Global Visitor Management System Market Insights Forecasts to 2032

• The Global Visitor Management System Market Size was valued at USD 1.5 Billion in 2022.
• The Market Size is Growing at a CAGR of 18.4% from 2022 to 2032
• The Worldwide Visitor Management System Market Size is expected to reach USD 2.7 Billion by 2032
• North America is expected To Grow the fastest during the forecast period.

The Global Visitor Management System Market Size is expected to reach USD 2.7 Billion by 2032, at a CAGR of 18.4% during the forecast period 2022 to 2032.

The procedure or group of actions that aids the organisation in tracking visitor-related data can be referred to as visitor management. Visitors include customers, agents, investors, clients, couriers, and even interviewees. In other terms, a visitor is any anyone who is not a current or former employee of the organisation. The visitor management system aids in data management, which was previously accomplished by maintaining a logbook and entering the necessary data. By mandating digital registration, visitor management also helps organisations protect themselves against security risks. Data is securely controlled through digital data management, and only a few staff has access to it. Additionally, visitors can only view their own data via the software system's advanced features, which maintains the visitor data's anonymity. Hybrid working has become more prevalent in the workplace due to the COVID pandemic and other factors. Consequently, the significance of visitor management has been vital in keeping track of people coming to the site.

Impact of COVID 19 On Global Visitor Management System Market

The global visitor management system market has witnessed a significant impact on different organizations, medical community, and countries. The organizations have started implementing collaborative applications in order to grow at a fastest pace after the onset of pandemic. In fact, 2020 has been a year of change especially for the security as well as technology owing to the outbreak of COVID 19 pandemic. Many organizations have started working remotely. The pandemic has given time to the organizations to rethink about the secure processes that they used to have for all personnel entering and exiting each facility. 2021 has come up with the new and exciting opportunities for the digital visitor management industry along with enhanced solutions and features, especially with the strong protection of digital workplace systems. Thus, a visitor management system enables companies to use undesirable situations like a outbreak of a disease. Not only this but it also helps in empowering the security managers in controlling the people entering the places and reducing the spread of COVID 19.

Key Market Drivers

For many businesses, privacy is the main concern as their visitors belong to legal as well as financial services. Hence, it is very important to maintain privacy. In order to maintain privacy, it is mandatory to preserve their records in the visitor logbook. The necessary information may get exposed due to data breach. Through the help of strong visitor management system, it will help in recording all the entries and exits. The main thing which is needed to be done is the provision of security for employees who are working in a company. Software security solutions provide extra protection which are required to identify visitors. The modern visitor management system will help to manage the safety and security of a lobby through biometric technology and digital badges. Thus, businesses have started adopting strong technologies and different solutions to continue their operations. The software has specifically been developed to take full accountability to keep their premises, employees, and intellectual property safe.

Key Market Challenges

Organizations face the challenge to deploy the visitor management systems across various locations where they have their branches. Once they have installed the solution on site, it will become tedious for the organization while updating the solution of each site. In fact, companies may also face various challenges in setting up as well as configuring hardware like barcode scanners, kiosks, Radio Frequency Identification (RFID) scanners, and cameras as per locations. It also becomes difficult for each location to maintain the visitor policy because every location require a different policy for the software.

Market Segmentation

Component Insights

Software segment holds the largest market share over the forecast period

Based on component, the global visitor management system market is segmented into software and services.  Among these, software segment holds the largest market share over the forecast period. Regarding the market, businesses utilise visitor management software to provide a great first impression while protecting all of the personnel, assets, and information inside their organisation. Due to Software as a Service (SaaS) visitor control software used in schools, the service segment came in second by component. This software allows administrators to screen visitors upon entry, typically screening for sex offender status and limiting access to unauthorised entrants.

Deployment Mode Insights

Cloud based segment is dominating the market over the forecast period

On the basis of deployment mode, the global visitor management system market is segmented into on-premises and cloud based. Among these, cloud based is dominating the market with the largest market share over the forecast period. The rise of this market is mostly attributable to its benefits, which include allowing businesses to pay only for the services they actually use and to scale up and down in response to changes in usage patterns, customer demands, and business expansion. A cloud-based server makes use of digital technologies to host programmes remotely for businesses.

Organization Size

Large enterprise segment holds the largest market share over the forecast period

Based on the organization size, the global visitor management system market is segmented into large enterprises and SMEs. Among these, the large enterprise segment holds the largest market share over the forecast period. Large businesses can be formed in one nation and have operations across the world. Departments like finance, human resources, sales, marketing, and research and development are frequently used to group them. Additionally, these businesses differ from small to medium sized businesses that are owned by an individual or group of individuals.

Regional Insights

Asia Pacific is dominating the market with the largest market share over the forecast period

Asia Pacific is dominating the global Visitor Management System market over the forecast period.  The commercialization of AI and IoT technologies, as well as the requirement for more advancements to harness these technologies, are projected to be the driving forces behind the region's adoption of visitor management software and services. Major economies like China, India, and Japan are all part of Asia Pacific, and all three are predicted to have substantial market growth over the forecast period. A data breach reporting requirement is part of the Personal Data Protection Act (PDPA), which specifies Singapore's data protection policy and calls for enterprises to use and safeguard customers' personal information appropriately. Businesses in the area face significant challenges because of this, and regulations like these promote the usage of visitor management tools and services.

North America, on the other hand has witnessed the fastest market growth over the forecast period. The North American population has concentrated on implementing enterprise resource planning (ERP) to enhance organisational processes. The US market for visitor management software is being driven by a robust economy, expanding end-use industries, and a mature sector that has been extensively penetrated.

Recent Market Developments

• In July 2021, Pitney Bowes has made an announcement about its new and advanced suite of Cross Border Services which is designed to help the online merchants  from small to large sellers in order to grow their businesses.
• In June 2021, Honeywell has made an announcement about the availability of Honeywell Sine Solution in order to empower occupants and allow a safe return to the workplace.

List of Key Market Players

• Honeywell
• Pitney Bowes
• Envoy
• Proxyclick
• SmartSpace
• AlertEnterprise
• Software Plc
• Qminder
• iLobby
• Jolly Technologies
• Genetec
• InVentry
• MRI Software
• Vuetura
• Parabit Systems
• Asiatact
• Splan
• Vizmo
• HID Global
• VersionX
• Visitorz.io
• Heptagon Technologies
• Visitly
• Carson Living
• Wellcome.me

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Visitor Management System Market based on the below-mentioned segments:

Visitor Management System Market, Component Analysis

• Software
• Services

Visitor Management System Market, Deployment Mode Analysis

• On-Premises
• Cloud-based

Visitor Management System Market, Organization Size Analysis

• Large Enterprises
• SMEs

Visitor Management System Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa