According to new data from MarkNtel Advisors, the worldwide employee experience management (EEM) market is projected to grow by a CAGR of 11 percent, from 2023’s $6.45 billion, by 2030.
Factors influencing this growth include:
- Rise in demand for real-time performance management, to continually direct, assess and enhance employee performance.
- Shift to hybrid and remote work culture. With the implementation of these models, there is a rising need for tools to assist in managing and enhancing the experience of employees from far away. To maintain work fluency, employee experience management solutions offer platforms for better communication, tracking, feedback and collaboration.
- Technological advancements, including AI, ML and more sophisticated EEM solutions for analyzing large quantities of data to provide insight into employee behavior and trends, and suggest personalized interventions.
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