Visitor Management System Market is expected to reach US$ 4.4 Bn by 2031

Due to the growing demand for visitor tracking in various companies, the market for visitor management systems is anticipated to expand. The advantages of visitor management solutions include improved traceability, the replacement of paper records with live applications, and the simplification of visitor registration, reporting, and monitoring. According to a recent analysis by Future Market Insights, the visitor management market would generate US$4.4 billion by 2031.

Future Market Insights (FMI), a market research and consultancy organisation with ESOMAR certification, provides information about the main variables influencing the demand for visitor management systems in its latest study. In addition to examining the effect COVID-19 has had in general on the visitor management system market, the research tracks the global sales of visitor management systems in 20+ high-growth markets.

A visitor management system (VMS) is a software application that allows organizations to track and manage visitors to their facilities. VMS systems can be used to automate the visitor check-in process, issue visitor badges, and monitor visitor activity while they are on site. The visitor management system market refers to the market for these software solutions.

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The VMS market is driven by the need for enhanced security and visitor tracking capabilities in various industries, including healthcare, education, government, and corporate. These systems are used to improve the visitor experience by streamlining the check-in process and reducing wait times. They also help organizations to better manage their facilities by providing real-time data on visitor traffic, which can be used to optimize staffing and resource allocation.

The VMS market is expected to grow significantly in the coming years, driven by the increasing adoption of these systems by organizations of all sizes. Key players in this market include Proxyclick, Traction Guest, SwipedOn, iLobby, and Veristream, among others. Other players in this market include large technology companies like Honeywell and HID Global, which offer VMS solutions as part of their broader portfolio of security products and services.

Competition Landscape

Some of the leading market players have been relying on various expansion strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions and strengthening of regional and global distribution networks.

Envoy, for instance, is a company that offers wide range of solution including security, touchless sign-in, compliance, access control, enterprise visitor management solution, and others.

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What are Future Projections for Visitor Management System Market in Comparison to Historic Pattern?

Between 2016 and 2020, global visitor management system registered a CAGR of 12.4%. Stringent government regulations and policies adopted by associations to efficiently maintain visitor data records are likely to drive the market.

Cloud based visitor management system adoption has increased during COVID-19 pandemic as it shares all the features of software hosted at an organization. Because it is hosted in the cloud, logs can be viewed from anywhere through the internet. Cloud based visitor management software also enables offsite storage in case of disaster and protection against malware attacks. Cloud based visitor management system eliminates upfront purchase cost and expenses incurred on maintenance and upgrade requirements.

Visitor Management System Market Key Segments

Component:

  • Visitor Management Software
  • Services
    • Integration & Implementation
    • Consulting
    • Support & Maintenance

Platform:

  • Web-based (Desktop App)
  • Mobile App

End User:

  • Gated Communities
  • Corporate Offices
  • Healthcare Facilities
  • Hospitality
  • Academic Institutions
  • Real Estate Property
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa (MEA)

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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