About Employee Surveillance and Monitoring Software
Employee surveillance and monitoring software allow businesses to track and record employees' overall activity and measure the productivity and performance of team, department, or individual employees. In today’s time employee surveillance and monitoring has become new normal to monitor remote or on-premises workforce during their working hours and improve performance and productivity. Further, its time tracking feature allows employers to gain insight into time spent on each project, client, or task and allocate tasks based on priority. The high growth of mobile applications for employee monitoring due to the increased adoption of mobile devices will create significant opportunities for the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new software launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Employee Surveillance and Monitoring Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
We360.ai (India), ActivTrak (United States), Teramind Inc. (United States), Microsoft Corporation (United States), Hubstaff (United States), Time Doctor (United States), Veriato (United States), Workpuls (United States), Ekran System (United States), Monitask (United States), iMonitor Software (United States), Kickidler (Russia), WorkTime (Canada), Workday, Inc. (United States) and EmpMonitor (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Employee Surveillance and Monitoring Software market by and Region.
On the basis of geography, the market of Employee Surveillance and Monitoring Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. BFSI will boost the Employee Surveillance and Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium Businesses will boost the Employee Surveillance and Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Basic will boost the Employee Surveillance and Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Employee Surveillance and Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Time Tracking will boost the Employee Surveillance and Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. Windows will boost the Employee Surveillance and Monitoring Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Cloud-based Hybrid Model and Integration of AI and Machine Learning in the Software
Market Growth Drivers:
Increased Adoption of Employee Monitoring Software to Boost Productivity and Analyze Employee Performance and Surging Demand for Technologically Advanced Automated Employee Monitoring Software
Challenges:
Limited Features and Support to the Various Platform
Restraints:
High Cost of Software Upgradation and Rising Privacy Concern and Lack of High-Speed Internet Connectivity May Create Hurdles for the Market
Opportunities:
Emerging New Norm of Remote and Hybrid Working Across the Globe Due to Ongoing Covid-19 Pandemic
Market Leaders and their expansionary development strategies
In July 2019, to safeguard their workers against malware attacks, Keeper Security, Inc. established the employee monitoring program known as "round-the-clock dark web surveillance". The software records the actions and web searches that the staff members take.
In July 2021, HRAPP Announces the Launch of a New App that is Designed to Monitor the Productivity of Employees. The new launch feature special employee productivity monitoring software that employers can use to hire, pay, engage, retain and monitor employees,” the spokesperson noted, adding that the employee monitoring solutions offer everything required to build an efficient workspace.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Employee Surveillance and Monitoring Software Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.