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Global 360 Degree Feedback Software Market

Global 360 Degree Feedback Software Market

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Global 360-Degree Feedback Software Market, By Type (Web-Based and Installed); By Application (Corporation, School, Others); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC20319
  • Available Format: PDF
  • Page: 150

Report Overview

The global 360-degree feedback software market is anticipated to grow due to the adoption of digital technology and AI (Artificial Intelligence) in the workplace, growing emphasis on the well-being of an employee, and the need to comprehend the efficiency of an employee.

The global 360-degree feedback software market was worth USD 734.7 Million in 2020. The market is further projected to reach USD 1,409.4 Million by 2027 at a CAGR of 10.1% during the forecast period (2021-2027). The growth of the 360-degree feedback market can be attributed to the increasing demand for the evaluation of performance and behavioral patterns of employees. 360-degree feedback software helps identify the work ethics of employees and evaluate how things are going. Easy scalability makes the software attractive to all employees as it can be applied to all areas with flexible access. Cloud technologies are also expected to fuel the demand for 360-degree feedback software in the coming years, thereby enhancing its growth prospects.

360 Degree Feedback Software Market

Source: BlueWeave Consulting

Global 360 Degree Feedback Software Overview

A 360-degree feedback software analyzes the work done by an employee based on feedback received from peers via an online or cloud platform.With the help of infographics, the software showcases the ability, results achieved, and overall performance charts of an employee.By using the software, comments made by colleagues remain anonymous, without identifying which colleague has made a particular comment. The peers of an individual include their managers, colleagues, subordinates, clients, and others. 360-degree reviews are also the best means to identify employee strengths and weaknesses.The strengths play a crucial role in understanding a person's capabilities and whether they deserve an appraisal. It also helps in preparing a development and training plan for some employees to improve their efficiency.

Global 360 Degree Feedback Software Market Trend

Growth Drivers

Growing acceptance rates of cloud-based technologies

Cloud technologies have been at the forefront of scalable data possibilities, which have led to a revolution in the software management markets. The global 360-degree feedback software has also been positively impacted by the growth of cloud technologies. Unlike online software, cloud technologies have made it possible for companies to collect, analyze, and share employee data anytime, anywhere.Additionally, the cloud has provided companies with more scalability, thus reducing their operating costs, which were previously absorbed by data scalability software.Furthermore, maintenance issues are dealt with by the cloud vendor and not the company itself, which has once again reduced the firm's costs. Moreover, it enables the company to keep its data anonymously without having to worry about potential leakages. All these factors are positively contributing to the growth of the global 360-degree feedback software market.  

Rising demand for better analytical tools at identifying key areas of work of an employee

The 360-degree feedback software helps in identifying the potential areas of development and growth of an employee. The reviews left by a peer assist in understandingthe  performance of an employee. These types of reviews are analyzed and presented on a slide with the help of an infographic that highlights the areas of potential development and areas where the employee outperforms. Reviewing every employee's review within a premise is a time-consuming affair and does not yield the same results as the 360-degree feedback software analysis. Thus, the ease-of-analysis and less time consumption while delivering precise information about an employee, are driving the growth of the global 360-degree feedback software market.

Restraints

Misuse and biasedness toward an individual are hampering the market growth

Though 360-degree feedback software may help the human resource department identify possible achievements; however, sometimes peer reviews can be useless and appear biased in favor of an individual. Many companies have started leveraging text sentimental analysis techniques for understanding the tone of the reviews made by a peer for an individual. It may assist in analyzing the bias and help in eliminating the review. However, the sentiment analysis may not be as effective as other validation techniques.It may necessitate separate in-person assessments, making the use of 360-degree technologies unnecessary. As a result, bias in the reviews may inhibit the growth of the global 360-degree feedback software market.

Global 360-Degree Feedback Software Market - Impact of COVID-19

The government stepped in when the COVID-19 pandemic hit the world, and ordered that businesses cease all office operations and start working from home. The initial restrictions made it difficult for the companies to evaluate the performance of an individual while working from home. As a result, companies started resorting to online solutions. With the help of cloud-based technologies, many companies are already implementing such software in their offices.Furthermore, the growth of cloud technology solutions has also positively affected the market for 360-degree feedback software as a whole, which has played an integral role in extending the possibilities of evaluating the reviews of an employee.

Global 360-Degree Feedback Software Market: By Type

The global 360-degree feedback software market can be segmented into two types—Web-Based and Installed. Presently, web-based software holds a larger share in the market. However, the installed global 360-degree feedback software market is expected to hold a larger share in the global 360-degree feedback software market during the forecast period. The installed version of the 360-degree feedback software requires the users to download the software before using it and select plans for the software. The increased flexibility and control that the installed software provides over web-based onesare driving the demand for installed software, thereby favoring the growth of theglobal 360-degree feedback software market.

360 Degree Feedback Software Market Size

Source: BlueWeave Consulting

Global 360 Degree Feedback Software Market: By Application

Based on the applications, the global 360-degree feedback software market is segmented into corporations, schools, and other types. Among these applications, corporations held the largest share in the global 360-degree feedback software market. Real-time feedback from peers, subordinates, and superiors is essential to determining how an employee performs.An organizational performance evaluation can help an organization improve its policies toward employees and the organization as a whole, which can lead to increased efficiency. As a result, this software proves to be an important tool in devising and changing the dynamics of an organization and helps in determining whether to retain an employee or not. The rising demand from corporations to incorporate the software in the organization is one of the major factors driving the global 360-degree feedback software market in the rising years.

Global 360-Degree Feedback Software Market: Regional Insights

Geographically, the global 360-degree feedback software market is divided into five regions: North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America accounted for the largest share in the global 360-degree feedback software market, whereas South America is anticipated to register the fastest CAGR in the forecast period. North America is home to some of the biggest companies in the world across various industries, particularly in the IT domain. Since the region is the most technologically sound, they have started identifying the loopholes in their organizational structures with the help of 360-degree feedback software. Additionally, the reviews generated by this software have helped the companies to track the performance of their employees and evaluate it. These factors have contributed significantly towards the growth of the global 360-degree feedback software market in North America.

Regional Insights

Source: BlueWeave Consulting

 

Competitive Landscape

Some of the key players in the global 360-degree feedback software market are Qualtrics International Inc., SVI LLC, Performly Inc. Spidergap, Salesforce.Com, Inc., SutiSoft Inc., Cornerstone OnDemand, Inc., GroSum, SumTotal Systems Inc., Impraise, Mettl Online Assessment, Trakstar, Synergita, AssessTEAM, LLP, TalentGuard, SVMK Inc., Survey Sparrow Inc., Engagedly Inc., Motivosity Inc., and other prominent players. The global 360-degree feedback software market is highly fragmented, with numerous players capturing a small share in the global 360-degree feedback software market. The global 360-degree feedback software market players are increasingly earmarking investments for research and development of the present software by improving the analysis of the reviews received. It can help in eliminating the bias in the review and help identify areas of improvement which were previously neglected to improve the efficiency of the organization. It is thus anticipated to enhance the share of the companies in the global 360-degree feedback software market.

Recent Developments

  • In October 2020, Salesforce.com Inc. announced that the company is expanding its Work.com platform to assist the companies in identifying the ways to tackle growth and thrive in the new normal. An employee workspace and a helpdesk will be available as new features on the platform, which will inform customers and employees about newly devised company policies and procedures to boost productivity, transparency, and communication.

 

  • In September 2020, SutiSoft Inc. announced that the company updated the Recruitment, Goal Management, and Personnel modules of the company's flagship software SutiHR. The solution lends a helping hand to HR administration, hiring managers, and recruiters to identify the hiring process and helps in determining the next best alternative to the steps undertaken. Moreover, the robust software helps the HR team to handle employees for its onboarding processes, thereby enabling smooth functioning of the organization.

 

Scope of the Report

Attribute Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Million
Market Coverage The United States of America., Canada, Mexico, Germany, The United Kingdom, France, Italy, Spain, Russia, Brazil,Japan, South Korea, China, India, Australia, Southeast Asia, United Arab Emirates, South Africa, Saudi Arabia, Egypt, Nigeria, Argentina, Colombia, Chile, and others
Product/Service Segmentation By Type, Application, and Region
Key Players Some of the key players include Qualtrics International Inc., SVI LLC, Performly Inc. Spidergap, Salesforce.Com, Inc., SutiSoft Inc., Cornerstone OnDemand, Inc., GroSum, SumTotal Systems Inc., Impraise, Mettl Online Assessment, Trakstar, Synergita, AssessTEAM, LLP, TalentGuard, SVMK Inc., Survey Sparrow Inc., Engagedly Inc., Motivosity Inc., and other prominent players.

 

By Product

  • Web-Based
  • Installed

By Applications

  • Corporations
  • Schools
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • South America

1.   Report Overview

1.1. Study Scope

1.2. Key Market Segments

1.2.1 Market Estimate and Forecast, By Type

1.2.2 Market Estimate and Forecast, By Application

1.2.3 Market Estimate and Forecast, By Region

1.3. Regulatory Scenario, By Region/Country

1.4. Market Investment Scenario

1.5. Market Analysis, By Type

1.5.1 Global 360 Degree Feedback Software Market,By Type (2020-2027)

1.5.2 Web-Based

1.5.3 Installed

1.6. Market, By Application

1.6.1Global 360 Degree Feedback Software Market, By Application (2020-2027)

1.6.2Corporation

1.6.3School

1.6.4Others

1.7. 360 Degree Feedback Software Industry Development Trends under COVID-19Outbreak

1.7.1 Global COVID-19 Status Overview

1.7.2 Influence of COVID-19 Outbreak on 360 Degree Feedback Software Industry Development

2.   Research Methodology

2.1. Research Phases

2.2. Methodology

2.3. Regional Split of Primary & Secondary Research

2.4. Secondary Research

2.5. Primary Research

2.5.1Breakdown of Primary Research Respondents, By Industry Participants

Market Size Estimation

2.6. Assumptions for the Study

2.7. Limitations

2.8. Market Breakdown & Data Triangulation

3.   Global Growth Trends

3.1. Industry Trends

3.1.1 SWOT Analysis

3.1.2 Porter’s Five Force Analysis

3.1.2.1 Threat of new entrants

3.1.2.2 Intensity of Competitive Rivalry

3.1.2.3 Threat of substitutes

3.1.2.4 Bargaining power of suppliers

3.1.2.5 Bargaining power of buyers

3.2. Potential Market and Growth Potential Analysis

3.3. Industry News and Policies, By Regions

3.3.1 Industry News

3.3.2 Industry Policies

3.4. Industry Trends Under COVID-19

3.5. Study Objectives

3.6. Years Considered

4.   Value chain of 360 Degree Feedback Software Market

4.1. Value Chain Status

4.1.1 IT Infrastructure (Prototype)

4.1.2 R&D and Design

4.1.3 Testing and Quality Check

4.1.4 Regulatory Approvals

4.1.5 Deployment and Distribution

4.2. Marketing Model Analysis

4.3. Downstream Major Customer Analysis (By Region)

4.3.1 North America

4.3.2 Europe

4.3.3 Asia-Pacific

4.3.4 Middle East and Africa

4.3.5 South America

4.4. Value Chain Status Under COVID-19

4.4.1 IT Infrastructure (Prototype)

4.4.2 R&D and Design

4.4.3 Testing and Quality Check

4.4.4 Regulatory Approvals

4.4.5 Deployment and Distribution

5.   Executive Summary

5.1. Global 360 Degree Feedback Software Market Overview Pre & Post COVID-19 Trend (2016-2027)

5.1.1Global 360 Degree Feedback Software Market Size, By Regions: 2016 VS 2021 VS 2027

5.1.2Pre & Post COVID-19 360 Degree Feedback Software Historic Market Share, By Regions (2020-2021)

6.    Global 360 Degree Feedback Software Market Size, By Type (2016-2027)

6.1. Global 360 Degree Feedback Software Market Size, By Type (2016-2027)

6.1.1Web-Based Revenue and Growth Rate (2016-2020)

6.1.2Installed Revenue and Growth Rate (2016-2020)

7.   Global 360 Degree Feedback Software Market Size, By Application (2016-2027)

7.1. Corporation Revenue and Growth Rate (2016-2020)

7.2. School Revenue and Growth Rate (2016-2020)

8.   Global 360 Degree Feedback Software Market Size, By Region (2016-2027)

9.   North America 360 Degree Feedback Software Market (2016-2027)

9.1. North America 360 Degree Feedback Software Market Size, By Country

10.   Europe 360 Degree Feedback Software Market (2016-2027)

10.1.Europe 360 Degree Feedback Software Market Size, By Country

11.   Asia-Pacific 360 Degree Feedback Software Market (2016-2027)

11.1. Asia-Pacific 360 Degree Feedback Software Market Size, By Country

12.Middle East & Africa 360 Degree Feedback Software Market (2016-2027)

12.1.Middle East & Africa 360 Degree Feedback Software Market Size, By Country

13.   South America 360 Degree Feedback Software Market (2016-2027)

13.1.South America 360 Degree Feedback Software Market Size, By Country

14.   Company Profile

14.1.Qualtrics International Inc.

14.2.SVI LLC

14.3.Performly Inc.

14.4.Spidergap

14.5.Salesforce.Com, Inc.

14.6.SutiSoft Inc.

14.7.Cornerstone OnDemand, Inc.

14.8.GroSum

14.9.SumTotal Systems Inc.

14.10.  Impraise

14.11.  Mettl Online Assessment

14.12.  Trakstar

14.13.  Synergita

14.14.  AssessTEAM, LLP

14.15.  TalentGuard

14.16.  SVMK Inc.

14.17.  Survey Sparrow Inc.

14.18.  Other Prominent Players

 

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Fig 1:  Market segments

Fig 2:  Global 360 Degree Feedback Software Market size, By Web Based Type (2020-2027)

Fig 3:  Global 360 Degree Feedback Software Market size, By Installed Type (2020-2027)

Fig 4:  Global 360 Degree Feedback Software Market Size, By Corporation Application (2020-2027)

Fig 5:  Global 360 Degree Feedback Software Market Size, By school Application (2020-2027)

Fig 6:  Global 360 Degree Feedback Software Market size, By Others Application (2020-2027)

Fig 7:  Research phases

Fig 8:  Methodology

Fig 9:  Regional Split of Primary & Secondary Research

Fig 10:  Secondary Sources for different Parameters

Fig 11:  Breakdown of Primary Research Respondents, By Industry Participants

Fig 12:  Assumptions for market estimation and forecast

Fig 13:  Market segments

Fig 14:  Global 360 Degree Feedback Software market, By type HIGHLIGHT

Fig 15:  Global 360 Degree Feedback Software Historic Market Share, By Type, USD Million (2016 – 2027)

Fig 16:  Global 360 Degree Feedback Software Historic Market share, By Application, USD Million (2016 – 2027)

Fig 17:  Global 360 Degree Feedback Software Historic Market Share, By region, USD Million (2016 – 2027)

Fig 18:  North America 360 Degree Feedback Software market 2016-2027 Overview

Fig 19:  North America 360 Degree Feedback Software market, By Country Highlight

Fig 20:  Europe 360 Degree Feedback Software market 2016-2027 Overview

Fig 21:  Europe 360 Degree Feedback Software market, By Country HIGHLIGHT

Fig 22:  Asia-Pacific 360 Degree Feedback Software market 2016-2027 Overview

Fig 23:  Asia-Pacific 360 Degree Feedback Software market, By Country HIGHLIGHT

Fig 24:  Middle East & Africa 360 Degree Feedback Software market 2016-2027 Overview

Fig 25:  Middle East & Africa 360 Degree Feedback Software market, By Country HIGHLIGHT

Fig 26:  South America 360 Degree Feedback Software market 2016-2027 Overview

Fig 27:  South America 360 Degree Feedback Software market, By Country HIGHLIGHT

Fig 28:  Qualtrics International Inc.  TOTAL REVENUE, 2018–2020 (USD MILLION)

Fig 29:  Qualtrics International Inc.  Geographical REVENUE, 2020 (%)

Fig 30:  Qualtrics International Inc.: SWOT Analysis

Fig 31:  SVI LLC: SWOT Analysis

Fig 32:  Performly Inc.: SWOT Analysis

Fig 33:  Spidergap: SWOT Analysis

Fig 34:  Salesforce.com Inc.  TOTAL REVENUE, 2018–2020 (USD MILLION)

Fig 35:  Salesforce.com Inc.  Sources REVENUE, 2020 (%)

Fig 36:  Salesforce.com Inc.  Geographical REVENUE, 2020 (%)

Fig 37:  Salesforce.com Inc.: SWOT Analysis

Fig 38:  SutiSoft Inc.: SWOT Analysis

Fig 39:  Cornerstone on demand, Inc.  TOTAL REVENUE, 2017–2019 (USD MILLION)

Fig 40:  Cornerstone on demand, Inc.  Sources REVENUE, 2019 (%)

Fig 41:  Cornerstone on demand, Inc.  Geographical REVENUE, 2019 (%)

Fig 42:  Cornerstone on demand, Inc.: SWOT Analysis

Fig 43:  GroSum: SWOT Analysis

Fig 44:  SumTotal Systems LLC: SWOT Analysis

Fig 45:  Impraise: SWOT Analysis

Fig 46:  Mettl Online Assessment: SWOT Analysis

Fig 47:  Trakstar: SWOT Analysis

Fig 48:  Synergita: SWOT Analysis

Fig 49:  AssessTEAM, LLP: SWOT Analysis

Fig 50:  TalentGuard: SWOT Analysis

Fig 51:  SVMK Inc.., Total Revenue, 2017–2019 (USD MILLION)

Fig 52:  SVMK Inc., Geographical Revenue, 2019 (%)

Fig 53:  SVMK Inc.: SWOT Analysis

Fig 54:  Survey Sparrow Inc.: SWOT Analysis

 

List of Tables

 

Table 1:  Influence of COVID-19 Outbreak on 360 Degree Feedback Software Industry Development

Table 2:  Pre-Covid-19 Impact On Global 360 Degree Feedback Software Market, USD Million (2016 – 2020)

Table 3:  Under and Post COVID-19 IMPLICATIONS ON GLOBAL 360 DEGREE FEEDBACK SOFTWARE MARKET, USD Million (2021 – 2027)

Table 4:  Covid-19 360 Degree Feedback Software Market Size, By Regions, 2016 Vs 2021 vs 2027

Table 5:  Covid-19 360 Degree Feedback Software Historic Market Share, By Regions (2020-2021)

Table 6:  Global Web-Based 360 Degree Feedback Software Historic Market Growth Rate (%) (2016-2020)

Table 7:  Global Web-Based 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 8:  Global Installed 360 Degree Feedback Software Historic Market Growth Rate (%) (2016-2020)

Table 9:  Global Installed 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 10:  Global 360 Degree Feedback Software Historic Market Size, By Type, USD Million (2016-2020)

Table 11:  Global 360 Degree Feedback Software Forecast Market Size, By Type, USD Million (2021-2027)

Table 12:  Global 360 Degree Feedback Software Historic Market Growth Rate (%) in Corporation Application Sector (2016-2020)

Table 13:  Global 360 Degree Feedback Software Historic Market Growth Rate (%) in Corporation Application Sector (2021-2027)

Table 14:  Global 360 Degree Feedback Software Historic Market Growth Rate (%) in school Application Sector (2016-2020)

Table 15:  Global 360 Degree Feedback Software Historic Market Growth Rate (%) in school Application Sector (2021-2027)

Table 16:  Global 360 Degree Feedback Software Historic Market Size, BY Application, USD Million (2016-2020)

Table 17:  Global 360 Degree Feedback Software Forecast Market Size, BY Application, USD Million (2021-2027)

Table 18:  Global 360 Degree Feedback Software Historic Market Size, BY Region, USD Million (2016-2020)

Table 19:  Global 360 Degree Feedback Software Forecast Market Size, BY Region, USD Million (2021-2027)

Table 20:  North America 360 Degree Feedback Software Historic Market Growth rate (%) (2016-2020)

Table 21:  North America 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 22:  North America 360 Degree Feedback Software Historic Market Size, By country, USD Million (2016-2020)

Table 23:  North America 360 Degree Feedback Software Forecast Market Size, BY country USD Million (2021-2027)

Table 24:  North America 360 Degree Feedback Software Historic Market Growth Rate, BY country, (%) (2016-2020)

Table 25:  North America 360 Degree Feedback Software Forecast Market Growth Rate, BY country, (%) (2021-2027)

Table 26:  Europe 360 Degree Feedback Software Historic Market Growth Rate (%) (2016-2020)

Table 27:  Europe 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 28:  Europe 360 Degree Feedback Software Historic Market Size, BY country, USD Million (2016-2020)

Table 29:  Europe 360 Degree Feedback Software Forecast Market Size, BY country, USD Million (2021-2027)

Table 30:  Europe 360 Degree Feedback Software Historic Market Growth Rate, BY country, (%) (2016-2020)

Table 31:  Europe 360 Degree Feedback Software Forecast Market Growth Rate, BY country, (%) (2021-2027)

Table 32:  Asia-Pacific 360 Degree Feedback Software Historic Market Growth Rate (%) (2016-2020)

Table 33:  Asia-Pacific 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 34:  Asia-Pacific 360 Degree Feedback Software Historic Market Size, BY country, USD Million (2016-2020)

Table 35:  Asia-Pacific 360 Degree Feedback Software Forecast Market Size, BY country, USD Million (2021-2027)

Table 36:  Asia-Pacific 360 Degree Feedback Software Historic Market Growth Rate, BY country, (%) (2016-2020)

Table 37:  Asia-Pacific 360 Degree Feedback Software Forecast Market Growth Rate, BY country, (%) (2021-2027)

Table 38:  Middle East & Africa 360 Degree Feedback Software Historic Market Growth Rate (%) (2016-2020)

Table 39:  Middle East & Africa 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 40:  Middle East & Africa 360 Degree Feedback Software Historic Market Size, BY country, USD Million (2016-2020)

Table 41:  Middle East & Africa 360 Degree Feedback Software Forecast Market Size, BY country, USD Million (2021-2027)

Table 42:  Middle East & Africa 360 Degree Feedback Software Historic Market Growth Rate, BY country, (%) (2016-2020)

Table 43:  Middle East & Africa 360 Degree Feedback Software Forecast Market Growth Rate, BY country, (%) (2021-2027)

Table 44:  South America 360 Degree Feedback Software Historic Market Growth Rate (%) (2016-2020)

Table 45:  South America 360 Degree Feedback Software Historic Market Growth Rate (%) (2021-2027)

Table 46:  South America 360 Degree Feedback Software Historic Market Size, BY country, USD MILLION (2016-2020)

Table 47:  South America 360 Degree Feedback Software Forecast Market Size, BY country, USD Million (2021-2027)

Table 48:  South America 360 Degree Feedback Software Historic Market Growth Rate, BY country, (%) (2016-2020)

Table 49:  South America 360 Degree Feedback Software Forecast Market Growth Rate, BY country, (%) (2021-2027)

Table 50:  Qualtrics International Inc., Products/Services Offered

Table 51:  Qualtrics International Inc.  Key Developments

Table 52:  SVI LLC, Products/Services Offered

Table 53:  Performly Inc., Products/Services Offered

Table 54:  Spidergap, Products/Services Offered

Table 55:  Salesforce.Com Inc., Products/Services Offered

Table 56:  Salesforce.Com Inc.  Key Developments

Table 57:  SutiSoft Inc., Products/Services Offered

Table 58:  SutiSoft Inc.  Key Developments

Table 59:  Cornerstone OnDemand, Inc., Products/Services Offered

Table 60:  Cornerstone OnDemand, Inc.  Key Developments

Table 61:  GroSum, Products/Services Offered

Table 62:  SumTotal Systems LLC, Products/Services Offered

Table 63:  SumTotal Systems LLC, Key Developments

Table 64:  Impraise, Products/Services Offered

Table 65:  Mettl Online Assessment, Products/Services Offered

Table 66:  Trakstar, Products/Services Offered

Table 67:  Synergita, Products/Services Offered

Table 68:  Synergita, Key Developments

Table 69:  AssessTEAM, LLP, Products/Services Offered

Table 70:  TalentGuard, Products/Services Offered

Table 71:  TalentGuard, Key Developments

Table 72:  SVMK Inc., Products/Services Offered

Table 73:  SVMK Inc., Key Developments

Table 74:  Survey Sparrow Inc., Products/Services Offered

Table 75:  Survey Sparrow Inc., Key Developments

Market Segmentation

By Product

  • Web-Based
  • Installed

By Applications

  • Corporations
  • Schools
  • Others

By Region

  • North America
  • Europe
  • The Asia-Pacific
  • The Middle East & Africa
  • South America
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Frequently Asked Questions (FAQs):

Ans: The global 360-degree feedback software market reached USD 734.7 million in 2020.
Ans: The major factors driving the growth of the global 360-degree feedback software marketare the growing acceptance rates of cloud-based technologies, and the rising demand for better analytical tools at identifying key areas of work of an employee.
Ans: The key players in the global 360-degree feedback software market Qualtrics International Inc., SVI LLC, Performly Inc. Spidergap, Salesforce.Com, Inc., SutiSoft Inc., Cornerstone OnDemand, Inc., GroSum, SumTotal Systems Inc., Impraise, Mettl Online Assessment, Trakstar, Synergita, AssessTEAM, LLP, TalentGuard, SVMK Inc., Survey Sparrow Inc., Engagedly Inc., Motivosity Inc., and other prominent players.
Ans: The corporations’ segment accounted for the largest share in the global 360-degree feedback software market.
Ans: North America is growing at a higher rate in the global 360-degree feedback software market.