Published Date: 30-Aug-2023
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According to a new report, published by KBV research, The Global 360 Degree Feedback Software Market size is expected to reach $1.9 billion by 2030, rising at a market growth of 10.5% CAGR during the forecast period.
The Corporate segment is leading the Global 360 Degree Feedback Software Market by Application in 2022; thereby, achieving a market value of $803 million by 2030. The program is mostly utilized by businesses to enhance employee performance. The use of constructive criticism encourages workers to identify their areas of strength and need for improvement as well as grow more confident over time.
The Web-based segment is experiencing a CAGR of 12.1% during (2023 - 2030). Using any internet-connected device from anywhere, users of this software can log in and view data. The program is constantly updated, so users do not need to download, manage, install, or update it. The adoption of web-based software in workplaces is expected to increase due to these factors. Real-time updates are also made to data that is kept on web-based technologies.
The North America region dominated the Global 360 Degree Feedback Software Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $695.3 million by 2030. The Europe market is poised to grow at a CAGR of 10% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 11.3% during (2023 - 2030).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Explorance Inc., Qualtrics International Inc. (Silver Lake), Momentive Global Inc., Actus Software, Engagedly, Inc., QuestionPro Survey Software, Trakstar, Lattice, SurveySparrow, Inc. and Smartsurvey
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