Analysis and Forecasts by Offering (Solution, and Service), Enterprise Size (Small & Medium Enterprise, and Large Enterprise), Industry Vertical (BFSI, Government, IT & Telecom, Manufacturing, Retail, and Others)
No. of Pages:124
Report Code:
TIPRE00007117
Category:
Technology, Media and Telecommunications
Asia-Pacific's employee monitoring solution market is expected to grow from US$ 237.01 Mn in 2018 to US$ 491.94 Mn by the year 2027. This represents a CAGR of 8.6% from the year 2018 to 2027.
Employee monitoring solutions are also used as a surveillance tool by organizations to track- employee email, phone activity, browsing history, and time spent on social media, overall internet activity, and remote device access. Companies related to BFSI, IT, and telecom, the Government sector are more exposed to the risk of insider attacks as they handle sensitive data such as trade secrets, IP, customer and employee data, and more. The financial services industry has the highest exposure to a cyber-breach and insider misuse, followed by the consumer, retail and wholesale, consumer, retail and wholesale, and power and utilities. Thus organizations adopt employee monitoring solutions to gain early signs of insider threats and avoid the data leaks.
Social media is used in businesses for communication and marketing purposes. However, uncontrolled access can harm the productivity of the organization. Also, the employees can accidentally share sensitive information on these platforms. Social media platforms are also used by hackers and scammer for phishing and other exploitation attacks. Thus, to avoid the insider attacks and prevent enterprise resource allocation organizations are adopting employee monitoring solutions which are driving the growth of this market.
Currently, India is dominating the employee monitoring solution market in terms of adoption, which in turn boost the demand for employee monitoring solution market. India is among the fastest-growing economies in APAC, and the country is a hub of IT companies and small manufacturing companies. The presence of some of the large IT firms in India, such as TCS, Infosys, Wipro, and Cognizant, and their preference for improving efficiency and gaining better visibility of the organization is fueling the growth of employee monitoring solutions in the region. Additionally, the government of India is strongly emphasizing on attracting FDI for the development of various sectors in the country. The figure is given below highlights the revenue share of the Rest of Asia-Pacific in the Asia-Pacific employee monitoring solution market in the forecast period:
Exhibit: Rest of Asia-Pacific in Asia-Pacific Employee Monitoring Solution Market Revenue and Forecasts to 2027 (US$ Mn)
How big is the Asia Pacific Employee Monitoring Solution Market?
The Asia Pacific Employee Monitoring Solution Market is valued at US$ 237.01 Million in 2018, it is projected to reach US$ 491.94 Million by 2027.
What is the CAGR for Asia Pacific Employee Monitoring Solution Market by (2018 - 2027)?
As per our report Asia Pacific Employee Monitoring Solution Market, the market size is valued at US$ 237.01 Million in 2018, projecting it to reach US$ 491.94 Million by 2027. This translates to a CAGR of approximately 8.6% during the forecast period.
What segments are covered in this report?
The Asia Pacific Employee Monitoring Solution Market report typically cover these key segments-
Offering (Solution, Service)
Enterprise Size (Small & Medium Enterprise, Large Enterprise)
Industry Vertical (BFSI, Government, IT & Telecom, Manufacturing, Retail)
What is the historic period, base year, and forecast period taken for Asia Pacific Employee Monitoring Solution Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Employee Monitoring Solution Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Asia Pacific Employee Monitoring Solution Market?
The Asia Pacific Employee Monitoring Solution Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Ekran Systems, Inc.
EmpMonitor
Fairtrack
iMonitor Software
Intego
Pilixo
SentryPC
StaffCop
Teramind, Inc.
Veriato
Who should buy this report?
The Asia Pacific Employee Monitoring Solution Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific Employee Monitoring Solution Market value chain can benefit from the information contained in a comprehensive market report.
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