The global Visitor Management Systems market size is expected to grow from $884 million in 2020 to $16.4 million in 2025 with an average annual growth rate (CAGR) of 14% over the forecast period. Key growth drivers of the market include the need to track and record all information of relevant visitors and employees to prevent unauthorized access and movement within the organization. To drive the growth of the Visitor Management Systems market, there is a growing need to ensure regulatory compliance under new regulations such as GDPR (General Data Protection Regulation) and APPI (Personal Data Protection Act).
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Global Visitor Management System Market Key Market Players
The visitor management system market comprises key solution providers, such as Honeywell (US), AlertEnterprise (US), SmartSpace Software plc (Bedfordshire), Genetec (Canada), Envoy (US), iLobby (Canada), Jolly Technologies (US), Vuetura (US), Asiatact (Singapore), Splan (US), Digicred Technologies (India), Veristream (US), Traction Guest (Canada), Proxyclick (Belgium), InVentry (Yorkshire), WhosOnLocation (New Zealand), Qminder (UK), Parabit System (US), Sine (Australia), and VersionX Innovations (Singapore).
Visitor Management System Market: Segmentation
The global market for the visitor management system is fragmented into its component and end user. Based on the component, the global market is segregated into hardware and software. Based on the end user, the market is categorized into manufacturing, BFSI, information technology, hospitality, aerospace & defense, government, healthcare & medical, education, energy & utilities, retail, and others.
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