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Wednesday, April 21, 2021

Cloud Services Brokerage Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

Global Cloud Services Brokerage Market Research Report: by Service (Security and Compliance, Training and Consulting, Support and Maintenance, Workload Management, Operations Management, Reporting and Analytics, Catalogue Management), Platform (Internal Brokerage Enablement, External Brokerage Enablement), Organization Size (Large Enterprise, Small and Medium-Sized Enterprise), Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), Vertical (Banking, Financial Services and Insurance; IT and Telecommunications, Healthcare and Life Sciences, Government and Public Sector, Retail and Consumer Goods, Energy and Utilities, Manufacturing, Media and Entertainment and others), Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

Overview

Market Research Future (MRFR) reveals in its latest study that the cloud services brokerage (CSB) market 2020 can advance at a rate of 16.4% from 2020 to 2027 (review period). The study also confirms that the market can expand to a size of USD 14.83 billion by 2027. We will provide covid-19 impact analysis with the report, offering an extensive market evaluation post the coronavirus disease outbreak.

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Key Drivers and Top Barriers

The novel coronavirus has compelled a huge number of IT enterprises to take up the work from home model after the imposition of the lockdown across nations. The situation has boosted the demand for cloud services across the world; with digital tool providers such as Zoom and Microsoft observing significant uptick in the deployment across Italy, the US and China due to the SARS-CoV-2 outbreak. As a result, experts believe that the demand for cloud services as well as the expenditure on communications equipment, telecom services and specialized software can boom during these uncertain times. The pandemic has also led to higher spending on those working remotely along with the educators with the surge in the work from home model and online courses trending across the education industry.

With the dearth in on-site IT professionals due to the lockdown, companies are progressively adopting cloud capabilities to maintain, monitor and check their storage and server installations within the data centers. Therefore, the COVID-19 has enhanced the use of cloud services to facilitate disaster-averse and stronger systems that are accessible to the remote workforce while safeguarding the data integrity. In a nutshell, the surge in the deployment of multi-cloud management and hybrid IT can be a major booster in the cloud services brokerage market. Also, following the COVID-19 impact on the IT sector, the increasing requirement for cost-effective and better quality brokerage solutions can benefit the worldwide market.

Most of the leading competitors prefer product development and partnerships to solidify their market position, while catering to the companies across different verticals. To illustrate, in June 2020, Trustology, a Crypto custody solutions provider entered a partnership with GCEX, an OTC broker to develop a secure and reliant liquidity network for digital asset trading, to meet with the demands of their client base that includes high-net-worth professionals, brokers and institutional investors. The partnership is expected to enable the clients to finish various transactions quickly, but with better security.

Market Segmentation

The Cloud Services Broker Market has been considered for service, platform, organization size, deployment and vertical.

The services-based sections are training and consulting, security and compliance, workload management, support and maintenance, reporting and analytics, catalog management and operations management.

The platforms studied in the report are external brokerage enablement as well as internal brokerage enablement.

The ranges of the organization size covered in the market study include small- and medium-sized enterprise/SME along with large enterprise.

The deployment models examined in the research are private cloud, hybrid cloud and public cloud.

The vertical-dependent market segmentation comprises BFSI/banking, financial services, and insurance, media and entertainment, manufacturing, healthcare and life sciences, energy and utilities, retail and consumer goods, government and public sector, IT and telecommunication, and more.

Key Players

Some of the top contenders in the cloud services brokerage industry include Atos (France), NEC Corporation (Japan), BT (UK), Infosys (India), Arrow Electronics (US), IBM Corporation (US), ActivePlatform (US), Wipro (India), DXC Technology (US), CloudFX (Singapore), Fujitsu (Japan), Cognizant (US), BitTitan (US), Accenture (Ireland), Capgemini (France), and more.

Some more competitors in the global industry are identified as Progressive Infotech (India), Neostratus Zrt (Hungary), CLOUDREACH (UK), Pax8 (US), Tech Mahindra (India), Proximitum (UK), NTT DATA (Japan), to name a few.

Regional Analysis

The geographical dissection of the CSB market covers South America, Europe, North America, APAC/Asia Pacific and the Middle East and Africa/MEA.

MRFR’s evaluations confirm that North America is the highest revenue generating market, as a result of the increasing adoption of CSB solutions among enterprises in line with the rising use of multi-cloud and hybrid IT management solutions. The regional market is headed by the US, given the country’s lead in the technological world as well as the high prevalence of the cloud technology. Also, the surge in mobile workforce post COVID-19 outbreak along with the mounting demand for disaster security and recovery to prevent high costs related to network downtime can boost the uptake of cloud managed services and ultimately cloud services brokerage solutions in the region.

Europe can be the second biggest gainer in the global market, thanks to the high demand for Software-as-a-Service (SaaS), Platform as a Service (PaaS), Infrastructure-as-a-Service (IaaS), and pay-as-you-go pricing model.

The APAC market is presumed to attain the fastest expansion rate in the ensuing years, mostly due to the escalating number of IT start-ups in India and China. Also, with the accelerated consumption of cloud-based services and solutions, the regional market can demonstrate strong growth over the next few years. The vast investments on the development of the telecom infrastructure and the focus on offering better bandwidth to the consumers also induces growth of the cloud services brokerage market in the region.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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https://www.techsite.io/p/2128874

Dark Analytics Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

Global Dark Analytics Market Research Report, by Component (Solution, Services), by Deployment (On-Cloud, On-Premise), by Application (Operations, Finance, Human Resource, Marketing), by Industry Vertical (IT and Telecommunication, BFSI, Retail and e-commerce, Government, Healthcare, Media and Entertainment, others) - Global Forecast till 2027

Market Highlights

The dark analytics market is anticipated to grow by US$880.50 Million by 2027 rapidly growing at a CAGR of 25.08% during the forecast period. The global dark analytics market is driven by rising adoption of IoT across various industry verticals as well as advancement in technologies. These factors have helped shape the dark analytics market and are expected to boost the growth. Companies in the dark analytics market could also face challenges such as shortage of skilled human resource along with non-uniformity of the gathered data. The details covered in the dark analytics market report cover all the aspects of the industry. Analysts studying the dark analytics market have also shared growth projections in the report and have suggested dark analytics market players to plan business strategies accordingly.

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Segment Analysis

The global dark analytics market has been segmented based on application, deployment, industry vertical, and component. On the basis of application, the market for dark analytics is segmented based on marketing, finance, human resource, and operations. Additionally, the market on the basis of deployment, is segmented into on-cloud and on-premise. The global market for dark analytics is also covered based on industry vertical segment which is further split into BFSI, IT and telecommunication, government retail and e-commerce, healthcare, media and entertainment, and others. On the basis of components, the market for dark analytics is segmented based on solutions and services.

Factors like better decision making to offer enhanced user experience, focus on the unstructured information and increasing adoption of artificial intelligence and machine learning support the dark analytics market growth. The performance of the dark analytics market has also been studied for the past and current years. Additionally, the dark analytics market report provides analysis of these segments. The dark analytics market segmental analysis provided in the report offers major details about the dark analytics market based on the data and forecasts till 2027.

Regional Overview

Companies in the dark analytics market are spread across the world. The dark analytics market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American dark analytics market has many companies across the United States, Canada, and Mexico. The dark analytics market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the dark analytics market can be found in the market research report. Europe has companies in the dark analytics market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the dark analytics market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Competitive Landscape

The dark analytics market is supported by technological invention and an early adoption of technology, research and development activities, and compliance and legal policies concerning data security. The population growth around the world and increasing demand of dark analytics market based services and products also support the market growth. However, the dark analytics market growth can be affected due to lack of skilled expertise. The report covers all such details which will help companies in the dark analytics market to strengthen their business plan and improve their product portfolio. The dark analytics market research report also provides company profiles of major companies. The company profiles of many organizations operating in the dark analytics market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the dark analytics market. New companies and established businesses can plan their strategies based on this data provided in the dark analytics market research report.

Industry News

The compromise on the SolarWinds supply chain won't be the last of its kind. To find the next such attack, vendors and businesses alike must learn and refine their detection efforts. Although research and analysis of the recently discovered SolarWinds hack is still ongoing, it is already clear that the scope is extensive, and it is likely that the full impact will prove devastating. To recap, last month FireEye discovered what it described as a "global intrusion campaign" perpetrated via malicious, trojanized updates to the management software of SolarWinds' Orion network.

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https://www.articletrunk.com/cloud-based-contact-centre-market-outlook-and-future-scope-analysis-and-forecast-till-2027/

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Private LTE Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2027

Global Private LTE Market Research Report: by Technology (TDD and FDD), by Services (Professional Services and Managed Services), by Professional Services (Consulting Services, Support and Maintenance Services and Integration and Deployment Services), by Spectrum Band (MulteFire, CBRS and LAA), by Application (Worker Safety Monitoring and Remote Diagnostics & Predictive Maintenance) and Region (North America, Asia-Pacific, Europe, the Middle East and Africa and South America) - Forecast till 2027

Market Overview

The private LTE market is projected to grow at a CAGR of 14.7% during the forecast period. As per the private LTE market research report, the global market for private LTE is projected to grow swiftly by US$5,381.9 million by 2027. According to analysts, the growing demand for unique and defined network qualities as well as deployment of private LTE networks will drive the market growth during the forecast period. The private LTE market research report offers a comprehensive analysis of the global private LTE market and its application, industry vertical, services, spectrum band, and technology segments. The lack of spectrum availability along with high cost of deployment are the elements that could influence the private LTE market advancement throughout the forecast period. The private LTE market research report by expert analysts is developed to assist organizations in the private LTE market.

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Market Segmentation

The global private LTE market has been segmented based on application, industry vertical, services, spectrum band, and technology. On the basis of application, the market for private LTE is segmented based on asset management and uptime assurance, authentication and access control, logistics and supply chain management, operations visibility and optimization, remote diagnostics and predictive maintenance, worker safety monitoring, and real-time surveillance. Additionally, the market on the basis of industry vertical, is segmented into defense, government, healthcare, industrial manufacturing, oil & gas, utilities and power, and mining. The global market for private LTE is also covered based on services segment which is further split into professional services and managed services. On the basis of spectrum band, the market for private LTE is segmented based on Citizens Broadband Radio Service (CBRS), Licensed-Assisted Access (LAA), MulteFire, and Licensed Shared Access (LSA). Additionally, the market on the basis of technology, is segmented into time division duplex (TDD) and frequency division duplex (FDD).

Major elements such as budget restrictions could obstruct the private LTE market growth. However, according to the private LTE market research report, adoption of LTE technology along with emergence of 5G will propel growth throughout the forecast period. The private LTE market is set to register growth at a high CAGR owing to these key factors. The exploration of application, industry vertical, services, spectrum band, and technology segments along with regional markets has been given in the global private LTE market research report. The research analysts studying the private LTE market have put out market forecasts in the private LTE market research report in order to support private LTE market-based companies. The private LTE market research report provides an extensive understanding of the private LTE market based on the information and forecasts till 2027.

Key Players

Use of LTE technology in smart cities and demand from public safety agencies are presumed to drive the private LTE market growth worldwide. The global private LTE market could be challenged by complex deployment, nevertheless, organizations in the private LTE market will carry the growth rate forward. The private LTE market research report presents company profiles of major companies active in the private LTE market globally. Furthermore, the global private LTE market report offers an all-inclusive analysis of the market collected from the private LTE market’s primary and secondary sources covering both decision makers and thought leaders. The private LTE market research report highlights such key areas assisting businesses operating in the private LTE market to build better growth strategies.

Regional Analysis

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for private LTE are predominantly covered in the global private LTE market research report. Country-level private LTE markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level private LTE markets are covered in the report. In Asia-Pacific (APAC) region, the country-level private LTE markets covered are Japan, India, China, and others. The private LTE market research report also explores the regional market for private LTE present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The private LTE market research report also covers regional markets from the rest of the world alongside private LTE markets of Africa and the Middle East.

Industry News

Private wireless networks will generate opportunities for many businesses and solve technological challenges, but they are not likely to go to the market to pursue private wireless solutions at the present time. Organizations need technology to accomplish business goals and frequently search for innovations and solutions from trustworthy device integrators. Integrators who realize the promise of private wireless networks begin to create partnerships with suppliers of equipment that can supply them.

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Active Network Management Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2027

Global Active Network Management Market Research Report: By Component (Software and Services), Organization Size, and Application (Power Generation, Power Grid and Transmission, Oil and Gas, and Water Treatment and Distribution)—Forecast till 2027

Market Overview

The active network management market is anticipated to grow by US$1,583.4 million by 2027 rapidly growing at a CAGR of 16.8% during the forecast period. The global active network management market is driven by increasing demand for management of power supply and the rising need to avoid overloading of power grids. These factors have helped shape the active network management market and are expected to boost the growth. Companies in the active network management market could also face challenges such as lack of awareness about ANM and high initial investment. The details covered in the active network management market report cover all the aspects of the industry. Analysts studying the active network management market have also shared growth projections in the report and have suggested active network management market players to plan business strategies accordingly.

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Market Segmentation

The global active network management market has been segmented based on components, organization size, and applications. On the basis of components, the market for active network management is segmented based on software and services. Additionally, the market on the basis of applications, is segmented into water treatment and distribution, oil and gas, power grid and transmission, and power generation. The global market for active network management is also covered based on organization size segment which is further split into small and.

Factors like development of smart grids around the world and growing adoption of ANM support the active network management market growth. The performance of the active network management market has also been studied for the past and current years. Additionally, the active network management market report provides analysis of these segments. The active network management market segmental analysis provided in the report offers major details about the active network management market based on the data and forecasts till 2027.

Regional Insight

Companies in the active network management market are spread across the world. The active network management market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American active network management market has many companies across the United States, Canada, and Mexico. The active network management market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the active network management market can be found in the market research report. Europe has companies in the active network management market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the active network management market across India, China, and Japan in the Asia-Pacific region is also presented in the report.

Top Contenders

The active network management market is supported by smart grid projects and growing investment pockets across the market. The population growth around the world and increasing demand of active network management market based services and products also support the market growth. However, the active network management market growth can be affected due to lack of skilled human resource. The report covers all such details which will help companies in the active network management market to strengthen their business plan and improve their product portfolio. The active network management market research report also provides company profiles of major companies. The company profiles of many organizations operating in the active network management market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the active network management market. New companies and established businesses can plan their strategies based on this data provided in the active network management market research report.

Industry News

In a strategic move from Active Interest Media, Growth Driver Partners, a middle-market private equity company, bought The Equine Network. GCP associates with the core leadership team of Equine Network, including Tom Winsor, who might become President and CEO, and Andy Clurman, new CEO of Active Interest Media, who may become Equine Network's Executive Chairman.

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https://www.techsite.io/p/2128891

Personal and Entry Level Storage (PELS) Market Competitive Dynamics, Size, Share and Global Outlook by forecast 2027

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 2027

Market Highlights:

The personal & entry level storage market is predicted to touch USD 94.63 billion at a 25.5% CAGR between 2020- 2027 states the recent Market Research Future (MRFR) analysis. The personal and entry level storage, simply put, is the use of technology for retaining and storing data through PCs or other gadgets. The storage of data is crucial and businesses & consumers depend on it for preserving information varying from business-critical information to personal photos.

Various factors are propelling the global personal and entry level storage market share. As per the current MRFR report, such factors include low cost, increasing use of tablets, laptops, and smartphones that has boosted the amount of data generated, technological advances such as 5G and IPV6, the rising volume of digital data, growing need for data backup, and demand for data analytics with machine learning (ML) & artificial intelligence (AI).

On the contrary, increased carbon footprint owing to no green data center solutions for storage, concerns about privacy and security, and the COVID-19 impact are factors that may limit the global personal and entry level storage (PELS) market growth over the forecast period.

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Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global personal and entry level storage market based on vertical, technology, storage system, and product.

By component, the global personal and entry level storage market is segmented into non-cloud storage and cloud-based storage. Of these, the non-cloud storage will lead the market over the forecast period.

By storage system, the global personal and entry level storage market is segmented into software-defined storage (SDS), unified storage, network-attached storage (NAS), cloud storage, and direct-attached. Of these, the NAS segment will dominate the market over the forecast period while the cloud storage segment is predicted to grow at a high CAGR.

By technology, the global personal and entry level storage market is segmented into solid-state storage and magnetic storage. Of these, the solid-state storage segment is predicted to have a major share over the forecast period.

By vertical, the global personal and entry level storage market is segmented into business and consulting, manufacturing, media and entertainment, education and research, government and defense, utilities, healthcare and life science, telecommunications and IT, consumer goods and retail, financial services and insurance (BFSI), banking, and others. Of these, the media and entertainment segment will have a major share in the market over the forecast period and the healthcare segment will grow at the highest CAGR.

Regional Analysis:

Based on region, the personal and entry level storage market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. The presence of several personal and entry level providers is adding to the global personal and entry level storage market growth in the region. The US has the maximum share in the market but is likely to face some challenges to boost their total carbon footprint owing to a shortage of eco-friendly storage solutions.

The personal & entry level storage market in Europe is predicted to hold the second-largest share over the forecast period. High internet reach is leading in excess volume of digital data generation that is boosting the personal and entry level storage market growth in the region. The UK and France have a maximum share in the market.

The personal & entry level storage market in the APAC region is predicted to grow at a fast pace over the forecast period. Increasing adoption in South Korea, India, Singapore, China, and Japan is adding to the personal and entry level storage market growth in the region.

The global personal and entry level storage market in the MEA is predicted to have healthy growth over the forecast period. Affordable cost, the high volume of digital data, and increasing internet penetration are adding to the personal and entry level market growth in the region. Besides, these regions are predicted to provide vendors with ample opportunities as most countries have not adopted personal and entry level storage yet.

Key Players:

Key players profiled in the global personal and entry level storage market report include Symantec Corporation (US), Seagate Technology (US), Western Digital Corporation (US), Cisco Systems, Inc. (US), Scality, Inc. (US), Simplivity Corp. (US), Tintri, Inc. (US), Nutanix, Inc. (US), Pure Storage, Inc. (US), Toshiba Corporation (Japan), IBM Corporation (US), Hitachi Ltd. (Japan), NetApp, Inc. (US) , Hewlett Packard Enterprise (HPE) Company (US) , and Dell Inc. (US).

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Global Procurement Analytics Market Outlook and Future Scope Analysis and Forecast Till 2027

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 2027

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 2027, 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 Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2027

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 2027

Market Highlights

The employee monitoring solution market is witnessing constant revenue growth. Market growth attributes to the increasing number of enterprises adopting these solutions. Besides, the rising adoption of employee monitoring solutions across the BFSI, IT & telecom, and retail industries drive the growth of the market. Moreover, the rising demand for advanced solutions for enhanced control over employees escalates market growth.

According to Market Research Future (MRFR), the global employee monitoring solution market is expected to create a valuation of USD 3.84 BN by 2027, growing at 22.6% CAGR throughout the forecast period (2020–2027). Factors such as increasing investments by enterprises in deploying modern time tracking tools to increase employee productivity substantiate market growth.

Additionally, the augmenting demand for advanced solutions to collect & analyze the data that helps in better decision-making and increasing overall productivity boost the employee monitoring solution market size. The growing need for better workforce management solutions, alongside stringent regulatory compliances regarding access and security, propel the employee monitoring solution market share.

Furthermore, the increasing need among organizations to optimize employee productivity accelerates the global employee monitoring solution market growth. On the other hand, rising concerns regarding compromised employee privacy are the major factors projected to impede market growth. Rising adoption of employee monitoring solutions integrated with identity & access management (IAM) and security incident & event management (SIEM) would support market growth throughout the review period.

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Segmental Analysis

The market is segmented into seven dynamics;

By Component: Solutions and Services.

By Type : Standalone (productivity suite, project supervision and management, and surveillance suite) and Integrated.

By Deployment Mode: On-Premise and On-Cloud.

By Application: System Monitoring, Application Monitoring, File Monitoring, Network Monitoring, Database Monitoring, and others.

By Vertical : Banking, Financial Services & Insurance (BFSI), Retail, Government & Defense, Healthcare & Life Sciences, Energy & Utilities, Manufacturing, Telecommunication & IT, and others.

By Organization Size: Small and Medium-sized Enterprises (SMEs) and Large Enterprises.

By Regions : Europe, North America, APAC, and Rest-of-the-World.

Regional Analysis

North America dominates the global employee monitoring solution market. The largest market share attributes to the widespread adoption of employee monitoring solutions in rising numbers of enterprises. Besides, the rapid adoption of EMS across many technologically advanced industries, such as retail, BFSI, and IT & telecommunication, drives the employee monitoring solution market share in North America.

Moreover, the rising demand for advanced solutions for better management of resources substantiates the employee monitoring solution industry in the region. The increasing workforce in organizations and the early adoption of advanced technologies and innovations in HRM solutions High R&D investments in developing advanced solutions and high economic growth increase the market size.

Europe stands second in the global employee monitoring solution market. The market growth is driven by the increasing demand for employee monitoring solutions to optimize employee productivity. Additionally, the rising uptake of employee monitoring solutions and increasing business in the region create substantial market demand. The UK and Germany are emerging markets in the region, providing impetus to the regional market. The European employee monitoring solution market is expected to grow at a significant CAGR during the forecast period.

The Asia Pacific region also holds a sizable share in the global employee monitoring solution market. Factors such as rapidly growing corporate companies in the region and the rising adoption of cloud-based services boost the growth of the regional market. Moreover, growing government initiatives to foster digitalization positively impact the employee monitoring solution market size. Simultaneously, the increasing awareness about the benefits offered by employee monitoring solutions propels the regional market growth.

Key Players

Highly competitive, the employee monitoring solution market appears fragmented due to the presence of several notable players. To gain a larger competitive share, industry players initiate strategies such as mergers & acquisitions, collaboration, expansion, and technology launch. Market players make substantial investments to drive R & D activities and to expand the global footprints.

Major Players

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

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