Global Visitor Management System Market Report and Forecast 2024-2032

Global Visitor Management System Market Outlook

The global visitor management system market size reached approximately USD 1.66 billion in 2023. The market is assessed to grow at a CAGR of 15.9% between 2024 and 2032 to attain a value of around USD 6.26 billion by 2032.

Key Trends in the Market

Visitor management systems refer to solutions that are employed by organisations to track visitors such as clients, employees, consultants, and contractors, among others. They can also collect advanced security requirements such as legal documents and badges, among others. Visitor management systems can reduce the risk of vandalism and theft to enhance the security of organisations.

• One of the major visitor management system market trends includes the growing emphasis on security. Visitor management systems can verify the identity of visitors and ensure that authorised visitors are granted access to the premises to improve the security of organisations.

• There is an increasing preference for visitor management systems that can enable users to customise badge designs, visitor messaging, and welcome screens, among others. Moreover, key players are developing various systems that can offer users the convenience of pre-registering their visits and using digital passes.

• The rising demand for cloud-based solutions is driving the visitor management system market growth. Cloud-based visitor management systems offer numerous benefits such as cost-effectiveness, technical support, ease of deployment and usage, reduced requirement for maintenance, remote management, improved security, flexibility, and scalability, among others, which boost their adoption to easily monitor visitor activity and manage visitor data.

Market Analysis

Based on component, the market is segmented into software and services. On the basis of deployment, the market can be divided into on-premise and cloud. By enterprise size, the visitor management system market segmentation includes large enterprises and small and medium-sized enterprises.

The various applications of visitor management system are historical visitor tracking, compliance management and fraud detection, parking management, and security management, among others. Based on end use, the visitor management system market is categorised into banking, financial services, and insurance, healthcare and life sciences, telecom and IT, retail and ecommerce, travel and hospitality, government and public sector, transportation and logistics, and energy and utilities, among others. The major regional markets for visitor management system include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global visitor management system market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Honeywell International Inc. 

• AlertEnterprise, Inc. 

• Envoy, Inc. 

• iLobby 

• InVentry Limited 

• Jolly Technologies Inc. 

• HID Global Corporation 

• Veristream, LLC 

• piLOBI 

• Swiped On Limited 

• Others

Market Share by End-Use

The BFSI sector accounts for a significant portion of the visitor management system market share. Organisations in this sector are attempting to enhance the security of customers’ data and records while facilitating smooth check-in with improved speed and accuracy. This is boosting the demand for visitor management systems that can streamline check-in processes, securely log the entry of visitors, track visitors, and provide insights into visitor demographics and peak visitor times.

Market Share by Region

As per the visitor management system market analysis, the demand for the product in North America is significantly rising. This can be attributed to the rising emphasis on data privacy and safety in different end-use sectors such as healthcare, education, BFSI, and government, among others. In addition to this, the presence of leading players, coupled with increasing investments in technological advancements and innovations, is anticipated to fuel the market demand in the coming years.

Meanwhile, the Asia Pacific is expected to witness a healthy growth in the forecast period due to the rising focus on providing a seamless and comfortable entry experience to employees. The introduction of various government initiatives that require organisations to maintain visitor records is also likely to bolster the visitor management system market growth in the forecast period.

Competitive Landscape

HID Global Corporation is a security product manufacturer that is headquartered in Texas, the United States. Its products are used by governments and businesses to provide identity solutions to enhance the convenience of consumers. The company operates in over 100 countries, and it offers various products ranging from mobile IDs to smart cards.

iLobby is a company that provides visitor and facility management services for various enterprises. Its flagship solution, iLobby®, is used to automate and optimise several facility processes that can surge security requirements and meet regulatory requirements. Its products are used by more than 100 companies in the world.

Jolly Technologies Inc., headquartered in California, the United States, is a company that offers desktop and cloud-based software for visitor and event management. Some prominent customers of the company include Google, Nike, NASA, Dell, and 3M, among others. It was founded in 2000, and its some of its offerings are Label Flow barcode software, Lobbytrack visitor management software, and Eventleaf event registration software, among others.

Other visitor management system market players include Honeywell International Inc., AlertEnterprise, Inc., Envoy, Inc., InVentry Limited, Veristream, LLC, piLOBI, and Swiped On Limited, among others.

Key Highlights of the Report

Visitor Management System Market Report Snapshots

Visitor Management System Market Size

Visitor Management System Market Analysis

Visitor Management System Market Share

Visitor Management System Companies