Visitor Management System Market size was estimated at $0 Million in 2019 and is expected to reach $0 Million by 2027, growing at a CAGR of % during the forecast period of 2020 to 2027.
Lately, enterprises have been realizing the value of visitor management system. For uniform maintenance of check-ins, a highly efficient visitor management system is key. The visitor management solution secures businesses and simplifies visitor registration, reporting, validation, monitoring and traceability. This solution is needed for comparisons, policy, and planning. Rising need to track visitor action in enterprises is the main factor that adds to the growth of the visitor management solutions market. Organizations also incline towards the system because it detects intruders ensures compliance of statutory standards and regulations. Visitor management system market to reach from 8.48 to 16.4 billion US dollars by 2025 The various areas in which the visitor management system market has a reach are healthcare, telecom, IT, retail, hospitality, manufacturing, defence, media, education, research, and real estate. Amongst these healthcare centres see a large number of visitors where generic systems cannot store such high-frequency check-ins. Another critical technological factor that pushes the growth of the visitor management solutions market is the paperless route as it eliminates manual work and thus reduces cost as well as human error rate by eliminating paper logs. Biometric facility by the system also enables fingerprint and facial recognition. The system records visitor with photo identity, and access control such as access cards, with approved access and limitations to facilities based on the class of visitor. Visitor management system notifies employees and lets customers to self-register. Cloud-based systems expected to hold a high chunk of market share over the upcoming years. The inclination towards cloud-based solutions is increasing day by day because it is hassle-free, has improved functionalities, better integration and also gives richer visitor experience. On the other hand, threats such as data vulnerability, identity theft, difficulty in implementation of the visitor management system are expected to restrict the growth of the market. Yet, awareness regarding the potential benefits of visitor management solutions poses as a lucrative business opportunity and likely to trigger the growth of the market in the upcoming years.