According to Future Market Insights, the global market for visitor management systems is anticipated to reach US$ 1.20 billion by 2021. (FMI). The demand for paperless operations in businesses is accelerating the uptake of visitor management systems. The use of logbooks and registers is eliminated by visitor management software, which streamlines the automatic check-in process and automatically registers the data. Digital badges replace printed or RFID cards when used on-site and provide permission for internal access.
The cost of stationery purchases and a dedicated employee at the front desk to keep visitor information up to date are reduced with a visitor management system. Visitor management is growing in popularity since the system can authenticate visitors by issuing unique visitor ID and digital badges.
Banks and other financial institutions are expected to expand at a CAGR of 18.2% over the course of the anticipated year as a result of their emphasis on serving their customers and the large number of visitors they receive every day. The desire to conveniently organize and arrange visits is driving up demand for visitor management solutions.
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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.
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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)
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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