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Global 360 Degree Feedback Software Market: By Type: Web-Based, Installed; By Application: Education, Retail, Corporate, Healthcare, Travel and Hospitality, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global 360 Degree Feedback Software Market Outlook
The global 360 degree feedback software market reached a value of more than USD 741.9 million in 2021. The industry is further expected to grow at a CAGR of about 9.84% in the forecast period of 2023-2028 to reach a value of over USD 1,305.60 million by 2027.
North America to Significantly Contribute to the Growth of the 360 Degree Feedback Software Industry
In the global 360 degree feedback software industry, North America holds one of the most significant shares. The growing presence of the leading companies, particularly in the information technology sector, is augmenting the growth of the market. The robust technological advancement in the United States and Canada is increasing the use of 360 degree feedback software, which is propelling the market growth. Moreover, various small businesses are increasingly leveraging 360 degree feedback software to discover the flaws in their organisational structures, hence driving the industry growth.
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With the surge of the COVID-19 pandemic and the rising concerns regarding the resurgence of COVID-19 infections, the growing trend of work-from-home is surging the use of 360 degree feedback software to review analysis of employees, thereby driving the industry growth. As the reviews created by this software are aiding businesses in tracking and evaluating their employees' performance, they are increasingly deployed to enhance the overall performance of businesses, which is significantly contributing to the growth of the market.
360 Degree Feedback Software: Market Segmentation
360 degree feedback software is a solution that enables organisations to gather feedback on employees from their managers, direct reports, and peers. The software aids in generating insights regarding employee performance while creating goals for them based on feedback results. Multiple raters, such as supervisors, peers, direct reports, subordinates, and external raters (customers or vendors), can offer feedback on an employee using 360 degree feedback software.
By type, the market is divided into:
- Web-Based
- Installed
The industry is further divided on the basis of application:
- Education
- Retail
- Corporate
- Healthcare
- Travel and Hospitality
- Others
The EMR report looks into the regional markets of 360 degree feedback software like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Adoption of Digital Technology in the Workplace Boosting the Market Growth of 360 Degree Feedback Software
The global market is anticipated to grow robustly due to the adoption of digital technology and artificial intelligence (AI) in the workplace. The growing emphasis on employees’ well-being and the rising attempts to enhance the efficiency of employees is also propelling the industry growth. Further, the growth of the 360 degree feedback software industry can be attributed to the rising demand for employee performance and behavioural patterns evaluation. As 360 degree feedback software aids in identifying employee work ethics and assessing how things are progressing, it is extensively deployed by various organisations.
The easy scalability and flexibility of 360 degree feedback software is increasing its appeal among employees, further adding to the industry growth. In the coming years, cloud technologies are projected to fuel the demand for 360 degree feedback software, consequently boosting its growth possibilities. Unlike online software, cloud technologies allow businesses to collect, analyse, and share employee data at any time and from any location. Moreover, the increased scalability and low operating costs offered by cloud technologies are surging the deployment of 360 degree feedback software, which is projected to fuel the industry growth in the coming years.
Key Industry Players in the 360 Degree Feedback Software Market
The report gives a detailed analysis of the following key players in the global 360 degree feedback software market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Qualtrics International Inc.
- PeopleGoal, Inc.
- Mercer LLC
- Synergita Software Private Limited
- TalentGuard
- Salesforce.com, inc.
- Momentive Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | Web-Based, Installed |
| Breakup by Application | Education, Retail, Corporate, Healthcare, Travel and Hospitality, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Qualtrics International Inc., PeopleGoal, Inc., Mercer LLC, Synergita Software Private Limited, TalentGuard, Salesforce.com, inc., Momentive Inc. |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global 360 Degree Feedback Software Market Analysis
8.1 Key Industry Highlights
8.2 Global 360 Degree Feedback Software Historical Market (2018-2022)
8.3 Global 360 Degree Feedback Software Market Forecast (2023-2028)
8.4 Global 360 Degree Feedback Software Market by Type
8.4.1 Web-Based
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Installed
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global 360 Degree Feedback Software Market by Application
8.5.1 Education
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Retail
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Corporate
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Healthcare
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Travel and Hospitality
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global 360 Degree Feedback Software Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America 360 Degree Feedback Software Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe 360 Degree Feedback Software Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific 360 Degree Feedback Software Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America 360 Degree Feedback Software Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa 360 Degree Feedback Software Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Qualtrics International Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 PeopleGoal, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Mercer LLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Synergita Software Private Limited
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 TalentGuard
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Salesforce.com, inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Momentive Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications Others
16.2.8 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global 360 Degree Feedback Software Market: Key Industry Highlights, 2018 and 2028
2. Global 360 Degree Feedback Software Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global 360 Degree Feedback Software Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global 360 Degree Feedback Software Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global 360 Degree Feedback Software Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global 360 Degree Feedback Software Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global 360 Degree Feedback Software Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Importing Countries by Volume (2021)
19. Major Exporting Countries by Volume (2021)
20. Major Importing Countries by Value (2021)
21. Major Exporting Countries by Value (2021)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global 360 Degree Feedback Software Market Structure
Key Questions Answered in the Report
In 2021, the global 360 degree feedback software market attained a value of more than USD 741.9 million.
The market is projected to grow at a CAGR of 9.84% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach over USD 1,305.60 million by 2027.
The major drivers of the market include the growing emphasis on an employee's well-being and the increasing attempts to enhance employee efficiency and employee work ethics.
The adoption of digital technology and artificial intelligence (AI) in the workplace and the rising demand for employee performance and behavioural patterns evaluation are some of the key industry trends that are predicted to propel the growth of the market in upcoming years.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for one of the largest shares in the market.
Based on type, the industry can be divided into web-based and installed.
Education, retail, corporate, healthcare, travel and hospitality, among others are the various applications in the market.
The major players in the industry are Qualtrics International Inc., PeopleGoal, Inc., Mercer LLC, Synergita Software Private Limited, TalentGuard, Salesforce.com, inc., and Momentive Inc., among others.
Analyst Review
The global 360 degree feedback software market attained a value of more than USD 741.9 million in 2021, driven by the rising adoption of digital technology and artificial intelligence (AI) in the workplace. Aided by the growing emphasis on employees’ well-being, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 9.84%. The market is projected to reach over USD 1,305.60 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the industry can be divided into web-based and installed. Education, retail, corporate, healthcare, travel and hospitality, among others are the various applications in the market. The major regional markets for global 360 degree feedback software market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for one of the largest share of the market. The key players in the above market include Qualtrics International Inc., PeopleGoal, Inc., Mercer LLC, Synergita Software Private Limited, TalentGuard, Salesforce.com, inc., and Momentive Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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