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.
Visitor Management System Market Overview:
The market research study analyses and assesses the Visitor Management System Market position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.
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Visitor Management System Market Scope:
Using both primary and secondary research approaches, we researched the Visitor Management System Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Visitor Management System Market Segmentation:
The market for visitor management systems is further divided into segments based on component, including software, services, professional services, consulting, deployment and integration, support and maintenance, and managed services.
12.8% of the market was occupied by the software sector in 2021. One of the key reasons for the market’s explosive growth is a change from optional to obligatory product usage, especially in the wake of the COVID-19 pandemic outbreak. The need for social distancing solutions, such visitor management systems, has developed as people’s awareness of personal hygiene and attention to maintaining the working environment has grown in diverse geographic locations.
The worldwide visitor management system market is further divided into two deployment types: cloud and on-premises. In 2021, the cloud segment had a market share of more than 63.0%. As a result of the software’s created data being stored in the cloud, it is more quickly available, has access to automatic upgrades, and has fewer IT costs. Your IT systems may cost less to administer and maintain if you use cloud computing.
The global visitor management system market is divided into the following vertical markets: 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; and others, among others.
The market for visitor management systems is divided into historical visitor tracking, compliance management, security management, parking management, meeting room management, and contact tracing on the basis of application. 12.8% of the market was occupied by the compliance management category in 2021. Major problems have been brought about by rising frauds and crimes across a variety of industries, including banking, finance, telecommunications, and information technology. Modern visitor management software helps every area of compliance management and fraud detection, from transactions and securities to risk analytics, by integrating it with advanced electronic protection, video surveillance, biometric recognition, and database control. This leads to a higher growth of compliance management and fraud detection in the market.
Market Size (Value) Estimates & Forecast By Component, 2021-2029
1. Software
2. Services
3. Professional Services
4. Consulting
5. Deployment and integration
6. Support and maintenance
7. Managed Services
Market Size (Value) Estimates & Forecast By Deployment, 2021-2029
1. Cloud
2. On-premises
Market Size (Value) Estimates & Forecast By Organization size, 2021-2029
1. Large enterprises
2. Small and medium-sized enterprises
Market Size (Value) Estimates & Forecast By Application, 2021-2029
1. Historical visitor tracking
2. Compliance management
3. Security management
4. Parking management
5. Meeting room management
6. Contact tracing
Market Size (Value) Estimates & Forecast By vertical, 2021-2029
1. Banking, Financial Services, and Insurance
2. Healthcare and life sciences
3. Telecom and it
4. Retail and ecommerce
5. Manufacturing
6. Travel and hospitality
7. Government and public sector
8. Transportation and logistics
9. Energy and utilities
10. Others
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Visitor Management System Market Key Players:
The report also focuses on the global main industry players in the Visitor Management System Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent Visitor Management System market businesses and ranks them in the market. The following players are featured in this report:
• 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
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Regional Analysis:
The Visitor Management System market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis on Visitor Management System Market:
The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the Visitor Management System Market Report are:
- What are some of the promising growth opportunities in the global Visitor Management System market by product type and Region?
- Which Visitor Management System market segments will grow the fastest, and why?
- Which regions will develop quicker?
- What are the elements influencing Visitor Management System market?
- What are the Visitor Management System market’s business risks?
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