360 Degree Feedback Software Market to Reach $2.4 Billion by 2029 with 13.6% CAGR

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The Business Research Company's 360 Degree Feedback Software Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034

LONDON, GREATER LONDON, UNITED KINGDOM, September 24, 2025 /EINPresswire.com/ -- "Get 30% Off All Global Market Reports With Code ONLINE30 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors

What Is The 360 Degree Feedback Software Market Size And Growth?
Recent years have seen a swift growth in the market size of the 360 degree feedback software. This market is predicted to increase from $1.26 billion in 2024 to $1.44 billion in 2025, with a compound annual growth rate (CAGR) of 14.0%. This surge during the historical period is linked to the growing requirement for employee development initiatives, the rise in the use of cloud-based human resources solutions, increased focus on performance clarity and responsibility, the escalating significance of data-informed decision making, and an amplified emphasis on leadership growth and succession management.

In the coming years, the market for 360 degree feedback software is anticipated to experience swift expansion. It is projected to reach a valuation of $2.40 billion in 2029, with a compound annual growth rate (CAGR) of 13.7%. The predicted rise during this forecast period may be due to the heightened investments in methods to engage and retain employees, its increasing usage in sectors such as education, healthcare, and non-profits traditionally considered outside its scope, and a rising demand for constant rather than annual performance management. Moreover, the growing necessity for customized learning and development trajectories, and the mounting pressure to enhance organizational agility and flexibility also contribute. Foreseeable trends within the same period encompass enhancements in cloud computing, the adoption of advanced technology in performance management systems, the evolution of mobile and remote access, improvements in data analytics and visualization tools, and technological innovations improving the user experience (UX).

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What Are The Current Leading Growth Drivers For 360 Degree Feedback Software Market?
The expansion of the 360-degree feedback software market is anticipated to be driven by the rising adoption of remote and mixed work models. These work arrangements provide flexibility for employees to work either entirely from remote locations or to divide their time between home and office. The surge in demand for such work models can be attributed to the increasing need for work-life balance, as employees strive for more flexibility in managing personal and professional duties effectively. This software helps facilitate such work arrangements by offering continuous, transparent, and multi-faceted performance feedback, thus promoting efficient employee development and engagement regardless of location. For example, data from the UK-based Office for National Statistics in February 2023 indicates that between September 2022 and January 2023, of the working adults who had been employed in the last week, 16% worked solely from home, while 28% divided their time between home and commuting. A total of 44% reported working from home in some form, fully or on a hybrid basis, while 56% worked uniquely from their workplaces during this time frame. Hence, the increasing embracement of remote and hybrid work models is fuelling the growth of the 360-degree feedback software market.

Which Companies Are Currently Leading In The 360 Degree Feedback Software Market?
Major players in the 360 Degree Feedback Software Global Market Report 2025 include:
• Zoho Corporation Pvt. Ltd.
• Rippling Inc.
• Deel Inc.
• BambooHR LLC
• Culture Amp Pty Ltd.
• BetterUp Inc.
• Workleap Inc.
• QuestionPro Inc.
• Explorance Inc.
• Keka Technologies Pvt. Ltd.

What Are The Main Trends, Positively Impacting The Growth Of 360 Degree Feedback Software Market?
Key players within the 360-degree feedback software market are prioritizing the development of distinct solutions like multi-source performance evaluations to offer broad insights on employee performance, bolster individual growth plans, and back data-centered talent administration decisions. By gathering performance feedback from a range of sources such as superiors, contemporaries, juniors, and sometimes clients, multi-source performance evaluations allow firms to obtain a comprehensive understanding of strengths and enhancement areas, propelling targeted evolution and advising talent management choices. For instance, ThriveSparrow, a software-as-a-service (SaaS) platform in the US, unveiled a powerful 360-degree performance assessment feature in their employee success platform in February 2024, empowering businesses to simplify feedback gathering, produce complex analytical reports, and encourage a framework of persistent performance progression. This initiative illustrates the escalating focus on the all-rounded, data-centered strategies to employee evolvement and talent administration in contemporary businesses.

How Is The 360 Degree Feedback Software Market Segmented?
The 360 degree feedback software market covered in this report is segmented
1) By Type: Web-Based, Installed
2) By Functionality: Performance Management, Employee Engagement, Talent Management, Training And Development, Feedback And Reviews
3) By Application: Corporate, Travel And Hospitality, Retail, Education, Healthcare, Other Applications
4) By End-User: Small And Medium-Sized Enterprises (SMEs), Large Enterprises, Government Organizations

Subsegments:
1) By Web-Based: Cloud-Based Deployment, Accessible From Anywhere, Scalable Solutions, Fast Service Availability, Enhanced Information technology (IT) Security
2) By Installed: Software Download Required, On-Premises Installation, Greater Flexibility, Full User Control, Plan Selection Required

View the full 360 degree feedback software market report:
https://www.thebusinessresearchcompany.com/report/360-degree-feedback-software-global-market-report

Which Is The Dominating Region For The 360 Degree Feedback Software Market?
In the 360 Degree Feedback Software Global Market Report 2025, North America reigned as the most significant region in 2024. It is anticipated that the Asia-Pacific will undergo the most rapid expansion during the forecast period. The report encompasses regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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