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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 (2017-2027); 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 2022-2027 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: Industry Definition and 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 industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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, EMR’s 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. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global 360 Degree Feedback Software Market Analysis
8.1 Key Industry Highlights
8.2 Global 360 Degree Feedback Software Historical Market (2017-2021)
8.3 Global 360 Degree Feedback Software Market Forecast (2022-2027)
8.4 Global 360 Degree Feedback Software Market by Type
8.4.1 Web-Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Installed
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global 360 Degree Feedback Software Market by Application
8.5.1 Education
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Retail
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Corporate
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Healthcare
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Travel and Hospitality
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Others
8.6 Global 360 Degree Feedback Software Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Qualtrics International Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 PeopleGoal, Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Mercer LLC
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Synergita Software Private Limited
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 TalentGuard
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Salesforce.com, inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Momentive Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications Others
13 Industry Events and Developments
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 Figures and Tables
1. Global 360 Degree Feedback Software Market: Key Industry Highlights, 2017 and 2027
2. Global 360 Degree Feedback Software Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global 360 Degree Feedback Software Market Forecast: Breakup by Type (USD Million), 2022-2027
4. Global 360 Degree Feedback Software Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global 360 Degree Feedback Software Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global 360 Degree Feedback Software Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global 360 Degree Feedback Software Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa 360 Degree Feedback Software Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa 360 Degree Feedback Software Market Forecast: Breakup by Country (USD Million), 2022-2027
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 2017-2027
23. Europe Historical Price Trends and Forecast 2017-2027
24. Asia Pacific Historical Price Trends and Forecast 2017-2027
25. Latin America Historical Price Trends and Forecast 2017-2027
26. Middle East and Africa Historical Price Trends and Forecast 2017-2027
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 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027, 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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