Employee (Automated) Monitoring Solutions Market - Snapshot

Employee (automated) monitoring solutions are used to scrutinize the performance of employees in an organization. These solutions are ideal for analyzing training & development, staffing, retention rate, and similar workforce-related parameters that enable enterprise leaders to optimize their human resources.

 

employee monitoring solutions market

Ever-increasing business competitiveness has boosted demand for analyzing employees and bringing out better business outcomes. Recent trends in employee (automated) monitoring solutions show that a rise in the need for effective Return on Investment (ROI) and the need to mitigate a company’s overall investments are leading to the adoption of employee (automated) monitoring solutions in organizations.

The global employee (automated) monitoring solutions market has been segmented based on component, solution, enterprise size, industry, and geography. Component is segmented as software and professional service, where software is further segmented into cloud and on premise. The cloud software segment is expected to have strong market attractiveness. This is primarily due to benefits associated with cloud technologies such as improved accuracy and efficiency of systems and also due to increasing demand for dynamic, cost effective, and efficient employee (automated) monitoring solutions from end-users such as banking, financial services and insurance, education, government, hospitality, legal, manufacturing, telecom, and IT industry. Based on solution, the market is segmented as standalone and integrated, where standalone is bifurcated into productivity suite, project supervision and management, and surveillance suite. Productivity suite is further bifurcated into attendance tracking, employee scheduling, and activity tracking. The market in terms of enterprise size is segmented as small and medium enterprise and large enterprise. Based on industry, the market is segmented as banking, financial services and insurance, education, government, hospitality, legal, manufacturing, telecom and IT, and others. The telecom and IT industry segment is expected to have strong market attractiveness due to significant adoption of employee (automated) monitoring solutions by the industry. Apart from telecom & IT and BFSI, education, healthcare & retail are active industry verticals availing the benefits of employee (automated) monitoring solutions.

An increase in demand for contingent labor, targeted talent strategies, and mobile workforce has encouraged companies to adopt employee (automated) monitoring solutions. Moreover, fast changing economies and rapidly evolving government policies are driving the need for reliable workforce data that can help companies tackle economic fluctuations and make effective staffing decisions. As a result, enterprises (especially the large ones) these days require a complete package that has an advanced workforce management solution along with succession planning software, compensation management software, and career pathing management solutions.

In terms of region, North America led the employee (automated) monitoring solutions market in the year 2017 and is expected to remain dominant throughout the forecast period from 2018 to 2026. North America dominates the global employee (automated) monitoring solutions market due to a large number of established players in this region. The presence of large number of mid-sized and large enterprises in this region has led to wider adoption of employee (automated) monitoring solutions. Europe is also projected to see significant growth in the market in the coming years due to adoption of employee (automated) monitoring solutions and technical awareness about the functioning of these solutions. 

The global employee (automated) monitoring solutions market is largely driven by solutions offering and partnerships. For instance, Teramind provides a wide variety of products to its clients globally. The company continuously invests huge amounts in R&D to introduce new innovative products. It is engaged in partnerships with leading companies to meet the growing demand for employee monitoring software. In December 2018, Teramind announced that its employee monitoring and data loss prevention solutions are accessible to deploy on the AWS platform.

Key players profiled in theglobal employee (automated) monitoring solutions market include Awareness Technologies, Inc., Birch Grove Software, Inc., StaffCop, Teramind, iMonitorSoft, Nandini Infosys Pvt. Ltd, NetVizor, Saba Software, WorkTime, Time Doctor, Toggl, Work Examiner, Veriato, Inc., SentryPC, Fair Trak, OSMonitor, Mobistealth.com, and Hubstaff.

Employee (Automated) Monitoring Solutions Market: Overview

This report by Transparency Market Research on the global employee (automated) monitoring solutions market analyzes and forecasts the data at the global and regional levels. The report provides an analysis of the industry trends in each of the segments from 2016 to 2026, where 2018 to 2026 is the forecast period and 2017 is the base year. The global employee (automated) monitoring solutions market report provides in-depth and accurate analysis of the market. It also highlights various drivers, restraints, and opportunities expected to influence market growth during the forecast period. The study provides a complete perspective about the employee (automated) monitoring solutions market and expansion throughout the research study in terms of value (US$ Mn) across North America, Asia Pacific, South America, Middle East & Africa, and Europe. Moreover, the study explains the penetration of each market segment within various regions and how these segments have accelerated the growth of the market.

The employee (automated) monitoring solutions market report covers all the major trends and technologies playing a major role in market growth from 2018 to 2026. The overview section of the report analyzes market dynamics such as drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators, integration challenges, adoption analysis, and trends of the market. A market opportunity analysis for every segment has been included in the report to provide a thorough understanding of the overall scenario in the employee (automated) monitoring solutions market. The report also provides an overview of various strategies adopted by key players in the market.

Global Employee (Automated) Monitoring Solutions Market: Scope of the Report

The report segments the global employee (automated) monitoring solutions market on the basis of component, solution, enterprise size, and industry. Based on component, the market has been segmented as software and professional service, where software is further segmented into cloud and on premise. The market in terms of solution is segmented as standalone and integrated, where standalone is bifurcated into productivity suite, project supervision and management, and surveillance suite. Productivity suite is bifurcated as attendance tracking, employee scheduling, and activity tracking. Based on enterprise size, the market is segmented as small and medium enterprise and large enterprise. In terms of industry, the market is segmented as banking, financial services and insurance, education, government, hospitality, legal, manufacturing, telecom and IT, and others.

The report also highlights the competitive landscape of the employee (automated) monitoring solutions market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive employee (automated) monitoring solutions market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the employee (automated) monitoring solutions market growth.

This report provides all the essential information required to understand the key developments in the global employee (automated) monitoring solutions market and expansion trends of each segment and region. It also includes strategies, company overview, and key competitors under the company profiles section. Additionally, the report provides insights related to trends and their impact on the regional market. Moreover, Porter’s Five Forces analysis provides analysis of bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition in the global employee (automated) monitoring solutions market. The study also provides a comprehensive ecosystem analysis of the global employee (automated) monitoring solutions market.

Global Employee (Automated) Monitoring Solutions Market: Research Methodology

The research methodology is a combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.

Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the global employee (automated) monitoring solutions market, across regions. Primary interviews are conducted on an ongoing basis with industry experts and participants in order to get the latest market insights and validate the existing data and analysis. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.

Global Employee (Automated) Monitoring Solutions Market: Competitive Dynamics

The research study includes profiles of leading companies operating in the global employee (automated) monitoring solutions market. Key players profiled in the report include Awareness Technologies, Inc., Birch Grove Software, Inc., StaffCop, Teramind, iMonitorSoft, Nandini Infosys Pvt. Ltd, NetVizor, Saba Software, WorkTime, Time Doctor, Toggl, Work Examiner, Veriato, Inc., SentryPC, Fair Trak, OSMonitor, Mobistealth.com, and Hubstaff.The global employee (automated) monitoring solutions market has been segmented as below:

Global Employee (Automated) Monitoring Solutions Market, by Component

  • Software
    • Cloud
    • On-premise
  • Professional Service

Global Employee (Automated) Monitoring Solutions Market, by Solution

  • Standalone
    • Productivity Suite
      • Attendance Tracking
      • Employee Scheduling
      • Activity Tracking
    • Project Supervision and Management
    • Surveillance Suite
  • Integrated

Global Employee (Automated) Monitoring Solutions Market, by Enterprise Size

  • Small and Medium Enterprise
  • Large Enterprise

Global Employee (Automated) Monitoring Solutions Market, by Industry

  • Banking, Financial Services and Insurance
  • Education
  • Government
  • Hospitality
  • Legal
  • Manufacturing
  • Telecom and IT
  • Others (Retail, Healthcare, etc.)

Global Employee (Automated) Monitoring Solutions Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • The U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America
.