Mobile Security Software Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2024

 Overview

The Global Mobile Security Software Market is expected to reach USD 29,427 Million by 2024, growing at a CAGR of 14.1% during the forecast period (2019–2024).

Bring your own device (BYOD) is a practice of allowing employees in any organization to use their personal devices such as laptops, smartphones, and tablets for professional purposes. The growing trend of bring your own device (BYOD) is seen owing to the flexibility and increase workforce mobility and reduced hardware and infrastructure costs. However, the adoption of BYOD brings security-related issues as the leakage of private information from unprotected and unmanaged devices. Personal devices may lack data encryption capabilities or malware that are vulnerable to attack from online threats, thus increasing the risks of data loss or exposure.  The safety of these devices from malware and other cyberattacks can be mitigated by the use of proper mobile security solutions. Therefore, the growing trend of bring your own device (BYOD) is expected to drive the growth of mobile security software during the forecast period.

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Segmental Analysis

The Global Mobile Security Software Market has been segmented on the basis of type and region.

The global mobile security software market has been segmented into six types—mobile identity management, mobile data security, security as a service, mobile device security, mobile virtual private networks, and email spam blocking. The mobile device security segment accounted for the largest market share of 30.6% in 2018, with a market value of USD 4,358.3 million; it is expected to register a CAGR of 10.2% during the forecast period. Mobile device security protects all mobile devices (smartphones, notebooks, tablets) from cyberattacks. The software helps in blocking malware and other advanced threats, such as unauthorized network accessibility, on various mobile devices.  This is done with the help of cloud-based software that has the capability to efficiently perform inspection and malware analysis on such devices. Mobile device security helps enterprises to efficiently protect their network from data loss and malware attacks. These mobile device security services have several capabilities including web filtering and malware protection, real-time reporting, and anti-virus scanning. However, the mobile data security segment is expected to register the highest CAGR of 19.2%. Mobile data security offers security to data by easily providing configure actions such as encryption, visual masking, and data loss prevention. The solution helps in protecting sensitive data stored in the smartphone, tablets, or laptops even when these devices are used in unsecured networks. The software suite also helps in meeting various compliance requirements, such as GDPR and HIPAA.

Competitive Analysis

The Prominent Players operating in the Global Mobile Security Software Market are F-Secure Corporation (Finland), Citrix Systems, Inc. (US), Kaspersky Lab (Russia), AVG Technologies (Czech Republic), Sophos Group PLC (UK), Apple Inc. (US), Intel Security (US), Symantec Corporation (US), VMware, Inc. (US), and Microsoft Corporation (US).

Regional Analysis

By region, the mobile security software market has been divided into North America, Europe, China, India, Japan, the Middle East & Africa, and South America.

North America is expected to be the largest market for mobile security software during the forecast period. The increasing number of mobile employees in the region and the growing BYOD trend in enterprises are the leading factors fueling the demand for mobile security software solutions. Also, the growing instances of cyberattacks have led to several security issues, and therefore, enterprises are looking for comprehensive solutions to mitigate the growing number of cyber threats.

According to MRFR, India is expected to register the highest CAGR for the mobile security software market during the forecast period. This is attributable to the increasing mobile workspace and their growing dependence on personal devices for work. Also, the adoption of flexible workspace policy in the country is another key factor contributing to the growth of the market.

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Electrical & Electronics Testing, Inspection and Certification Market Research Report - Global Forecast till 2025

 Overview

The Electrical & Electronic Testing, Inspection, & Certification (TIC) Market is expected to reach USD 133,116.9 Million by 2025, registering a CAGR of 5.8% during the forecast period (2019–2025). In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.

The electrical electronics testing, inspection, & certification (TIC) market exhibits a prominent growth potential during the forecast period. The growth of this market is driven by increasing demand in household appliance testing and growing need for equipment validation. Furthermore, growing smart home projects is expected to further boost the growth of this market in the coming years. However, the lack of global certification standards limits the market growth. Also, a change in technologies and regulations poses a challenge for this market.  The electrical & electronics testing, inspection, & certification services consist of compliance testing, auditing, inspection, quality assurance, and certification services. These services are used by companies operating across various industrial verticals for improving productivity and efficiency of manufacturing processes for manufacturers to meet the globally recognized standards, regulations, and policies set by the government to improve the quality of products. The testing, inspection, and certification services can be applied to any product, service, or company.

The market is highly fragmented with the presence of various global, regional, and local providers who are continuously evolving to enhance their market position. Increasing demand in household appliance testing, growing globalization, and increasing need for brand protection are the key factors aiding market growth. However, the lack of global certification standards and skilled personnel are expected to limit the growth of the market during the forecast period. The TIC sector is widely influenced by the complex political landscape. The rate of change and the impact of government policy remain uncertain in most geographies.

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Segmental Analysis

The Global Electrical & Electronics Testing, Inspection, & Certification Market has been segmented based on service type, product, offerings, and region.

Based on the service type, the electrical & electronics testing, inspection, & certification market has been segmented into testing, inspection, and certification service. The testing segment accounted for the largest market share in 2018. The inspection segment was the second-largest market in 2018, and it is projected to exhibit substantial CAGR growth. However, the certification segment is expected to register the highest CAGR of 6.52% during the forecast period.

Based on product, the market has been segmented into smart lighting system, smart wiring system, HVAC system, electrical component, e-toys, household appliances, security & access control. The electrical component segment accounted for the total share of 25% in the year 2018 and is expected to exhibit a CAGR growth of 6.8 during the forecast period.

Based on offerings, the electrical & electronics testing, inspection, & certification market has been divided into electromagnetic compatibility, electrical safety, connectivity, digital services, energy efficiency testing, and cybersecurity services. The electromagnetic compatibility accounted for the largest share in the market. It occupied a 21.1% share in the overall market in the year 2018. However, the cybersecurity services segment is expected to register the highest CAGR of 7.4%.

Competitive Analysis

The prominent players operating in the  Electrical & Electronic Testing, Inspection & Certification (TIC) Market are SGS SA, Bureau Veritas SA, Dekra Certification Gmbh, Intertek Group PLC, ALS Limited, ASTM International, The British Standards Institution (BSI) Group, Sai Global Limited, Tuv Sud, Applus+, UL LLC, NSF International, National Technical Systems, Inc, TÜV Rheinland , TUV NORD AG, CSA Group, Element Materials Technology, and Eurofins Scientific.

Regional Analysis

The regional analysis for the global electrical & electronic testing, inspection, & certification (TIC) market has been conducted for North America, Europe, Asia Pacific, and the Middle East & Africa, and South America.

The market in North America accounted for the largest market share in 2018, and it is expected to dominate the market during the forecast period. Stringent testing and inspection regulation, including various quality standard certifications such as USTC, CEC, and NOM are followed in the region, and therefore, electric and electronic manufacturers need to comply with these regulations. Therefore, the look for comprehensive TIC services. Over the years, the demand for these services has increased significantly in the region, thereby driving the overall f growth of the market.

The market in Asia-Pacific is expected to grow with the highest CAGR of 7.1% during the forecast period. For the purpose of analysis, Asia-Pacific has been categorized into China, Japan, India, and the rest of Asia-Pacific. China accounts for the largest share in the Asia-Pacific region. China and Japan are the prominent country-level markets.

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Fixed-Mobile Convergence (FMC) Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2025

 Global Fixed-Mobile Convergence (FMC) Market Research Report: By Convergence Type (Device Convergence, Network Convergence and Application Convergence), Mode (Single-mode and Dual-mode), Component (Infrastructure and Service), End-User (Home Users and Enterprises), Region - Forecast till 2025

Market Overview

The growing capabilities of telecommunication operators are estimated to spur the fixed-mobile convergence market2020. The information & communication technology industry reports are produced by Market Research Future, which highlights market options for expansion.  A CAGR of 14.1% is estimated to ensure revenue level worth USD 6,208.7 Million by the end of 2025.

The upgradation in fixed and wireless networks around the world is expected to create unique options for growth in the fixed-mobile convergence market. The need to curb operational costs is estimated to be a critical factor that will be driving market growth in the forecast period. The demand for a seamless transition in calls is further estimated to push the market expansion in the coming period.

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Segmental Analysis

The segmental assessment of the fixed-mobile convergence market has been conducted on the basis of mode, component, convergence type, end-user, and regions. On the basis of convergence type, the fixed-mobile convergence market has been segmented into network convergence, device convergence, and application convergence.  The network convergence segment was responsible for the significant market share in the year 2018. Based on the mode, the fixed-mobile convergence market has been bifurcated into single-mode and dual-mode. The dual-mode segment was credited for the leading market share in the year 2018. The component basis of segmenting the fixed-mobile convergence market consists of service and infrastructure. On the basis of end-user, the fixed-mobile convergence market is segmented into home users and enterprises. The enterprise segment has been further sub-divided into BFSI, automotive, media & entertainment, healthcare, government, and others. Based on the regions, the fixed-mobile convergence market consists of Asia-Pacific, North America, Europe, and the rest of the regions.

Detailed Regional Analysis

The regional investigation of the fixed-mobile convergence market consists of Asia-Pacific, South America, North America, Europe, the Middle East, and the rest of the regions. The European region controlled the fixed-mobile convergence market in 2017. The Asia-Pacific region is likely to be the greatest rising market from 2019 to 2025. A few of the factors that are accountable for the fixed-mobile convergence market growth comprise of the escalating implementation of fixed-mobile convergence to recover operational expenses. The increasing demand from customers to avail of incorporated services from any place at any time is another factor for this market’s development. The UK is responsible for the principal market share, and Germany was the second principal market in 2018.

Competitive Analysis

The improvement in research and development facilities and equipment is further projected to influence the growth of the market in the forecast period. The scope of development of the market shows a high growth potential that the market can achieve in the coming years. The strategic allocation and positioning of assets are expected to aid each competitor in the mart with their growth goals. The inducement of definite regulations introduced by the governments of several countries is estimated to enhance the profits that can be gained by the market. The availability of suitable means to build robust distribution channels is estimated to characterize the future expansion of the market in the forecast period. The stability of the economic state is expected to further lend to the favorable development in the global market strength. The need to prepare for contingencies such as natural disasters, pandemics, and international trade wars is expected to allow the market a better capability to deal with the challenges.

The eminent contenders in the fixed-mobile convergence market are Deutsche Telekom AG(Germany), Samsung Group (South Korean), Huawei Technologies Co., Ltd (China), Ericsson (Sweden), Vodafone Group PLC (UK), Turk Telekom (Turkey), Orange SA (France), The Proximus Group (Belgium), Turkcell (Turkey), Ooredoo QSC (Qatar), Nokia (Finland), Cisco Systems, Inc.(US), Fujitsu (Japan), and ZTE Corporation (China).

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Electrical Computer-Aided Design (ECAD) Market Outlook and Future Scope Analysis Forecast To 2024

 Overview

The Global Electrical Computer-Aided Design (ECAD) Market is expected to reach USD 2860.3 Million by 2024 at a CAGR of 9.22% during the forecast period. Market Research Future (MRFR) in its report envelops segmentations and drivers to provide a better glimpse of the market in the coming years.

Cloud computing is a driving force for the designing field, as it enables designers to access tools and collaborate with their teams over a single platform to make informed decisions during the designing stage. According to a Worldwide CAD Trends 2016 survey conducted by Business Advantage, the use of cloud-based CAD is likely to go up to 29% over the next three to five years. However, the piracy of ECAD software is a major factor limiting the growth of the global electrical computer-aided design (ECAD) market. Increasing use of cloud-based ECAD tools and increasing demand for automation in process industries such as oil & gas and manufacturing are contributing to the growth of the global electrical computer-aided design (ECAD) market.

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Competitive Analysis

The key players of the global electrical computer-aided design (ECAD) market are Dassault Systèmes SE (France), EPLAN Software & Service (Germany), Siemens AG (Germany), Autodesk, Inc. (US), Trimble, Inc. (US), Bentley Systems, Inc. (US), Nemetschek SE (Germany), IGE+XAO (France), and ALPI International Software (France), among others.

• In January 2019, Trimble launched the latest version of its architectural modeling software—SketchUp Pro 2019. The product has layers with dashed lines which allow simplifying drawings with effective communication.

• In February 2017, IGE+XAO Group opened a new subsidiary in India—IGE+XAO INDIA Private Limited—to enhance its distribution capabilities. This subsidiary distributes IGE+XAO Electrical CAD, PLM, and simulation software for the rapidly expanding Indian market.

 

Segmental Analysis

The global electrical computer-aided design (ECAD) market has been segmented based on component, industry type, application, vertical, and region.

Based on component, the market has been classified as software and services (support, training, and maintenance). The software segment accounted for the largest market share in 2018; the services segment is expected to register the highest CAGR during the forecast period. Electrical computer-aided design (ECAD) is a real-time standalone, easy-to-use, multi-user electrical design tool that helps in efficiently defining the electrical interconnections for complex electrical systems. Various organizations provide a range of ECAD support services to provide insights into, and detailed information about the entire ECAD software system. Training service providers offer online training, customized classes, classroom, and on-site training, and one-day training classes to end users. The regular maintenance of ECAD software prevents unwanted downtime and proves critical to maintaining a smooth-running facility. Maintenance services help organizations to support the work efficiency of software on a timely basis.

Based on industry type, the market has been classified as process industry and discrete industry. The discrete industry segment accounted for the largest market share in 2018, with a market value of USD 1,192.7 million; it is expected to register the highest CAGR during the forecast period. The discrete industry involves the production of whole equipment or parts/components; ECAD is required to create and modify the design of an equipment manufacturing process. Various software providers, such as Autodesk, offer ECAD software solutions and for discrete product manufacturing. The solutions provide 3D model designing, engineering, data management, and process management. The implementation of software in process industry enhances productivity, which saves time and minimizes errors in implementation planning. Different process industries require a different set of ECAD features and capabilities that vary as per the industry requirements. The adoption of ECAD is expected to grow significantly in the process industry during the forecast period.

Based on application, the market has been classified as industrial machine controls, plant design, mining equipment control, rail signaling, switchgear design, water treatment and distribution system control, and others. The industrial machine controls segment accounted for the largest market share in 2018, while the water treatment and distribution system control segment is expected to register the highest CAGR during the forecast period. Machine control helps in increasing productivity, reducing costs, and improving ease-of-use. Industrial machines are custom designed for their specific purpose and are optimized for throughput, precision, and availability. A plant layout largely impacts the total operation of a company which includes the production processes, equipment, storage, and dispatch. Signaling is one of the important components of railway network design, as the control and management of trains depend on signals for safer train movement. ECAD software is used in rail signaling to perform tasks such as modifying existing interlockings or creating new ones, editing of interlockings, making wiring schematics, generating wiring schedules and tables and tables linked to schematics automatically, creating rack layouts linked to schematics, and auto-generation of plans and documentation. The ECAD software covers the entire range of services in designing switchgear, which includes mounting layout in 3D, using the virtual wiring of the components to the individual design and adaptation of copper bars for flexible power distribution systems. In a water treatment plant, there are various electrical tasks performed, such as design and build of integrated power and control solutions. It is essential that the electrical network of a water treatment plant is in line with the required processing quality of the plant so that it can operate using optimal energy and reduced cost.

Based on vertical, the market has been segmented into automotive, plant design, aerospace & defense, construction, railway, power generation equipment and machinery, oil & gas, food & beverage, energy, and others. The automotive segment accounted for the largest market share in 2018, while aerospace & defense is the second-largest segment. The Power generation & energy segment is expected to register the highest CAGR during the forecast period. ECAD software is used for prototyping simplified system designs in automotive vertical that offer benefits such as reduction in complex cabling structure and switchboard control. Designing and manufacturing a new commercial aircraft are extremely complicated, expensive, and risky processes. ECAD software solutions assist the development teams in streamlining the design and assembly of electrical layout of the prototype. ECAD software are mainly used in the construction sector for electrical drawing. Electrical drawings include circuit diagrams and drawings, circuit panels, electrical schematic drawings, electrical blueprints for floors and electrical grid systems that provide detailed information about power, lighting, and communication. The railway network across the globe is increasing rapidly as it is a more reliable and relatively inexpensive mode of transportation. With technological advancements, the complexity of railway networks is also increasing as large numbers of cables and electronic components are being incorporated in the rail design to enhance its overall performance. Energy and power sector faces a number of challenges such as complying with standards, securing supply, and optimizing load distribution, among others. Therefore, there is a continuous pressure on the engineers to design an electric power system that has enhanced features and meets the standard requirements. Designing of heavy equipment and machinery is a complex process as it involves large-sized equipment ranging from 20 to hundreds of tons with multiple components needed to be integrated into a feasible design. Electrical engineering has a significant influence on the operation of the oil & gas industry. For the same, electrical engineers are continuously performing tasks such as designing electrical control systems for oil and gas drilling equipment, producing required documents, drawings/schematics, and procedures related to the electrical systems and similar other. Food & beverage plant consists of a variety of systems and components which need to work together to provide problem-free production. The ECAD software is used to design, monitor, integrate, automate, and maintain the electrical components of production lines to ensure that the facility operates at peak efficiency.

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Personal and Entry Level Storage (PELS) Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2023

 Global Personal and Entry Level Storage Market Research Report, by Product (Cloud, Non-Cloud), Storage System (Direct-Attached, Cloud, Network-Attached Storage, Unified, Software-Defined), Technology (Magnetic, Solid-state), Vertical—Forecast till 2023

Market Highlights:

The global PELS market has been segmented based on product, storage system, technology, and vertical.

By component, the global PELS market has been divided into cloud-based storage and non-cloud storage. The non-cloud storage segment is expected to account for the larger market share during the forecast period.

Based on storage system, the global personal and entry level storage market has been classified as direct-attached, cloud storage, network-attached storage (NAS), unified storage, and software-defined storage (SDS). The NAS segment is expected to be the larger market and cloud storage is expected to register the higher growth rate during the review period.

The technology sub-segments of the global PELS market are magnetic storage, solid-state storage. The solid-state storage segment is expected to dominate the market.

On the basis of vertical, the global PELS market has been divided into banking, financial services and insurance (BFSI), consumer goods & retail, telecommunications & IT, healthcare and life science, utilities, government and defense, education and research, media and entertainment, manufacturing, business and consulting, and others. The media and entertainment segment is expected to be the largest, while the healthcare segment is projected to register the highest CAGR during the forecast period.
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Regional Analysis:

A geographical analysis of the global personal and entry level data storage market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

The North American market has been segmented into the US, Canada, and Mexico. The regional market is expected to account for the largest share in the global PELS market during the forecast period. The growth of the market in North America can be credited to the presence of a large number of PELS providers in the region. The US is the leading country-level market while Mexico market is projected to be the fastest-growing during the forecast period. The US is a mature market, however, it faces the challenge of increasing their overall carbon footprint due to the lack of ecofriendly (green) storage solutions.

Europe is expected to be the second-largest market in terms of market size; it has been divided into the UK, Germany, France, and the rest of Europe. High internet reach in the region is resulting in huge volumes of digital data generation which is driving market growth in Europe. The UK is the leading country-level market and the market in France is expected to register the highest growth rate during the forecast period.

The market in Asia-Pacific is expected to be the fastest-growing during the review period of 2018 to 2023. The regional market has been classified into China, Japan, India, and the rest of Asia-Pacific. The countries in the region such as Japan, China, Singapore, India, and South Korea are expected to adopt PELS rapidly during the forecast period.

Growing internet penetration, high volume of digital data, and affordable cost of the PELS devices are expected to boost the demand of PELS in the rest of the world regional segment. The regional market has been segmented into South America and the Middle East & Africa. These regions are expected to offer numerous opportunities to vendors as the majority of the countries are yet to adopt PELS.
Key Players:

The key players in the PELS market are Dell Inc. (US), Hewlett Packard Enterprise (HPE) Company (US) , NetApp, Inc. (US) , Hitachi Ltd. (Japan), IBM Corporation (US), Toshiba Corporation (Japan), Pure Storage, Inc. (US), Nutanix, Inc. (US), Tintri, Inc. (US), Simplivity Corp. (US), Scality, Inc. (US), Cisco Systems, Inc. (US), Western Digital Corporation (US), Seagate Technology (US) and Symantec Corporation (US).

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Global Procurement Analytics Market Outlook and Future Scope Analysis and Forecast Till 2024

 Global Procurement Analytics Market Research Report: by Component [Solutions (Category Management, Vendor Management, Spend Analytics, Contract Management), Services], by Deployment (Cloud), by Organization Size, and by Industry Vertical—Forecast till 2024

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that over the review period , the global market 2020 is poised to increase significantly, ensuring substantial market valuation of USD 7.90 Billion by 2024, and a healthy 21.4%  CAGR over the review period.

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Drivers and Restraints

Rapid technical advancements, digital innovation and comprehensive cloud infrastructure have intensified businesses' need for data-driven solutions to assist them in effective decision-making. Analytics thus plays a critical role in the enterprises enabling them to minimize capital and operating expenditure and significantly increase investment return (ROI). Procurement analytics provide comprehensive information on the historical data and allow companies to forecast future trends with the help of predictive analytical tools. Such quantitative data allow companies with data-driven decision-making to gain a competitive market advantage. In addition, the incorporation of analytics in the procurement process helps companies to achieve greater visibility and cost management.

It is possible that the convergence of analytics with technological developments such as the Internet of Things ( IoT) and cognitive computing would accelerate the use of the procurement process for highly insightful decisions. Therefore, the growing need for highly efficient procurement solutions to improve operational performance is expected to drive the procurement analytics market during the evaluation period. In addition, demand for cloud-based procurement solutions is growing, and demand for data-driven solutions is growing, which is likely to drive the procurement analytics market in the forecast period.

At the other hand, lack of safe solutions, privacy issues and lack of technological expertise are some of the aspects that are hindering the growth of the procurement analytics market over the coming years.

Segmental Analysis

The global procurement analytics market has been analyzed based on deployment mode, organization size, component, and industry vertical.

Based on the component, the global procurement analytics market has been bifurcated into solutions and services. The solutions segment has been sub-divided into sourcing, vendor management, spend analytics, invoicing analytics, category management, contract management, and others. Furthermore, the services segment has been further divided into professional services and managed services.

By deployment mode, the global procurement analytics market has been divided into on-premise and cloud.

By the organization size, the global procurement analytics market classified as small and medium-sized enterprises (SMEs) and large enterprises.

Based on the industry vertical, the global procurement analytics market has been divided into healthcare and life sciences, banking, financial services and insurance (BFSI), telecom and IT, energy and utilities, retail and e-commerce, and others.

Regional Evaluation

The global market geographic overview was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

However, North America led the procurement analytics market in 2018, from 2019 to 2024 Asia-Pacific is expected to be the fastest-growing market. North America held the largest market share in 2018 and predicted over the forecast period to dominate the global procurement analytics market. Market growth can be credited to the early adoption by enterprises of analytics solution in the procurement process and the involvement of industry giants like SAS Institute, Inc., IBM Corporation and Oracle Corporation. In terms of market share, Europe is slated to achieve second place in the procurement analytics market during the assessment period.

During the assessment period Asia-Pacific is expected to be the fastest growing segment in the procurement analytics market. Market growth is attributed to heavy vendor investment in developing robust cloud infrastructure in emerging economies like India, China , and other South East Asian countries.

Competitive scenario

The major market players operating in the global market as identified by MRFR are  SAP SE (Germany), IBM Corporation. (US), Oracle Corporation (US), Zycus Inc. (US), Tamr (US), SAS Institute Inc.,(US), and Genpact (UK), BRIDGEi2i Analytics (India), Dataction (India), Tungsten Corporation plc (UK), Sievo (Finland), Rosslyn Data Technologies (UK), BirchStreet (US), Simfoni (US), Proactis (UK).

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Employee Monitoring Solution Market 2020- 2023: Company Profiles, COVID – 19 Impact Analysis, Emerging Technologies, Industry Segments, Business Trends, Landscape and Demand

 Employee Monitoring Solution Market Research Report: by Component (Software, Service), Type (Standalone, Integrated), Application (System Monitoring, File Monitoring, Network Monitoring), Vertical (Retail, Healthcare, Energy) — Global Forecast till 2023

Market Highlights

The global employee monitoring solution market has been segmented based on component, deployment, organization size, type, application, and vertical.

By component, the global employee monitoring solution market has been divided into solution and service. The solutions segment is expected to account for the larger market share during the forecast period.

Based on deployment mode, the global employee monitoring solution market has been classified as on-premise and cloud. The cloud deployment mode segment is expected to be the larger market, register the higher growth rate during the review period.

The organization size segments of the global employee monitoring solution market are small and medium-sized enterprises (SMEs) and large enterprises. The large enterprises segment is expected to dominate the market.

On the basis of vertical, the global employee monitoring solution market has been divided into banking, financial services and insurance (BFSI), retail, government and defense, healthcare and life sciences, energy and utilities, manufacturing, telecommunication and IT and others. The telecommunication and IT segment is expected to be the largest, while the BFSI segment is projected to register the highest CAGR during the forecast period.

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Regional Analysis

The global market for employee monitoring solution is estimated to grow at a CAGR of 22.6% during the forecast period from 2018 to 2023. The geographical analysis of the market is done for North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to be the dominating region in terms of adoption of employee monitoring solutions. The North American market has been segmented into the US, Canada, and Mexico. The growth of the market in North America can be attributed to the high adoption of advanced technologies in day to day business activities and across all industry verticals. The US is the leading country-level market while the Mexican market is projected to be the fastest-growing during the forecast period.

The European market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, the market in Europe is expected to be the second-largest. Stringent regulatory compliances regarding access and security of employees and the need for enhanced control over employees are driving market growth in Europe. The UK is the leading country-level market and the market in Germany is expected to register the highest growth rate during the forecast period.

Asia-Pacific is anticipated to be the fastest growing market in the global employee monitoring solution market over the forecast period. The regional market has been segmented into China, Japan, India, and the rest of Asia-Pacific. The growing BFSI and IT and telecommunication sector and increasing use of digital technologies to monitor employees are the key driving factors for the growth of employee monitoring solutions in the region.

The rest of the world regional market has been segmented into South America and the Middle East & Africa. These regions are expected to offer numerous opportunities to vendors as the majority of the countries are yet to adopt employee monitoring solutions.

Key Players

InterGuard (US), Birch Grove Software, Inc. (US), FairTrak (India), Netsoft Holdings, LLC (US), IMonitor Software (US), Micro Focus (UK), Splunk Inc. (US), Rapid7 (US), Forcepoint (US), Securonix (US), ObserveIT (US), Imperva (US), One Identity LLC. (US), LogRhythm, Inc. (US), and SolarWinds ULC (Canada) are the key players in the employee monitoring solution market.

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https://www.techsite.io/p/2039999

https://www.articletrunk.com/mobile-biometric-security-size-share-growth-rate-trends-analysis-future-scope-forecast-to-2025-4/