New York, USA, April 8, 2021 (GLOBE NEWSWIRE) – The employee communications software industry is likely to grow rapidly during the COVID-19 pandemic. According to a report released by Research Dive, the global employee communication software market it is predicted to surpass $ 1,605.3 million during the forecast period of 2019 to 2026. The report provides a detailed analysis of the drivers, constraints, huge growth opportunities, challenges, major segments, and different strategies of market players to better understand the impact of the Covid-19 pandemic on the global market.
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Highlights in the Report
• The estimated CAGR of the employee communications software market before the COVID-19 pandemic was 10.8% over the forecast period.
• Global industry CAGR is expected to rise to 15.2% by 2027 after the pandemic crisis.
• In 2020, the projected market size of the communications software industry for employees before the COVID-19 pandemic was $ 649.1 million.
• Due to the COVID-19 pandemic, the market size of the global industry is expected to exceed $ 695.7 million in 2020.
Click here to connect with our analyst and learn more about the short-term and long-term impacts of COVID-19 on the global employee communications software market: https://www.researchdive.com/connect-to-analyst/183
Key market characteristics
According to our analysts, the rapid growth and increasing adoption of employee communication software products during the Covid-19 pandemic for web conferencing programs by various companies around the world is a major factor driving the growth of the global employee communication market in 2020. Furthermore, various governments across the world highlights various initiatives to support organizations in these pandemic crises. For example, in May 2020, the Japanese Ministry of Economy, Industry and Trade announced its additional financial support to medium and small enterprises (SMEs), which are irrelevant financing options with interest-free for up to five years. This ultimately helps organizations in the country run their businesses efficiently during the COVID-19 crisis.
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Prominent industry players
• Nudge Rewards Inc.
• Spark guide
• Beekeeper AG
• Sociabble, Inc.
• Social Chorus, Inc.
• Our people
• EMPLOYEES application
Access a variety of market reports containing a comprehensive analysis of the market situation, updated with the impact of COVID-19: https://www.researchdive.com/covid-19-insights
Market landscape after the pandemic
According to the report, The global employee communications software market is expected to grow significantly even after the COVID-19 pandemic. This is mainly due to the increasing application of teleworking and changing methods of work. In addition, increasing investment in improved IT infrastructure and various strategies adopted by key market players are expected to boost global market growth over the forecast period. For example, in February 2021, GuideSpark, a leader in communicating change, announced new features that allow companies to coordinate, plan, and personalize employee communications across the enterprise to maximize employee experience, campaign efficiency, and business results. The latest enhancements to GuideSpark Communicate Cloud ensure that company messages reach the right people at the right time without overwhelming employees with a wealth of information.
The report also summarizes many important aspects, including the financial performance of key players, SWOT analysis, product portfolio and the latest strategic developments. Click here to get a summary report of the absolute top company development strategies.
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