Social Employee Recognition Systems Market

Social Employee Recognition Systems Market: Will IT & Telecom Soon Surpass Retail & Consumer Goods in Terms of Adoption: Global Industry Analysis (2013 - 2017) & Opportunity Assessment (2018 - 2028)

  • 2018-04-18
  • REP-GB-2302
  • 254 pages
  • PDF PPT EXCEL
 Social Employee Recognition Systems Market

An Incisive, In-depth Analysis on the Social Employee Recognition Systems Market

This study offers a comprehensive, 360 degree analysis on the Social Employee Recognition Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Social Employee Recognition Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

The market for enterprise social networks and online communities is expanding because of increasing usage of social media websites and software among employees for collaboration, integration, and expert advice. As a result, the proliferating market for enterprise social networks and online communities is expected to pave the way for social employee recognition systems market in near future. The deployment of social employee recognition systems is exponentially high in retail and consumer goods as well as IT and telecom, owing to strong presence of large scale enterprises and hefty expenditure budget. As social employee recognition systems are not a necessity but a value addition that adds up to existing costs, their adoption will possibly remain restricted.

Growing involvement of upper management of retail and consumer goods enterprises is expected to increase deployment of social employee recognition systems

Currently, stable increase in the participation of senior management in employee recognition is providing a much needed push to the social employee recognition market at a steady rate. Some companies have seen enhanced and sturdier growth owing to participation of the senior management in such activities and programmes. These social employee recognition solutions can be app-based owing to which, the senior management can vigorously participate in the events from any location and further recognize and recompense the efforts that the employees and the teams make with the help of social networking web apps in their personal devices. Furthermore, social employee recognition solutions assist employees to informally communicate with their corresponding teams as well as seniors, resulting in escalated employee productivity.

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Moreover, the BYOD trend in this particular sector has been triggering traction since the recent past. Although the trend is currently at a nascent stage in small-scale companies across the globe, a range of growth opportunities for vendors can be identified. Constant technological advances are expected to further support the adoption of BYOD trend by companies in coming years.

Integration of advanced technologies in IT and telecom will surge the demand in near future

Robust advancements in the IT industry are anticipated to create strong growth opportunities for social employee recognition systems. Integration of technologies such as IoT, machine learning, artificial intelligence, and others is expected to lead to the development of social recognition systems with much more capabilities and upgraded performance. Moreover, market players providing social recognition systems integrated with deep learning technologies have been experiencing escalated demand. This scenario has been attributed to improved customer satisfaction, enhanced capabilities, and profitable outcomes. As new technologies continue to assimilate, systems with advanced capabilities will continue to develop, thereby creating healthy opportunities for the market to proliferate over the coming years on a global level.

An outlook of the global information & communication technologies (ICT) sector along with an overview of the social employee recognition systems markets

The global digital ecosystem has been continuously evolving over the last few years. The worldwide ICT sector has witnessed some key disruptions of late and governments of various economies are devising and implementing smart and inclusive regulations to govern sector penetration and facilitate technology connectivity to all parts of the world. Even as the world of technology prepares for a massive revolution with unimaginable advancements powered by machine intelligence, here are some of the key drifts presently trending the global ICT sector:

  • Mobile as the new internet accessibility engine: Currently, about three-fourths of internet usage is through mobile phones, with an increasing usage witnessed in low-income and middle-income countries. Yet, over half the world’s population is bereft of mobile broadband internet services. Mobile data providers have accepted this challenge and are targeting niche, unpenetrated markets with high-speed connectivity offerings to increase their customer base.

  • Cloud computing to shoot beyond the sky: Cloud is a potent catalyst in all technological advances of the 21st Cloud is transforming the way enterprises handle big data, and ICT companies are looking to deploy new mechanisms and tools to “speak to data” and acquire the relevant information capable of impacting cross sector business growth.

  • Swifter integration of networks and technologies: ICT will continue to disrupt industries and with an increasing shift in focus towards cross-functional platforms that integrate networks, devices, and technologies, a structured integration of communication applications and protocols is fueling new service offerings.

  • An app-led technology universe: If mobile is at the heart of the ICT revolution, mobile apps are the arteries that pump in the necessary innovation for survival. The rise of start-ups offering a plethora of mobile apps is set to revolutionize the entire paradigm of the global ICT sector.

  • Cyber readiness is the norm: A rapid digitalization has also upped the risk of cybercrimes and cyber-attacks. Mobile companies are working to build secure ICT servers and networks and cyber readiness is of paramount importance today while introducing new products and services in the global market.

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Market Taxonomy

The global market for social employee recognition systems market has been segmented into:

By Deployment

By Enterprise Type

By Industry Type

Region

  • Cloud

  • On-Premise

  • Small & Medium Enterprises

  • Large Enterprises

  • Retail & Consumer Goods

  • IT & Telecom

  • Healthcare

  • Media & Entertainment

  • Travel & Hospitality

  • Manufacturing

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • SEA and Other APAC

  • Japan

  • China

  • MEA

Social Employee Recognition Systems Market Reports - Table of Contents

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Akshay Godge

Akshay Godge

Client Partner - Global Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

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