Visitor management system Market Market Size, Share, Trends, Growth 2028

Global Visitor Management System Industry Prospective:

The global visitor management system 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 system 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 system market.

Visitor management system Market: Overview

Visitor management systems enable tracking and management of visitors on particular premises and bolster the security of the infrastructure. These systems are deployed to keep a definitive track of visitors that have visited any infrastructure and keep a database for reference in case any security concern arises.

These systems also remove the human element from visitor management which can save a lot of human resource costing but also doesn’t compromise the security in any manner. Increasing security threats and risks, rising need for digital visitor management, and changing regulatory compliance are expected to be other trends influencing visitor management systems market growth.

However, different visitor policies and obstacles in deployment are expected to have a restraining effect on the global visitor management systems market growth through 2028.  

COVID-19 Impact:

The COVID-19 pandemic led to major changes in how the world managed infrastructure and security and this also led to major changes in the visitor management systems market growth potential in 2020. Lockdown restrictions and social distancing norms across the world revolutionized the security systems and security industry as most of the conventional methods were rendered useless under these regulations.

Increasing focus on remote management led to a rise in adoption of advanced visitor management systems and this in turn drove the visitor management systems market potential in the pandemic. The visitor management systems companies are focused on integration of novel technologies to boost market growth.

The visitor management systems market is anticipated to rise at a stellar CAGR over the forecast period in the post-pandemic era as demand for more efficient and remote visitor management systems increases.

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Visitor management system Market: Growth Drivers

Increasing adoption of advanced security solutions

Privacy is a notable asset in this digital age where almost everything is accessible just a click or a touch away and this puts multiple security concerns in light and hence deployment of visitor management systems becomes essential to keep a track of visitor activity. The world is now beyond security guards and security logs and hence deployment of visitor management systems is crucial which is what majorly drives the visitor management systems market potential on a global scale. Increasing focus on security amidst rising security threats is expected to promote adoption of advanced security solutions and hence drive the visitor management systems market growth over the forecast period.

Visitor management system Market: Restraints

Multiple Visitor Policies and Difficulty in Deployment Will Restrain Market growth

Visitor policies are different for different infrastructures and this creates a challenge for standardization of this solution which in turn slows down the visitor management systems market potential and hence acts as a major restraint to the growth. Moreover, deployment of these systems is very tricky as it involves cross dependency on multiple aspects and hence this also constrains the visitor management systems market growth.

Visitor management system Market: Report Scope

Global Visitor management system Market: Segmentation

The global visitor management system market is segregated based on component, deployment mode, organization size, application, vertical, and region.

By component, the market is divided into Software, Services, Professional Services, Consulting, Deployment and integration, Support and maintenance, and Managed Services. The software segment is anticipated to hold a dominant outlook over the forecast period owing to increasing adoption of software based security solutions through 2028. Increasing digitization will further cement the growth of this segment in the global visitor management systems market.

By application, the visitor management system market is segmented 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 is anticipated to rise at the fastest CAGR over the forecast period.

Recent Developments

• In July 2021, Honeywell a leading multinational organization announced that its new security solution is now available. Honeywell Sine Solution will help inhabitants and occupants to ensure safe return to workplaces after the pandemic.

Visitor management system Market: Regional Landscape

North America region leads the global visitor management system market in terms of revenue and volume share owing to high technological proliferation and this trend is expected to prominently drive growth through 2028. Rapid adoption of novel technologies and increasing focus on security owing to rising security threats are expected to be prominent trend governing visitor management systems market potential over the forecast period. Increasing automation is also expected to favor growth.

Visitor management system Market: Competitive Landscape

Some of the main competitors dominating the global visitor management system 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)
• Wellcome.me (Australia)

Global Visitor management system market is segmented as follows:

Global 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 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