Global Visitor Management Software Market Growing On The Back Of Rising Demand For The Security Compliances, Increased Number Of Fraudulent Activities, Rising Incorporation Of Artificial Intelligence And IoT Devices, Growing Demand For Replacement Of Conventional Security Processes
The visitor management software is a tool for monitoring and recording the visitor traffic for the organization. The software is designed to provide increased security measures for protecting the critical infrastructure, energy, and port facilities of the organizations. The software secures a combination of data from various bio-metric scanning components and surveillance systems for tracking the visitor traffic of the organization.
The Global Visitor Management Software market was estimated at around USD 13 billion in 2019, and by the end of 2026, existing and expected developments would hit valuations of around USD 19 billion. The industry players and analysts predict the global Visitor Management Software market growth of around 5% in terms of CAGR.
Get a Free Sample of this report Here
The software features such as monitoring and control over unauthorized visitors increased physical security, and assistance in the reduction of fraudulent activities are the major factor driving the increased penetration of the visitor management systems in the market. The providers also offer critical data security regulations compliance which provides organizations with increased efficiency and security through the visitor management software. The vendors of offering a wide range of functionalities including compliance management, security transaction, bio-metric recognition, and video surveillance which are proving advantageous for the visitor management software operator. The vendors are integrating its offering with advanced analytics, artificial intelligence, and IoT based devices to enable intelligent management while providing security intelligence data to the operator. The competitive environment is also witnessing the adoption of market penetrating strategies by notable players such as subscription-based integrated software for the end-users.
During the upcoming years, the rising demand for security compliances and the increased number of fraudulent activities are the major factors driving the market growth. Additionally, the incorporation of IoT, data analytics, and Artificial intelligence is further expanding the growth opportunities of the market. Moreover, the rising demand for the replacement of conventional security processes is also steering the faster adoption of this platform. The growing cloud-based visitor data management in the Asia Pacific region is further propelling the market growth.
Top Market Players
- Alert Enterprise,
- AppGear Ltd.,
- BALANCE & UNIQUE Co. Ltd.,
- Building Intelligence Inc.,
- Envoy Inc.,
- Genetec Inc.,
- HID Global Corporation/ASSA ABLOY AB,
- Honeywell International Inc.,
- InVentry Limited,
- Jolly Technologies Inc.,
- Parabit Systems,
- Proxyclick,
- Quantum Secure Inc.,
- SMG Infosolutions Pvt Ltd.,
- Track force,
- WhosOnLocation.
To know an additional revised 2020 list of market players, request a sample report
Based on type, the worldwide Visitor Management Software market can be segmented into Craft Tools, Provisioning Software, Physical Identity & Access Management, and Physical Security Information Management, with the physical security information, is anticipated to dominate the type segment. In terms `of service type, the global Visitor Management Software market can be segmented into Professional Services, Deployment & Integration, and Managed Services. On the basis of application, the market can be bifurcated into Critical Infrastructure Protection, Port Security, Public Safety & Security, and Energy Security. Based on vertical, the market can be bifurcated into BFSI, Education, Healthcare & Lifesciences, Retail, Aerospace & Defense, IT & Telecom, and Government & Public Sector. The BFSI segment is projected to register the highest CAGR of around 18.5% during the forecast period. In terms of geography, the North American region is anticipated to generate maximum revenue during the studied period whereas the Asia Pacific region is projected to provide faster growth opportunities shortly. The geographical segmentation includes North America, Europe, Latin America, and Middle East & Africa in the global Visitor Management Software market.
Frequently Asked Questions
What is Visitor Management Software?
The visitor management software is a tool for monitoring and recording the visitor traffic for the organization. The software is designed to provide increased security measures for protecting the critical infrastructure, energy, and port facilities of the organizations. The software secures a combination of data from various bio-metric scanning components and surveillance systems for tracking the visitor traffic of the organization.
Request a customized copy of the report HERE
What are the key factors driving Visitor Management Software Market expansion?
Rising demand for security compliances, increased number of fraudulent activities, rising incorporation of artificial intelligence and IoT devices, growing demand for replacement of conventional security processes is projected to raise demand for the visitor management software market.
Which region will make notable contributions towards global Visitor Management Software Market revenue?
North American region is anticipated to generate maximum revenue during the studied period whereas the Asia Pacific region is projected to provide faster growth opportunities shortly.
Which are the key players leveraging Visitor Management Software Market growth?
Some of the leading and top Visitor Management Software companies in the global Visitor Management Software market include Jolly Technologies Inc., WhosOnLocation, Parabit Systems, AppGear Ltd., Quantum Secure Inc., Building Intelligence Inc., Envoy Inc., Genetec Inc., InVentry Limited, Honeywell International Inc., SMG Infosolutions Pvt Ltd., Track force, BALANCE & UNIQUE Co., Ltd., Proxyclick, HID Global Corporation/ASSA ABLOY AB, and Alert Enterprise among others.