Employee Experience Management Market

Qualtrics (US) and Oracle (US) are leading players in Employee Experience Management Market

The employee experience management market is projected to grow from USD 6.8 billion in 2023 to USD 11.1 billion by 2028 at a CAGR of 10.2% during the forecast period. Fueled by rising mental health awareness, organizations prioritize employee well-being through mindfulness programs, flexible work arrangements, and stress management initiatives. This leads to a happier, healthier workforce with reduced absenteeism and increased productivity, making companies more attractive to top talent.

The major vendors covered in the employee experience management market include Qualtrics (US), SAP (Germany), Oracle (US), Microsoft (US), Workday (US), Zoom Video Communication (US), Culture AMP (Germany), Achievers (Canada), Workleap (Canada), SurveySparrow (US), 15Five (US), Awardco (US), Vantage Circle (US), Quantum Workplace (US), ClearCompany (US), Jostle (Canada), Kudos (Canada), Lattice (US), Bonusly (US), Motivosity (US), WorkTango (US), Blink (US), MO (UK), and Pixida (US). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, collaborations, and new product launches, to expand their employee experience management market presence.

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Qualtrics is a leader in the experience management (XM) software category; it is a cloud-native software provider that empowers organizations to deliver exceptional experiences and build deep relationships with their customers and employees – so they can understand their most significant friction points, retain and engage top talent, and deliver the right products and services. Nearly 20,000 organizations worldwide use Qualtrics’ advanced AI to listen, understand, and take action. It leads the industry by providing world-class software used by the most renowned brands to deliver exceptional frontline experiences, cultivate high-performing teams, and design products that resonate with users. Beyond being a platform, Qualtrics is the driving force and custodian of the experience management category, catering to over 19,000 clients.

In March 2023, Qualtrics entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with Canada Pension Plan Investment Board (CPP Investments).

Oracle sells database software and technology, cloud-engineered systems, and enterprise software products, such as enterprise resource planning software, human capital management software, customer relationship management software, enterprise performance management software, and supply chain management software. The company is in the Americas, Europe, the Middle East, Africa (EMEA), and Asia Pacific. It operates through various subsidiaries, including Logical Applications, Inc. (US), Oracle Argentina, S.A. (Argentina), G-Log Pty Ltd. (Australia), Oracle Corp. Canada Inc. (Canada), and Oracle India Private Limited (India).

Oracle ME is a complete employee experience platform that guides employees through professional and personal activities, delivers responsive HR service support, and streamlines organizational communication. It also provides tools to strengthen the manager-employee relationship and connect employees with their peers to nurture a greater sense of workplace belonging. It’s built as a part of Oracle Cloud HCM. Oracle offers employee experience solutions for various verticals based on their marketing, sales, services, social, and commerce requirements.

Related Reports:

Employee Experience Management Market by Offering (Software, Services), Standalone Software (Employee Survey & Feedback, Employee Engagement, Employee Recognition & Rewards), Industry (BFSI, Healthcare, IT & ITeS) and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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Suite 430
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USA : 1-888-600-6441
[email protected]

Employee Experience Management Market Size,  Share & Growth Report
Report Code
TC 8917
RI Published ON
1/24/2024
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