Artificial Intelligence
Global Employee Engagement & Feedback Software Market is confronting rising growth potential: Expected to Reach USD 1,908.3 million in 2027
Noida, Dehradun, July 06, 2021 (GLOBE NEWSWIRE) — A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global employee engagement & feedback software market reached USD 878.3 million in 2020 and is further projected to reach USD 1,908.3 million by 2027, growing at a CAGR of 11.8% during 2021-2027 (forecast period). The growth of the global employee engagement & feedback software market has been positively influenced by the rising number of contract workforce, thriving virtual workplace, expanding outsourcing activities, and challenges confronted on the employee engagement front. The employee engagement & feedback software is extremely useful in receiving feedback from employees to identify the accomplishments, efforts poured by employees into the work, and to perform promotional activities. The software is next big opportunity for the corporate world to identify the prevailing gaps between the expected and actual performance of employees. It also recommends suitable employee engagement activities to uplift the work life balance of an organization.
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Rising number of organizations and implementation of advanced technologies is accelerating the growth of the global employee engagement & feedback software market
Employee engagement is becoming a pivotal part of organizations. As organizations are growing, at a faster pace than ever before, the demand for improving the productivity of the organization and the employees, and retain the valuable employees via employee recognition programs, and enhance the transparency across the organization. Employee involvement is another area where the companies can leverage progressive technologies for tracking employee’s working activity and provide suggestions to them for enhancing the delivery of solutions. Such technologies can also be leveraged for enhancing the engagement with employees across different tasks and activities besides the work.
The global employee engagement & feedback software market will experience the rise of learning analytics, the rapidly growing IoT landscape, and advanced Machine Learning (ML) capabilities. Additionally, Artificial Intelligence is also expected to undergo a dynamic shift in employee involvement. In the coming years, HR operations are likely to be governed by AI, the internet of things (IoT), and ML technologies instead of traditional employee engagement & feedback software tools that companies were leveraging earlier. These factors altogether are going to positively contribute to the growth of the global employee engagement & feedback software market.
Increasing adoption of smartphones is augmenting the global employee engagement & feedback software market growth
The rising adoption rates of smartphones across workplaces around the world have encouraged the employees to opt for employee engagement applications, which are easily accessible through smartphones. Desktop-based software involves manual maintenance, such as setting service time alarms and installing updates. In contrast to this, the task delivery through handheld devices consumes less time and improves the overall employee competency of using digital solutions. According to Pew research center, over 52% of the total adults (18-64) surveyed in a poll stated that they have used smartphones depicting that the majority of the population has already received an access to smartphone. As a result of this, rising penetration there has been a growing emphasis on development of applications catering to the demands of an organization to deploy and host employee engagement and feedback features over an app which is helping in enhancing the global employee engagement & feedback software market. Not only can it improved accessibility to advanced technologies, however it can also improve the employee-organization relationship by enhancing the transparency in the workplace. All of the factors aforementioned are augmenting the growth of the global employee engagement & feedback software market.
Large Enterprises segment in the global employee engagement & feedback software market is augmenting the market growth
Based on organization size, the global employee engagement & feedback software market is segmented into small & medium-sized enterprises, and large enterprises. Large enterprises accumulated the largest share in the global employee engagement & feedback software market in 2020. Large organizations are the ones that have confronted the most number of employees being working from home. These organizations have had to run on 50% capacities thereby reducing the employee engagement activities and got severely impacted by the pandemic. However, the global employee engagement & feedback software market confronts a lot of challenges. These organizations cannot be flexible and creative in employee engagement as compared to small and medium enterprises. As a result, many large enterprises are now increasingly embracing the employee engagement & feedback software for keeping track of employees, retaining/collecting data to improve engagement, and record the efficiency of employees via feedback from their colleagues, thus, enabling rising opportunities for the global employee engagement & feedback software market across the large enterprises segment.
On-cloud deployment occupies the largest market share in the global employee engagement & feedback software market
Based on the deployment segmentation, the global employee engagement & feedback software market is segmented into on-premise and on-cloud. The on-cloud based software deployment accounted for the largest share in the global employee engagement & feedback software market. The rising adaptability to work-from-home and the expansion of operations to more remote locations are providing rising growth potential for the cloud-based global employee engagement & feedback software market. The growth can be attributed to several benefits including the scalability options that have enabled the organizations to expand their operation son the cloud, which has exposed more employees to the cloud technologies.
The scalability feature has positively impacted the adoption rates for cloud based software thereby enabling the employees to provide feedback and suggestions online from anywhere around the world. The cloud –based application shave helped in storing more amount of data than it is possible for the on-premises software which has helped organizations to manage the data more effectively than ever before. Additionally, these applications have helped in improving the overall productivity, cost-savings, communication, process efficiency, and other aspects of an organization which has resulted in positively contributing to the growth of the global employee engagement & feedback software market.
Global employee engagement & feedback software Market: Regional Insights
Based on region, the global employee engagement & feedback software market is divided into five regions, North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. North America held the largest share in the global employee engagement & feedback software market in 2020 and is further expected to record an accelerating growth rate over the forecast period. The region is home to some of the biggest software development companies that are engaged in development of employee engagement & feedback software. It is accompanied by the technological advancements confronted by the region and the rising contract jobs across the region. The organizations in this region have been increasingly resorting to the deployment of employee engagement & feedback software in their operations for improving employee engagement, thereby boosting the productivity of contract-based employees. The Asia-Pacific region is expected to register the fastest CAGR in the global employee engagement & feedback software market due to the increasing traction of software, rising workforce and internet subscription rates accompanied by expanding outsourcing activities across the multiple nations of the region.
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COVID-19 Impact Analysis
As soon as the World Health Organization (WHO) declared the novel coronavirus (COVID-19) as a pandemic, countries around the world started enforcing strict lockdown measures for preventing the spread of the virus. The COVID-19 pandemic, however has helped in enhancing the prospective plans for employee engagement & feedback software market thereby propelling the global employee engagement & feedback software market growth. The professional and private lives of employees have been affected tremendously as more and more employees are now working from home thereby abiding to the social distancing norms. Employee engagement and communication has been drastically affected due to the pandemic-infused lockdown. As a result, the companies had started developing apps and software to curb this issue of employee disengagement, thereby bringing the employee engagement & feedback software into the picture.
The leading players in the global employee engagement & feedback software market include Tap My Back, Officevibe, KaiNexus, Teamphoria, Bitrix24, Qualtrics, Synergita, Technology Advice, Quantum Workplace, Zinda, Vocoli, Motivosity, and Transcend, 15 Five, Culture Amp, Tiny Pulse, Weekdone, Impraise, Achievers, Reflektive, BAM Creative, Hyphen, Saba Software, Teambit, SurveySparrow, and others prominent players. The global employee engagement & feedback market is price-sensitive, so players compete intensively in terms of delivering cost-effective and productive services. The companies operating in the global employee engagement & feedback software market are increasingly engaging in mergers & acquisitions for improving their capabilities, product portfolio, and gaining competitive edge over others by enhancing their share in the global employee engagement & feedback software market.
In June 2021, Quantum Workplace, announced theb launch of two of its additions to the employee engagement solutions, the Intelligence Dashboard and Data Feed. The intelligence dashboard and data feed features are going to enabled the organizations as well as the employees for closely monitoring and analyzing the performance of their employees and business data for identifying patterns of engagement, turnover and various other workforce characteristics.
In July 2020, Qualtrics announced the expansion of its partnership with Korn Ferry. Over the past year, the firms had worked upon incorporating Korn Ferry’s “Engaged Performance” framework and integrating the research accumulated onto the Qualtrics XM Platform™. The companies are expecting to launch additional customer innovation inclusive of an extension to Qualtrics’ Action Planning module.
Scope of Report
By Deployment
- On-Premise
- On Cloud
By Organization Size
- Small and Medium-Sized Enterprises
- Large Enterprise
By Offering
- Turnkey
- Customized
By Device
- Desktop
- Handheld
By Region
- North America
- Europe
- The Asia Pacific
- South America
- The Middle East & Africa
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Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
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“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
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“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
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Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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