Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Visitor Management System market propelling market growth in the wake of the adoption of advance technology and reduce manual error
The global visitor management system market has the potential to grow with USD 1700 million with historical CAGR in the forecast period from 2020-2027. The emerging demand for keeping the safety and security of the people and maintaining a record of entry and exit of the visitors are majorly contributing to the growth of the global visitor management system.
The visitor management platform provides visibility and control for companies planning visitors, interviews, and maintenance. The critical component of the market will be the mobility brought by various technologies, and the centralized control system for visitors. A large number of visitor management systems can be seen in commercial and public buildings.
The system is mainly composed of emerging players focused on digital technologies (including the Internet of Things, RFID, and analytics). The leading players in the market are adopting various organic growth strategies, that is, new product launch and expansion strategies, to be in an advantageous position in terms of superior products. These software modules facilitate pre-registration and agility and provide an easy way to connect visitors or visitors for meetings. It can also check its previous visits to buildings or houses by saving the database and the in-out help.
Product overview in the Global Visitor Management System Market
Based on the product, the global visitor management system market categorized into Provisioning Software, Physical Security Information Management, and Physical Identity and Access Management. The physical security information and management segment have dominated the largest share in the global visitor management system. The urgent need for keeping records of data for maintaining the safety and security of the people working in the premises are bolstering the demand for global visitor management system market.
Service overview in the Global Visitor Management System Market
Based on the service, the global visitor management system market segmented into Managed Services, Professional Services, and Deployment & Integration. The professional services segment expected to dominate the market in the forecast period of the global visitor management system market. The rising demand for professional services helps in assisting the visitor at the front desk. Moreover, it also reduces the error in keeping and maintaining data of visitors entering and exiting.
Application overview in the Global Visitor Management System Market
Based on the application, the global visitor management system market classified into Public Safety & Security, Critical Infrastructure Protection, Port Security, and Energy Security. The critical infrastructure protection segment accounts for the largest share in the global visitor management system market and will continue to grow in the forecast period from 2020-2027. It is mainly due to the rising number of potential threats. Thus, the need for controlling the mishappening visitor management system is required to reduce the burden of front desk people.
End-Use overview in the Global Visitor Management System Market
Based on the End-use, the global visitor management system market segmented into Healthcare & Life sciences, BFSI, Retail, IT & Telecom, Aerospace & Defense, Government, Education. The BFSI segment dominates the market for the global visitor management system market. It is owing to the rising cases of robbery, maintaining consumer records of visiting in different customers are hindering in providing better financial services.
Region overview in the Global Visitor Management System Market
Based on geography, the global visitor management system market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is dominating the market share of the global visitor management system market with substantial share. It is mainly growing technology, developing economy, and the rising threat of breaching security, robbery, maintaining data, manual errors are deriving the market share of the visitor management system in the Asia Pacific region.
Global Visitor Management System Market: Competitive Landscape
Companies such as Quantum Secure Inc, Parabit Systems, HID Global Corporation, WhosOnLocation, AlertEnterprise, Jolly Technologies Inc., Genetec Inc., Honeywell International Inc., InVentry Ltd., Trackforce and others are key players in the global visitor management system market.