Global Employee Wellness Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Employee Wellness Software market:
The latest research study on the global Employee Wellness Software market finds that the global Employee Wellness Software market reached a value of USD 581.96 million in 2022. It’s expected that the market will achieve USD 896.63 million by 2028, exhibiting a CAGR of 7.47% during the forecast period.

Interoperability
As the diversity of medical devices, wearable devices, and healthcare applications continues to grow, a large amount of data is generated, and the employee health management program allows the health data of each employee to be imported into a unified management and monitoring system.

Security flaws
If no additional security measures are taken, employee health software will increase the risk of hacker intrusion and data leakage. 96% of applications in all industries contain open source software, and a large part is vulnerable to open source security issues. In view of the fact that in 2016, information security is considered to be the most important health issue for IT departments.

Legal compliance
Different countries have different laws and regulations for the software industry, but most countries use stricter laws to regulate the software industry.

Region Overview:
In 2021, the share of the Employee Wellness Software market in North America stood at 42.28%.

Company Overview:
Virgin Pulse is one of the major players operating in the Employee Wellness Software market, holding a share of 11.42% in 2022.

LifeWorks
LifeWorks is committed to providing a unified comprehensive welfare solution for employees all over the world. Its mobile-first user experience and anytime, anywhere support services help improve the health of employees and increase productivity. The LifeWorks solution has an ever-improving employee assistance program, communication and community contributions, allowances and savings, rewards and recognition, and health plans. LifeWorks and Morneau Shepell teamed up in 2018 to combine the best user experience and clinical support to achieve comprehensive mental, physical, social and financial well-being for people all over the world.

Achievers
Achievers delivers the cloud-based Employee Success Platform that enables remarkable business success. Designed specifically to meet the complex needs of today changing, modern workplace, it is the most engaging software specifically designed to engage, align and recognize employees. It is software employees love to use every day inover 110 countries. Achievers customers include Deloitte, CVS Pharmacy, ConAgra Foods and Microsoft.

Segmentation Overview:
As for product types, the Cloud based segment held the largest market share in 2021.

Cloud based
Cloud based employee health software is a comprehensive tool suite that can access the cloud from any place in the world that can access the Internet. It can help members of the company's health plan track their health, aggregate health tracking data from connected devices, and Can be used as a mobile access point for health plan services. It can provide organizations with the ability to organize, manage and initiate a strong employee health plan.

On-premise
On-premise employee health software can provide employees with employee health management services in the computers and servers where the software is installed, requiring the company to pay the full price of the software in advance. It needs further monitoring and management internally before use.

Application Overview:
The market's largest segment by application is the segment Large Enterprise, with a market share of 68.63% in 2021.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Employee Wellness Software market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Employee Wellness Software market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Employee Wellness Software and its sub-markets in an intuitive way.

Key Companies in the global Employee Wellness Software market covered in Chapter 3:
Corporate Health Partners
Sprout
Terryberry Wellness
Virgin Pulse
Changers
League
Jiff (Castlight)
Cerner Wellness
Achievers
MediKeeper
Limeade
LifeWorks
Protocol Driven Healthcare Inc (PDHI)
CoreHealth Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Employee Wellness Software market from 2018 to 2029 is primarily split into:
Cloud Based
On-premise

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Employee Wellness Software market from 2018 to 2029 covers:
Large Enterprise
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Employee Wellness Software market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029