The visitor management allows the management and handling of visitors for any organization, hotels, and industries. It comprises numerous software and solutions that enable users to monitor, manage, and keep track of visitors. In addition, other benefits of visitor management comprise a strong brand reputation, comfort and safety of the working environment, site security, reduced cost of operations, and others.
It’s being expected that by 2031, the Growing need to streamline the visitor management procedure to enhance productivity is boosting the Visitor Management market cap will hit US$ 4.4 Bn at a CAGR growth of about 12.4%.
.jpg "The Global Visitor Management Market 2021-2031 (USD Billion)")
Furthermore, growing need to reduce the negative impacts of inefficient processes for managing visitors and to provide better services to the visitors are the key factors driving the market demand for visitor management solutions. However, lack of awareness about visitor management solutions is anticipated to hamper the market growth in forthcoming years.
Growing customer expectations for better services
The visitor management systems and solutions allow the tracking and management of visitors entering and exiting any office or building premises. However, due to increasing concerns over the security of personnel & their belongings, infrastructures, and others is driving the demand for visitor management solutions. In addition, the growing number of tech-savvy customers has become more demanding and rational, therefore demanding better services including belongings security, timely services, and others. Thus, such factors combined driving the demand for visitor management solutions.
Lack of awareness about the visitor management systems & solutions
The visitor management not only allows organizations and industries to monitor visitors but also allows them to record in and outs continuously. It eradicates the manual paper works and physical recording systems by replacing them with completely digital hardware and software solutions. However, there are still several organizations that are completely unaware of visitor management solutions and its features, which is the major factor hindering the market growth. In addition, several industry players in retail and hoteling still prefer conventional methods of managing their visitor records, which is also one of the key reasons impeding the market growth.
The cloud deployment segment is anticipated to experience the highest demand during the forecast period
The increasing trend of digitization and cloud adoption is the major factor driving the market growth of this segment. In addition, the majority of the market vendors are providing cloud-based visitor management software along with mobile and web applications due to increasing preference for cloud deployment solutions among users. Moreover, the flexibility associated with the cloud deployment and cloud storage feature is the key reason boosting the growth of this segment.
Asia-Pacific will lead the growth in Visitor Management Market
North America is anticipated to hold the major market share in the global Visitor Management market. However, Asia-Pacific (APAC) is estimated to hold the highest CAGR during the forecast period. The growth of the visitor management market in Asia-Pacific is predominantly attributed to the increase in security standards among numerous industries such as retail, healthcare, smart manufacturing, and others.
On the contrary, North America is likely to dominate the global visitor management market due to, the existence of key market players in this region. Moreover, increasing the need to secure work premises security is also the key factor fuelling the market growth in this region.
Key Market Players
• AlertEnterprise
• Genetec Inc.
• HID Global Corporation
• Honeywell International Inc.
• InVentry Ltd.
• Proxyclick
• Parabit Systems
• Quantum Secure Inc.
• Trackforce
• WhosOnLocation
• Others
Visitor Management Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | US$ 4.4 Bn |
| Growth Rate | CAGR of 12.4% during 2021-2031 |
| Segment Covered | By Component, Platform, End User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Honeywell, Pitney Bowes, Envoy, SmartSpace Software Plc, Jolly Technologies, MRI Software, Alcatraz, Legrand, Splan, HID Global, and others. |
Key Segment Of The Visitor Management Market
Component (USD Billion)
o Visitor Management Software
o Services
• Integration & Implementation
• Consulting
• Support & Maintenance
Platform, (USD Billion)
• Web-based (Desktop App)
• Mobile App
End User, (USD Billion)
• Gated Communities
• Corporate Offices
• Healthcare Facilities
• Hospitality
• Academic Institutions
• Real Estate Property
• Others
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa