Global Employee Monitoring Software Market Overview 2024: Size, Growth Rate, and Segments
The employee monitoring
software global market report 2024from The Business Research Company provides
comprehensive market statistics, including global market size, regional shares,
competitor market share, detailed segments, trends, and opportunities. This
report offers an in-depth analysis of current and future industry scenarios,
delivering a complete perspective for thriving in the industrial automation
software market.
Employee Monitoring Software Market, 2024report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size - The employee monitoring software market size has grown
rapidly in recent years. It will grow from $2.80 billion in 2023 to $3.30
billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be
attributed to the growth of cloud computing, the development of sophisticated
software algorithms and artificial intelligence, enhanced data collection and analysis
tools, increased use of mobile devices and remote working platforms, and rising
threats of cyber-attacks and data breaches.
The employee monitoring software market size is expected to see rapid growth in
the next few years. It will grow to $6.45 billion in 2028 at a compound annual
growth rate (CAGR) of 18.2%. The growth
in the forecast period can be attributed to increased remote work trends,
advancements in AI and data analytics, rising cybersecurity concerns,
regulatory compliance requirements, growing emphasis on productivity metrics,
the proliferation of BYOD (bring your own device) policies, and enhanced
integration capabilities with other enterprise software solutions. Major trends
in the forecast period include increased integration with AI and machine
learning, enhanced data privacy and security measures, greater adoption of
remote workforce analytics, expanded use of real-time monitoring and alert
systems, more robust compliance tracking features, growth in mobile device
management capabilities, and a shift towards user-friendly interfaces and
dashboards.
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Scope Of Employee Monitoring Software Market
The Business Research
Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Employee Monitoring Software Market Overview
Market Drivers -The surge in the adoption of cloud-based solutions is
expected to propel the growth of the employee monitoring software market going
forward. Cloud-based solutions refer to services, applications, and resources
delivered over the internet rather than being hosted locally on a personal
computer or an on-premises server. The surge in the adoption of cloud-based
solutions is driven by their scalability, cost-effectiveness, and ability to
support remote work and digital transformation. Cloud-based solutions
facilitate the adoption of employee monitoring software by offering real-time
data access, remote management, and seamless integration across various devices
and locations. For instance, in December 2023, according to Eurostat, a
Luxembourg-based intergovernmental organization, around 45.2% of EU enterprises
utilized cloud computing services, primarily for email hosting, file storage,
and various operational tasks, with a notable increase of 4.2% points from
2021. Therefore, the increase in the adoption of cloud-based solutions is
driving the growth of the employee monitoring software market.
Market Trends - Major companies operating in the employee monitoring
software market are focusing on developing innovative solutions, such as HR
management solutions to enhance workforce management efficiency. HR management
solutions refer to integrated tools for streamlining human resources processes,
such as attendance tracking, performance management, and employee scheduling.
For instance, in July 2021, Caprice Cloud Solutions Pvt Ltd, an India-based
HRMS and payroll management software company, launched a new application
tailored to monitoring employee productivity in addition to HRAPP. The new app
provides a comprehensive suite of features designed to enhance employee
productivity. It includes real-time tracking of user activity to detect
potential burnout and recommend breaks, as well as app and URL tracking to
differentiate between productive and unproductive usage for better resource
optimization. Task tracking capabilities integrate with popular task management
solutions, offering a complete view of time spent on various tasks.
User-friendly, affordable, and easy to set up, this app empowers mid-market
organizations to improve productivity, security, and compliance effectively.
The employee monitoring software market covered in this report is segmented
–
1) By Type: Premises Employee Monitoring, Remote Employee Monitoring
2) By Deployment Mode: Hybrid, Cloud Based, On-Premises
3) By Features: Productivity Monitoring, Real-Time Alerts, User And Entity
Behavior Analytics, Insider Risk Analysis, Internet Usage Monitoring
4) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
5) By Industry Vertical: Banking, Financial Services And Insurance, Government,
Information Technology And Telecom, Manufacturing, Retail, Hospitality,
Transportation And Logistics
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Regional Insights - North America was the largest region in the employee
monitoring software market in 2023. The regions covered in the employee
monitoring software market report are Asia-Pacific, Western Europe, Eastern
Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies operating in the employee monitoring
software market are Intuit Inc., ActivTrak Inc., Veriato Inc., Time Doctor LLC,
Netsoft Holdings LLC, Toggl OU, Teramind Inc., Prodoscore Inc., iMonitorSoft
Ltd., Awareness Technologies, DeskTime.com LLC, EfficientLab LLC, Ekran System
Inc., Atom Security Inc., Deep Software Inc., Insightful.io Ltd., NesterSoft
Inc., Spytech Software and Design Inc., VeriClock Inc., Wangya Computer Co.
Ltd.
Table of Contents
1. Executive Summary
2. Employee Monitoring
Software Market Characteristics
3. Employee Monitoring
Software Market Trends And Strategies
4. Employee Monitoring
Software Market - Macro Economic Scenario
5. Global Employee
Monitoring Software Market Size and Growth
.....
32. Global Employee
Monitoring Software Market Competitive Benchmarking
33. Global Employee
Monitoring Software Market Competitive Dashboard
34. Key Mergers And
Acquisitions In The Employee Monitoring Software Market
35. Employee Monitoring
Software Market Future Outlook and Potential Analysis
36. Appendix
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