Dallas, Texas, Sept. 16, 2022 (GLOBE NEWSWIRE) — The Global Employee IT Monitoring Software Market was valued at USD 487.48 million and is expected to reach USD 1739.76 million by 2029, at a CAGR of 17.35%.
The demand for better workforce management in an enterprise is the major driver for the growth of the global employee IT monitoring software market. Moreover, industries are looking for effective ways to increase worker productivity, which will likely create attractive growth prospects for the industry. Managers are advised to use employee computer monitoring software because of its user-friendly and aesthetic design, high operational flexibility and ease of use.
The software accessed employee passwords and software login credentials to properly maintain monitoring data. It has also customized security and privacy settings. The personnel manager benefits from the accurate and precise data of the software. These factors will encourage the development of computer employee monitoring software as the need to effectively manage personnel to increase productivity increases.
By enabling employee tracking and other data collection, employee monitoring solutions allow businesses to increase productivity and maintain security. Employee monitoring solutions offer features like activity analytics, live views, keylogging while monitoring, smart rules and alerts, and file transfer tracking. Due to the current state of the market, consumers are increasingly cost-conscious and place a higher value on timely delivery of goods and services. As a result, organizations are using employee monitoring technologies to increase productivity and boost their reputation.
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Scope of Global Employee Computer Monitoring Software Market:
|Market size in 2029||$1739.76 million|
|Segment covered||By type, by application, by end users, by region,|
|by type covered||Standalone, integrated and others|
|per application covered||System monitoring, file monitoring, email monitoring and others|
|by covered end users||Large industries, SMEs and others|
|Regions covered||North America, Europe, Asia-Pacific, Middle East, Africa and South America|
|Profiled Key Players||InterGuard, ActivTrak FairTrak, IMonitor Software, Micro Focus, Splunk, Forcepoint, Securonix, ObserveIT, Imperia, One Identity, LogRhythm, SolarWinds Worldwide|
Employee computer monitoring software can capture and track employee’s computer file operations, internet usage, chat, computer screen, email and other activities. The hierarchical management of the system allows service supervisors to monitor and manage their teams’ computers. For this reason, many companies are gradually introducing computer employee monitoring software and systems to increase employee productivity.
In terms of offerings, the solutions segment accounted for 60% of the market in 2021, the largest proportion. Growing organization-wide focus on increasing work productivity and growing demand for improved management thereof are major factors propelling the growth of the IT monitoring software market employees. The employee IT monitoring software solution has been adopted by a number of companies in various regions, and the others are planning to do the same over the projected period.
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In terms of verticality, the BFSI segment accounted for a significant market share in 2020. This sector is expected to grow due to rising per capita income, new product launches, technical advancements, expanded distribution, networking and growing consumer awareness of finance. some products.
The North American region is expected to experience a peak in growth in the near future. Latin America is expected to experience strong growth over the forecast period. Likewise, the Middle East and Africa region exhibits remarkable market growth potential over the analysis period. This is due to factors such as increase in SMEs (Small and Medium Enterprises) in the region, rise in adoption rates among SMEs due to increased competition leading to increase in employee productivity, etc. .
For example, Aware, a leading provider of employee behavior platform analyzers for chat platforms like Slack, announced an investment in October 2021 for a total of US$60 million to support product development. , sales activities and hiring.
Main points of the table of contents:
2. Research methodology
3. Market Outlook
4. Employee IT Monitoring Software Market by Type, 2022-2029 (USD Million)
5. Employee IT Monitoring Software Market by Application, 2022-2029 (USD Million)
6. Employee IT Monitoring Software Market by End User, 2022-2029 (USD Million)
7. Employee IT Monitoring Software Market by Region, 2022-2029 (USD Million)
8. Competitive landscape
9. Company Profiles
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