What is Global Visitor Management Systems Market?
The Global Visitor Management Systems Market is a comprehensive study of the various aspects influencing the growth of this industry. It is a system that helps organizations in creating a safe and compliant work environment by identifying, managing, and tracking visitors at their facilities. The market is driven by the need for paperless administration owing to the increasing burden of managing large volumes of data and the growing demand for security compliance and consistent visitor experiences. The market is also influenced by the increasing digitalization in the developing economies. However, the high cost of the systems and the lack of standardization are some of the factors that may hinder the market growth. The market was valued at US$ 1117.4 million in 2022 and is expected to reach US$ 1612.1 million by 2029, growing at a CAGR of 6.3% during the forecast period 2023-2029.
On-premise VMS, Cloud-based VMS in the Global Visitor Management Systems Market:
On-premise VMS and Cloud-based VMS are two types of Visitor Management Systems available in the market. On-premise VMS is installed and run on computers within the premises of the organization using the system. This type of system is managed by the organization's own IT staff. On the other hand, Cloud-based VMS is hosted on the vendor's server and accessed through the internet. This type of system does not require any installation and can be accessed from anywhere. The choice between these two types depends on the organization's needs and resources. The global market for these systems is dominated by the United States with a market share of about 39%, followed by Europe with a market share of about 31%. The top three companies in this market hold a combined market share of about 15%.
Small and Medium Business, Large Enterprises in the Global Visitor Management Systems Market:
The Global Visitor Management Systems Market finds its usage in various areas including Small and Medium Business, Large Enterprises. Small and Medium Businesses (SMBs) use these systems to manage their visitors and maintain security. These systems help SMBs in managing visitor registration, identification, categorization, and tracking. Large Enterprises use these systems to manage a large number of visitors and enhance security. These systems help Large Enterprises in managing visitor registration, identification, categorization, tracking, and providing access control. The use of these systems in these areas is driven by the need for security, compliance, and efficient management of visitors.
Global Visitor Management Systems Market Outlook:
The global Visitor Management Systems market, which was valued at US$ 1117.4 million in 2022, is projected to reach a value of US$ 1612.1 million by 2029. This represents a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2023 to 2029. The United States holds the largest share of this market, accounting for approximately 39% of the total. Europe follows closely behind, with a market share of about 31%. The top three companies in this market hold a combined market share of about 15%.
| Report Metric | Details |
| Report Name | Visitor Management Systems Market |
| Accounted market size in 2022 | US$ 1117.4 million |
| Forecasted market size in 2029 | US$ 1612.1 million |
| CAGR | 6.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Envoy, Veristream, Proxyclick, Traction Guest, SwipedOn, iLobby, Sine, ALICE Receptionist, KeepnTrack, Vizito, Greetly, HID Global (EasyLobby), Tyco, Honeywell Access Control, Chubb Fire & Security Ltd, Quantum Automation, Raptor Technologies LLC, ATT Systems |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
