Employee Monitoring Solution Market to Reach US$ 1,322.42 Mn at a CAGR of 7.1% in 2027

Employee Monitoring Solution Market to 2027 - Global Analysis and Forecasts by Offering (Solution, and Service), Enterprise Size (Small & Medium Enterprise, and Large Enterprise), Industry Vertical (BFSI, Government, IT & Telecom, Manufacturing, Retail, and Others)

  • Report Code : TIPRE00005032
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 158
Buy Now

Employee Monitoring Solution Market to Reach US$ 1,322.42 Mn at a CAGR of 7.1% in 2027 | The Insight Partners

Buy Now

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 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.


Employee Monitoring Solution Market Insights

Versatile benefits offered by employee monitoring solution

Employee monitoring solutions empower enterprises to track employees and gather other information to drive productivity and ensure security. The employee monitoring solutions provide various features such as activity analysis, smart rules and alerts, live views, monitoring keystroke logging, and file transfer tracking, among others. In the current market scenario, customers are becoming price-sensitive and are the focus on the timely delivery of products and services. Thus, to improve productivity and gain better visibility of the organization, companies are adopting employee monitoring solutions. Also, effective employee monitoring provides the employee the access to a more flexible working environment. Also, the employee monitoring solutions enables the managers to give the employees with effective feedback, as the manager can provide real tangible examples and area of improvement. Thus, driving the growth of the employee monitoring solution market during the coming years.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Employee Monitoring Solution Market: Strategic Insights

Employee Monitoring Solution Market

  • CAGR (2018 - 2027)
    7.1%
  • Market Size 2018
    US$ 724.81 Million
  • Market Size 2027
    US$ 1,322.42 Million

Market Dynamics

GROWTH DRIVERS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
FUTURE TRENDS
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX
OPPORTUNITIES
  • XXXXXXX
  • XXXXXXX
  • XXXXXXX

Key Players

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

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Offering
  • Solution
  • Service
Enterprise Size
  • Small & Medium Enterprise
  • Large Enterprise
Industry Vertical
  • BFSI
  • Government
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Mitigation of inside threats and prevention of enterprise resource exploitation 

Employee monitoring solutions are also used as a surveillance tool by organizations to track- employee email, phone activity, browsing history, and time spent on social media, overall internet activity, and remote device access. Companies related to BFSI, IT, and telecom, the Government sector are more exposed to the risk of insider attacks as they handle sensitive data such as trade secrets, IP, customer and employee data, and more. The financial services industry has the highest exposure to a cyber-breach and insider misuse, followed by the consumer, retail and wholesale, consumer, retail and wholesale, and power and utilities. Thus organizations adopt employee monitoring solutions to gain early signs of insider threats and avoid the data leaks. Thus, developing technologies offer promise in recovering waste heat more efficiently rather than traditional.

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.

Employee Monitoring Solution Market – Indusry Vertical Insights

The global employee monitoring solution market based on vertical has been segmented into BFSI (i.e., banking, financial services, and insurance), government, retail, manufacturing, IT, and others. The competition across industries is increasing, and the client’s requirements are becoming complex. Also, to gain a strong market position, various companies are focusing on reducing the cost of solutions. Thus, to drive efficiency and reduce overall cost, the companies are adopting employee monitoring solutions. Moreover, companies related to BFSI and government sectors handle a large amount of privileged data, which exposes these enterprises to the risk of insider attacks. Concerns to protect customer information has compelled the European Union to develop new laws, which need companies to execute more enhanced security to maintain the privacy of consumer information.

Some of the market initiatives were observed to be most adopted strategy in the global employee monitoring solution market. Few of the recent market initiatives adopted by the market players operating in the employee monitoring solution market are listed below:

2019:EfficientLab LLC. (Work Examiner) Company announced its new solution version 3.9 (build 449), a cloud-based and on-premise solutions for all of their products such as controlio, standard, and professional editions. The version of Work examiner standard and professional editions are limited to 5 clients and 30 days.
2019:StaffCop released a new version of its software, StaffCop Enterprise 4.5.  The new version has added features such as organize access to files for several users, along with blocking websites, USB drives, and applications.
2019:StaffCop teamed-up with a Ghana-based IT solution provider, NETWATCH Technologies. The strategic partnership is aimed at offering information security services to customers’ in Ghana.

Employee Monitoring Solution Market Report Scope

Report Attribute Details
Market size in 2018 US$ 724.81 Million
Market Size by 2027 US$ 1,322.42 Million
Global CAGR (2018 - 2027) 7.1%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Offering
  • Solution
  • Service
By Enterprise Size
  • Small & Medium Enterprise
  • Large Enterprise
By Industry Vertical
  • BFSI
  • Government
  • IT & Telecom
  • Manufacturing
  • Retail
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Awareness Technologies Inc.
  • Birch Grove Software, Inc.
  • EfficientLab, LLC
  • FairTrak
  • iMonitor Software, Inc.
  • Netsoft Holdings, LLC (Hubstaff)
  • Atom Security Inc. (StaffCop)
  • SentryPC
  • Teramind, Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

     

    GLOBAL EMPLOYEE MONITORING SOLUTION MARKET SEGMENTATION

    Global Employee Monitoring Solution Market – By Offering

    • Solution
    • Service

    Global Employee Monitoring Solution Market – By Enterprise Size

    • Small & Medium Enterprise
    • Large Enterprise 

    Global Employee Monitoring Solution Market – By Industry Vertical

    • BFSI
    • Government
    • IT & Telecom
    • Manufacturing
    • Retail
    • Others

    Global Employee Monitoring Solution Market – By Geography

    • North America

      • U.S.
      • Canada
      • Mexico
    • Europe

      • France
      • Germany
      • Italy
      • UK
      • Rest of Europe
    • Asia-Pacific (APAC)

      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Rest of Asia-Pacific
    • Middle East & Africa (MEA)

      • Saudi Arabia
      • UAE
      • South Africa
      • Rest of Middle East & Africa
    • South America

      • Brazil
      • Argentina
      • Rest of South America

    Global Employee Monitoring Solution Market - Company Profiles

    • 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.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Offering , Enterprise Size , Industry Vertical

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

    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.

    Trends and growth analysis reports related to Technology, Media and Telecommunications : READ MORE..