MARKET DEFINITION 

Employers are increasingly using digital technologies to monitor employee performance, work in progress, and completed tasks. Businesses employ a variety of monitoring techniques to assess behavior, monitor attendance, measure production, and verify employee hours worked. Employee monitoring encompasses a broad range of activities, from the collection of work documentation to blatant surveillance. It is becoming more common to monitor the whereabouts of mobile workers. Managers can find out where their employees are at any given moment by using the GPS capabilities of a corporate vehicle, a work phone, or a personal gadget. They can also look back at previous information, such as the routes traveled between customer sites.

MARKET DYNAMICS

Organizations' internal fraud, internal data theft, and losses from personnel fraud are all on the rise. By continuously monitoring employees' work actions, employee monitoring software aids firms in reducing employee fraud. Thus, substantial market growth is projected to be driven by increased worries about losses resulting from rising internal fraud. In addition, tight regulatory compliances at company workplaces would promote market expansion. The popularity of employee surveillance systems is also anticipated to increase with their integration with access control or security software such as event management, identification, and access management systems. Surveillance has the chance to lower employee morale and trust in the employer rather than increase productivity. Employee activity analysis takes time. Surveillance has the potential to undermine employee morale and trust in the employer rather than increase productivity. Employee activity analysis takes time and requires careful consideration. In Making meaningful decisions analysis of this data can be helpful, but condensing it takes time. It's a balance that needs some effort. Software for monitoring employees in the future will keep an eye out for any behavioral changes that could pose a risk to the company. It will assist corporate leaders with real-time behavioral analysis and anomaly detection. This development might be a good way to stop internal threats from employees. This will generate lucrative opportunities in the future. 

REPORT SCOPE

The report titled “Global Employee Monitoring Solutions Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global Employee Monitoring Solutions market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. The RI report is an in-depth study of the global Employee Monitoring Solutions market with a strong focus on key market trends, vital player strategies, and market forecasts. The study also covers key market dynamics, including drivers, restraints, opportunities, challenges, and existing and upcoming pathways that help CXOs make critical business decisions effectively. The global Employee Monitoring Solutions Market is predicted to grow at a significant CAGR over the forecast period from 2022 to 2028.

GEOGRAPHICAL OVERVIEW 

The research report includes a detailed overview of the industry comprising quantitative and qualitative information. It gives a broad overview of the worldwide market forecasts for major segments. It also includes market size and forecast projections for five key regions: North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa (MEA), for the years 2017 to 2028. The market is further divided by categories and countries within each province. The research scrutinizes and forecasts over 20 nations worldwide, as well as the present trend and possibilities in these regions.

MARKET SEGMENTATION

The Global Employee Monitoring Solutions Market is segmented based on offering, deployment mode, organization size, application, industry and region. Based on offering, the market has been segmented into Software and Services. Software is further bifurcated into Standalone and Integrated. Based on deployment, the market comprises On-Premises and Cloud. Based on organization size, the market has been segmented into Large Enterprises and SMEs. Based on Application segmentation includes System Monitoring, Server & Network Monitoring, Employee Productivity Analysis, and Others. Based on Industry, BFSI, Education, Government, Hospitality, Legal, Manufacturing, Telecom and IT, and Others

COMPETITION LANDSCAPE

The RI research report discusses noteworthy developments in the industry as well as organic and inorganic growth strategies being adopted by the Employee Monitoring Solutions market players. The report covers industry activities, including new product launches, mergers & acquisitions, business partnerships, and various expansion initiatives being undertaken by the active players in the market. These developments pave the path for various market participants to strengthen their positioning as well as expand their consumer base. The positive market outlook for the global Employee Monitoring Solutions market is anticipated to present lucrative growth opportunities to the market players. The report also offers detailed profiles of major players in the global Employee Monitoring Solutions market, emphasizing the strategic initiatives, financial information, SWOT analysis, and key development in the Employee Monitoring Solutions industry in the past three years.

Key players in the Global Employee Monitoring Solutions Market have adopted various organic as well as inorganic growth strategies to strengthen their market positioning. Prominent players in the market include:

·         Teramind Inc.

·         Veriato Inc.

·         Insightful

·         Awareness Technologies

·         ActivTrak

·         Parasol Software

·         Clockly

·         NesterSoft Inc

·         Time Doctor, LLC

·         DeskTime

·         Monitask

·         NesterSoft Inc.

COVID-19 IMPACT ANALYSIS ON GLOBAL EMPLOYEE MONITORING SOLUTIONS MARKET 

The COVID-19 pandemic is still a very personal, individual experience that is also a once-in-a-lifetime worldwide phenomenon with far-reaching consequences. The epidemic has wreaked havoc on people's lives in all nations and communities and also had a negative impact on global economic development in 2020, unlike anything seen in almost a century. The pandemic severely impacted key economies such as India, Brazil, the U.S., France, Russia, the UK, Italy, Turkey, and Argentina. According to estimates, the virus slowed global economic growth by -3.4 percent to -7.6 percent in 2020, with a rebound of 4.2 percent to 5.6 percent expected in 2021. In 2020, global commerce was expected to decline by 5.3 percent, but it is expected to rise by 8.0 percent in 2021.

In contrast to the global economic downturn in the first half of 2020, the economy began to showcase symptoms of a two-track recovery post the second quarter of 2020, with a fledgling rebound in developed nations, however, slower growth in emerging economies. The outbreak of the Covid-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. The research goes on to evaluate the current and future implications of the COVID-19 pandemic both on the target as well as the broader market, thereby, providing accurate and trustworthy forecasts.

RESEARCH PROGRAM DESIGN

KEY QUESTIONS ANSWERED 

1.    What is the current size of the global Employee Monitoring Solutions market?

2.    What will be the growth rate of the market over the forecast period?

3.    Who are the key manufacturers/vendors in the Employee Monitoring Solutions market space?

4.    What are the major market opportunities and market risks faced by the market?

5.    What is the impact of COVID-19 on the market?

6.    What are the revenue, sales, and price analysis of the top manufacturers in this market?

7.    What are the key outcomes of Porter's five forces model?

8.    Who are the distributors, traders, and vendors in the industry?

REASONS FOR BUYING THIS REPORT: 

·    The report offers comprehensive data on the Employee Monitoring Solutions market elaborating on the current state and future growth prospects both globally and regionally

·         It offers a six-year market forecast trend evaluating the impact of drivers and restraints and supporting factors for growth

·         The report offers deep-dive insights into each market segment and critical factors responsible for its growth

·         The report presents a precise picture of the dynamic competitive landscape which helps our client advance their market position

·         The comprehensive analysis of the market along with the inclusion of analyst recommendations ensures that our clients make informed business decisions

·         Cross-segment country-level analysis is included in the report which provides granular analysis of more than 20+ countries covered in the report's scope

·        The study includes detailed profiles of major manufacturers to help our readers gain a holistic overview of the market competitors and consequently align their business strategies