Global Visitor Management Software Market Share is Likely to Grow at a CAGR Value of 10.10% By 2028

31-Aug-2022 | Facts and Factors

According to Facts and Factors, the global visitor management software market size was worth USD 1,529.50 million in 2021 and is estimated to grow to USD 2724.42 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.10% over the forecast period. The report analyzes the visitor management software market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the visitor management software market.

Visitor management software is designed for enterprises and startups. It facilitates the collection, observation, documentation, and retrieval of visitor data to efficiently manage visitor flow in the office or building grounds. In addition to these capabilities, the software includes an ID scanner, a watch list, pre-registration, registration management, and visitor tracking. Visitor control includes features such as fingerprint scanning and automatic recognition of frequent visitors. It generates access cards with the necessary access rights based on the type of visitor. This program allows visitors to register and notifies staff personnel. It eliminates human error and ensures that personnel provides above-average performance while remaining safe on-site.

Browse the full “Visitor Management Software Market Size, Share, Growth Analysis Report By Component (Software, Services, Professional Services, Consulting, Deployment & Integration, Support & Maintenance, Managed Services), By Deployment Mode (Cloud, On-premises), By Organization Size (Large Enterprises, Small & Medium-sized Enterprises (SMEs)), By Application (Historical Visitor Tracking, Compliance Management & Fraud Detection, Security Management, Parking Management, Meeting Room Management, Contact Tracing), By Vertical (Banking, Financial Services, & Insurance, Healthcare & Life Sciences, Telecom & IT, Retail & Consumer Goods, Manufacturing, Travel & Hospitality, Government & Public Sector, Transportation & Logistics, Energy & Utilities, Others (Media & Entertainment, Education, Research, and Real Estate)), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/visitor-management-software-market

The paperless technique of visitor management fosters the growth of the global visitor management software market by lowering costs and reducing human labor by eliminating the need for paper records to track visitor arrival and departure timings. The increasing installation of software-based security solutions for intruder detection in office buildings is likely to fuel market expansion. Furthermore, firms are utilizing visitor management systems to streamline security and compliance regulations. However, concerns about identity theft and data security linked with visitor management software may hamper industry expansion. On the other hand, increased awareness of the potential benefits of visitor management software is expected to provide attractive chances for market expansion during the forecast period.

The global visitor management software market is segregated based on the component, deployment mode, organization size, application, vertical, and region. Based on the component, the market is segregated into software, services, professional services, consulting, deployment & integration, support & maintenance, and managed services. In 2021, the software segment dominated the visitor management software market. Based on the deployment mode, the market is segregated into the cloud and on-premises. In 2021, the cloud category dominated the visitor management software market. Based on organization size, the market is segregated into large enterprises and small & medium-sized enterprises (SMEs). In 2021, small & medium-sized enterprises (SMEs) dominated the market. Based on application, the market is segregated into historical visitor tracking, compliance management & fraud detection, security management, parking management, meeting room management, and contact tracing. In 2021, the compliance management & fraud detection category dominated the market. Based on vertical, the market is segregated into banking, financial services, & insurance, healthcare & life sciences, telecom & IT, retail & consumer goods, manufacturing, travel & hospitality, government & public sector, transportation & logistics, energy & utilities, and others (media & entertainment, education, research, and real estate). In 2021, the banking, financial services, & insurance category dominate the global visitor management software market.

The global visitor management software market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the global market for visitor management software in 2021. The region's developing industrial infrastructure encourages visitor management software adoption, which is anticipated to hasten the region's expansion in the global visitor management software market. Additionally, there has been a significant demand for visitor management software in the United States due to market leaders' rising investments in perimeter security and access control. To safeguard the safety of their employees, however, 61% of American businesses have switched from paper logbooks to visitor management software, per the study.

Report Scope

Key players in the global visitor management software market include Honeywell, Pitney Bowes, Envoy, Proxyclick, SmartSpace Software Plc, AlertEnterprise, iLobby, Qminder, InVentry, Genetec, Jolly Technologies, MRI Software, Parabit Systems, Veristream, Vuetura, Asiatact, Spla, Greetly, HID Global, Vizmo, Traction Guest, VersionX, Veris, Visitorz.io, Heptagon Technologies, piLOBI, Visitly,  Carson Living,  and Wellcome.me.

Recent Developments:

• In July 2021: Pitney Bowes recently unveiled a new and improved lineup of Cross-Border Services to assist online retailers, from independent small business owners to major online marketplaces, in expanding their operations and effectively reaching more international customers.
• In February 2021: A global supplier of radio frequency identification (RFID) portable readers, Technology Solutions (TSL) UK Ltd., was bought by HID Global, according to an announcement. By including tested portable RFID readers into its broad array of tags and IoT enablement solutions, the purchase of TSL will strengthen HID’s global position as a pioneer in identification technology.

Global Visitor Management Software Market is segmented as follows:

By Component:

• Software
• Services
• Professional Services
• Consulting
• Deployment and integration
• Support and maintenance
• Managed Services

By Deployment Mode:

• Cloud
• On-premises

By Organization Size:

• Large enterprises
• Small and medium-sized enterprises (SMEs)

By Application

• Historical visitor tracking
• Compliance management and fraud detection
• Security management
• Parking management
• Meeting room management
• Contact tracing

By Vertical:

• Banking, Financial Services, and Insurance
• Healthcare and life sciences
• Telecom and it
• Retail and consumer goods
• Manufacturing
• Travel and hospitality
• Government and public sector
• Transportation and logistics
• Energy and utilities
• Others (media and entertainment, education, research, and real estate)

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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