The Asia Pacific 360 Degree Feedback Software Market would witness market growth of 11.3% CAGR during the forecast period (2023-2030).
The use of 360 degree feedback by businesses to achieve their performance appraisal objectives is particularly prevalent in Southeast Asia. There are various reasons for this, from managing a large number of people to turning to a quicker and more straightforward method of appraisal that produces reliable results. Developed regions use 360 degree feedback to pinpoint employees' areas needing training and further bolster the areas where they are weak by steadfast efforts, unrelenting training, and general development. All organizational endeavors highlight the value of 360 degree feedback.
The need for 360-degree feedback software has grown as firms realize the value of efficient performance management as well as employee development. With this software, firms may collect thorough feedback from various sources, including supervisors, subordinates, peers, and clients, resulting in a more comprehensive evaluation of an employee's strengths and potential growth areas.
One of the largest Internet shopping markets in the world is in Japan. The annual eCommerce sector survey from Japan's Ministry of Economy, Trade, and Industry (METI) was published in August 2022. Business-to-consumer (B2C) eCommerce sales of goods, according to the report, increased by 8.6% in 2021, valuing the B2C eCommerce market at $188.1 billion. Goods sold from business to consumer (B2C) grew by 32.2% compared to 2019. With 360-degree feedback, employers can evaluate an employee's performance from various perspectives, including managers', colleagues', subordinates', and even customers' (where appropriate) opinions. As a result, there will be a boost in demand for these software solutions, which will fuel market expansion in the Asia Pacific region.
The China market dominated the Asia Pacific 360 Degree Feedback Software Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $159.9 million by 2030. The Japan market is registering a CAGR of 10.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 12% during (2023 - 2030).
Based on Application, the market is segmented into Corporate, Education, Travel & Hospitality, Retail and Healthcare. Based on Type, the market is segmented into Installed and Web-based. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide 360 Degree Feedback Software Market is Projected to reach USD 1.9 Billion by 2030, at a CAGR of 10.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Explorance Inc., Qualtrics International Inc. (Silver Lake), Momentive Global Inc., Actus Software, Engagedly, Inc., QuestionPro Survey Software, Trakstar, Lattice, SurveySparrow, Inc. and Smartsurvey
Scope of the Study
Market Segments Covered in the Report:
By Application
- Corporate
- Education
- Travel & Hospitality
- Retail
- Healthcare
By Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Explorance Inc.
- Qualtrics International Inc. (Silver Lake)
- Momentive Global Inc.
- Actus Software
- Engagedly, Inc.
- QuestionPro Survey Software
- Trakstar
- Lattice
- SurveySparrow, Inc.
- Smartsurvey
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific 360 Degree Feedback Software Market, by Application
1.4.2 Asia Pacific 360 Degree Feedback Software Market, by Type
1.4.3 Asia Pacific 360 Degree Feedback Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. Asia Pacific 360 Degree Feedback Software Market by Application
4.1 Asia Pacific Corporate Market by Country
4.2 Asia Pacific Education Market by Country
4.3 Asia Pacific Travel & Hospitality Market by Country
4.4 Asia Pacific Retail Market by Country
4.5 Asia Pacific Healthcare Market by Country
Chapter 5. Asia Pacific 360 Degree Feedback Software Market by Type
5.1 Asia Pacific Installed Market by Country
5.2 Asia Pacific Web-based Market by Country
Chapter 6. Asia Pacific 360 Degree Feedback Software Market by Country
6.1 China 360 Degree Feedback Software Market
6.1.1 China 360 Degree Feedback Software Market by Application
6.1.2 China 360 Degree Feedback Software Market by Type
6.2 Japan 360 Degree Feedback Software Market
6.2.1 Japan 360 Degree Feedback Software Market by Application
6.2.2 Japan 360 Degree Feedback Software Market by Type
6.3 India 360 Degree Feedback Software Market
6.3.1 India 360 Degree Feedback Software Market by Application
6.3.2 India 360 Degree Feedback Software Market by Type
6.4 South Korea 360 Degree Feedback Software Market
6.4.1 South Korea 360 Degree Feedback Software Market by Application
6.4.2 South Korea 360 Degree Feedback Software Market by Type
6.5 Singapore 360 Degree Feedback Software Market
6.5.1 Singapore 360 Degree Feedback Software Market by Application
6.5.2 Singapore 360 Degree Feedback Software Market by Type
6.6 Malaysia 360 Degree Feedback Software Market
6.6.1 Malaysia 360 Degree Feedback Software Market by Application
6.6.2 Malaysia 360 Degree Feedback Software Market by Type
6.7 Rest of Asia Pacific 360 Degree Feedback Software Market
6.7.1 Rest of Asia Pacific 360 Degree Feedback Software Market by Application
6.7.2 Rest of Asia Pacific 360 Degree Feedback Software Market by Type
Chapter 7. Company Profiles
7.1 Explorance Inc.
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Partnerships, Collaborations, and Agreements:
7.1.2.2 Product Launches and Product Expansions:
7.1.3 SWOT Analysis
7.2 Qualtrics International Inc. (Silver Lake)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Research & Development Expenses
7.2.4 Recent strategies and developments:
7.2.4.1 Partnerships, Collaborations, and Agreements:
7.2.4.2 Acquisition and Mergers:
7.2.5 SWOT Analysis
7.3 Momentive Global Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Actus Software
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Engagedly, Inc.
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Questionpro Survey Software
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Trakstar
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Lattice
7.8.1 Company Overview
7.9 SurveySparrow, Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Smartsurvey
7.10.1 Company Overview
7.10.2 SWOT Analysis
TABLE 1 Asia Pacific 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 4 Asia Pacific 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Corporate Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Corporate Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Education Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Education Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Travel & Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Travel & Hospitality Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Retail Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Retail Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 16 Asia Pacific 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Installed Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Installed Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Web-based Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Web-based Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific 360 Degree Feedback Software Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific 360 Degree Feedback Software Market by Country, 2023 - 2030, USD Million
TABLE 23 China 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 24 China 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 25 China 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 26 China 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 27 China 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 28 China 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 29 Japan 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 30 Japan 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 31 Japan 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 32 Japan 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 33 Japan 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 34 Japan 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 35 India 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 36 India 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 37 India 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 38 India 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 39 India 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 40 India 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 41 South Korea 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 42 South Korea 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 43 South Korea 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 44 South Korea 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 45 South Korea 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 46 South Korea 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 47 Singapore 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 48 Singapore 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 49 Singapore 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 50 Singapore 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 51 Singapore 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 52 Singapore 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 53 Malaysia 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 54 Malaysia 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 55 Malaysia 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 56 Malaysia 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 57 Malaysia 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 58 Malaysia 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 59 Rest of Asia Pacific 360 Degree Feedback Software Market, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific 360 Degree Feedback Software Market, 2023 - 2030, USD Million
TABLE 61 Rest of Asia Pacific 360 Degree Feedback Software Market by Application, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific 360 Degree Feedback Software Market by Application, 2023 - 2030, USD Million
TABLE 63 Rest of Asia Pacific 360 Degree Feedback Software Market by Type, 2019 - 2022, USD Million
TABLE 64 Rest of Asia Pacific 360 Degree Feedback Software Market by Type, 2023 - 2030, USD Million
TABLE 65 Key Information – Explorance Inc.
TABLE 66 Key Information – Qualtrics International Inc.
TABLE 67 Key Information – Momentive Global Inc.
TABLE 68 Key Information – Actus Software
TABLE 69 Key Information – Engagedly, Inc.
TABLE 70 Key Information – QuestionPro Survey Software
TABLE 71 Key Information – Trakstar
TABLE 72 Key Information – Lattice
TABLE 73 Key Information – SurveySparrow, Inc.
TABLE 74 Key Information – Smartsurvey
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific 360 Degree Feedback Software Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting 360 Degree Feedback Software Market
FIG 4 Porter’s Five Force Analysis: 360 Degree Feedback Software Market
FIG 5 Asia Pacific 360 Degree Feedback Software Market share by Application, 2022
FIG 6 Asia Pacific 360 Degree Feedback Software Market share by Application, 2030
FIG 7 Asia Pacific 360 Degree Feedback Software Market by Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific 360 Degree Feedback Software Market share by Type, 2022
FIG 9 Asia Pacific 360 Degree Feedback Software Market share by Type, 2030
FIG 10 Asia Pacific 360 Degree Feedback Software Market by Type, 2019 - 2030, USD Million
FIG 11 Asia Pacific 360 Degree Feedback Software Market share by Country, 2022
FIG 12 Asia Pacific 360 Degree Feedback Software Market share by Country, 2030
FIG 13 Asia Pacific 360 Degree Feedback Software Market by Country, 2019 - 2030, USD Million
FIG 14 Recent strategies and developments: Explorance Inc.
FIG 15 SWOT Analysis: Explorance Inc.
FIG 16 Recent strategies and developments: Qualtrics International Inc.
FIG 17 SWOT Analysis: Qualtrics International Inc.
FIG 18 SWOT Analysis: MOMENTIVE GLOBAL INC.
FIG 19 SWOT Analysis: Actus Software
FIG 20 SWOT Analysis: Engagedly, Inc.
FIG 21 SWOT Analysis: QuestionPro Survey Software
FIG 22 SWOT Analysis: Trakstar
FIG 23 SWOT Analysis: SurveySparrow, Inc.
FIG 24 SWOT Analysis: Smartsurvey