Press release
Global Visitor Management System Market Soars, Anticipated Revenue of US$ 2440.8 Mn. by 2029
Visitor Management System Market
The Global Visitor Management System Market, valued at US$ 931.2 million in 2021, is set for significant growth, with an expected CAGR of 12.8% from 2021 to 2029. The market surge is attributed to the increasing need for fraud detection and enhanced security measures in various sectors.
Market Value: Visitor Management System Market size was valued at US$ 931.2 Mn. in 2021 and the total revenue is expected to grow at 12.8% through 2021 to 2029, reaching nearly US$ 2440.8 Mn.
Report Scope and Research Methodology:
The comprehensive report employs Porter's and PESTEL analysis to delve into the dynamics of the Visitor Management System Market. It provides stakeholders with a thorough understanding of key players, market trends, and future projections, offering valuable insights for decision-makers.
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Market Dynamics:
The market is driven by the rising demand for software-based security solutions, especially in industries with privacy concerns, such as legal and financial services. However, challenges related to data safety, security issues, implementation hurdles, and varied visitor policies pose restraints on market growth.
Recent Developments:
Several key players in the industry, including Pitney Bowes, Honeywell, Envoy, Proxyclick, and MRI Software, have introduced innovative solutions and acquisitions to enhance workplace safety and adapt to evolving work environments.
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Segment Analysis:
by Product
• Software
• Services
• Professional Services
• Consulting.
• Deployment and integration
• Support and maintenance
• Managed Services
The worldwide visitor management system market is divided into submarkets based on component types, including managed services, professional services, software, services, implementation and integration, and consulting.
In 2021, the software segment accounted for a sizeable 12.8% of the market. A primary factor contributing to the market's explosive growth is the change in product usage from optional to necessary, especially in the wake of the COVID-19 pandemic. The increasing focus on maintaining the work environment and growing awareness of personal hygiene have led to a demand for social distancing solutions, such visitor management systems, across different regions.
by Deployment Type
• Cloud
• On-Premises
The worldwide visitor management system market is divided into two segments based on deployment: cloud and on-premises. More than 63.0% of the market was accounted for by the cloud sector in 2021. The software generates data that is stored on the cloud, which makes it easier to access, allows for automatic upgrades, and reduces IT expenses. You may be able to cut costs by managing and maintaining your IT systems via cloud computing.
by Application
• Historical visitor tracking
• Compliance management
• Security management
• Parking management
• Meeting room management
• Contact tracing
by Organisation Size
• Large enterprises
• Small and medium-sized enterprises
by Vertical
•Banking, Financial Services, and Insurance
• Healthcare and life sciences
• Telecom and it
• Retail and ecommerce
• Manufacturing
• Travel and hospitality
• Government and public sector
• Transportation and logistics
• Energy and utilities
• Others
The global visitor management system market is further divided into the following vertical segments: manufacturing, travel and hospitality, government and public sector, banking, financial services, insurance, healthcare and life sciences, telecom and IT, retail and eCommerce, and others.
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Key Players
• Pitney Bowes
• Honeywell
• Envoy
• Proxyclick
• SmartSpace Software Plc
• AlertEnterprise
• iLobby
• Qminder
• InVentry
• Genetec
• Jolly Technologies
• MRI Software
• Parabit Systems
• Veristream
• Vuetura
• Asiatact
• Splan, Greetly
• HID Global
• Vizmo
• Traction Guest
• VersionX
• Veris
• Visitorz.io
• Heptagon Technologies
• piLOBI
• Visitly
• Carson Living
• Wellcome.me
Regional Insights:
Asia Pacific emerges as the market leader, capturing the largest share of 12.8% in 2021. The region's adoption of Visitor Management Systems is driven by commercialization of AI and IoT technologies, coupled with a growing need for advanced security
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Table of content for the Visitor Management System Market includes:
Part 01: Executive Summary
Part 02: Scope of the Visitor Management System Market Report
Part 03: Global Visitor Management System Market Landscape
Part 04: Global Visitor Management System Market Sizing
Part 05: Global Visitor Management System Market Segmentation
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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