Employee Monitoring Solution Research Report by Forecast to 2023
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 are small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is expected to dominate the market.
Several companies have started taking a keen interest in the basic construction of this employee monitoring solution market, which has developed constant upgradation and strategic implementation that would ensure individual’s market positioning. Such decisions are also meant to help holistic market growth. These companies are FairTrak (India), InterGuard (US), Birch Grove Software, Inc. (US), IMonitor Software (US), Netsoft Holdings, LLC (US), Splunk Inc. (US), Micro Focus (UK), Securonix (US), Rapid7 (US), Forcepoint (US), Imperva (US), ObserveIT (US), LogRhythm, Inc. (US), One Identity LLC. (US), and SolarWinds ULC (Canada). MRFR listed these companies in their list with their detailed profiles to have a complete grasp over the recent market trends.
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.
The global market for employee monitoring solution is estimated to grow at a CAGR of 22.6% during the forecast period from 2018 to 2023. The geographical analysis of the market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to be the dominating region in terms of adoption of employee monitoring solutions. The North American market has been segmented into the US, Canada, and Mexico. The growth of the market in North America can be attributed to the high adoption of advanced technologies in day to day business activities and across all industry verticals. The US is the leading country-level market while the Mexican market is projected to be the fastest-growing during the forecast period.