North America Employee Monitoring Solution Market Dynamics and Trends by 2027

North America employee monitoring solution market is expected to grow from US$ 150.13 Mn in 2018 to US$ 242.0 Mn by the year 2027. This represents a CAGR of 5.6% from the year 2018 to 2027.

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.

Social media is used in businesses for communication and marketing purposes. However, open access can harm the productivity of the organization. Also, the employees can accidentally share sensitive information on these platforms. Hackers and scammers also use social media platforms for phishing and other exploitation attacks. Thus, to avoid insider attacks and prevent enterprise resource allocation, organizations are adopting employee monitoring solutions that are driving the growth of the employee monitoring solution market.

Currently, the US is dominating the employee monitoring solution market in terms of adoption, which in turn boost the demand for employee monitoring solution market. The US is a technologically developed country; hence, the adoption of advanced technology is high across various sectors of the country. The country has the presence of diverse industries and is one of the world’s leading high-technology innovators, which further drives the adoption of employee monitoring solutions in the country. Being a technologically advanced country, the US attracts a large number of companies from different sectors to set up their headquarters in the country. The presence of a large number of well-established market players related to various industries is also a significant factor that is driving the growth of employee monitoring solutions in the country. The figure given below highlights the revenue share of Mexico in the North America employee monitoring solution market in the forecast period:

Mexico in North America Employee Monitoring Solution Market Revenue and Forecasts to 2027 (US$ Mn)

NORTH AMERICA EMPLOYEE MONITORING SOLUTION MARKET - SEGMENTATION

North America Employee Monitoring Solution Market by Offering

• Solution
• Service

North America Employee monitoring solution Market by Enterprise Size

• SMEs
• Large Enterprise

North America Employee monitoring solution Market by Industry Vertical

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

North America Employee monitoring solution Market by Country

• US
• Canada
• Mexico

North America Employee monitoring solution Companies Mentioned

• Awareness Technologies Inc.
• Birch Grove Software, Inc.,
• EfficientLab, LLC
• Ekran Systems, Inc.
• iMonitor Software
• Netsoft Holdings, LLC
• SentryPC
• StaffCop
• Teramind, Inc.
• Veriato

North America Employee Monitoring Solution Report Scope