Visitor Management System Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Southeast Asia, Brazil, Mexico, Argentina, Colombia, South Africa, UAE, Saudi Arabia, Israel) Industrial Analysis Report, Growth Potential, 2020 - 2026
Report ID: GMI4728
Visitor Management System Market size is estimated to witness exponential growth till 2026. VMS can track the usage of an office or a public building according to the visitors. Major factors contributing to the growth of the market include data compliance, better visibility, improved security, access control, streamlining visitors, and reduced overheads. VMS system allows enterprises to control the access of visitors as per company policies. For instance, an electronic card is published that allows visitors to access as per the privileges provided in the card, automating the process of access control within the building.
Based on component, the visitor management system market is segmented into solutions and services. Solutions are further segmented into information management and access management. Services are further segmented into consulting, system integration, and management. The enterprises in the market provide solutions to businesses to operate smoothly. For instance, in May 2020, Honeywell International Inc. launched solutions to help building owners comply with new policies related to social distancing and hygiene, enabling the business community to work smoothly. Solutions provided by the company can be applied in airports, commercial buildings, and hospitality & healthcare sectors.
Based on application, the visitor management system market is segmented into security management, historical visitor tracking, and parking management. Security management is a system that maintains the identification of an enterprise’s assets by documenting, developing, and implementing procedures & policies to protect those assets. Various enterprises provide third-party solutions to businesses to manage and generate information of the visitors. For instance, IDCUBE’s ezVISIT maintains records of visitors in a centralized system. The information stored in the system enables organizations to allow or deny access to the premises in the near future.
Based on application, the visitor management system market is segmented into healthcare & life sciences, BFSI, retail, IT & telecommunication, and government & education. Retailers across the world use the visitor information system to collect information on contractors, suppliers, and employees. Retailers use the information gathered to track supplier activities at their location and manage the inventory accordingly. For instance, Veristream reduced the visitor management cost of Cummins, Inc. by USD 290,000 over the past year by automating and reducing staff overhead. VMS allows enterprises to leverage the automated facilities to run the businesses smoothly and cut costs during the process.
North America is expected to dominate the market during the forecast period. The increasing popularity of visitor management systems across federal agencies to monitor visitor behavior and identify potential threats is fueling the growth of the market in the region. APAC is also expected to grow at an increasing rate due to rising standards of security across sectors including hospitality, manufacturing, education, and information technology.
Leading players in the market are constantly upgrading technologies in the visitor management system market to deliver solutions for existing problems in the market. For instance, in 2019, AlertEnterprise Inc. delivered a new facial recognition technology for the visitor management market, enabling enterprises to upgrade security levels in the organizations. Key players in the market are AlertEnterprise, Inc., Honeywell International, Inc., SmartSpace Global Ltd., Genetec, Inc., Envoy, Inc., iLobby, Jolly Technologies Inc., Vuetura Corporation, Asiatact Pte Ltd., Splan Inc., Digicred Technologies, Veristream, Traction Guest Inc., Proxyclick, and Qminder Ltd.
Market by Component, 2015 - 2026 (USD Million)
- Information Management
- Access Management
- System Integration
Market by Application, 2015 - 2026 (USD Million)
- Security Management
- Historical Visitor Tracking
- Parking Management
Market by Application, 2015 - 2026 (USD Million)
- IT & Telecommunication
- Government and Education
- Healthcare & Life Sciences
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Southeast Asia
- Latin America
- South Africa
- Saudi Arabia
- AlertEnterprise, Inc.,
- Asiatact Pte Ltd
- Digicred Technologies
- Envoy, Inc.
- Genetec, Inc.
- Honeywell International, Inc.
- Jolly Technologies, Inc.
- SmartSpace Global Ltd.
- Splan, Inc.
- Traction Guest, Inc.
- Vuetura Corporation
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