Visitor Management System Market Size, Trend Analysis, Share, Competitive Analysis, And Forecast To 2033

The visitor management system market size has grown rapidly in recent years. It will grow from $1.61 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 16.3%. The growth in the historic period can be attributed to heightened security needs, regulatory compliance requirements, changing business practices, industry-specific adoption patterns, demand for efficiency and cost reduction.

The visitor management system market size is expected to see rapid growth in the next few years. It will grow to $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to advancements in artificial intelligence (AI) and machine learning (ML), integration with internet of things (IoT) devices, increasing emphasis on touchless solutions due to the COVID-19 pandemic, growing demand for data analytics and actionable insights, expansion of remote work and hybrid work models. Major trends in the forecast period include continued shift towards cloud-based visitor management solutions, increased adoption of mobile-based visitor management apps, integration of health screening and contact tracing features, emphasis on sustainability and eco-friendly visitor management practices, expansion of ai-driven personalization and automation in visitor experiences.

Market Overview -
The visitor management system is a software-based application designed to efficiently and securely track, monitor, and manage the entry and exit of visitors within a facility, providing enhanced security, regulatory compliance, and administrative control. It is a crucial component of modern facility management and security operations to improve efficiency and provide valuable insights into visitor traffic and behavior.

Download Free Sample of Report -

https://www.thebusinessresearchcompany.com/sample.aspx?id=14819&type=smp

IoT And AI Fuel Growth In Visitor Management Systems Market
The acceleration in IoT and AI adoption is expected to propel the growth of the visitor management system market going forward. The Internet of Things (IoT) refers to a network of interconnected devices communicating and sharing data, enabling them to work together seamlessly. Artificial intelligence (AI) encompasses creating computer systems capable of executing tasks that typically demand human intelligence. The increasing demand for real-time data analysis and connectivity accelerates IoT and AI adoption across industries. The integration of IoT in visitor management systems allows for enhanced connectivity and communication between various devices and sensors. Smart sensors can be deployed at entry points, providing real-time data on visitor movements, occupancy levels, and other relevant information. This connectivity improves the overall efficiency and accuracy of the visitor management process. For instance, according to the GSM Association, a UK-based non-profit industry organization, the global IoT connections are expected to surge to 23.3 billion by 2025, an increase from the 15.1 billion connections recorded in 2021. Moreover, according to the International Business Machines Corporation (IBM), a US-based technology company, 35% of businesses worldwide used artificial intelligence (AI) in 2022, an increase of 4% from 2021. Therefore, the acceleration of IoT and AI is driving the growth of the visitor management system market.

Competitive Landscape -
Major companies operating in the visitor management system market are Honeywell International Inc., Pitney Bowes Inc., MRI Software LLC, Verkada Inc., Parabit Systems Inc., Raptor Technologies LLC, SmartSpace Software PLC, Modern Receptionist, Qminder Inc., Tactic, piLOBI, Eptura Ltd., AlertEnterprise Inc., Proxyclick NV, OfficeSpace Software Inc., iLobby Inc., SwipedOn, Veristream LLC, Veris, Mantra SoftechIndia Pvt. Ltd., Building Intelligence Inc., Carson Living Inc., ALICE Receptionist

Integration Of Biometric Identification In Visitor Management Systems
Major companies operating in the visitor management system market are developing advanced solutions, such as NCheck Visitor Management System (VMS), to gain a competitive edge in the market. NCheck Visitor Management System (VMS) is the automated recognition and authentication of individuals based on unique biological traits or behavioral characteristics, such as fingerprints, facial features, iris patterns, voice, or gait, often used for security, access control, or identification purposes. Implementing biometric identification enhances security and efficiency in visitor management systems. For instance, in November 2022, Neurotechnology, a Lithuania-based software company, launched the NCheck Visitor Management System (VMS), offering seamless integration of biometric identification from live video feeds. It promises heightened security and efficiency for managing appointments and access in various settings, including public and private buildings, healthcare facilities, campuses, and more. With its touchless check-in process and robust features such as support for multiple biometric modalities and presentation attack detection, NCheck VMS caters to the demands of modern visitor management, ensuring both safety and convenience.

Browse Full Report @

https://www.thebusinessresearchcompany.com/report/visitor-management-system-global-market-report

Key Segments -

The visitor management system market covered in this report is segmented -

1) By Offering: Software, Services
2) By Enterprise Size: Large enterprise, Small And Medium-sized Enterprises (SMEs)
3) By Application: Security Management, Historical Visitor Tracking, Compliance Management And Fraud Detection, Parking Management, Meeting Room Management, Contact Tracing, Other Applications
4) By End User: Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunication, Defense And Aerospace, Government, Education, Retail, Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.