Market Share, Demand Analysis, Growth, Trends, and Forecast for Visitor Management Systems through 2031

The global market for visitor management systems is expected to reach US$ 1.20 billion by 2021, according to Future Market Insights (FMI). The requirement for paperless administration in enterprises is driving up adoption of visitor management systems. By easing the automatic check-in procedure and automatically registering the information, visitor management software replaces the need for logbooks and registers. When used on-premises, digital badges replace printed or RFID cards and grant authority for internal access.

A visitor management system lowers the cost of stationery purchases as well as the cost of a dedicated human resource at the front desk to maintain visitor information. Since the system can authenticate visitors by issuing personalized visitor ID and digital badges, visitor management is becoming more and more popular.

Due to their focus on their customers and the high volume of visitors, they receive every day, banks and financial institutions are predicted to grow at a CAGR of 18.2 percent over the course of the projected year. The need for visitor management solutions is rising as a result of the need to manage and make visiting arrangements conveniently.

Key Takeaways: Visitor Management System Market

• The global visitor management system market is estimated to register a CAGR of 15.6% during the forecast period of 2021–2031
• The U.S. will remain a highly lucrative market for visitor management system, accounting for 85% of the market in North America
• The U.K. will exhibit 17.3% Y-o-Y growth in 2021, emerging as a key market for visitor management system
• Germany and France will remain other lucrative pockets within Europe
• Japan and South Korea will emerge as bright spots for market players in East Asia

COVID-19 Impact to be Positive for Visitor Management System Market

Businesses are accepting reality and changing their business models to take the COVID-19 pandemic’s consequences into account. Organizations are implementing cutting-edge technologies and a range of solutions to guarantee company continuity. Additionally, they are using visitor control software more and more. While being entirely responsible for the safety of its employees, visitors, and contractors, some businesses are now required to welcome additional guests and contractors into their property.

Business security is improved by visitor management software, which also warns of potential risks. It has been created to assist organisations in accepting full responsibility for safeguarding the safety of their personnel, facilities, and intellectual property.

FMI has projected the visitor management system market is estimated to grow around 13% to 15% Y-o-Y from 2019 to 2021.

Mobile Technology-based Cost-effective Visitor Management System for Smart Offices

By combining the capabilities of mobile technology with inexpensive WiFi modules, visitor management systems offer a practical technological solution for smart businesses. This is a cost-effective way to establish the system for controlling visitors in an office setting. The demand for mobile technology-based visitor management systems is being driven by the growing requirement for greater security and assuring health and safety. In order to send SMS and email notifications, record visitor information, and sign-in for guests and workers using an iPad, the web, or a mobile device, this system is also used.

Who is Winning?

HID Global, Greetly, piLOBI, Ezy Signin, SwipedOn, Envoy, Proxyclick, Vizitor Inc., and Traction Guest are just a few of the major companies in this sector.

For instance, HID Global introduced HID Signo in March 2020 to make it easier for businesses to adopt and manage enhanced security 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)

Information Source:
https://www.futuremarketinsights.com/reports/visitor-management-system-market