GITNUX MARKETDATA REPORT 2024

Employee Engagement Software Industry Statistics

Employee engagement software market is expected to reach a value of $3.74 billion by 2026, growing at a CAGR of 8.1% from 2021 to 2026.

With sources from: grandviewresearch.com, prnewswire.com, forbes.com, gallup.com and many more

Statistic 1

Companies with engaged employees outperform their competitors by 147% in earnings per share.

Statistic 2

93% of employees appreciate real-time feedback facilitated by engagement software.

Statistic 3

Employee engagement software users report a 41% drop in absenteeism.

Statistic 4

Companies with high employee engagement are 21% more profitable.

Statistic 5

The market is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2021 to 2028.

Statistic 6

Over 70% of businesses have adopted some form of employee engagement software.

Statistic 7

72% of companies with remote workforces have invested in engagement tools.

Statistic 8

85% of HR leaders cite employee experience as a significant factor in purchasing engagement software.

Statistic 9

88% of businesses report higher employee morale due to engagement platforms.

Statistic 10

80% of top-performing companies use employee engagement tools.

Statistic 11

68% of employees say they feel more engaged when their contributions are recognized via software tools.

Statistic 12

Implementation of engagement software can lead to a 32% increase in innovation.

Statistic 13

Mobile access to employee engagement platforms increased by 45% in 2020.

Statistic 14

Small to medium-sized businesses make up 60% of the customer base for engagement software providers.

Statistic 15

Employee engagement software improves team productivity by 22% on average.

Statistic 16

The use of employee engagement software has been shown to reduce employee turnover by up to 59%.

Statistic 17

46% of HR professionals use analytics tools within their engagement software.

Statistic 18

Employee engagement software adoption rose by 30% in the healthcare sector in 2020.

Statistic 19

The SaaS model is preferred by 78% of companies for employee engagement software.

Statistic 20

The global employee engagement software market size was valued at $590 million in 2020.

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In this post, we explore the dynamic landscape of the employee engagement software industry through compelling statistics and trends. From the significant impact on company performance to the preferences and behaviors of businesses and HR leaders, the data paints a vivid picture of the importance and prevalence of these tools in today’s workforce.

Statistic 1

"Companies with engaged employees outperform their competitors by 147% in earnings per share."

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Statistic 2

"93% of employees appreciate real-time feedback facilitated by engagement software."

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Statistic 3

"Employee engagement software users report a 41% drop in absenteeism."

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Statistic 4

"Companies with high employee engagement are 21% more profitable."

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Statistic 5

"The market is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2021 to 2028."

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Statistic 6

"Over 70% of businesses have adopted some form of employee engagement software."

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Statistic 7

"72% of companies with remote workforces have invested in engagement tools."

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Statistic 8

"85% of HR leaders cite employee experience as a significant factor in purchasing engagement software."

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Statistic 9

"88% of businesses report higher employee morale due to engagement platforms."

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Statistic 10

"80% of top-performing companies use employee engagement tools."

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Statistic 11

"68% of employees say they feel more engaged when their contributions are recognized via software tools."

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Statistic 12

"Implementation of engagement software can lead to a 32% increase in innovation."

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Statistic 13

"Mobile access to employee engagement platforms increased by 45% in 2020."

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Statistic 14

"Small to medium-sized businesses make up 60% of the customer base for engagement software providers."

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Statistic 15

"Employee engagement software improves team productivity by 22% on average."

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Statistic 16

"The use of employee engagement software has been shown to reduce employee turnover by up to 59%."

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Statistic 17

"46% of HR professionals use analytics tools within their engagement software."

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Statistic 18

"Employee engagement software adoption rose by 30% in the healthcare sector in 2020."

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Statistic 19

"The SaaS model is preferred by 78% of companies for employee engagement software."

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Statistic 20

"The global employee engagement software market size was valued at $590 million in 2020."

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Interpretation

In conclusion, the employee engagement software industry is witnessing remarkable growth and widespread adoption across various sectors. The statistics present compelling evidence of the tangible benefits of utilizing engagement software, such as increased earnings per share, improved employee morale, enhanced productivity, and reduced turnover rates. With the market projected to expand significantly in the coming years and a majority of businesses recognizing the value of engagement tools, it is clear that such software plays a crucial role in driving organizational success and fostering a positive work environment.

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