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Visitor Management System (VMS) Market Trends

  • Report ID: GMI6675
  • Published Date: Dec 2024
  • Report Format: PDF

Visitor Management System Market Trends

Businesses are increasingly moving towards cloud computing for more flexible, scalable, and cost-effective visitor management solutions. Cloud-hosted VMS software allows organizations to easily integrate with other enterprise systems, such as building management and security systems. This is particularly useful for companies with multiple locations, enabling real-time monitoring and visitor tracking across all sites. Additionally, leading VMS providers are also investing in user-friendly interfaces and self-service kiosks to improve the visitor experience. These innovations make check-ins smoother and provide real-time notifications, enhancing the professionalism and efficiency of front desk operations.
 

Robotic security solutions are set to boost the visitor management system market by adding features such as autonomous visitor screening and surveillance. For instance, in July 2023, Guardforce AI Co. Ltd. partnered with Concorde Security Pte Ltd. to launch a new robotic security solution in Singapore. Concorde, a top security provider in Singapore, offers advanced and affordable security solutions for office buildings, residential complexes, schools, industrial logistic parks, and hotels. This partnership encourages organizations to adopt comprehensive visitor management systems, driving market growth.
 

High initial setup costs for visitor management systems can hinder market growth. Small and medium-sized enterprises, in particular, may be put off by the significant investment needed for hardware, software, and integration with existing systems. This financial barrier can slow adoption rates and limit market expansion. Visitor management system providers need to address these cost concerns to attract more clients.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

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.

Visitor Management System Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 19
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 175
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