The Latin America, Middle East and Africa Employee Engagement Software Market would witness market growth of 19.7% CAGR during the forecast period (2023-2029).
Organizations use employee engagement tools to inspire employees, motivate them, and realize each person's full potential for the benefit of the whole. In most firms, the rise in workload has significantly impacted employees' ability to balance their professional and personal lives. Many remote workers think it's challenging to switch it off after work. Also, a full week of virtual meetings wears down and worries the staff. Employee engagement suffers as a result of such a work-life imbalance.
That is why numerous suppliers of employee engagement solutions have begun to include health solutions into their suite of employee engagement solutions in order to address this problem. Gamification is becoming increasingly popular as it improves user capabilities and their involvement in business operations. Many employees also said that gamification greatly increased performance. Its integration is anticipated to improve several human resource capabilities, including increased staff productivity, higher job satisfaction, an efficient reward system, and more, ultimately increasing corporate income. Thus, adding sophisticated gamification features is likely going to increase market share.
Israel's increased focus on digital technology, cyber security, artificial intelligence, robotics, and healthcare IT drives much of the market's growth. The overall demand for digitalization and scalable IT infrastructure, the wide adoption of the 5G network, the growing presence of technology giants, and the rising need to explore and use digital technologies and initiatives are also helping the ICT sector grow way. ICT industry providers use cloud computing for many things, including managing resources, storing data, making backups, providing orchestration services, and more. Many industries, including IT and telecom, have started using cloud computing. The government is working to strengthen the country's IT sector because digital transformation is becoming more popular.
The Brazil market dominated the LAMEA Employee Engagement Software Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $41.6 million by 2029. The Argentina market is experiencing a CAGR of 20.4% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 19.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 4 LAMEA Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 5 LAMEA Telecom & IT Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Telecom & IT Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Retail Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Retail Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Government Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Government Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA BFSI Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA BFSI Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Hospitality Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Hospitality Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Other Vertical Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Other Vertical Market by Country, 2023 - 2029, USD Million
TABLE 21 LAMEA Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 22 LAMEA Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 23 LAMEA Large Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Large Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Small & Medium Enterprises Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Small & Medium Enterprises Market by Country, 2023 - 2029, USD Million
TABLE 27 LAMEA Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 28 LAMEA Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 29 LAMEA On-premise Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA On-premise Market by Country, 2023 - 2029, USD Million
TABLE 31 LAMEA Cloud Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Cloud Market by Country, 2023 - 2029, USD Million
TABLE 33 LAMEA Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 34 LAMEA Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 35 LAMEA Collaboration & Interaction Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Collaboration & Interaction Market by Country, 2023 - 2029, USD Million
TABLE 37 LAMEA Training Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Training Market by Country, 2023 - 2029, USD Million
TABLE 39 LAMEA Onboarding Market by Country, 2019 - 2022, USD Million
TABLE 40 LAMEA Onboarding Market by Country, 2023 - 2029, USD Million
TABLE 41 LAMEA Customer Service Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Customer Service Market by Country, 2023 - 2029, USD Million
TABLE 43 LAMEA Rewards & Recognitions Market by Country, 2019 - 2022, USD Million
TABLE 44 LAMEA Rewards & Recognitions Market by Country, 2023 - 2029, USD Million
TABLE 45 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 47 LAMEA Employee Engagement Software Market by Country, 2019 - 2022, USD Million
TABLE 48 LAMEA Employee Engagement Software Market by Country, 2023 - 2029, USD Million
TABLE 49 Brazil Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 50 Brazil Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 51 Brazil Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 52 Brazil Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 53 Brazil Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 54 Brazil Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 55 Brazil Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 56 Brazil Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 57 Brazil Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 58 Brazil Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 59 Argentina Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 60 Argentina Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 61 Argentina Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 62 Argentina Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 63 Argentina Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 64 Argentina Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 65 Argentina Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 66 Argentina Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 67 Argentina Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 68 Argentina Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 69 UAE Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 70 UAE Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 71 UAE Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 72 UAE Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 73 UAE Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 74 UAE Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 75 UAE Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 76 UAE Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 77 UAE Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 78 UAE Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 79 Saudi Arabia Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 80 Saudi Arabia Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 81 Saudi Arabia Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 82 Saudi Arabia Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 83 Saudi Arabia Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 84 Saudi Arabia Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 85 Saudi Arabia Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 86 Saudi Arabia Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 87 Saudi Arabia Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 88 Saudi Arabia Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 89 South Africa Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 90 South Africa Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 91 South Africa Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 92 South Africa Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 93 South Africa Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 94 South Africa Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 95 South Africa Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 96 South Africa Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 97 South Africa Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 98 South Africa Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 99 Nigeria Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 100 Nigeria Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 101 Nigeria Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 102 Nigeria Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 103 Nigeria Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 104 Nigeria Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 105 Nigeria Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 106 Nigeria Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 107 Nigeria Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 108 Nigeria Employee Engagement Software Market by Function, 2023 - 2029, USD Million
TABLE 109 Rest of LAMEA Employee Engagement Software Market, 2019 - 2022, USD Million
TABLE 110 Rest of LAMEA Employee Engagement Software Market, 2023 - 2029, USD Million
TABLE 111 Rest of LAMEA Employee Engagement Software Market by Vertical, 2019 - 2022, USD Million
TABLE 112 Rest of LAMEA Employee Engagement Software Market by Vertical, 2023 - 2029, USD Million
TABLE 113 Rest of LAMEA Employee Engagement Software Market by Enterprise Size, 2019 - 2022, USD Million
TABLE 114 Rest of LAMEA Employee Engagement Software Market by Enterprise Size, 2023 - 2029, USD Million
TABLE 115 Rest of LAMEA Employee Engagement Software Market by Deployment Type, 2019 - 2022, USD Million
TABLE 116 Rest of LAMEA Employee Engagement Software Market by Deployment Type, 2023 - 2029, USD Million
TABLE 117 Rest of LAMEA Employee Engagement Software Market by Function, 2019 - 2022, USD Million
TABLE 118 Rest of LAMEA 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.