CHICAGO, April 21, 2020 /PRNewswire/ -- According to the new market research report "Visitor Management System Market by Component (Software and Services), Application (Security Management, Historical Visitor Tracking, and Parking Management), Deployment Mode, Organization Size, Industry Vertical, and Region – Global Forecast to 2025", published by MarketsandMarkets™, the global Visitor Management System Market size is expected to grow from USD 848 million in 2020 to USD 1,640 million in 2025, at a Compound Annual Growth Rate (CAGR) of 14.1% during the forecast period.
The key factors driving the Visitor Management System Market include the increase in the security breaches and the adoption of data protection regulations, including GDPR, ITAR. The different applications of Visitor Management System Market include historical visitor tracking, compliance management and fraud detection, security management, parking management, and meeting room management.
Browse in-depth TOC on "Visitor Management System Market"
99 – Tables
32 – Figures
160 – Pages
Request for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=101431341
Security management segment to hold the largest market size during the forecast period
Security is a key concern for the enterprises as the threat to enterprise data can lead to loss of integrity, availability, and confidentiality of data. It also ensures end-to-end security of data and protection of data from data intrusion by an unauthorized entity. Compliance management and fraud detection to have the highest CAGR during the forecast period. The need to ensure compliance with regulatory requirements and automate the compliance and fraud management are driving the growth of compliance management and fraud detection in Visitor Management System Market.
BFSI industry vertical to hold the largest market size during the forecast period
The BFSI industry vertical has been a competitive industry vertical that focuses on visitor data for making efficient business decisions. Using visitor management system solutions in the banking industry vertical is important as there arises a need to take security measures that would help in reducing and preventing potential threats, and tracking and identifying actual clients. Installing visitor management system software in the BFSI industry vertical decreases the cost of managing multiple systems and identities throughout organizations.
Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=101431341
North America to hold the largest market size during the forecast period
North America is expected to account for the largest market size in the Visitor Management System Market by region during the forecast period. The region houses several key vendors, such as Honeywell, AlertEnterprise, Spaln, Veristream, and Traction Guest. APAC is expected to grow at the highest CAGR during the forecast period with increasing adoption of new technologies. APAC constitutes major economies, such as China, Singapore, and Japan, which are expected to register high growth in the Visitor Management System Market. Verticals such as manufacturing, healthcare and life sciences, and government and defense are expected to rapidly adopt visitor management system software and services in the region.
The Visitor Management System Market comprises major solution providers, such as Honeywell (US), AlertEnterprise (US), SmartSpace Software plc (Bedfordshire), Genetec (Canada), Envoy (US), iLobby (Canada), Jolly Technologies (US), Vuetura Corporation (US), Asiatact (Singapore), Splan (US), Digicred Technologies (India), Veristream (US), Traction Guest (Canada), Proxyclick (Belgium), InVentry (Yorkshire), WhosOnLocation (New Zealand), Qminder (UK), Parabit System (US), Sine (Australia), and VersionX Innovations (Singapore). The study includes the in-depth competitive analysis of the key players in the Visitor Management System Market with their company profiles, recent developments, and key market strategies.
Browse Adjacent Markets: Software and Services Market Research Reports & Consulting
Browse Related Reports:
Physical Security Market by Component (Systems (PACS, PSIM, PIAM, Video Surveillance, Fire and Life Safety) and Services (ACAAS, VSAAS, Remote Monitoring, Security Systems Integration)), Organization Size, Vertical, and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/physical-security-market-1014.html
Smart Building Market by Component (Solution, Services), Solution (Security and Emergency Management, Energy Management), Services, Building Type (Commercial, Industrial), Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2024
https://www.marketsandmarkets.com/Market-Reports/smart-building-market-1169.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/visitor-management-system-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/visitor-management-system.asp
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO84772&Transmission_Id=202004211130PR_NEWS_USPR_____IO84772&DateId=20200421)
Share this article