Employee Monitoring Solution Market to Witness Growth Acceleration During 2020-2027

The global employee monitoring solution market was valued US$ 724.81 Mn in 2018 and is expected to reach US$ 1,322.42 Mn by 2027 with a CAGR growth rate of 7.1% in the forecast period from 2019 to 2027.

The employee monitoring solution provides a broad range of benefits for the organization management in determining employee productivity through resource monitoring, prevention of unethical as well as the exploitation of organization resources, identify and enhance transparency & governance within the enterprise practices to name a few advantages of employee monitoring based solutions. Thus, the solution has gained unprecedented popularity across several prominent enterprises in different industry verticals such as BFSI, IT & telecom, retail, manufacturing, and healthcare & pharmaceutical, among other industry verticals. According to a study conducted by the American Management Association founded that around 80% of the leading organization monitor their employees within the workplace compared to a mere 35% in 1997.

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The List of Companies

1. Awareness Technologies Inc.
2. Birch Grove Software, Inc.
3. EfficientLab, LLC
4. FairTrak
5. iMonitor Software, Inc.
6. Netsoft Holdings, LLC (Hubstaff)
7. Atom Security Inc. (StaffCop)
8. SentryPC
9. Teramind, Inc.
10. Veriato. Inc.

With the advancements in technologies such as the introduction of artificial intelligence and the future workspaces would have intelligent employee monitoring solutions that would be capable of performing more than just tracking. There is a shift of focus towards behavior analysis, and future employee monitoring solutions would be able to track behavioral changes in employees' behavior in multiple ways. This would help organizations to access behavioral anomalies in real-time and avoid the threat of insider attacks. In the coming years, the employee monitoring solutions are expected to monitor if an employee is unhappy, thus most likely to resign. This functionality is similar to Hitachi's Happiness Meter, which measures the happiness of employees. The companies are working rigorously on the development of advanced monitoring solutions. One of the companies with cutting edge monitoring solutions includes Humanyze, which employees and offers people analytics solutions to some of the fortune 500 companies. Thus in the forthcoming years, the end-users' expectation regarding the capabilities is expected to increase the integration of advanced technologies for better employee monitoring.

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Table of Content:

1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Employee Monitoring Solution Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East & Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
5. Employee Monitoring Solution Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Versatile benefits offered by employee monitoring solutions
5.1.2 Mitigation of inside threats and prevention of enterprise resource exploitation
5.2 Key Market Restraint
5.2.1 Threat from alternate solutions and growing privacy concerns
5.3 Key Market Opportunity
5.3.1 Growing adoption of employee monitoring solutions by SMEs
5.4 Future Trend
5.4.1 Intelligent monitoring solutions that would offer features such as behaviour analysis and advanced management
5.5 Impact Analysis of Drivers and Restraints

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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