The Global Visitor Management System Market is estimated to grow at a CAGR of 15% during the forecast period 2019-2025. As per the detailed market study, the global visitor management system industry is driven by various growth factors such as increase in investments from governments in smart infrastructure across the world. Also, rising importance of monitoring visitor movements, increasing dependence on software-based security solutions to address various compliance and insurance demands and high user-base of smartphone users further contributes in the market growth over the future period. However, data vulnerability, other digital security concerns and lack of awareness related to potential benefits of visitor management solution may hinder the market growth during the forecast period. While, high-scale integration of advanced technologies such as AI, IoT and others in visitor management system and increasing government support with regulatory compliance will create opportunities for the companies to explore major potentials of the global visitor management system market.
Visitor management system is software-based solution that monitor, record, capture and recover visitor information by tracking the visits in premises. The system offers visual identification and access control for visitors in order to manage visitor traffic within premises and help in maintaining the record of visits. It is an advanced version of gate guarding—which require manual labour efforts and lacks in data management. Visitor management system offers a platform to manage a wide range of electronic data that allow organizations to get high control and exclusive control on visitors’ behaviour, ensure high level of performance and security of the premise and eliminates human errors.
Europe visitor management system market accounted for the largest market share in the year 2019 and is anticipated to grow at the highest CAGR during the forecast period 2019-2025. The regional market dominance and growth is driven by various growth factors such as presence of key utilities and telecom equipment providers in France, Germany and UK.
While, the North America visitor management system market is driven by presence of high number of technology innovators in the region along with rapid adoption of these platforms in the US and Canada due to high digital literacy rate.
WhosOnLocation, TractionGuest, Lobbipad, Cogent Innovations, Sine, Proxyclick, Envoy, SwipedOn and iLobby are major key players among others that are profiled in the research study of the global visitor management system market research study. Companies are adopting various key strategic initiatives to uphold majority of the market share in the global marketplace. Product launch and technological advancements are some major strategical developments adopted by companies to gain majority of the market share.
The visitor management system market is categorized on the basis of system and industry. These market segments are further categorized to study the market in detail by considering various growth factors. The system segment of the global visitor management system market is sub-segmented into Check-in & Check-out, Appointments, Security, Notifications and Contractor Management. Among these, notifications category is expected to grow at the highest growth rate during the forecast period. Whereas, in the industry segment, IT and Telecom will record the fastest growth rate as compared to other segments such as BFSI, Critical Infrastructure, Government, Retail, Manufacturing and Others. The substantial growth is attributed to increasing security concerns considering threat to business data which lead to a loss of confidentiality, availability and integrity of data.
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