Visitor Management System Market: Global Analysis, Opportunities And Forecast To 2032

Global Visitor Management System (VMS) Market size is poised to record over 12% CAGR from 2023-2032, due to high integration of facial recognition technology and AI technologies.

Of late, the growing emphasis on enhancing security as well as visitor tracking capabilities is driving the need for improving the accuracy and efficiency of visitor identification. For instance, in December 2022, Integrated Health Information Systems (IHiS) and leading health service provider SingHealth launched the new Facial Recognition Automated Visitor Management System (FRAVMS) to render smooth visitor registration to hospital wards. The surge in the number of such technological innovations will outline the market growth.

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The visitor management system industry is segmented based on component, application, deployment model, enterprise size, end user, and region.

In terms of component, the market size from the software segment may record healthy growth rate from 2023-2032. This is due to rising deployment in corporate offices, healthcare facilities, educational institutions, government agencies, and manufacturing plants to render adaptability and improved security and efficiency. The increasing preference for VMS software as they are tailored to the specific needs of diverse industries and organizations for customizing the check-in process, visitor badges, and data collection forms will further drive the market expansion.

On the basis of end-use, the VMS industry value from the education segment is expected to expand up to 2032. The growth can be attributed to the numerous benefits offered to educational institutions, such as improved safety and security as well as overall efficiency and visitor experience. Lately, VMS has grown largely popular in schools for accurately identifying and verifying visitors by scanning government-issued IDs. Rising adoption to control and monitor access to several restricted areas within the school premises, including administrative offices, labs, and storage areas will also influence the segment growth.

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Regionally, APAC visitor management system market size is projected to record notable CAGR through 2032 due to the rising trend towards digitalization. Cloud-based VMS solutions are gaining widespread popularity in the region to offer scalability and ease of implementation to organizations for managing visitors across multiple locations from central platform. The surge in the number of sustainability and green initiatives driven by the growing emphasis by organizations to limit environmental impact of their operations will also contribute to the regional industry expansion.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Visitor management system market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.2.1    Total Addressable Market (TAM), 2023-2032

2.3    Regional trends

2.4    Component trends

2.5    Enterprise size trends

2.6    Application trends

2.7    Deployment model trends

2.8    End user trends

Chapter 3   Visitor Management System Market Industry Insights

3.1    Impact on COVID-19

3.2    Russia- Ukraine war impact

3.3    Industry ecosystem analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Rising security concerns in various industries

3.10.1.2    Continuous advancements in technology

3.10.1.3    Increasing focus of businesses on expansion

3.10.1.4    High penetration of cloud computing services

3.10.1.5    Growing popularity of visitor management system in financial institutes

3.10.2    Industry pitfalls & challenges

3.10.2.1    High initial setup costs

3.10.2.2    Complexities in integration, monitoring and management

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

About Global Market Insights:

 

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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