Employee Recognition Software Market Insights Video

According to Cognitive Market Research, the global Employee Recognition Software Market size was USD 36214.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 187.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 140.85 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 107.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 23.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 9.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
• The Large enterprise category is the fastest growing segment of the Employee Recognition Software industry