Pune, India, Sept. 30, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global visitor management system market size is anticipated to exhibit a CAGR of 16.7% during 2021-2027, primarily driven by growing acceptance of software-based security solutions and increasing adoption of paperless administrative activities.
Moreover, the report presents a regional assessment of the industry, and elaborates on the qualitative and quantitative aspects of each geographical segment. It also analyses competitive dynamics of the industry by describing the financials, product offerings, and major strategies employed by leading industry players.
Notably, visitor management systems include a number of advantages, including the capacity to convert from paper to apps, improved traceability, and the ability to streamline visitor registration, reporting, and tracking. This helps organizations to achieve enhanced digital efficiency, reduced manual processes, and improved workplace safety.
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Furthermore, research & development of sophisticated technologies such as artificial intelligence (AI), Internet of Things (IoT), and Big Data are expected to accelerate market expansion in the upcoming years.
Citing an instance, leading technology company, Pitney Bowes Inc. announced the launch of a new and improved suite of cross-border services in July 2021, designed to assist e-commerce players ranging from SMEs to large enterprises. This new feature designed to help organizations in expanding and improving their consumer reach will further boost overall market development.
Despite the positive outlook, issues with cloud data security and safety are likely to hinder worldwide visitor management system industry expansion over the forecast period.
Regional landscape
North America, Latin America, Asia Pacific, and Europe are considered to be leading contributors to overall industry remuneration. The report states that North America held a significant market share in the recent past, owing to emergence of new technologies and growing adoption of automation activities.
On the other hand, Asia Pacific is expected to emerge as a major growth avenue for the market over the next six years, attributable to increasing number of emerging contenders in the region.
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Global Visitor Management System Market, by Component Type (Revenue, USD Billion, 2018-2027)
- Software
- Services (Managed Services, Support and Maintenance, Deployment and Integration, Consulting, Professional Services)
Global Visitor Management System Market, by Deployment Mode (Revenue, USD Billion, 2018-2027)
- On-premise
- Cloud
Global Visitor Management System Market, by Organizational Size (Revenue, USD Billion, 2018-2027)
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
Global Visitor Management System Market, by End User Scope (Revenue, USD Billion, 2018-2027)
- Energy and Utilities
- Transportation and Logistics
- Government and Public Sector
- Travel and Hospitality
- Manufacturing
- Retail and Consumer Goods
- Telecom and IT
- Healthcare and Life Sciences
- Banking, Financial Services, and Insurance
- Others
Global Visitor Management System Market, by Application Spectrum (Revenue, USD Billion, 2018-2027)
- Contact Tracing
- Meeting Room Management
- Parking Management
- Security Management
- Compliance Management and Fraud Detection
- Historical Visitor Tracking
Global Visitor Management System Market, Regional Outlook (Revenue, USD Billion, 2018-2027)
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
Rest of The World
Global Visitor Management System Market, Competitive Dashboard (Revenue, USD Billion, 2018-2027)
- Genetec Inc.
- InVentry Ltd.
- Qminder Ltd.
- iLobby Corp.
- AlertEnterprise Inc.
- SmartSpace Software plc
- Proxyclick
- Envoy
- Pitney Bowes Inc.
- Honeywell International Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Visitor Management System Market, by Component, 2019-2027 (USD Billion)
1.2.2. Visitor Management System Market, by Deployment Mode, 2019-2027 (USD Billion)
1.2.3. Visitor Management System Market, by Organizational Size, 2019-2027 (USD Billion)
1.2.4. Visitor Management System Market, by End-user, 2019-2027 (USD Billion)
1.2.5. Visitor Management System Market, by Applications, 2019-2027 (USD Billion)
1.2.6. Visitor Management System Market, By Region, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Visitor Management System Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Visitor Management System Market Dynamics
3.1. Visitor Management System Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing adoption of security solutions which are software-based
3.1.1.2. Many administrative activities are transforming to Paper-less
3.1.2. Market Challenges
3.1.2.1. Issues with cloud Data safety and security
3.1.3. Market Opportunities
3.1.3.1. Research and development of advanced technologies such as IoT, AI, and big data
Chapter 4. Global Visitor Management System Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Visitor Management System Market, by Component
5.1. Market Snapshot
5.2. Global Visitor Management System Market by Component, Performance - Potential Analysis
5.3. Global Visitor Management System Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
5.4. Visitor Management System Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Services
5.4.2.1. Professional Services
5.4.2.2. Consulting
5.4.2.3. Deployment and integration
5.4.2.4. Support and maintenance
5.4.2.5. Managed Services
Chapter 6. Global Visitor Management System Market, by Deployment Mode
6.1. Market Snapshot
6.2. Global Visitor Management System Market by Deployment Mode, Performance - Potential Analysis
6.3. Global Visitor Management System Market Estimates & Forecasts by Deployment Mode 2018-2027 (USD Billion)
6.4. Visitor Management System Market, Sub Segment Analysis
6.4.1. Cloud
6.4.2. On-premises
Chapter 7. Global Visitor Management System Market, by Organizational Size
7.1. Market Snapshot
7.2. Global Visitor Management System Market by Organizational Size, Performance - Potential Analysis
7.3. Global Visitor Management System Market Estimates & Forecasts by Organizational Size 2018-2027 (USD Billion)
7.4. Visitor Management System Market, Sub Segment Analysis
7.4.1. Large enterprises
7.4.2. Small and medium-sized enterprises (SMEs)
Chapter 8. Global Visitor Management System Market, by End-user
8.1. Market Snapshot
8.2. Global Visitor Management System Market by End-User, Performance - Potential Analysis
8.3. Global Visitor Management System Market Estimates & Forecasts by End-user 2018-2027 (USD Billion)
8.4. Visitor Management System Market, Sub Segment Analysis
8.4.1. Banking, Financial Services, and Insurance
8.4.2. Healthcare and life sciences
8.4.3. Telecom and it
8.4.4. Retail and consumer goods
8.4.5. Manufacturing
Chapter 9. Global Visitor Management System Market, by Application
9.1. Market Snapshot
9.2. Global Visitor Management System Market by Applications, Performance - Potential Analysis
9.3. Global Visitor Management System Market Estimates & Forecasts by Applications 2018-2027 (USD Billion)
9.4. Visitor Management System Market, Sub Segment Analysis
9.4.1. Historical visitor tracking
9.4.2. Compliance management and fraud detection
9.4.3. Security management
9.4.4. Parking management
9.4.5. Meeting room management
9.4.6. Contact tracing
Chapter 10. Global Visitor Management System Market, Regional Analysis
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