(MENAFN- Market Research Future) Market Overview:
The Employee Monitoring Solution Market is witnessing constant revenue growth. Market growth attributes to the increasing number of enterprises adopting these solutions. Besides, the rising adoption of employee monitoring solutions across the BFSI, IT & telecom, and retail industries drive the growth of the market. Moreover, the rising demand for advanced solutions for enhanced control over employees escalates market growth.
According to Market Research Future (MRFR), the global employee monitoring solution market is expected to create a valuation of USD 3.84 BN by 2023, growing at 22.6% CAGR throughout the forecast period (2018–2023). Factors such as increasing investments by enterprises in deploying modern time tracking tools to increase employee productivity substantiate market growth.
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Comparative Analysis:
Players active in the employee monitoring solution market are Birch Grove Software, Inc. (US), InterGuard (US), FairTrak (India), IMonitor Software (US), Netsoft Holdings, LLC (US), Micro Focus (UK), Rapid7 (US), Splunk Inc. (US), Forcepoint (US), ObserveIT (US), Securonix (US), Imperva (US), LogRhythm, Inc. (US), One Identity LLC. (US), and SolarWinds ULC (Canada), among others.
Segmentation Overview:
The market is segmented into seven dynamics.
By Component: Solutions and Services.
By Type : Standalone (productivity suite, project supervision and management, and surveillance suite) and Integrated.
By Deployment Mode: On-Premises and On-Cloud.
By Application: System Monitoring, Application Monitoring, File Monitoring, Network Monitoring, Database Monitoring, and others.
By Vertical : Banking, Financial Services & Insurance (BFSI), Retail, Government & Defense, Healthcare & Life Sciences, Energy & Utilities, Manufacturing, Telecommunication & IT, and others.
By Organization Size: Small and Medium-sized Enterprises (SMEs) and Large Enterprises.
By Regions : Europe, North America, APAC, and Rest-of-the-World.
Regional Analysis:
North America dominates the global employee monitoring solution market. The largest market share attributes to the widespread adoption of employee monitoring solutions in rising numbers of enterprises. Besides, the rapid adoption of EMS across many technologically advanced industries, such as retail, BFSI, and IT & telecommunication, drives the employee monitoring solution market share in North America.
Moreover, the rising demand for advanced solutions for better management of resources substantiates the employee monitoring solution industry in the region. The increasing workforce in organizations and the early adoption of advanced technologies and innovations in HRM solutions High R&D investments in developing advanced solutions and high economic growth increase the market size.
Industry News:
The ENX Networks, a joint solution for the secure exchange of critical development, purchasing, and production control data from the European automotive industry, announced the deployment of Netsurit Productivity Monitor to manage employee work-life balance.
Maintaining employee output and efficiency had become challenging under work from home (WFH) circumstances due to the COVID-19 pandemic. In this scenario, NPM tools prove to be more effective, offering solutions to monitor employees. ENX association comprises European vehicle manufacturers, suppliers, and organizations.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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