Global Employee Wellness Software Market by End-Users (Cloud-based, and On-

premises), Applications (SMEs, and Large Enterprises), and Regions (Asia Pacific,
North America, Latin America, Europe, and Middle East & Africa) - Global
Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2026

The global employee wellness software market was valued at USD 439.7 Million in
2019 and is projected to reach USD 720 Million by 2026, expanding at a CAGR of
7.4% during the forecast period, 2020 – 2026. The growth of the market is
attributed to the increasing adoption of employee wellness programs across all
types of organizations.

Employee wellness programs have become crucial in many organizations to attract

new talent in the organization, decrease employee turnover and keep employees
satisfied. Employee wellness software enables organizations to manage, organize,
and administer various wellness programs. The solution aims to change the work
culture towards health by creating a social support system for employees.

Market Trends, Drivers, Restraints, and Opportunities:

 Increasing adoption of employee wellness programs across all organizations

is a major driver for the market growth.
 The increasing number of chronic diseases across the globe is likely to fuel
the market growth.
 Organizations are focusing on designing wellness programs that are easily
addressable in order to reduce expenditure; boosting the overall market
growth,
 Employees’ lack of confidence on employers is the key restraint for this
market.
  Slow adoption of such software is expected to hinder the market growth.

Scope of the Report

The report on the global employee wellness software market includes an

assessment of the market, trends, segments, and regional markets. Overview and
dynamics have also been included in the report.

Attributes Details
Base Year 2019
Historic Data 2018–2019
Forecast Period 2020–2026
Regional Scope Asia Pacific, North America, Latin
America, Europe, and Middle East &
Africa
Report Coverage Company Share, Market Analysis and
Size, Competitive Landscape, Growth
Factors, and Trends, and Revenue
Forecast

Global Employee Wellness Software Market Segment Insights:

In terms of types, the global employee wellness software market is divided into
cloud-based, and on-premises. The cloud-based segment is expected to account for
a major share in the market and expand at a high CAGR during the forecast period.
Many companies are operating on cloud-based employee wellness software as it
enables them to manage employee engagement through customized wellness
programs.

On the basis of applications, the market is segmented into SMEs, and large
enterprises. Large enterprises segment is projected to account for a key share in
the global market and expand at a significant CAGR throughout the forecast period.
The large enterprises are adopting employee wellness software to keep their
employees happy, reduce employee turnover and recruit new talent. These
software solutions offer large organizations with initiatives that encourage
employees to start and sustain a healthy standard of living.

Based on regions, the global employee wellness software market is categorized as

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North
America accounts for a major share in the global market and is expected to
continue during the forecast period. Markets in both North America and South
America are estimated to expand at a significant CAGR throughout the forecast
period. The companies functioning in these regions offer numerous benefits such as
voluntary benefits for financial needs, health benefits and employee satisfaction.

Competitive Landscape:

The key players in the highly fragmented global employee wellness software market
include Alyfe Wellbeing Strategies, BSDI, Burner Fitness, Ceridian Lifeworks,
CoreHealth Technologies, Corporate Health Partners, Infinite Wellness Solutions,
MediKeeper, Protocol Driven Healthcare, Rival Health, Sprout, Virgin Pulse, and
Wellness Layers. They companies adopt strategies such as product launches,
product development, and agreements, to increase market share.

Segments Covered in the Report

The global employee wellness software market has been segmented on the basis of

Types

 Cloud-based
 On-premises

Applications

 SMEs
 Large Enterprises
Regions

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