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Visitor Management System (VMS) Market Share

Report ID: GMI6675
Published Date: Sep 2023
Report Format: PDF

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Visitor Management System Market Share

Major companies operating in the visitor management system market are:

Honeywell International Inc.
HID Global
iLobby
Envoy
Pitney Bowes
Veristream
MRI Software LLC

These companies invest in research and development to enhance their existing visitor management solutions and introduce new features. Innovation helps them stay ahead of competitors and cater to evolving customer needs.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of visitor management system (VMS) reached USD 1.4 billion in 2022 and is set to witness over 12% CAGR from 2023 to 2032, due to the rising concerns over fraud and unauthorized access.

The cloud deployment model segment recorded over 60% of the market share in 2022, driven by benefits, such as rapid deployment, automatic updates, robust security measures, and seamless integration with other cloud services.

The BFSI end user segment held over 23% of the market share in 2022, owing to the rising need to identify potential security threats and suspicious activities in real time.

Few of the major industry participants are Honeywell International Inc., HID Global, iLobby, Envoy, Pitney Bowes, Veristream, and MRI Software LLC.