Employee Monitoring Solution Market Research Report: Type (Standalone, Integrated), By Component (Software, Service) Application (System Monitoring, File Monitoring, Network Monitoring), Vertical (Retail, Healthcare, Energy) —Forecast 2027

ID: VPR/ICT/1077 Publishing Year: January 2022 Pages: 118 Format:   


Employee Monitoring Solution Market Overview:

Increasingly, businesses are implementing Employee Monitoring Software Solutions in order to increase productivity and improve transparency throughout their organisations. Apart from that, effective Employee Monitoring allows employees to work in a more flexible environment while also allowing Employers to provide feedback to their employees.

Employee Monitoring Software has recently demonstrated greater potential for extensive personnel analytics and employee productivity training opportunities, as evidenced by increased interest in the software. Businesses can use these modern tools to improve Employee Performance while also reducing process inefficiencies. Another important factor driving market growth is the need for better management of an organization's human resource resources (HRR). Furthermore, organisations are on the lookout for cost-effective solutions to increase employee productivity, which is expected to create lucrative growth opportunities for the market.

In addition, the integration of Employee Monitoring Solutions with other enterprise applications such as identity and access management and security management creates advantageous growth opportunities for the Employee Monitoring Software Market. When it comes to cyber-trespass and insider misuse, the financial services industry has the highest level of public disclosure. Consequently, organisations adopt employee monitoring solutions in order to detect insider threats before they become a problem and to prevent data leakage.

Key Players:

The Key Players in the Global Employee Monitoring Solution Market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include InterGuard (US), Birch Grove Software, Inc. (US), FairTrak (India), Netsoft Holdings, LLC (US), IMonitor Software (US), Micro Focus (UK), Splunk Inc. (US), Rapid7 (US), Forcepoint (US), Securonix (US), ObserveIT (US), Imperva (US), One Identity LLC. (US), LogRhythm, Inc. (US), and SolarWinds ULC (Canada). The key strategies adopted by most of the players are partnerships, agreements, collaborations, and solution launches.

Market Growth:

In addition to the growing demand for better management of the workforce, one of the most important factors contributing to market growth is technological advancement. Stringent regulatory compliances in the areas of access and security are also helping to propel the market's expansion. Additionally, the growing demand among organisations to maximise employee productivity is expected to fuel the market's growth. Concerns about employee privacy, on the other hand, are expected to limit market growth during the forecast period. Increasing adoption of Employee Monitoring Solutions across verticals, as well as integration of Employee Monitoring Solutions with identity and access management (IAM) and security incident and event management (SIEM), presents lucrative opportunities for the leading providers of Employee Monitoring Solutions in the Global Market.

Market Segmentation:

The Employee Monitoring Solutions Market is segmented based on the components used, the solutions provided, the size of the enterprise, the application used, and the industry in which the solutions are used. The growth amongst these segments will assist you in identifying meagre growth segments in the industries, as well as provide users with a valuable market overview and market insights to assist them in making strategic decisions for the identification of core market applications in the industries.

The Employee Monitoring Solutions Market has been segmented into two categories based on the components used: software and professional services. The software segment is further subdivided into two categories: cloud and on-premise.

The Employee Monitoring Solutions Market has been segmented into two categories based on the solution offered: standalone and integrated. A productivity suite, product supervision and management, and a surveillance suite have been subdivided into the standalone segment of the market. In addition, the productivity suite segment is divided into three categories: attendance tracking, employee tracking, and activity monitoring.

Regional Analysis:

In terms of region, the Asia-Pacific region accounted for the largest market share in the Global Employee Monitoring Solution Market, owing to the significant presence of information and communications technology (ICT) industries and various IT-based business operation outsourcing in the region. Furthermore, it is anticipated that the fast-growing economies, as well as the flourishing SMEs across Southeast Asian and Chinese regions, will continue to drive the Market Growth of Employee Monitoring-Based Solutions and Services across the asian region. As a result, the asia-pacific region accounted for the largest market share in the Global Employee Monitoring Solution Market in 2016, and it is expected to maintain its dominant position in the market in the coming years. Employee Monitoring Solutions are expected to grow at a rapid pace in developed economies across North America and Europe in the coming years, with factors such as identification of employee accountability and productivity, compliance, insider threat detection, and mitigation among the most important factors driving the market.

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