The global market for visitor management systems is expected to reach US$ 1.20 billion by 2021, according to Future Market Insights. (FMI). The adoption of visitor management systems is rising due to the demand for paperless operations in enterprises. Visitor management software speeds automatic check-in and automatically registers the data, eliminating the need for logbooks and registers. When used on-site, digital badges take the place of printed or RFID cards and grant permission for internal access.
A visitor management system lowers the expense of stationery purchases and the need for a dedicated employee at the front desk to update visitor information. Since the system can verify visitors by issuing distinctive visitor ID and digital badges, visitor management is becoming more and more popular.
Due to their focus on providing excellent customer service and the high volume of visitors they receive each day, banks and other financial institutions are predicted to grow at a CAGR of 18.2% over the anticipated year. The need for visitor management systems is increasing as a result of the desire to effortlessly plan and schedule visits.
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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 adjusting their business strategies to account for the effects of the COVID-19 epidemic and embracing reality. To ensure business continuity, organisations are putting cutting-edge technologies and a variety of solutions into practise. Additionally, they are increasingly employing visitor management software. Some businesses are now obligated to allow more guests and contractors into their premises, even though they are solely responsible for the safety of their employees, visitors, and contractors.
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.
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FMI has projected the visitor management system market is estimated to grow around 13% to 15% Y-o-Y from 2019 to 2021.
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.
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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)
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.
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