Visitor Management Software Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[227+ Pages Report] 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.

Market Overview

For businesses and startups, visitor management software is created. Furthermore, it aids in gathering, observing, documenting, and retrieving visitor data to manage visitor flow in the office or building grounds. Along with these features, the software offers an ID scan, watch list, pre-registration, registration administration, and visitor tracking. Features like fingerprint scanning and automatic recognition of frequent visitors are included in visitor control. It generates access cards with the appropriate access rights based on the kind of visitor. Visitors can register using this software, and it also notifies staff members. It prevents human mistakes and guarantees that workers deliver above-average performance while being secure on the property. The need to coordinate compliance and necessary security standards within enterprises and the widespread adoption of software-based security solutions to detect trespassers are some of the primary reasons driving the visitor management software market growth.

COVID-19 Impact:

The COVID-19 outbreak has profoundly impacted nations, organizations, and the medical profession. Following the COVID-19 outbreak, businesses have been quickly implementing collaborative applications. Due to the COVID-19 pandemic, 2020 has been a year of considerable change for the security and technology industries. Most businesses now operate remotely. Businesses worldwide made effective management and oversight of third-party visitors a top concern in 2020.

Key Insights

• As per the analysis shared by our research analyst, the global visitor management software market value is expected to grow at a CAGR of 10.10% over the forecast period.
• In terms of revenue, the global visitor management software market size was valued at around USD 1,529.50 million in 2021 and is projected to reach USD 2724.42 million by 2028.
• The need to coordinate compliance and necessary security standards within enterprises and the widespread adoption of software-based security solutions to detect trespassers are some of the primary reasons driving the visitor management software market growth.
• By component, the software category dominated the market in 2021.
• By application, the compliance management and fraud detection category dominated the market in 2021.
• North America dominated the global visitor management software market in 2021.

Growth Drivers

• The growing preference for paperless administrative functions drives the market growth

The market's expansion throughout the projection period can be attributed to many paperless registrations and documentation. 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. Companies prefer to store, manage, and store visitor data electronically. In addition, tight government regulations governing the upkeep of visitor data registers will benefit the visitor management software sector's growth over the forecast period. Additionally, a heavy reliance on software-based security services to manage compliance challenges will enhance corporate expansion over the forecast period.

Restraints

• Data safety and security issues may hinder the market growth

Organizations are progressively adopting digitalized and automated solutions to optimize their business processes and improve corporate efficiency, resulting in the largest adoption of automated visitor management systems. One of the biggest hurdles affecting the market growth is data safety and security risks related to visitor management systems.

Segmentation Analysis

The global visitor management software market has been segmented into component, deployment mode, organization size, application, vertical, and region.

Based on the component, the market is segregated into software, services, consulting, professional services, deployment & integration, support & maintenance, and managed services. In 2021, the software segment dominated the global visitor management software market. One of the main factors contributing to the market's explosive expansion is a change from optional to required product usage, particularly in the wake of the COVID-19 pandemic. The demand for social distancing solutions, such as visitor control systems, has increased due to a greater focus on workplace safety and personal hygiene in various geographical areas.

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. In a disaster, cloud-based visitor management software provides offsite storage and malware protection. A cloud-based visitor management software has lower up-front, ongoing maintenance, and update costs.

Based on organization size, the market is segregated into large enterprises and small & medium-sized enterprises (SMEs). In 2021, the small & medium-sized enterprises (SMEs) category dominated the global visitor management software market. SMEs' adoption of visitor management software is anticipated to be driven by the requirement to identify intruders in facilities and screen and monitor visitors.

Based on application, the market is segregated into historical visitor tracking, compliance management & fraud detection, security management, parking management, meeting room management & contact tracing. In 2021, the compliance management & fraud detection category dominated the global visitor management software market. There are now significant issues due to the rising frauds and crimes in many industries, including BFSI, telecom, and IT. By integrating it with advanced electronic protection, biometric recognition, video surveillance, and database control, the modern visitor management software helps every sector of compliance management and fraud detection, ranging from transactions and securities to risk analytics, which in turn contributes to its increased growth in 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 dominated the global visitor management software market. Due to high-security challenges that arise during financial transactions and other financial activities, the category is expected to develop throughout the projection period.

Recent Developments:

• In June 2021: The Honeywell Sine Solution was made public by Honeywell to empower users and facilitate a safer return to the workplace.

• In March 2021: WhosOnLocation was bought by MRI Software, expanding its capabilities for international workplace security. The overall capabilities of integrated workplace management systems are improved due to this purchase, enabling the increased business agility that enterprises require to rethink their workplaces.

Report Scope

Regional Landscape

• North America dominated the visitor management software market in 2021

In 2021, North America dominated the global visitor management software market. The region's expanding industrial infrastructure promotes the use of visitor management software, which is projected to expedite the region's growth in the global visitor management software market. Additionally, market leaders' increased investments in perimeter security and access control have a significant demand for visitor management software in the United States. However, according to the report, 61% of American businesses have shifted from paper logbooks to visitor management software to protect the safety of their staff.

Competitive Landscape

• 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 
• Wellcome.me.

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 Regional Segment Analysis

• 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