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Employee Wellness Software Market Size, Share, Analysis 2031
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Employee Wellness Software Market Size, Share, Analysis 2031

Segments - Employee Wellness Software Market by Types (Mobile App and Web-based), Deployment Modes (Cloud and On-premise), Organization Size [Large Enterprises (1000+ Users), Medium-Sized Enterprise (499-1000 Users), and Small Enterprises (1-499 Users)), and Regions (Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa) Forecasts, 2023-2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :ICT-SE-2816 | 4.9 Rating | 78 Reviews | 170 Pages | Format : PDF Excel PPT

Report Description


The global employee wellness software market was valued at USD 581.9 million in 2022 and is expected to surpass USD 1.11 Billion by 2031, expanding at a CAGR of 7.47% during the forecast period, 2023–2031. Employee wellness software is a comprehensive method to motivate employees to pay attention to their health, resulting in more balanced company culture.

Companies can use the software to encourage their staff to live healthier lifestyles. Employee involvement, confidential health exams, incentives and rewards, health education, and progress monitoring are few of the options.

Employee Wellness Software Market Outlook

Machine learning, AI, and other technologies are supported by employee wellness software, resulting in tailored exercise regimens for each employee. The programme also includes individualised food charts, step tracking and monitoring, motorised cholesterol, blood pressure monitoring, and personal health coaches.

  • Increasing awareness among employees to regularly screen health by software, encourage preventative care, and save medical expenses is driving the market growth.

  • Employee health software can benefit from the growing usage of smartphones in developed countries. Employee wellness motivates employees to adopt a healthy lifestyle, which helps organisations boost productivity and save expenses.

  • Lack of awareness about such programs in developing countries can hinder the market growth

  • Many organizations and enterprises across a variety of industry verticals have begun to develop health-related programmes for their employees, which is estimated to create lucrative opportunities for the market.

Scope of the report:

The report on the global employee wellness software market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Employee Wellness Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016 & 2021

Forecast Period

2023–2031

Segmentation

Types (Mobile App and Web-based), Deployment Modes (Cloud and On-premise), Organization Size [Large Enterprises (1000+ Users), Medium-Sized Enterprise (499-1000 Users), and Small Enterprises (1-499 Users)),

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

Sprout, Achievers, Tracxn Technologies, Virtuagym, CoreHealth Technologies, Elevo, Terryberry, LifeWorks, Corporate Health Partners, Virgin Pulse

Employee Wellness Software Market Segment Insights:

Mobile app segment is projected to hold a significant market share

In the terms of types, the market can be bifurcated into mobile apps and web-based. The mobile apps segment held a considerable share of the market in 2020 owing to rising health consciousness, smartphone usage, and the use of fitness applications. Furthermore, a significant increase in fitness app downloads during the COVID-19 epidemic is fueling the segment growth.

According to the World Health Organization (WHO) research, the number of individuals using health and wellness applications was expected to increase by 78% by 2020. Additionally, the working population in emerging nations and demand for employee wellness software are spurring the segment growth.

Employee Wellness Software Market Types

Cloud segment held a substantial market share in 2020

Based on applications, the market can be fragmented into cloud and on-premise. The cloud segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. An employee can access the software from almost anywhere due to cloud deployment.

Affordability, high security and quick deployment are some of the major drivers behind the high adoption of cloud software. As cloud segment software has comparatively low maintenance costs than on-premise, it is much preferred by employers’.

Large enterprises segment to grow at a steady rate during the forecast period

 Based on end-users, the market can be segregated into large enterprises (1000+ users), medium-sized enterprises (499-1000 users), and small enterprises (1-499 users). The large enterprises segment is expected to hold a significant share of the market during the forecast period.

Services and programs can be integrated into the infrastructure of larger organizations. Small businesses might profit from corporate memberships and services outsourcing. Employee wellness initiatives aid in the detection of a variety of illnesses.

Health screening programs are done regularly to monitor health, promote preventative care, and lower treatment costs. Employee wellness programs that concentrate on these diseases can help to minimize disease burden and the total cost of healthcare premiums paid by the business to any insurance provider.

North America to dominate the global market

In terms of regions, the global employee wellness software market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020 due to rising awareness among employees about health.

During the forecast period, the market in Asia Pacific is expected to develop at a rapid pace owing to growing demand for employee wellness programs, rising working population, and increased awareness of employee health management in countries such as India and China.

Employee Wellness Software Market Regions

Segments

By Types

  • Mobile Apps
  • Web-based

By Deployment Modes

  • Cloud
  • On-premise

By Organization Size

  • Large Enterprises (1000+ Users)
  • Medium-Sized Enterprises (499-1000 Users)
  • Small Enterprises (1-499 Users)

By Regions

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa

Key Players

  • Sprout
  • Achievers
  • Tracxn Technologies
  • Virtuagym
  • CoreHealth Technologies
  • Elevo
  • Terryberry
  • LifeWorks
  • Corporate Health Partners
  • Virgin Pulse

Competitive Landscape

Key players in the global employee wellness software market are Sprout, Achievers, Tracxn Technologies, Virtuagym, CoreHealth Technologies, Elevo, Terryberry, LifeWorks, Corporate Health Partners, Virgin Pulse. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Employee Wellness Software Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Employee Wellness Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Employee Wellness Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Employee Wellness Software Market - Supply Chain
  4.5. Global Employee Wellness Software Market Forecast
     4.5.1. Employee Wellness Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Employee Wellness Software Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Employee Wellness Software Market Absolute $ Opportunity
5. Global Employee Wellness Software Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Employee Wellness Software Market Size and Volume Forecast by Types
     5.3.1. Mobile Apps Web-based
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Employee Wellness Software Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Employee Wellness Software Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Employee Wellness Software Demand Share Forecast, 2019-2026
7. North America Employee Wellness Software Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Employee Wellness Software Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Employee Wellness Software Market Size and Volume Forecast by Types
     7.4.1. Mobile Apps Web-based
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Employee Wellness Software Demand Share Forecast, 2019-2026
8. Latin America Employee Wellness Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Employee Wellness Software Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Employee Wellness Software Market Size and Volume Forecast by Types
     8.4.1. Mobile Apps Web-based
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Employee Wellness Software Demand Share Forecast, 2019-2026
9. Europe Employee Wellness Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Employee Wellness Software Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Employee Wellness Software Market Size and Volume Forecast by Types
     9.4.1. Mobile Apps Web-based
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Employee Wellness Software Demand Share Forecast, 2019-2026
10. Asia Pacific Employee Wellness Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Employee Wellness Software Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Employee Wellness Software Market Size and Volume Forecast by Types
     10.4.1. Mobile Apps Web-based
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Employee Wellness Software Demand Share Forecast, 2019-2026
11. Middle East & Africa Employee Wellness Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Employee Wellness Software Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Employee Wellness Software Market Size and Volume Forecast by Types
     11.4.1. Mobile Apps Web-based
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Employee Wellness Software Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Employee Wellness Software Market: Market Share Analysis
  12.2. Employee Wellness Software Distributors and Customers
  12.3. Employee Wellness Software Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sprout Achievers Tracxn Technologies Virtuagym CoreHealth Technologies Elevo  

Methodology

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