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Employee Monitoring Solutions Market Worth 13,335.0 Mn by 2026 - TMR
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Increase in Adoption of Cloud-based Services
The key driver for the global employee (automated) monitoring solutions market is increase in the adoption of cloud services such as Software as a Service (SaaS). Demand for cloud-based monitoring systems is increasing globally. Cloud-based employee (automated) monitoring software and solution services provide better access to companies to monitor employees. Moreover, cloud-based services allow businesses to outsource employee monitoring solutions that track their employees while working. The solutions help increase employee productivity. They can be accessed through mobile devices or personal computers. Cloud-based employee monitoring solutions are automated and improve accuracy and efficiency. This results in accurate employee monitoring. The SaaS-based model allows distribution/sharing of high costs for hardware, software, and data center operations among customers. It allows customers to avail top-of-the-line infrastructure at a fraction of the initial cost. The Software as a Service model reduces the need to physically upgrade the system as it is taken care of by vendors themselves. Also, SaaS technology helps consolidate various employee (automated) monitoring solutions under one single package. This driver is anticipated to have a high impact on the market’s growth throughout the forecast period. The impact is further supported by the growing count of new enterprises, largely small- and medium-sized businesses.
The global employee (automated) monitoring solutions market has been segmented based on component, solution, enterprise size, industry, and geography. Based on component, the market is segmented into software and professional service.
North America led the global employee (automated) monitoring solutions market, accounting for substantial share in 2017. The U.S is the major market for employee (automated) monitoring solutions in the region.The market in Europe, Asia Pacific, Middle East & Africa, and South America is expected to expand at a rapid pace during the forecast period.
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Global Employee (Automated) Monitoring Solutions Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global employee (automated) monitoring solutions market. Key players profiled in the report include Awareness Technologies, Inc., Birch Grove Software, Inc., StaffCop, Teramind, iMonitorSoft, Nandini Infosys Pvt. Ltd, NetVizor, Saba Software, WorkTime, Time Doctor, Toggl, Work Examiner, Veriato, Inc., SentryPC, Fair Trak, OSMonitor, Mobistealth.com, and Hubstaff.
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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