Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on employee monitoring solution market provides
in-depth analysis of segments and sub-segments in the global as well as
regional employee monitoring solution market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
employee monitoring solution market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast and dollar
values of the global employee monitoring solution market. According to the report,
the global employee monitoring solution market is projected to grow at a CAGR
of 18% over the forecast period of 2021-2027.
The employee monitoring solution
market was valued at around USD 1050 million in 2021 and is expected to reach
nearly 2200 million in 2027, growing with a CAGR of 18% during the forecast
period. Employee monitoring solutions are the collection of numerous software
and surveillance methods for the continuous monitoring of employees associating
with their activities and locations to focus on improving productivity.
Furthermore, these solutions are also used for the protection of company
information and resources. The foremost focus in utilizing these solutions is
to eliminate the chances of an unprofessional environment in the workplace and
decrease the chances of unacceptable behavior. Moreover, these modern tools let
businesses improve employee performance and decrease process efficiencies. The
major factor boosting market growth is the necessity of better management of
the workforce in an organization.
The main factor contributing to
the employee monitoring solution market growth is the increasing need for
better management of the workforce. Severe regulatory compliances regarding
access and security are also helping market growth. Furthermore, the growing
need among organizations to optimize employee productivity is also anticipated
to drive the market in the near future. On the other hand, concerns regarding
employee privacy are projected to restrain the market growth during the
projection period. However, the incorporation of employee monitoring solutions
with identity and access management (IAM) and security incident and event
management (SIEM) and growing adoption of employee monitoring solutions across
verticals provide lucrative opportunities to the key providers of employee
monitoring solutions in the worldwide market.
Among the geographies, the North
American region is expected to hold the largest share in the global employee
monitoring solutions market. The dominance of this region can be accredited to
the presence of a large number of technologically advanced industries such as
retail, BFSI, and IT and telecommunication in North America which are quickly
adopting employee monitoring solutions for improved management of resources.
However, Asia Pacific is projected to be the fastest-growing market in the
global employee monitoring solution market over the projection period. A
rapidly growing number of enterprises adopting these solutions across the BFSI,
IT and telecom, and retail industries and the increasing demand for advanced
solutions for enhanced control over employees in the region are the key driving
factors for the growth of the employee monitoring solution market in the
region.
The report on global employee
monitoring solution market covers segments such as component, solution,
enterprise size, application, and end-use industry. On the basis of component,
the sub-markets include software, and professional service. On the basis of
solution, the sub-markets include standalone, and integrated. On the basis of
enterprise size, the sub-markets include large enterprise, and SMEs. On the
basis of application, the sub-markets include file monitoring, system
monitoring, and network monitoring. On the basis of end-use industry, the
sub-markets include BFSI, government & defense, hospitality, healthcare
& life sciences, manufacturing, retail, IT & telecom, and others.
The report provides profiles of
the companies in the market such as Atom Security, Inc., InterGuard, ActivTrak,
Teramind Inc., CleverControl Inc., iMonitor Software, Nandini Infosys Pvt Ltd,
SearchInform LTD, NetVizor, and Saba Software.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of employee monitoring solution market. Moreover, the study highlights
current market trends and provides forecast from 2021-2027. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.