Press release
Employee Monitoring Solutions Market Size and Forecast 2025 - Current Trends, Opportunities, Challenges
This exclusive report will provide you with the market size and forecast (US$ Mn) for the global market and its segments for the period from 2015 to 2025 along with the growth rate (CAGR) from 2017 to 2025, considering 2016 as base year. In addition, drivers, restraints and opportunities, competitive landscape have also been covered under the current proposed table of contents, which will in due course help you to take strategic decisions with respect to the market.
The digital era has transformed the average workplace. Organizations are growing at an exponential rate, making work more dynamic and digitalized which is increasing management challenges for organizations around the world. Virtualization has changed the work environment. Companies are focusing on monitoring activities on servers especially to monitor employee activities. There are various hardware and software solutions available in the market to monitor a vast array of activities. These solutions can keep track of outgoing and incoming chats and e-mails, application and website usage, comprehensive file usage, interaction of windows with internet packet data, desktop screenshots, software installations, keystrokes typed and others. Employee monitoring software (EMS) provides the activities recorded in a readable graphical format. Managers can send specific signals to inform management when an employee performs an action which is not meeting productivity goals. Employee monitoring solutions helps in achieving maximum productivity at minimum cost while maintaining a high level of information security. It gives employers a chance to find talented and hard-working individuals from all over the world and use their potential. Monitoring solutions dramatically decrease non-work related computer usage, cutting productivity drain.There are different kinds of employee monitoring software solutions in the market. Some keep track of the internet used by employees. Some of the solutions provide tools that denies access to websites that the employees are not supposed to visit. EMS helps organizations in future strategies and interventions. Employee monitoring solutions can be used in silent mode permitting the employers to monitor employees undetected or in transparent mode.
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EMS helps in reducing and preventive counter-productive behavior which is contributing significantly to the growth of the market. It helps in increasing security and guaranteeing compliance with corporate policies. Companies tend to deploy employee monitoring solutions to optimize use of resources by preventing the high and unnecessary cost of creating shelfware and thus ensure capacity planning. Thus, all these factors are expected to drive the market growth during the forecast period.
Lack of awareness regarding the functioning of employee monitoring solutions is a major challenge in the growth of the EMS market. There are certain legal and ethical issues concerning privacy and security of employee. Governments of different nations have different regulations related to the right to privacy of employees. Thus, all such factors are anticipated to restrain the market growth during the forecast period.
The employee monitoring solutions market can be segmented on the basis of component, type, enterprise size, and geography. While considering component, the market is segmented into hardware and software. The market on the basis of enterprise size can be segmented into large size enterprise, and small and medium size enterprise. The market on the basis of type is segmented into on-premise employee monitoring software and cloud-based employee monitoring software. Cloud based monitoring solutions are expected to grow significantly owing to the rising adoption of cloud. Geographical segmentation of the employee monitoring solutions market includes North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.
EMS helps companies in maintaining a safe and efficient workplace by keeping track of employee activities, which could be harmful to others or create liability for the company.There are certain employee monitoring applications that offers secure file access and sharing, track productivity, and monitor employee activities in real time. Key players operating in the employee monitoring solutions market includes Monitis, Teramind, Veriato 360, SentryPC, NetVizor, InterGuard, Quest Foglight, Work Examiner, OsMonitor, iMonitor EAM, Pearl Echo Suite, WorkTime, Symantec, Trend Micro, StaffCop, BetterWorks, SpectorSoft, and StackDriver. Major players are adopting different strategies such as mergers & acquisitions, investment in R&D, developing advanced and innovative technologies, etc. in order to gain competitive advantage in the market.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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