Visitor Management System Market Size, Share & Industry Analysis, By Component (Software, Services), By Application (Public Safety & Security, Compliance Management & Fraud Detection, Historical Visitor Tracking), By Deployment (Cloud, On-premise), By Enterprise Size (Large Enterprises, Small & Medium Enterprises), By End User (BFSI, Retail & Telecom, Defense & Aerospace)And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The visitor management system is a solution that allows for tracking the movement of visitors in an organization/office premises. It is software used to monitor, record, capture, among others, help achieve greater control over the movement of the visitors. VMS has eliminated maual labour dramatically, such as rcording and registrations. Electronic data transfer has also minimized the use of manual labour.
Virtual management system helps provide high-level security to employees in the organizations/office premises and eliminates human errors. Visitor management system adoption is expected to increase, as the system helps track and record users.
Key Market Driver -
• The increasing importance of vistor movement through various organizations is key factor for the growth of VMS • Virtual management system helps reduing and prevent threats and helps in tracking identity of actual users.
Key Market Restraint -
• Lack of awareness about visitor management system
Key Players Covered:
Key players operating in the market are Digicred Technologies, Townsend Security Inc, Mantra Softech (India) Pvt. Ltd, AlertEnterprise, Jolly Technologies, SmartSpace Software Plc, Envoy, Asiatact, Sine, Proxyclick, Genetech, Ilobby, Traction Guest, VersionX Innovation, Veristream, InVerty, Splan, Honeywell Internationa Inc Parabit System Inc. and others
Regional Analysis:
North America is expected to show highest market share in visitor management system. Highly developed industrial infrastructure and increasing investment for VMS is expected to boost the growth of market. Countries like U.K. and U.S. have witnessed high demand for VMS due to increasing workplace security and regulatory compliances.
Asia Pacific anticipated to be fastest growing in the virtual management system market, major factors such as urbanization, industrialization, manufacturing, hospitality and information technology are likely to drive the growth of market in this region. Country like India is highly profitable market for VMS. The high growth in hospitality sector has been the key growth sector driver within the country which would drive the growth of market.
Latin America is anticipated to have considerable market growth because of increasing growth in demand small scale manufacturinig, whereas Europe is having slow growth due to environment centric regulatiuons such as General Data Protection Regulations (GDPR). Some of the fators that would support the market growth in Middle East include smart vision 2030 and government initative for digital transformations.
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Segmentation
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Key Industry Developments
- In February 2021 – Alcatraz annouced to provide three factor authentication by using biometric like facial authentication which would be most secure ways to control access.
- In January 2021 – Legrand Launched smart video doorbell equipped with high definition wide angle camera allowing end user to see visitors coming at their doorstep from around the world. It is compitable with Apple Homekit,Amazon Alexa and Google Home.
- In Februray 2021 – Vision-Box and airside announce a strategic partnership to accelerate the adoption of seamless travel and digital health passport.It offers to enhance safe, secure, and touchless platform for all users and allows managing verified identity credentials, including trusted health data.
- Ongoing
- 2023
- 2019-2022
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