A visitor management system lowers the expense of stationery purchases and the need for a dedicated employee at the front desk to update visitor information.
The global market for visitor management systems is expected to reach US$ 1.20 billion by 2021, according to Future Market Insights. (FMI). The adoption of visitor management systems is rising due to the demand for paperless operations in enterprises. Visitor management software speeds automatic check-in and automatically registers the data, eliminating the need for logbooks and registers. When used on-site, digital badges take the place of printed or RFID cards and grant permission for internal access.
Since the system can verify visitors by issuing distinctive visitor ID and digital badges, visitor management is becoming more and more popular.
Due to their focus on providing excellent customer service and the high volume of visitors they receive each day, banks and other financial institutions are predicted to grow at a CAGR of 18.2% over the anticipated year. The need for visitor management systems is increasing as a result of the desire to effortlessly plan and schedule visits.
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Key Takeaways: Visitor Management System Market
COVID-19 Impact to be Positive for Visitor Management System Market
Businesses are adjusting their business strategies to account for the effects of the COVID-19 epidemic and embracing reality. To ensure business continuity, organisations are putting cutting-edge technologies and a variety of solutions into practise. Additionally, they are increasingly employing visitor management software. Some businesses are now obligated to allow more guests and contractors into their premises, even though they are solely responsible for the safety of their employees, visitors, and contractors.
Business security is improved by visitor management software, which also warns of potential risks. It has been created to assist organisations in accepting full responsibility for safeguarding the safety of their personnel, facilities, and intellectual property.
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FMI has projected the visitor management system market is estimated to grow around 13% to 15% Y-o-Y from 2019 to 2021.
Who is Winning?
HID Global, Greetly, piLOBI, Ezy Signin, SwipedOn, Envoy, Proxyclick, Vizitor Inc., and Traction Guest are just a few of the major companies in this sector.
For instance, HID Global introduced HID Signo in March 2020 to make it easier for businesses to adopt and manage enhanced security requirements.
Visitor Management System Market Key Segments
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Mobile Technology-based Cost-effective Visitor Management System for Smart Offices
By combining the capabilities of mobile technology with inexpensive WiFi modules, visitor management systems offer a practical technological solution for smart businesses. This is a cost-effective way to establish the system for controlling visitors in an office setting. The demand for mobile technology-based visitor management systems is being driven by the growing requirement for greater security and assuring health and safety. In order to send SMS and email notifications, record visitor information, and sign-in for guests and workers using an iPad, the web, or a mobile device, this system is also used.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Feb 07, 2023
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