Employee Monitoring Solution Market Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2027
Employee Monitoring Solution Market Synopsis:
The global employee monitoring solution market has been segmented based on component, deployment, organization size, type, application, and vertical.
By component, the global employee monitoring solution market has been divided into solution and service. The solutions segment is expected to account for the larger market share during the forecast period.
Based on deployment mode, the global employee monitoring solution market has been classified as on-premise and cloud. The cloud deployment mode segment is expected to be the larger market, register the higher growth rate during the review period.
The organization size segments of the global Employee Monitoring Solution Market size are small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is expected to dominate the market.
On the basis of vertical, the global employee monitoring solution market has been divided into banking, financial services and insurance (BFSI), retail, government and defense, healthcare and life sciences, energy and utilities, manufacturing, telecommunication and IT and others. The telecommunication and IT segment is expected to be the largest, while the BFSI segment is projected to register the highest CAGR during the forecast period.
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Employee Monitoring Solution Market Competitive Analysis:
Highly competitive, the employee monitoring solution market appears fragmented due to the presence of several notable players. To gain a larger competitive share, industry players initiate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. Market players make substantial investments to drive R & D activities and to expand the global footprints.
Major Key Players:
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.
MRFR’s take on the global Employee Monitoring Solution Market yields a proper segmentation that has its focus locked on minute changes. Such an analysis is backed by volume-wise and value-wise figures. These segments are component, deployment, organization size, type, application, and vertical.
- Based on the component, the global employee monitoring solution market includes solution and service.
- Based on the deployment mode, the global employee monitoring solution market comprises as on-premise and cloud. The cloud segment is fast gaining momentum as this is quite easy to access and cost-effective.
- Based on the organization size, the global employee monitoring solution market consists small and medium- sized enterprises (SMEs) and large enterprises. The large enterprises are implementing this system to better their productive hours and increase profit margin. SMEs have started realizing the potential and in the near future, the system is expected to gain prominence in the segment.
- Based on the type, the global employee monitoring solution market includes standalone and integrated. The standalone segment covers productivity suite, project supervision & management, and surveillance suite.
- Based on the application, the global employee monitoring solution market encompasses system monitoring, network monitoring, application monitoring, file monitoring, and database monitoring.
- Based on the vertical, the global employee monitoring solution market includes energy & utilities, banking, financial services & insurance (BFSI), telecommunication & IT, healthcare & life sciences, manufacturing, retail, government & defense, and others. The telecommunication & IT segment is having a great run in the market.
- 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.
- Europe stands second in the global employee monitoring solution market. The market growth is driven by the increasing demand for employee monitoring solutions to optimize employee productivity. Additionally, the rising uptake of employee monitoring solutions and increasing business in the region create substantial market demand. The UK and Germany are emerging markets in the region, providing impetus to the regional market. The European employee monitoring solution market is expected to grow at a significant CAGR during the forecast period.
- The Asia Pacific region also holds a sizable share in the global employee monitoring solution market. Factors such as rapidly growing corporate companies in the region and the rising adoption of cloud-based services boost the growth of the regional market. Moreover, growing government initiatives to foster digitalization positively impact the employee monitoring solution market size. Simultaneously, the increasing awareness about the benefits offered by employee monitoring solutions propels the regional market growth.
Table of Contents
- 1 Executive Summary
- 1 Market Attractiveness Analysis
- 1.1 Global Employee Monitoring Solution Market, By Component
- 1.2 Global Employee Monitoring Solution Market, By Deployment
- 1.3 Global Employee Monitoring Solution Market, By Organization Size
- 1.4 Global Employee Monitoring Solution Market, By Type
- 1.3 Global Employee Monitoring Solution Market, By Application
- 1.4 Global Employee Monitoring Solution Market, By Vertical
- 1.5 Employee Monitoring Solution Market, By Region
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