Dublin, April 29, 2020 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
The publisher expects the global visitor management system market 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. Major growth factors for the market include the increasing demand for the software-based security system to reduce paper-based administrative work.
Healthcare and life sciences industry vertical to grow at a higher CAGR during the forecast period
Based on industry verticals, the visitor management system market is divided into healthcare and life sciences, BFSI, telecom and IT, retail and consumer goods, travel and hospitality, manufacturing, government and defense, and others (media and entertainment, education, research, and real estate). Healthcare organizations experience a large volume of visitors, and traditional systems cannot store these rapid visitor check-ins. To streamline the visitor check-in process there is a need for efficient visitor management system. It helps in preventing the security incidents caused by mismanagement of visitor identity screening that can cause psychological trauma to the patients.
Cloud deployment mode to hold a higher market share during the forecast period
Organizations have been gradually recognizing the importance of visitor management system and have started deploying them as per their needs. The popularity of cloud-based solutions is increasing day by day due to its hassle-free deployment. The improved functionalities and integrated systems are accelerating the trend of cloud-based visitor management system. Cloud-based deployment enhances visitor experience and improves the image of organizations in visitor's mind, which is expected to drive the adoption of cloud-based deployment mode.
Visitor management system market in Asia Pacific to grow at the highest CAGR during the forecast period
This growth can be attributed to the focus of countries, such as China, Singapore, and Japan, on the adoption of new technologies and the need for further advancements to leverage these technologies. The increasing urbanization and industrialization in APAC are expected to drive the adoption of visitor management system software and services in the region. 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 healthcare and life sciences, government and defense, and BFSI are expected to rapidly adopt visitor management system software and services in the region. The amendments in the Act on the Protection of Personal Information (APPI) and the Personal Data Protection Act (PDPA) have helped the market to grow significantly in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Top Three Industry Verticals
4.3 Visitor Management Market: by Region
4.4 Market in North America, by Application and Industry Vertical
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Adoption of Software-Based Security Solutions to Detect Intruders
5.2.1.2 Need to Streamline Compliance and Security Standards Across Organizations
5.2.1.3 Growing Regulatory Compliance and Regulations
5.2.2 Restraints
5.2.2.1 Deploying a Single Solution for Multiple Locations and Database Management
5.2.2.2 Challenges in Solution Deployment and Visitor Policies
5.2.3 Opportunities
5.2.3.1 Increasing Use of IoT, AI, and Big Data to Enhance Visitor Management System Adoption
5.2.4 Challenges
5.2.4.1 Data Vulnerability and Identity Theft
5.3 Industry Trends
5.3.1 Regulatory Implications
5.3.2 General Data Protection Regulation
5.3.3 the International Organization for Standardization 27001
5.3.4 California Consumer Privacy Act
5.3.5 Health Insurance Portability and Accountability Act of 1996
5.3.6 Health Information Technology for Economic and Clinical Health Act
5.3.7 Sarbanes-Oxley Act of 2002
5.3.8 Personal Data Protection Act
5.4 Use Cases
5.4.1 Use Case#1: to Enhance Visitor and Customer Experience
5.4.2 Use Case#2: to Reduce Administrative Complications Across Visitor Data
5.4.3 Use Case#3: to Detect the Entry of Intruders
5.5 Technological Impact
5.5.1 Artificial Intelligence
5.5.2 Blockchain
5.5.3 Internet of Things
5.5.4 Big Data and Analytics
5.6 Covid-19 Effect on Visitor Management System Market
6 Visitor Management System Market, by Component
6.1 Introduction
6.2 Software
6.2.1 Software: Market Drivers
6.3 Services
6.3.1 Managed Services
6.3.1.1 Managed Services: Market Drivers
6.3.2 Professional Services
6.3.2.1 Consulting
6.3.2.1.1 Consulting: Market Drivers
6.3.2.2 Deployment and Integration
6.3.2.2.1 Deployment and Integration: Market Drivers
7 Visitor Management System Market, by Application
7.1 Introduction
7.2 Historical Visitor Tracking
7.2.1 Historical Visitor Tracking: Market Drivers
7.3 Compliance Management and Fraud Detection
7.3.1 Compliance Management and Fraud Detection: Market Drivers
7.4 Security Management
7.4.1 Security Management: Market Drivers
7.5 Parking Management
7.5.1 Parking Management: Market Drivers
7.6 Meeting Room Management
7.6.1 Meeting Room Management: Market Drivers
8 Visitor Management System Market, by Deployment Mode
8.1 Introduction
8.2 On-Premises
8.2.1 On-Premises: Market Drivers
8.3 Cloud
8.3.1 Cloud: Market Drivers
9 Visitor Management System Market, by Organization Size
9.1 Introduction
9.2 Large Enterprises
9.2.1 Large Enterprises: Market Drivers
9.3 Small and Medium-Sized Enterprises
9.3.1 Small and Medium-Sized Enterprises: Market Drivers
10 Visitor Management System Market, by Industry Vertical
10.1 Introduction
10.2 Healthcare and Life Sciences
10.2.1 Use Cases in Healthcare and Life Sciences
10.2.2 Healthcare and Life Sciences: Market Drivers
10.3 Banking, Financial Services and Insurance
10.3.1 Use Cases in Banking, Financial Services and Insurance Industry Vertical
10.3.2 Banking, Financial Services and Insurance: Market Drivers
10.4 Telecom and Information Technology
10.4.1 Use Cases in Telecom and Information Technology Industry Vertical
10.4.2 Telecom and Information Technology: Market Drivers
10.5 Retail and Consumer Goods
10.5.1 Use Cases in Retail and Consumer Goods Industry Vertical
10.5.2 Retail and Consumer Goods: Market Drivers
10.6 Manufacturing
10.6.1 Use Cases in Manufacturing Industry Vertical
10.6.2 Manufacturing: Market Drivers
10.7 Travel and Hospitality
10.7.1 Use Cases in Travel and Hospitality Industry Vertical
10.7.2 Travel and Hospitality: Market Drivers
10.8 Government and Defense
10.8.1 Use Cases in Government and Defense Industry Vertical
10.8.2 Government and Defense: Market Drivers
10.9 Others
10.9.1 Use Cases in Others Industry Vertical
11 Visitor Management System Market, by Region
11.1 Introduction
11.2 North America
11.2.1 North America: Market Drivers
11.2.2 United States
11.2.3 Canada
11.3 Europe
11.3.1 Europe: Market Drivers
11.3.2 United Kingdom
11.3.3 Germany
11.3.4 France
11.3.5 Rest of Europe
11.4 Asia-Pacific
11.4.1 Asia-Pacific: Market Drivers
11.4.2 China
11.4.3 Japan
11.4.4 Singapore
11.4.5 Rest of Asia-Pacific
11.5 Middle East and Africa
11.5.1 Middle East and Africa: Market Drivers
11.5.2 Middle East
11.5.3 South Africa
11.6 Latin America
11.6.1 Latin America: Market Drivers
11.6.2 Brazil
11.6.3 Mexico
11.6.4 Rest of Latin America
12 Competitive Landscape
12.1 Overview
12.2 Competitive Leadership Mapping
12.2.1 Visionary Leaders
12.2.2 Innovators
12.2.3 Dynamic Differentiators
12.2.4 Emerging Companies
13 Company Profiles
13.1 Introduction
13.2 Envoy
13.3 Veristream
13.4 Proxyclick
13.5 Traction Guest
13.6 Alertenterprise
13.7 Smartspace Software plc
13.8 Honeywell
13.9 Inventry
13.1 Genetec
13.11 Whosonlocation
13.12 Ilobby
13.13 Qminder
13.14 Jolly Technologies
13.15 Parabit Systems
13.16 Sine
13.17 Vuetura
13.18 Asiatact
13.19 Versionx
13.20 Splan
13.21 Digicred Technologies
For more information about this report visit https://www.researchandmarkets.com/r/3qw5u9
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.