Biometrics Sector Is Fastest Growing Segment Fueling The Growth Of Social Employee Recognition Systems Market
Social Employee Recognition Systems Market The Global Social Employee Recognition Systems Market is estimated to be valued at US$ 13325.25 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Social Employee Recognition Systems are software platforms that allow organizations to publicly recognize employees for positive behavior, core values or exceptional work. These systems enable peer-to-peer recognition through social sharing features and incentive organizations to foster a culture of appreciation. Market key trends: One of the major trends in the Social Employee Recognition Systems market is the increasing adoption of blockchain technology. Blockchain helps secure employee data and recognition transactions on a distributed ledger. This ensures transparency and prevents recognition points from being altered. Many vendors are focusing on integrating ...