Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Product Overview
Visitor management system is the solution that provides the better control of the movement of the visitor in the office premises. It also delivers the touch screen experience to the visitors. It is software that is used to keep the records, monitors, captures and recovers the customer information. The various features associated with the visitor management are auto-identification of frequent visitors and fingerprint scanning. It generates the access cards with authorized access based on the type of the visitor. This software enables the visitors to self-register and delivers the notification to employees. It eliminates the human errors and ensures high level of the performance and security of the employees in the premises.
Market Size and Forecast
The global visitor management system market is anticipated to expand at a CAGR around 15.5 % during 2018-2027. It is anticipated to reach around USD 7.0 billion market size by 2027. This is attributed to the increasing demand for enhancing the safety and security by keeping the record of the visitors coupled with the increasing need for improving the administrative work.
The global visitor management system market can be segmented on the basis of product, services, application, end-user and region. On the basis of product, it is sub-segmented into provisioning software, physical security information management and physical identity and access management. Physical security information management is anticipated to register highest CAGR during the forecast period. The various qualities of physical security information such as data analysis, data collection, resolution, data verification, reporting, and audit trail is anticipated to major reason for the growth of the physical security information sub-segment. On the basis of the service, it is sub-segmented into managed services, professional services and deployment & integration. On the basis of the application, it is sub-segmented into public safety & security, critical infrastructure protection, port security and energy security. On the basis of end-user, it is sub-segmented into healthcare & life sciences, BFSI, retail, it & telecom, aerospace & defense, government, education and others.
By region, global visitor management system market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to contribute the highest market share for the global visitor management system market during the forecast period. The presence of the highly developed industrial infrastructure in the region is encouraging the deployment of the visitor management system which is expected to boost the growth of the global visitor management system market in the region. Asia-Pacific region is anticipated to be the fastest developing region for the global visitor management system market. This is on the account of the increasing urbanization and industrialization in the region coupled with expanding sectors such as manufacturing, hospitality and information technology.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global visitor management system market in the following segments:
By Product:
By Service:
By Application:
By End-User:
By Region
Global visitor management system market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The increasing adoption of the software based security options in order to address the various insurance and compliance issues is anticipated to be the primary growth driver for the global visitor management system market during the forecast period. Additionally, the increasing adoption of the paper-less administrative work by the various organizations is also driving the global visitor management system market. The increasing preference for the development of the services which include self-sign in and pre-registration facilities is increasing the demand for the visitor management system.
However, less awareness about the visitor management system is expected to hinder the growth of the global visitor management system market during the forecast period.
Key Players
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