Global Visitor Management Systems Market Overview:
The visitor management system uses a computer network to monitor and record visitor information. The security of an organization is a prime factor for any organization. To manage and track visitors of an organization’s website automated visitor management system is almost essential. These Visitors may include customers, suppliers, colleagues, maintenance staff, competitors, government officers, guests, and sometimes completely unknown persons. The companies are more focusing on the visitor management system to create a safe workplace environment. The factors such as Technology Dependent Security Solutions, Increased Importance for Reducing the Negative Impact of the Visitor and Stringent Government Regulations and Policies are the key drivers for the global Visitor Management Systems market. In addition, Facial Recognition Technology for Visitor Management System also fueling the market growth. However, a Lack of Awareness about the Importance of the Visitor Management System may hamper the market growth.
Growth Drivers
- Technology Dependent Security Solutions
- Increased Importance for Reducing the Negative Impact of the Visitor
- Stringent Government Regulations and Policies
Market Trends
- Facial Recognition Technology for Visitor Management System
Roadblocks
- Lack of Awareness about the Importance of Visitor Management System
Opportunities
- Rising Smart Phone Users and Need to Access Visitor Records
Challenges
- Slow Progress in Customer Adaptation to Visitor Management System
Competitive Landscape:
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Some of the key players profiled in the report are Honeywell International Inc. (United States), HID Global Corporation (United States), Genetec Inc. (United States), WhosOnLocation (New Zealand), Trackforce (United States), Parabit Systems (United States), InVentry Ltd (United Kingdom), Jolly Technologies Inc. (United States), Quantum Secure Inc. (United States) and AlertEnterprise (United States). Additionally, following companies can also be profiled that are part of our coverage like Envoy (United States), Veristream (United States) and SwipedOn (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Visitor Management Systems market by 2026. Considering Market by Component, the sub-segment i.e. Hardware will boost the Visitor Management Systems market.
Latest Market Insights:
In December 2020, Honeywell has announced that it has acquired Sine Group, an Adelaide, Australia-based technology and software as a service (SaaS) company that provides visitor management, workplace and supply chain solutions that are readily accessible with mobile devices. Sine's technologies will support a cloud-based mobile platform for Honeywell Forge, Honeywell's enterprise performance management offering and Sine's software will augment Honeywell's Connected Buildings offerings with expanded safety, security and compliance capabilities.
On 21st March 2019, AlertEnterprise Inc. the leading physical-logical security convergence software company announced the addition of facial technology to its visitor management kiosk software. The new FRT feature provides fast and accurate on-site identity verification and makes it easy for an organization to add facial image analysis to the check-in process for employees, visitors, contractors, and guests arriving on-site.
GDPR (General Data Protection Regulation) is the most important change in data privacy regulation in European Union (EU) since 1995. The new changes have a huge impact on businesses that gather and process personal data, like visitor management systems. Therefore, providers are legally obliged to ensure that their visitor management system is GDPR compliant. GDPR is a step towards protecting the personal data and privacy of users. Users need to know how and why organizations are using their personal data.
What Can be Explored with the Visitor Management Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Visitor Management Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Visitor Management Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Visitor Management Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Visitor Management Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Visitor Management System Developers, Government Body & Associations, Research Institutes and Organizations and End-user.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.