Global Visitor management systems Market Is Likely To Grow At A CAGR Value Of Around 16.3% By 2028

09-May-2022 | Zion Market Research

The global visitor management systems market was worth around USD 984.1 million in 2021 and is estimated to grow to about USD 2435.1 million by 2028, with a compound annual growth rate (CAGR) of approximately 16.3 percent over the forecast period. The report analyzes the visitor management systems market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the visitor management systems market

Visitor management systems are crucial to identify the number and nature of visitors that are frequent in an infrastructural setting. Increasing demand for remote solutions due to the emergence of the COVID-19 pandemic is also anticipated to boost visitor management systems market potential over the forecast period. Increasing focus on security amidst the rising security threats will also further boost the demand for visitor management systems on a global scale.

Increasing technological proliferation, rising digitization, and changing regulatory norms for compliance are also anticipated to shape the visitor management systems market potential through 2028. The rising focus on security amidst the changing world landscape will also foster demand for other infrastructure management systems and will have a positive impact on the visitor management systems market growth through 2028.

However, different vis policies across multiple regions and industries are expected to hamper the visitor management systems market potential in the long run and this trend is expected to slow down growth. Different compliance regulations across the world will also restrain the adoption of visitor management systems on a major scale. Visitor management systems companies are focusing on creating a standardized infrastructure in order to create a more effective business model that is free from these restraints.

The pandemic of 2020 led to a boost in the adoption of certain visitor management systems while it also hampered the visitor management systems market potential to a certain extent. The lockdown restrictions compelled social distancing and restricted activity which also impacted the visitor management systems market growth.

Global Visitor management systems Market

The visitor management systems market is anticipated to make swift progress in the post-pandemic era owing to rising demand for better and advanced visitor management solutions that are still compliant with the social distancing norms that will be prevalent after the lifting of lockdown restrictions.

The global visitor management systems market is segregated based on component, deployment mode, organization size, application, vertical, and region. Based on application, the global market is distinguished into Historical visitor tracking, Compliance management, and fraud detection, Security management, Parking management, Meeting room management, and contact tracing. The Compliance management and fraud detection segment will hold a dominant outlook over the forecast period owing to rising instances of fraud across the world.

The North American visitor management systems market is expected to be the most lucrative industry in the global landscape owing to rising technological proliferation in this region. High adoption of novel technologies in this region will majorly boost the visitor management systems market potential over the forecast period. Increasing focus on security, rapid adoption of new technologies, and increasing automation in security are other trends that drive market growth in this region over the forecast period. The United States will be the most lucrative market in this region owing to the presence of key visitor management systems companies.

Key players functioning in the global visitor management systems market include Honeywell (US), Pitney Bowes (US), Envoy (US), Proxyclick (Belgium), SmartSpace Software Plc (UK), AlertEnterprise (US), iLobby (Canada), Qminder (UK), InVentry (England), Genetec (Canada), Jolly Technologies (US), MRI Software (US), Parabit Systems (US), Veristream (US), Vuetura (US), Asiatact (Singapore), Splan(US), Greetly (US), HID Global (US), Vizmo (India), Traction Guest (Canada), VersionX (India), Veris (India), Visitorz.io (India), Heptagon Technologies (India), piLOBI (UAE), Visitly (US), Carson Living (US), and Wellcome.me (Australia)

Recent developments:

  • In July 2021, Pitney Bowes a leading name in the visitor management systems marketplace announced the launch of new Cross-Border Services that will be focused on helping e-commerce customers from large to small enterprises alike to grow their business on an international scale without security hesitations.

Browse the full Visitor management system Market By Component (Software, Services, Professional Services, Consulting, Deployment and integration, Support and maintenance, Managed Services), By Deployment mode (Cloud, On-premises), By Organization size (Large enterprises, Small and medium-sized enterprises (SMEs)), By Application (Historical visitor tracking, Compliance management and fraud detection, Security management, Parking management, Meeting room management, Contact tracing), By Vertical (Banking, Financial Services, and Insurance, Healthcare and life sciences, Telecom and IT, Retail and consumer goods, Manufacturing, Travel and hospitality, Government and public sector, Transportation and logistics, Energy and utilities, Others (media and entertainment, education, research, and real estate)) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028 Report at https://www.zionmarketresearch.com/report/visitor-management-system-market

Global visitor management system market is segmented as follows:

By Component

  • Software
  • Services
  • Professional Services
  • Consulting
  • Deployment and integration
  • Support and maintenance
  • Managed Services

By Deployment mode

  • Cloud
  • On-premises

By Organization size

  • Large enterprises
  • Small and medium-sized enterprises (SMEs)

By Application

  • Historical visitor tracking
  • Compliance management and fraud detection
  • Security management
  • Parking management
  • Meeting room management
  • Contact tracing

By Verticals

  • Banking, Financial Services, and Insurance
  • Healthcare and life sciences
  • Telecom and it
  • Retail and consumer goods
  • Manufacturing
  • Travel and hospitality
  • Government and public sector
  • Transportation and logistics
  • Energy and utilities
  • Others (media and entertainment, education, research, and real estate)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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