Global Employee Wellness Software Market by Type (Cloud-Based, On-Premises), By Application (Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global employee wellness software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based employee wellness software and the growing awareness about the benefits of employee wellness programs. The global employee wellness software market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into cloud-based and on-premises. Cloud-based Employee Wellness Software are gaining popularity due to their low cost and easy deployment as compared to on-premises solutions. They offer several advantages such as scalability, flexibility, security, and mobility which are fuelling their adoption among enterprises across different industries worldwide. On the basis of application, it is segmented into large enterprises (1000+ users), medium sized enterprise (499–1000 users), small enterprises (1–499 users). Large Enterprises account for a major share in terms of revenue in this market owing to their increased focus on health & safety measures for employees along with rising awareness about preventive healthcare measures among employees working in these organizations . Regionally, North America dominates this market followed by Europe due To early adoption rates by large enterprises coupled with stringent government regulations mandating workplace safety measures across these regions .



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Product Definition:

Employee Wellness Software is a type of software that helps organizations keep their employees healthy and productive. It can include features such as health assessments, wellness goals, tracking tools, and communication platforms. Employee Wellness Software is important because it can help organizations save money on healthcare costs and improve employee productivity.

Cloud-Based:

Cloud-based software is a type of wellness software that helps in tracking employee health information. It can be used by any organization and has the ability to store large amounts of data on remote servers, which makes it accessible to authorized users at any point in time. Cloud-based wellness programs are designed for organizations with high employee mobility and those who need real-time access to employees' health information.

On-Premises:

On-premises software is a type of employee wellness software that helps organizations in storing medical data of their employees. It also helps the organization to manage and analyze the data. The on-premises software is used by large as well as small & medium enterprises for their employee wellness programs.

The on-premises software has various advantages such as it can be easily customized according to the requirements, it provides complete control over all aspects of its operation,.

Application Insights:

The large enterprises segment held the largest market share of over 70% in 2017. The large enterprise segment is expected to continue its dominance over the forecast period owing to factors such as high adoption rates, increasing demand for stress management programs and a growing number of organizations adopting employee wellness applications.

The medium-sized enterprises segment is expected to register the highest CAGR exceeding 12% from 2018 to 2030 due mainly to increased adoption of employee wellness software by small and medium-sized businesses (SMBs). SMBs are increasingly adopting cloud-based EWS solutions as they offer various benefits such as cost savings, enhanced productivity, flexible access from any device with an internet connection and easy integration with other systems. Furthermore, companies offering EWS solutions in association with major banks have enabled even smaller businesses access premium services at nominal costs. This has ledto a significant increase in demand among SMBs forwellness software deployment across departments.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to growing awareness about employee wellness, high disposable income of employees and their need for a healthy lifestyle, and increasing pressure on organizations from shareholders to generate profits as soon as possible.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to improving economic conditions in emerging countries such as India and China, which has resulted in increased adoption of software by enterprises operating across various sectors including healthcare & life sciences, manufacturing & automotive. Furthermore, an increase in foreign direct investments coupled with favorable government policies aimed at promoting digitalization is likely drive regional growth over this period.

Growth Factors:

Increasing awareness about the importance of employee wellness and its positive impact on organizational productivity is driving the demand for employee wellness software.
Rapid growth in the number of small and medium businesses is propelling the demand for employee wellness software as these businesses are increasingly realizing the importance of preventive health care measures to improve workforce productivity and reduce health care costs.
The increasing adoption of workplace wellness programs by large enterprises is fueling the growth of Employee Wellness Software market as these programs help organizations identify, track, and manage employees' health risks proactively.
Growing emphasis on cost-effective workplace health management solutions is boosting demand for Employee Wellness Software market globally.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Employee Wellness Software Market Research Report
By Type
Cloud-Based, On-Premises
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
Sprout, Virtuagym, CoreHealth Technologies, Elevo, Terryberry Wellness, Virgin Pulse, Achievers, Ikkuma, Changers, LifeWorks, Eurécia, Beenote for meetings, Jiff, Limeade, Lyra Health, Whil
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.

Global Employee Wellness Software Market Report Segments:
The global Employee Wellness Software market is segmented on the basis of:
Types
Cloud-Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Sprout
Virtuagym
CoreHealth Technologies
Elevo
Terryberry Wellness
Virgin Pulse
Achievers
Ikkuma
Changers
LifeWorks
Eurécia
Beenote for meetings
Jiff
Limeade
Lyra Health
Whil



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Highlights of The Employee Wellness Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-Based
On-Premises
By Application:
Large Enterprises(1000+ Users)
Medium-Sized Enterprise(499-1000 Users)
Small Enterprises(1-499 Users)
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Employee Wellness Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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