Visitor Management Solutions Market : Industry Outlook, Growth Prospects and Key

Posted by Harshad Borde on May 21st, 2019

Visitor management solutions monitor movement of visitors in an organization, provides visitor record with photo identity, and access control for visitors. Visitor management solutions enable the monitoring and tracing of individuals within a building or complex. Using the automation process reduces manual work significantly such as registering and tracking. Manual paperwork is also reduced with wide-ranging electronic data export and sharing. Visitor management is an efficient solution, which helps organizations to achieve better control over visitor actions in their locations. It is a software based solution, which records, captures, recovers, and monitors visitor information, so as to manage visitor traffic inside the building/ office.

This solution is needed for comparisons, policy, and planning. Rising need to track visitor actions in numerous organizations is the main factor that contributes to the growth of the visitor management solutions market.

Visitor management solutions have several features such as fingerprint scanning or photo ID, and automated pre-registration. It generates access cards, with approved access and limitations to facilities based on the type of visitor. Visitor management solutions provide touch screen feel to visitors, delivers notification to employees, and allows visitors to self-register. It eliminates human errors and ensures high level of security of the premises.

Visitor management solutions have several benefits such as it reduces the time required to register new and returning visitors, replaces paper logs with a live application that offers better traceability, enables staff to already enrolled visitors via a web application that needs no software installation, and tracks visitor movements through the facility and validates them against recorded or live video. The visitor management solution secures businesses and simplifies visitor registration, reporting, and tracking.

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This visitor management software can lessen the difficulty of traditional visitor management software. It is affordable and a cloud-based biometric solution that supports fingerprint and face recognition. The main factor that drives the growth of the visitor management solutions market is the paperless method to visitor management, as it reduces manual work and decreases cost by avoiding paper logs to track visitor departure and arrival times. These factors are projected to drive the growth of the visitor management solutions market in the near future. However, challenges in the visitor management system is projected to restrain the growth of the market. Nevertheless, adoption of visitor management solutions and awareness regarding the potential benefits of visitor management solutions are the factors identified as new business opportunities and likely to fuel the growth of the market during the forecast period.

The global visitor management solutions market can be segmented based on component, industry, and region. On the basis of component, the market can be bifurcated into software, hardware, consumables, and services. Based on industry, the market can be categorized into healthcare, manufacturing, media and entertainment, energy and utilities, automotive, BFSI, education, aerospace and defense, retail, and hospitality.

In terms of region, the global visitor management solutions market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to hold the leading share of the global visitor management solutions market during the forecast period due to the presence of global players in the region.

Leading companies operating in the global visitor management solutions market include AlertEnterprise, Genetec, Inc., HID U.S Corporation, Honeywell International, Inc., InVentry Ltd., Jolly Technologies Inc., Parabit Systems, PDC IDenticard, Quantum Secure, Inc., Trackforce, Touch Point, Inc., Keytech Security Solutions, and WhosOnLocation, Inc. Companies are concentrating on launching innovative services to strengthen their position in the market and increase their customer base. They are also investing in research and development and concentrating on providing customized services.