Global Employee Monitoring Solutions Market, By Component (Software and Professional Service), Solution (Standalone and Integrated), Enterprise Size (Small and Medium Enterprises, Large Enterprises), Application (System Monitoring, File Monitoring and Network Monitoring), Industry (BFSI, Education, Government and Defense, Hospitality, Healthcare and Life Sciences, Legal, Manufacturing, Retail, Telecom and IT, Energy and Utilities and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the employee monitoring solutions market would exhibit a CAGR of 9.06% for the forecast period. Rising demand for cloud based employee monitoring solutions by small and medium scale enterprises and increasing adoption of employee monitoring solutions by the various verticals for improvement of office productivity are the major factors attributable to the growth of employee monitoring solutions market. This signifies that, the global employee monitoring solutions market would stand tall by USD 1,483.21 million by the year 2028.
From the name itself, it is clear that employee monitoring solutions are the technological solutions that are used to review and grade the performance of employees in a given enterprise. The employee monitoring solutions are a combination of software and surveillance systems that continuously monitor the professional behaviour of employees at a workplace.
Increased demand for employee monitoring solutions by a wide range of industry verticals coupled with rising adoption rate by the small and medium sized enterprises has resulted in growth in the employee monitoring solutions market value. Integration of employee monitoring solutions with other software such as identity and security management software will also create lucrative growth opportunities for the employee monitoring solutions market. Ever-rising business competitiveness will also foster the employee monitoring solutions market growth rate.
However, lack of awareness about employee monitoring solutions in the developing and under developed economies will pose a major challenge to the growth of the employee monitoring solutions market. Security and privacy concerns and increasing incidences of hacking will further derail the employee monitoring solutions market growth rate. Stringent regulations imposed by the government of some countries in regards to right to privacy of employees will also dampen the employee monitoring solutions market growth rate.
This employee monitoring solutions market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on employee monitoring solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Employee Monitoring Solutions Market Scope and Market Size
The employee monitoring solutions market is segmented on the basis of component, solution, enterprise size, application and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, the employee monitoring solutions market has been segmented into software and professional service. Software segment is further sub-segmented into cloud and on-premise.
- On the basis of solution, the employee monitoring solutions market has been segmented into standalone and integrated. Standalone segment has been sub-segmented into productivity suite, product supervision and management and surveillance suite. Productivity suite segment is further bifurcated into attendance tracking, employee tracking and activity tracking.
- On the basis of enterprise size, the employee monitoring solutions market has been segmented into small and medium enterprises and large enterprises.
- On the basis of application, the employee monitoring solutions market has been segmented into system monitoring, file monitoring and network monitoring.
- On the basis of industry, the employee monitoring solutions market has been segmented into BFSI, education, government and defense, hospitality, healthcare and life sciences, legal, manufacturing, retail, telecom and IT, energy and utilities and others.
Global Employee Monitoring Solutions Market Country Level Analysis
Global employee monitoring solutions market is analysed and market size insights and trends are provided by country, component, solution, enterprise size, application and industry as referenced above.
The countries covered in the employee monitoring solutions market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the employee monitoring solutions market and will continue to flourish its trend of dominance during the forecast period. This is because of the increased adoption of employee monitoring solutions by small and medium scale enterprises coupled with the presence of major market players in the region. Asia-Pacific on the other hand will project the highest CAGR for the forecast period owing to the booming IT sector.
The country section of the employee monitoring solutions market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Employee Monitoring Solutions Market Share Analysis
The employee monitoring solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to employee monitoring solutions market.
The major players covered in the employee monitoring solutions market report are InterGuard, CleverControl, ActivTrak, Atom Security, Inc., Teramind Inc., EfficientLab, iMonitor Software, Nandini Infosys Pvt Ltd, SearchInform LTD, NetVizor, Saba Software, NesterSoft Inc., Time Doctor, Toggl, EfficientLab LLC, Veriato Inc., Micro Focus, SentryPC, FairTrak, QuantumLink Communications Pvt Ltd. and Mobistealth among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Employee Monitoring Solutions Market
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