Visitor Management System (VMS) Market Size - By Application (Public Safety & Security, Compliance Management & Fraud Detection, Historical Visitor Tracking, Parking Management), Component, Deployment Model, Enterprise Size, End User & Global Forecast, 2023 - 2032
Published Date: April - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationVisitor Management System Market Size
Visitor Management System Market size was USD 1.4 billion in 2022 and is projected to register a CAGR of more than 12% during the forecast period of 2023 to 2032. Increasing fraud and unauthorized access concerns have emerged as major drivers for the market size. Organizations and institutions are implementing VMS solutions to enhance security measures by authenticating visitor identities, performing background checks, and integrating access control systems. The technology's capability to identify and block fraudulent entries protects sensitive data & assets while meeting compliance needs, and it is a critical part of contemporary security infrastructure.
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One of the key drivers fueling the visitor management system market is the increased focus on security and risk reduction. Organizations from different industries are more and more worried about protecting their premises, data, and staff. VMS solutions provide an effective way to monitor & control visitor access, strengthening the overall security framework. As security threats and breaches continue to emerge, the requirement for effective visitor management systems is more critical than ever, driving businesses to spend on these solutions in order to have a safe & secure environment.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Visitor Management System Market Size in 2022 | USD 1.4 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 12% |
| 2032 Value Projection | USD 4.3 Billion |
| Historical Data for | 2018 - 2022 |
| No. of Pages | 300 |
| Tables, Charts & Figures | 407 |
| Segments covered | Component, Application, Deployment Model, Enterprise Size, End User |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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The high initial investment of visitor management systems can be a major barrier to visitor management system market growth. It can discourage many organizations, particularly small- & medium-sized enterprises, due to the huge investment needed for visitor management system hardware, software, and integration with the existing infrastructure. This cost barrier can hinder adoption rates and cap market growth, despite the long-term advantages of enhanced security and visitor management. Providers of visitor management systems ought to mitigate cost issues to secure a wider number of clients.
COVID-19 Impact
The pandemic of COVID-19 had positive effects on the visitor management system market. Companies across the globe emphasized health and safety, which saw more demand for visitor management system solutions that accommodate contactless check-in, health screening, and capacity control. Visitor management systems were at the center of assisting companies in transforming during pandemic-related issues, adhering to social distancing and health measures. The market, therefore, grew as companies appreciated its worth in safeguarding visitors and employees during & beyond the pandemic.
Visitor Management System Market Trends
Robotic security solutions will improve the growth of the visitor management system market by providing superior features like self-driving visitor screening and monitoring. For example, in July 2023, Guardforce AI Co. Ltd. partnered with Concorde Security Pte Ltd. to launch a pioneering robotic security solution in the Singapore market. Concorde, one of the leading security providers in Singapore, offers innovative & cost-effective security solutions for office complexes, residential buildings, schools, industrial logistic parks, and hotels. Such collaboration prompts organizations to implement thorough visitor management system solutions, hence propelling market demand.
Visitor Management System Market Analysis
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The cloud segment accounted for more than 60% of the visitor management system market share in 2022, as it offers organizations accessibility, scalability, and cost-effectiveness. With a cloud-based visitor management system, users can easily access the system from anywhere, thus enabling greater flexibility. Cloud solutions' scalability supports different volumes of visitors and business sizes.
Moreover, the pay-as-you-go model lowers the initial cost, making it more affordable. Moreover, cloud visitor management systems provide quick deployment, automated updates, strong security features, and easy integration with other cloud services, giving a strong reason for organizations to adopt an efficient & future-proof visitor management solution.
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The BFSI sector held a 23% share of the visitor management system market in 2022. Visitor management systems are critical in mitigating risk within the BFSI industry. Visitor management systems identify potential security risks and suspicious activity in real-time by closely monitoring and tracking visitors. Such a proactive system allows for early intervention, which lowers the chances of security breaches, fraud, or unauthorized access to sensitive financial information and infrastructure.
Furthermore, visitor management systems create comprehensive visitor logs and access records, aiding in post-incident investigations & compliance reporting, which are vital for maintaining regulatory adherence and minimizing legal liabilities in the highly regulated BFSI industry.
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North America visitor management system market accounted for over 36% of revenue in 2022. Increasing demand to mitigate school threats in the United States is fueling the market. Increased worries regarding pupil safety and unapproved entry have prompted educational institutions to spend money on VMS solutions that fortify security.
For example, last June 2023, acting on the intensified frequency of unlawful access and intensified concerns regarding national school safety, Wake County Schools launched a new visitor management system. District authorities rolled out guidelines and procedures encompassing the enactment of the new system at an evening meeting of the school board policy committee. This initiative is focused on improving security practices taking into account the increasing danger of mass shootings and addressing proactively safety concerns in schools all over the country. The critical need to address security concerns has driven the use of visitor management system technology, driving VMS market growth.
Visitor Management System Market Share
Major companies operating in the visitor management system market are
These companies invest in research and development to enhance their existing visitor management solutions and introduce new features. Innovation helps them stay ahead of competitors and cater to evolving customer needs.
Visitor Management System Industry News
- In May 2023, Tango, a prominent provider of Integrated Workplace Management Systems (IWMS) and Store Lifecycle Management (SLM) solutions, launched Tango Visitor, an innovative visitor management system. This system guarantees a smooth & secure guest experience for both employees and visitors along with empowering organizations to address and reduce risks stemming from unforeseen business continuity disruptions.
This visitor management system (VMS) market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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Market, By Component
- Software
- Services
Market, By Application
- Public safety & security
- Compliance management & fraud detection
- Historical visitor tracking
- Parking management
- Others
Market, By Deployment Model
- On-premises
- Cloud
Market, By Enterprise Size
- Large enterprise
- SMEs
Market, By End User
- BFSI
- IT & telecom
- Defense & aerospace
- Government
- Education
- Retail
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Nordics
- Asia Pacific
- China
- Japan
- India
- South Korea
- ANZ
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
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