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), Employee Monitoring Solution Market is projected to register a CAGR of 17.60%. The market value is estimated to reach up to USD 6.9 Billion during the forecast period 2022-2030. Factors such as increasing investments by enterprises in deploying modern time tracking tools to increase employee productivity substantiate market growth.
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.
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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.
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Reasons for Buying This Report:
- It Provides A Forward-Looking Perspective on Different Factors Driving or Restraining Market Growth.
- It Provides Five-Year Forecast Assessed based on How the Market Is Predicted to Grow.
- It Helps in Understanding the Key Product Segments and Their Future.
- It Provides Pinpoint Analysis of Changing Competition Dynamics and Keeps You Ahead of Competitors.
- It Helps in Making Informed Business Decisions by Having Complete Insights of Market and By Making an In-Depth Analysis of Market Segments.
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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