The Asia Pacific Employee Engagement Software Market would witness market growth of 18.3% CAGR during the forecast period (2023-2029).
A variety of industries have shown the value of feedback-driven systems. Although it has yet to become a common HR practice, an increasing number of large organizations are using continual feedback on employee performance. Real-time performance management tools will improve employee and human resource specialists' access to team performance.
The interests of employees are primarily centered on career development and professional success. They want to work in a position that enables them to grow both personally and professionally as individuals. The environment in which people can learn, develop, and advance in their careers must be maintained by organizations. To match the staff with the organization's goals, businesses are investing in employee training and development as well as proper mentorship programs.
Japan has one of the biggest online shopping markets in the world. Japan's Ministry of Economy, Trade, and Industry (METI) released its annual survey of the eCommerce sector in August 2022. It said that business-to-consumer (B2C) eCommerce sales of goods rose by 8.6% in 2021 compared to the previous year, putting the B2C eCommerce sector's value at $188.1 billion. Compared to 2019, sales of goods from business to consumer (B2C) increased by 32.2%. For the retail industry to run smoothly and keep up with its growth, it will need a large staff and higher productivity. This will increase the demand for employee engagement software and help the market grow in the Asia-Pacific region.
The China market dominated the Asia Pacific Employee Engagement Software Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $203.2 million by 2029. The Japan market is estimated to grow a CAGR of 17.6% during (2023 - 2029). Additionally, The India market would experience a CAGR of 19.1% during (2023 - 2029).
Based on Vertical, the market is segmented into Telecom & IT, Healthcare, Retail, Government, Manufacturing, BFSI, Hospitality and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Function, the market is segmented into Collaboration & Interaction, Training, Onboarding, Customer Service, Rewards & Recognitions, and Others. 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 Employee Engagement Software Market is Projected to reach USD 2.6 Billion by 2029, at a CAGR of 17.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 15Five, Inc., Degree, Inc. (Lattice), Smartly, Inc., Vantage Circle (Bargain Technologies Private Limited), Nreach Online Services Private Limited (Gift Management Asia Pte Ltd), Workvivo Limited, Synergita Software Private Limited (Aspire Systems Group), Leapsome GmbH, Kudos, Inc. and Culture Amp Pty Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- Telecom & IT
- Healthcare
- Retail
- Government
- Manufacturing
- BFSI
- Hospitality
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Deployment Type
By Function
- Collaboration & Interaction
- Training
- Onboarding
- Customer Service
- Rewards & Recognitions
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 15Five, Inc.
- Degree, Inc. (Lattice)
- Smartly, Inc.
- Vantage Circle (Bargain Technologies Private Limited)
- Nreach Online Services Private Limited (Gift Management Asia Pte Ltd)
- Workvivo Limited
- Synergita Software Private Limited (Aspire Systems Group)
- Leapsome GmbH
- Kudos, Inc.
- Culture Amp Pty Ltd.
TABLE 1 Asia Pacific Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Telecom & IT Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Telecom & IT Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Retail Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Retail Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Government Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Government Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific BFSI Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific BFSI Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Hospitality Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Other Vertical Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Other Vertical Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Small & Medium Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 27 Asia Pacific Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 29 Asia Pacific On-premise Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific On-premise Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific Cloud Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Cloud Market by Country, 2023 - 2029, USD Million
TABLE 33 Asia Pacific Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 35 Asia Pacific Collaboration & Interaction Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Collaboration & Interaction Market by Country, 2023 - 2029, USD Million
TABLE 37 Asia Pacific Training Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Training Market by Country, 2023 - 2029, USD Million
TABLE 39 Asia Pacific Onboarding Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Onboarding Market by Country, 2023 - 2029, USD Million
TABLE 41 Asia Pacific Customer Service Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Customer Service Market by Country, 2023 - 2029, USD Million
TABLE 43 Asia Pacific Rewards & Recognitions Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Rewards & Recognitions Market by Country, 2023 - 2029, USD Million
TABLE 45 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 47 Asia Pacific Employee Engagement Software Market by Country, 2019 - 2022, USD Million
TABLE 48 Asia Pacific Employee Engagement Software Market by Country, 2023 - 2029, USD Million
TABLE 49 China Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 50 China Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 51 China Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 52 China Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 53 China Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 54 China Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 55 China Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 56 China Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 57 China Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 58 China Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 59 Japan Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 60 Japan Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 61 Japan Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 62 Japan Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 63 Japan Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 64 Japan Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 65 Japan Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 66 Japan Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 67 Japan Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 68 Japan Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 69 India Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 70 India Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 71 India Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 72 India Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 73 India Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 74 India Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 75 India Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 76 India Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 77 India Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 78 India Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 79 South Korea Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 80 South Korea Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 81 South Korea Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 82 South Korea Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 83 South Korea Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 84 South Korea Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 85 South Korea Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 86 South Korea Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 87 South Korea Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 88 South Korea Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 89 Singapore Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 90 Singapore Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 91 Singapore Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 92 Singapore Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 93 Singapore Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 94 Singapore Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 95 Singapore Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 96 Singapore Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 97 Singapore Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 98 Singapore Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 99 Malaysia Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 100 Malaysia Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 101 Malaysia Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 102 Malaysia Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 103 Malaysia Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 104 Malaysia Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 105 Malaysia Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 106 Malaysia Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 107 Malaysia Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 108 Malaysia Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 109 Rest of Asia Pacific Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 110 Rest of Asia Pacific Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 111 Rest of Asia Pacific Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 112 Rest of Asia Pacific Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 113 Rest of Asia Pacific Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 114 Rest of Asia Pacific Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 115 Rest of Asia Pacific Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 116 Rest of Asia Pacific Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 117 Rest of Asia Pacific Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 118 Rest of Asia Pacific Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 119 Key Information – 15Five, Inc.
TABLE 120 Key Information – Degree, Inc.
TABLE 121 Key Information – Smartly, Inc.
TABLE 122 Key Information – Vantage Circle
TABLE 123 Key Information – Nreach Online Services Private Limited
TABLE 124 Key Information – Workvivo Limited
TABLE 125 Key Information – Synergita Software Private Limited
TABLE 126 Key Information – Leapsome GmbH
TABLE 127 Key Information – Kudos, Inc.
TABLE 128 Key Information – Culture Amp Pty Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: 15Five, Inc.
FIG 3 Recent strategies and developments: Degree, Inc.
FIG 4 Recent strategies and developments: Vantage Circle
FIG 5 Recent strategies and developments: Culture Amp Pty Ltd.