Social Employee Recognition System Market Share and Forecast by 2031

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Social Employee Recognition System Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Platforms and Services), Deployment Model (Cloud and On-Premise), Reward Type (Gift Cards, Prepaid Cards, Incentive Travel, and Others), and Industry (Retail, IT & Telecom, Healthcare, Media & Entertainment, Travel and Hospitality, Manufacturing, and Others), and Geography

  • Report Date : Sep 2025
  • Report Code : TIPRE00006391
  • Category : Technology, Media and Telecommunications
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Social employee recognition system market size is projected to reach US$ 21.80 billion by 2031 from US$ 7.59 billion in 2023. The market is expected to register a CAGR of 14.1% during 2023–2031. Gamification and real-time recognition are likely to remain a key trend in the market.

Social Employee Recognition System Market Analysis

A modern employee recognition program is a way to recognize and honor the contributions of staff members that are in line with the varied and technologically savvy needs of today's workforce. It makes use of technology to provide quick, meaningful, and personalized recognition, fostering a healthy workplace culture and raising employee engagement.

Social Employee Recognition System Market Overview

Social recognition improves the bonds between leaders, coworkers, and employees. Interaction between deskless, in-office, and remote workers is made possible by it. Moreover, social recognition platforms—which are especially helpful in large organizations—assist in dismantling departmental silos by showcasing the accomplishments of many departments. For example, companies with the greatest staff engagement scores had 21% higher profitability, 10% higher customer evaluations, and 24% lower attrition, according to a Terryberry poll from 2024.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Social Employee Recognition System Market: Strategic Insights

social-employee-recognition-systems-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Social Employee Recognition System Market Drivers and Opportunities

Rising Focus on Employee Engagement and Retention to Favor the Market

As per the Haiilo 2024 survey, in the workplace, employee involvement boosts productivity. Employees who are engaged perform better than their disengaged peers. Employers with a high level of employee engagement make 21% more money overall. A study on workplace engagement conducted in the United States found that disengaged workers cost their employers between US$ 450 and 550 billion annually. This is driving the companies to increase their focus on employee engagement. Social employee engagement initiatives go a long way in enabling employee retention.

Personalized Solutions

For increased success, organizations should customize their employee recognition and rewards programs to meet the needs of both their staff and their business. Companies can gain a competitive edge by personalizing recognition for employees.

Social Employee Recognition System Market Report Segmentation Analysis

Key segments that contributed to the derivation of the social employee recognition system market analysis are XX.

  • Based on the component, the social employee recognition system market is divided into platforms and services. The platforms segment held the largest share in 2023.
  • Based on the deployment model, the market is divided into cloud and on-premise.
  • Based on the reward type, the market is divided into gift cards, prepaid cards, incentive travel, and others.
  • Based on the industry, the market is divided into retail, IT & telecom, healthcare, media & entertainment, travel and hospitality, manufacturing, and others.

Social Employee Recognition System Market Share Analysis by Geography

The geographic scope of the Social employee recognition system market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America holds a significant share of the social employee recognition system market in 2023. North American organizations, especially those in the US and Canada, have strong adoption rates for HR technologies and employee engagement programs.

Social Employee Recognition System Market Regional Insights

The regional trends and factors influencing the Social Employee Recognition System Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Social Employee Recognition System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

social-employee-recognition-systems-market-global-geography
  • Get the Regional Specific Data for Social Employee Recognition System Market

Social Employee Recognition System Market Report Scope

Report Attribute Details
Market size in 2023 US$ 7.59 Billion
Market Size by 2031 US$ 21.80 Billion
Global CAGR (2023 - 2031) 14.1%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Platforms and Services
By Deployment Model
  • Cloud
  • On-Premise
By Reward Type
  • Gift Cards
  • Prepaid Cards
  • Incentive Travel
By Industry
  • Retail
  • IT & Telecom
  • Healthcare
  • Media & Entertainment
  • Travel and Hospitality
  • Manufacturing
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Achievers Solutions Inc
  • Appreiz Inc
  • BI Worldwide
  • Globoforce Limited (Workhuman)
  • Kudos Inc.
  • PossibleWorks
  • Terrberry
  • Semos Cloud
  • Nectar HR
  • Wooboard Technologies Ltd

  • Social Employee Recognition System Market Players Density: Understanding Its Impact on Business Dynamics

    The Social Employee Recognition System Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Social Employee Recognition System Market are:

    1. Achievers Solutions Inc
    2. Appreiz Inc
    3. BI Worldwide
    4. Globoforce Limited (Workhuman)
    5. Kudos Inc.
    6. PossibleWorks

    Disclaimer: The companies listed above are not ranked in any particular order.


    social-employee-recognition-systems-market-cagr

    • Get the Social Employee Recognition System Market top key players overview

    Social Employee Recognition System Market News and Recent Developments

    The Social employee recognition system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the social employee recognition system market are listed below:

    • Achievers declared the opening of an Employee Experience Platform, which would serve as a single, centralized hub for employee experience initiatives. (Source: Achievers Solutions Inc, Press Release, September 2021)
    • Terryberry introduces a comprehensive platform for employee engagement that includes Milestone Awards, Employee Benefits, and Recognition. (Source: Terrberry, Press Release, March 2023)

    Social Employee Recognition System Market Report Coverage and Deliverables

    The “Social Employee Recognition System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Social employee recognition system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Social employee recognition system market trends, as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Social employee recognition system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the social employee recognition system market
    • Detailed company profiles

    Frequently Asked Questions

    Which region dominated the social employee recognition system market in 2023?

    North America dominated the social employee recognition system market in 2023.

    What are the driving factors impacting the social employee recognition system market?

    A rising focus on employee engagement and retention and remote work culture is expected to drive the social employee recognition system market.

    What are the future trends of the social employee recognition system market?

    Gamification and real-time recognition are likely to remain key trends in the market.

    Which are the leading players operating in the social employee recognition system market?

    Achievers Solutions Inc., Appreiz Inc., BI Worldwide, Globoforce Limited (Workhuman), Kudos Inc., PossibleWorks, Terrberry, Semos Cloud, Nectar HR, and Wooboard Technologies Ltd are among the leading payers operating in the social employee recognition system market.

    What would be the estimated value of the social employee recognition system market by 2031?

    The Social employee recognition system market size is projected to reach US$ 21.80 billion by 2031

    What is the expected CAGR of the Social employee recognition system market?

    The Social employee recognition system market is expected to register a CAGR of 14.1% during 2023–2031.

    Ankita Mittal
    Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Identifying Emerging Markets
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Boosting Operational Efficiency
    • Strategic Planning
    • Investment Justification
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo