In a recent published report, Kenneth Research has updated the market report for Visitor Management System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Visitor Management System Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Product Overview
Visitor management system is the solution that provides the better control of the movement of the visitor in the office premises. It also delivers the touch screen experience to the visitors. It is software that is used to keep the records, monitors, captures and recovers the customer information. The various features associated with the visitor management are auto-identification of frequent visitors and fingerprint scanning. It generates the access cards with authorized access based on the type of the visitor. This software enables the visitors to self-register and delivers the notification to employees. It eliminates the human errors and ensures high level of the performance and security of the employees in the premises.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Market Size and Forecast
The global visitor management system market is anticipated to expand at a CAGR around 15.5 % during 2018-2027. It is anticipated to reach around USD 7.0 billion market size by 2027. This is attributed to the increasing demand for enhancing the safety and security by keeping the record of the visitors coupled with the increasing need for improving the administrative work.
The global visitor management system market can be segmented on the basis of product, services, application, end-user and region. On the basis of product, it is sub-segmented into provisioning software, physical security information management and physical identity and access management. Physical security information management is anticipated to register highest CAGR during the forecast period. The various qualities of physical security information such as data analysis, data collection, resolution, data verification, reporting, and audit trail is anticipated to major reason for the growth of the physical security information sub-segment. On the basis of the service, it is sub-segmented into managed services, professional services and deployment & integration. On the basis of the application, it is sub-segmented into public safety & security, critical infrastructure protection, port security and energy security. On the basis of end-user, it is sub-segmented into healthcare & life sciences, BFSI, retail, it & telecom, aerospace & defense, government, education and others.
By region, global visitor management system market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to contribute the highest market share for the global visitor management system market during the forecast period. The presence of the highly developed industrial infrastructure in the region is encouraging the deployment of the visitor management system which is expected to boost the growth of the global visitor management system market in the region. Asia-Pacific region is anticipated to be the fastest developing region for the global visitor management system market. This is on the account of the increasing urbanization and industrialization in the region coupled with expanding sectors such as manufacturing, hospitality and information technology.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Key Players
Quantum Secure Inc
Parabit Systems
HID Global Corporation
WhosOnLocation
AlertEnterprise
Jolly Technologies Inc.
Genetec Inc.
Honeywell International Inc.
InVentry Ltd.
Trackforce
Market Segmentation
Our in-depth analysis segmented the global visitor management system market in the following segments:
By Product:
Provisioning Software
Physical Security Information Management
Physical Identity and Access Management
By Service:
Managed Services
Professional Services
Deployment & Integration
By Application:
Public Safety & Security
Critical Infrastructure Protection
Port Security
Energy Security
By End-User:
Healthcare & Life sciences
BFSI
Retail
IT & Telecom
Aerospace & Defense
Government
Education
Others
By Region
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