement software is deployed by Human Resource (HR) departments and they are available on a subscription basis as software or service.