Employee services are a subset of employee benefits. Consider them to be like perks of the job. They are designed to attract new employees and install loyalty in existing employees. Employees will be held accountable for their output each day. This ensures that they’re motivated enough to produce results regularly.This growth is primarily driven by Increasing Number of Employees in the Private Sector
|Value Unit||Value (USD Million)|
|Key Companies in Study||ActivTrak (United States), Awareness Technologies (United States), BambooHR (United States), Controlio (United States), Draugiem Group (Latvia), Hubstaff (United States), InterGuard (United States), Prodoscore (United States), RingCentral (United States), SentryPC (Israel) and Teramind (United States)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Business Services sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Players, such as ActivTrak (United States), Awareness Technologies (United States), BambooHR (United States), Controlio (United States), Draugiem Group (Latvia), Hubstaff (United States), InterGuard (United States), Prodoscore (United States), RingCentral (United States), SentryPC (Israel) and Teramind (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, Prodoscore, an employee visibility, and productivity intelligence solution, recently announced a new integration with leading enterprise cloud communications provider, RingCentral. Leveraging the open APIs available from RingCentral, Prodoscore can support companies using RingCentral’s platform with analytics and data on their usage. The Prodoscore technology helps managers to provide better support, guidance, and feedback towards productivity and performance.
In 2021, ActivTrak and Google Cloud will deliver workforce analytics solutions to help enterprises around the world optimize productivity and empower employees to work smarter as part of their new partnership. and In 2021, BambooHR announced a partnership with Remote. The partnership will integrate employee data from BambooHR to Remote automatically, saving HR teams time during the hiring and onboarding process.The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet high market share, and develop socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, new product launches, product enhancements, and others.
- Increasing Number of Employees in the Private Sector
- Increased Awareness and Implementation of Employer Services to Boost Productivity and Analyze Employee Performance
- Emphasizing On Integration of Wearable Technology, Gamification Programs, and Mobile Applications
- Growing Popularity of Cloud-based Hybrid Model and Integration of AI and Machine Learning in the Software
- High Cost of Software Upgradation and Rising Privacy Concern
Growing Focus on Employee Retention and Emerging New Norm of Remote and Hybrid Working Across the Globe
Limited Features and Support to the Various Platform
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Employer Services Study Sheds Light on
The Employer Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Employer Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Employer Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.