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Envoy and Honeywell hold a market share of over 5% in the visitor management system industry. Envoy is focused on enhancing its user experience and operational efficiency with its scalable, cloud-based solutions. The company introduces features such as touchless check-ins, real-time visitor tracking, and integration with existing security and building systems. Additionally, the company’s expansion into healthcare and government sectors has increased its customer base.
Honeywell has strengthened its position in the VMS market with advanced security and IoT solutions. The company has integrated visitor management with its broader security systems, offering a unified approach to building management. Additionally, the company targets key industries such as manufacturing, government, and critical infrastructure with tailored, high-security VMS solutions.
Major players operating in the visitor management system industry include:
The market size of visitor management system reached USD 1.7 billion in 2024 and is set to grow at a 13.3% CAGR from 2025 to 2034, driven by increasing security concerns and regulatory compliance requirements.
The BFSI segment accounted for 23% of the market share in 2024, as these systems help mitigate risks by monitoring visitors, identifying threats, and ensuring compliance with regulatory standards.
The North America market held a 35% revenue share in 2024, led by stringent regulations and the adoption of advanced technologies like AI, biometrics, and cloud-based systems.
The key players in the industry include Envoy, HID Global, Honeywell, iLobby, MRI Software, Pitney Bowes, Proxyclick, Sign In Enterprise, SwipedOn, and Teamgo.