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Visitor Management Systems Market Overview and Forecast Report 2020-2026| Envoy, Veristream, Proxyclick, Traction Guest, SwipedOn

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Mar 04, 2020 (Xherald via COMTEX) -- The global visitor management system market can be segmented on the basis of product, services, application, end-user and region. On the basis of product, it is sub-segmented into provisioning software, physical security information management and physical identity and access management. Physical security information management is anticipated to register highest CAGR during the forecast period. The various qualities of physical security information such as data analysis, data collection, resolution, data verification, reporting, and audit trail is anticipated to major reason for the growth of the physical security information sub-segment.

Top Key players cited in the report: Envoy, Veristream, Proxyclick, Traction Guest, SwipedOn, iLobby, Sine, ALICE Receptionist, KeepnTrack, Vizito, Greetly, HID Global (EasyLobby), Tyco, Honeywell Access Control, Chubb Fire & Security Ltd, Quantum Automation, Raptor Technologies LLC, ATT Systems and others.

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Global Cloud Data Quality Radar Market Type Segments: On-premise VMS, Cloud-based VMS

Global Cloud Data Quality Radar Market Application Segments: Small and Medium Business, Large Enterprises

Visitor Management Systems Market Dynamics

Trends

The Europe region is anticipated to grow at a high CAGR owing to the presence of many large & emerging enterprises in utilities and telecom equipment providers in Germany, UK, and France.

Visitor Management Systems (VMS) are a norm in most private or public buildings. They play an essential role in the physical security of the premises of any organization. However, in a recent study, security researchers from IBM's X-Force Red uncovered a string of security flaws present in visitor management systems(VMS).

According to analysis, Europe accounts for the largest market share in 2019. With the presence of the high number of technology innovators and market disruptors in North America, the adoption of these platforms is expected to rapidly increase in the US and Canada. Several enterprises in this region are focusing on enhancing entire facilities with better security and visitor management.

Growth Drivers

The market trends for visitor management systems are primarily driven by the increasing demand from organizations to inspect and detect intruders in facilities. An integrated approach to screen and monitor visitors is driving the growth of the market. Industries and countries that are prone to security threats are expected to focus more on visitor management systems. The admin team is responsible for properly planning their activities when a visitor arrives at the facility.

Opportunities

The visitor management system is a customized solution which provides a better control of data related to the visitors who move around the office premises. This system registers, surveils, archives and recovers the customer information. It integrates numerous features such as auto-identifications of the visitors, photo-ID, finger print scanning, registration, notifications to the customers. The global Visitor Management Systems market is primarily driven by the increasing demands of tight security in the sophisticated places such as government offices, educational institutes, airports, religious places, etc. Other factors which may drive the global visitor management system market are reduction in ASP for IP based camera, and emerging government expenditure on security systems. New product development and strategic alliance may provide the global Visitor Management Systems market an opportunity propels during the forecast period. iLobby, a Canada based startup which develops visitor management software collaborated with INKAS' in order to utilize INKAS' security wing as a front desk system for managing visitors.

Asia-Pacific is anticipated to grow substantially due to the market potential in China, India, & Australia and investments in IoT, mobility, & RFID. The visitor management system market is growing with an increase in investments from governments in smart infrastructure and construction.

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