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PUBLISHER: IDC | PRODUCT CODE: 1521938

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PUBLISHER: IDC | PRODUCT CODE: 1521938

Worldwide and U.S. Employee Experience Software and Services Forecast, 2024-2028

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PAGES: 17 Pages
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This IDC study provides a sizing of the employee experience software and services markets in 2023 with a 2024-2028 forecast. The EX market is poised for maturing growth over the next five years. EX transformation is framing the evolution of organizational tech stacks and data extensibility to connect business insights across finance, HR, procurement, and operations using core AI modeling frameworks. The impact expansion of EX insights to more than just the remits of HR and front-office management is leading organizations to embrace new concepts in data management and use case prescriptions to guide personalized resource engagement experience and workflow management at work. As personalization takes root, a rising number of companies are realizing digitally enabled productivity gains that are leading them to seek more ways to make data, digital tools, processes, knowledge, and resources more accessible across individual business process execution. Aligning digital delivery to how people actually work and engage across objectives and key results is evolving into a way of life and business execution that is not likely to slow down. "EX is more than an HR problem. Early employee listening insights are driving companies to recognize the performance and productivity benefits of personalizing employee enablement and engagement responses at work. The introduction of core AI data modeling is extending workforce insights into core business process management, helping non-HR leaders orchestrate objectives and key results in the context of what the workforce can execute," says Zachary Chertok, research manager for Employee Experience at IDC. "As the back office takes steps to improve responsive design, front-office engagement models are helping core AI models personalize resource and process delivery in the flow of work for training, enablement, and execution. Over time, personalization aligns continuous employee growth and gradual workforce reconfiguration with the evolving organization."

Product Code: US51770724

IDC Market Forecast Figure

Executive Summary

  • Employee Experience Drives Technology and Services Reorientation
  • Adaptability, Workforce Responsiveness, and Market Demand
  • EX Drives for Data Unity and Personalization Are Shaping Functional Demand
  • Looking Ahead
  • Notes, Sources, and Methodology for the IDC Forecast
  • Synopsis

Advice for Technology Suppliers

  • For Technology Providers
  • For Services Providers

Market Forecast

  • Worldwide and U.S. EX Software and Services Market

Market Context

  • Drivers and Inhibitors
    • Drivers
      • Demand for AI Personalization Frameworks Will Increase
      • Calls for Data Extensibility Will Lead Data Strategy Orchestration and Motivate Digital Spend
      • GenAI Will Make Data, Data Visualizations, Insights, and Prescriptive Actions More Accessible
    • Inhibitors
      • Geographic Talent Mobility Will Continue to Undermine Business Strategy Execution
      • Rising IT Spend Scrutiny Will Slow Digital Ecosystem Expansions
  • Significant Market Developments
    • Strategy and Alignment
    • Digital Capabilities and Long-Range Outlook
  • Changes from Prior Forecast

Market Definition

  • Market Category Definitions

Methodology

  • Software
  • Services
  • Net New

Related Research

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