The Visitor Management System Market is estimated to grow from USD 1.6 billion in 2023 to USD 3.0 billion by 2028, at a CAGR of 13.7% during the forecast period.
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A Visitor Management System (VMS) is a digital solution designed to optimize and secure the entire visitor registration and tracking process within a facility. By utilizing visitor management software and hardware, businesses can efficiently manage the check-in process, ensure effective access control, issue digital badges or passes promptly, and maintain detailed records of all visitor activities. This system aims to create a seamless and pleasant visitor experience while enhancing security measures. With the ability to self-register or pre-register visitors, the VMS streamlines the check-in process, reducing wait times and improving overall efficiency.
Services segment to account for higher CAGR during the forecast period
Visitor management system services encompass a range of offerings designed to support organizations in effectively implementing, customizing, and maintaining their visitor management solutions. These services extend beyond the software itself to provide tailored assistance and expertise throughout the entire lifecycle of the system. Service providers typically offer consultancy to understand an organization's specific needs and security requirements, allowing for a customized solution that aligns with their operational goals.
Cloud segment is expected to hold the largest market size for the year 2023
A cloud-based visitor management system operates through software hosted on remote servers rather than locally on individual computers. These systems offer the advantage of accessibility from any device with an internet connection, catering to the needs of remote and mobile workers. Visitor management system software and data are securely stored in the cloud, enabling users to access them from virtually anywhere. Cloud-hosted systems offer quick deployment and integration with third-party platforms, essential features for an effective visitor management solution. By opting for a cloud-based Software as a Service (SaaS) solution, businesses can adopt a best-of-breed approach. Businesses, in turn, benefit from scalability, flexibility, and real-time insights into visitor activities. This shift to the cloud empowers organizations to modernize their visitor management process, providing a smoother, more accessible, and efficient experience for both visitors and administrators.
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The healthcare and life sciences vertical is projected to grow at the highest CAGR during the forecast period
The adoption of visitor management system has gained prominence as a strategic solution to address security, regulatory compliance, and patient privacy concerns in healthcare and life sciences industry. These systems play a vital role in managing visitor access, enhancing operational efficiency, and ensuring a safe environment within medical facilities, clinics, research laboratories, and other healthcare settings. visitor management system in healthcare facilitates the seamless registration, verification, and tracking of visitors, patients, vendors, and even staff. The COVID-19 pandemic has further highlighted the importance of visitor management system in healthcare. Hospitals need to carefully manage visitor flow, screen for symptoms, and enforce social distancing. visitor management system offer a technology-driven solution to help healthcare facilities adapt to these new challenges while maintaining patient safety.
The report profiles key players such as Honeywell (US), Pitney Bowes (US), SmartSpace Software PLC (US), Eptura (US) and Envoy (US).
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