360 Degree Feedback Software Market Size, Share, and Analysis, By Type (Installed and Web-based), By Application (Education, Retail, Corporate, Travel & Hospitality, Healthcare, and Others), By Deployment Mode (Cloud-based and On-Premise), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
360 Degree Feedback Software Market Size, Share, and Analysis, By Type (Installed and Web-based), By Application (Education, Retail, Corporate, Travel & Hospitality, Healthcare, and Others), By Deployment Mode (Cloud-based and On-Premise), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034
PRODUCT OVERVIEW
360 Degree Feedback Software Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 1.0 billion and is projected t%li%reach USD 3.4 billion by the completion of 2034.
360-degree feedback software is a technical tool used by organizations t%li%completely evaluate an individual's performance from multiple perspectives. The feedback is gathered from variety of sources, including peers, managers, employees, and external stakeholders like clients or customers. Subsequently, individuals receive anonymous evaluations from multiple reviewers wh%li%collaborated with them during the assessment process. These critics or reviewers inspects an individual's capabilities, behavior, and performance against a predefined criterion. Furthermore, the software provides collection, analysis, and presentation of this feedback, which is frequently done through reports or dashboards. It assists in identifying an individual's strengths, weaknesses, areas for improvement, and developmental needs from a comprehensive viewpoint. Therefore, the objective of 360-degree feedback is t%li%provide an inclusive picture of a person's performance and behavior in the workplace, which allows for better decision-making.
MARKET HIGHLIGHTS
360 Degree Feedback Software Market is projected t%li%achieve USD 3.4 billion during the forecast period, as organizational methods t%li%manage workplace talent has changed. Organizations have started t%li%recognize the importance of detailed evaluation of an employee’s performance, which has triggered a widespread adoption of 360-degree feedback software in performance management strategies. Moreover, companies are looking for ways t%li%identify skill gaps and support individual growth due t%li%increasing focus on the development of employees. These feedback tools provide structured assessments from a variety of perspectives that offer an in-depth overview of strengths and areas for improvement. Technological developments have significantly impacted the market by integrating advanced features such as AI-driven analytics. Therefore, with the evolving technology and growing emphasis on individual growth, the market for 360-degree feedback software is expected t%li%grow significantly.
360 Degree Feedback Software Market Segments:
Growth Drivers
Growing Emphasis on Employee Development Will Drive Market Growth
Need for Improved Organizational Efficiency Will Offer Opportunities for Market Growth
Restraint
Resistance T%li%the Adoption of Feedback Software Could Hinder Market Expansion
Key Players
PRODUCT OVERVIEW
360 Degree Feedback Software Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 11.6% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 1.0 billion and is projected t%li%reach USD 3.4 billion by the completion of 2034.
360-degree feedback software is a technical tool used by organizations t%li%completely evaluate an individual's performance from multiple perspectives. The feedback is gathered from variety of sources, including peers, managers, employees, and external stakeholders like clients or customers. Subsequently, individuals receive anonymous evaluations from multiple reviewers wh%li%collaborated with them during the assessment process. These critics or reviewers inspects an individual's capabilities, behavior, and performance against a predefined criterion. Furthermore, the software provides collection, analysis, and presentation of this feedback, which is frequently done through reports or dashboards. It assists in identifying an individual's strengths, weaknesses, areas for improvement, and developmental needs from a comprehensive viewpoint. Therefore, the objective of 360-degree feedback is t%li%provide an inclusive picture of a person's performance and behavior in the workplace, which allows for better decision-making.
MARKET HIGHLIGHTS
360 Degree Feedback Software Market is projected t%li%achieve USD 3.4 billion during the forecast period, as organizational methods t%li%manage workplace talent has changed. Organizations have started t%li%recognize the importance of detailed evaluation of an employee’s performance, which has triggered a widespread adoption of 360-degree feedback software in performance management strategies. Moreover, companies are looking for ways t%li%identify skill gaps and support individual growth due t%li%increasing focus on the development of employees. These feedback tools provide structured assessments from a variety of perspectives that offer an in-depth overview of strengths and areas for improvement. Technological developments have significantly impacted the market by integrating advanced features such as AI-driven analytics. Therefore, with the evolving technology and growing emphasis on individual growth, the market for 360-degree feedback software is expected t%li%grow significantly.
360 Degree Feedback Software Market Segments:
- By Type
- Installed
- Web-based
- By Application
- Education
- Retail
- Corporate
- Travel & Hospitality
- Healthcare
- Others
- By Deployment Mode
- Cloud-based
- On-Premise
Growth Drivers
Growing Emphasis on Employee Development Will Drive Market Growth
Need for Improved Organizational Efficiency Will Offer Opportunities for Market Growth
Restraint
Resistance T%li%the Adoption of Feedback Software Could Hinder Market Expansion
Key Players
- Qualtrics
- Culture Amp
- Reflektive
- 360-Degree Feedback by Trakstar
- Spidergap
- Cornerstone OnDemand
- SAP SuccessFactors
- Zoh%li%People
- SurveyMonkey
- EchoSpan
- Small Improvements
- Glint
- PerformYard
- Saba TalentSpace
- Clear Review
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. 360 Degree Feedback Software Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.360 Degree Feedback Software Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.360 Degree Feedback Software Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.360 Degree Feedback Software Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Installed
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Web-based
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Education
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Retail
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Corporate
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Travel & Hospitality
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Healthcare
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.6. Others
11.3.2.6.1.By Value (USD Million) 2024-2034F
11.3.2.6.2. Market Share (%) 2024-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Deployment Mode
11.3.3.1.Cloud-based
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. On-Premise
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Application
12.3.3. By Deployment Mode
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Application
13.3.3. By Deployment Mode
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Application
14.3.3. By Deployment Mode
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Application
15.3.3. By Deployment Mode
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Application
16.3.3. By Deployment Mode
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Qualtrics
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. SurveyMonkey
18.3. Glint
18.4. Culture Amp
18.5. Reflektive
18.6. 360-Degree Feedback by Trakstar
18.7. PerformYard
18.8. Zoho People
18.9. EchoSpan
18.10.Small Improvements
18.11.Spidergap
18.12. Cornerstone OnDemand
18.13. SAP SuccessFactors
18.14.Saba TalentSpace
18.15. Clear Review
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. 360 Degree Feedback Software Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.360 Degree Feedback Software Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.360 Degree Feedback Software Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.360 Degree Feedback Software Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Type
11.3.1.1. Installed
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Web-based
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Application
11.3.2.1.Education
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Retail
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Corporate
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Travel & Hospitality
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Healthcare
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.6. Others
11.3.2.6.1.By Value (USD Million) 2024-2034F
11.3.2.6.2. Market Share (%) 2024-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Deployment Mode
11.3.3.1.Cloud-based
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. On-Premise
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
12.NORTH AMERICA 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Type
12.3.2. By Application
12.3.3. By Deployment Mode
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Type
13.3.2. By Application
13.3.3. By Deployment Mode
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Type
14.3.2. By Application
14.3.3. By Deployment Mode
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Type
15.3.2. By Application
15.3.3. By Deployment Mode
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA 360 DEGREE FEEDBACK SOFTWARE MARKET SIZE & FORECAST 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Type
16.3.2. By Application
16.3.3. By Deployment Mode
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Qualtrics
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. SurveyMonkey
18.3. Glint
18.4. Culture Amp
18.5. Reflektive
18.6. 360-Degree Feedback by Trakstar
18.7. PerformYard
18.8. Zoho People
18.9. EchoSpan
18.10.Small Improvements
18.11.Spidergap
18.12. Cornerstone OnDemand
18.13. SAP SuccessFactors
18.14.Saba TalentSpace
18.15. Clear Review
18.16. Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
