Employee Monitoring Solution Market Share, Industry Size, Leading Companies Outlook, Upcoming Challenges and Opportunities till 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 global employee monitoring solution market is heavily fragmented due to the presence of a significant number of companies operating in the market. Furthermore, the strong presence of regional market players with limited geographic focus and notable customer based within the local market has further boosted the overall competitiveness existing in the market. Presently, a significant number of market players operating in the global employee monitoring solution market that offers numerous subscription-based employee monitoring solutions to different industry verticals. However, the market does include a selected number of players with a considerable globally leading customer base and strong brand recognition at the global level. The Middle East & Africa employee monitoring solution market is expeted to witness an CAGR growth rate of 7.5% from 2019 to 2027.

The Key Players In The Global Employee Monitoring Solution Market Are:

•Awareness Technologies Inc.
•Birch Grove Software, Inc.
•EfficientLab, LLC
•FairTrak
•iMonitor Software, Inc.
•Netsoft Holdings, LLC (Hubstaff)
•Atom Security Inc. (StaffCop)
•SentryPC
•Teramind, Inc.
•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.

The global employee monitoring solution market is heavily fragmented due to the presence of a significant number of companies operating in the market. Furthermore, the strong presence of regional market players with limited geographic focus and notable customer based within the local market has further boosted the overall competitiveness existing in the market. Presently, a significant number of market players operating in the global employee monitoring solution market that offers numerous subscription-based employee monitoring solutions to different industry verticals. However, the market does include a selected number of players with a considerable globally leading customer base and strong brand recognition at the global level. The Middle East & Africa employee monitoring solution market is expeted to witness an CAGR growth rate of 7.5% from 2019 to 2027.

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The Segments and Sub-Section of Employee Monitoring Solution Market are shown below:

By Offering (Solution, and Service),

By Enterprise Size (Small & Medium Enterprise, and Large Enterprise),

By Industry Vertical (BFSI, Government, IT & Telecom, Manufacturing, Retail, and Others)

Employee Monitoring Solution Market - Offering Insights

The global employee monitoring solution market, by offering, has been segmented into solutions and services. The growing focus of the organizations toward driving efficiencies of workforce and increasing demand for better management of the same is a primary factor driving the growth of the employee monitoring solution market. Several enterprises around the globe have implemented employee monitoring solutions, while the remaining are planning to implement the same in the coming years.

Employee Monitoring Solution Market - Enterprise Size Insights

During recent years, organizations have shifted their focus toward increasing the efficiency and reducing the overall costs. The employee monitoring solution market, by enterprise size, has been segmented into SMEs and large enterprises. SMEs are primarily investing in employee monitoring solutions to track employees and maximize the ROI. However, for a large organization, it is difficult to manage a large number of employees; therefore, to gain better visibility into their organizations, they adopt employee monitoring solutions. Also, various enterprises are opting for employee monitoring solutions to ensure safety and avoid unauthorized access to information by employees.

The Insight Partners Employee Monitoring Solution Market Research Report Scenario includes:

•The report provides qualitative and quantitative trends of global Employee Monitoring Solution Market across type, type of products, service, and geography.
•The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Employee Monitoring Solution Market.
•Chapter Three provides the research methodology of the study.
•Chapter Four further provides PEST analysis for each region.
•Chapter Five highlights the key industry dynamics in the Employee Monitoring Solution Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
•Chapter Six discusses the global Employee Monitoring Solution Market scenario, in terms of historical market revenues, and forecast till the year 2027.
•Chapter Seven to ten discuss Employee Monitoring Solution Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
•Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
•Chapter Twelve provides the detailed profiles of the key companies operating in the global Employee Monitoring Solution Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
•Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

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