Visitor Management System Market

The research study involved the use of extensive secondary sources, directories, and journals, as well as several research papers, such as A Research White Paper: the Integrated Visitor Experience, Design, and Development of Visitor Management System by mekatronika – Journal of Intelligent Manufacturing and Mechatronics, and discussion papers, such as Sustainable Visitor Management System, to identify and collect information useful for this technical and market-oriented study. During the production cycle of the report, in-depth interviews were conducted with various primary respondents, including key opinion leaders, subject-matter experts, C-level executives of various companies offering visitor management system software and services, and industry consultants, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects and industry trends.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information regarding the study. The secondary sources included annual reports; press releases; investor presentations of visitor management system solution vendors; forums; certified publications, such as Visitor Gate Pass Management System - International Journal, and new research showing visitor management software's evolution. The secondary research was mainly used to obtain key information about the industry’s value chain, the total pool of key players, market classification, and segmentation from both the market and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides of the visitor management system market ecosystem were interviewed to obtain qualitative and quantitative information for the study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives of various vendors providing visitor management system solutions, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

After the complete market engineering process (including calculations for market statistics, market breakups, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information, and verify and validate the critical numbers arrived at. The primary research helped identify and validate the segmentation types; industry trends; key players; the competitive landscape of visitor management software and services offered by several market vendors; and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key strategies.

The following is the breakup of primary profiles:

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Market Size Estimation

In the complete market engineering process, both bottom-up and top-down approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

Market Size Estimation Methodology- Top-down approach

The research methodology used to estimate the market size included the following details: the key players in the market were identified through secondary research, and their revenue contributions in the respective regions were determined through primary and secondary research. The entire procedure included studying top market players' annual and financial reports and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits, and breakups were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data was consolidated and added with detailed inputs and analysis from MarketsandMarkets.

Market Size Estimation Methodology-Bottom-up approach

In the bottom-up approach, the adoption rate of visitor management system among different end-users in key countries with respect to their regions that contribute the most to the market share was identified. For cross-validation, the adoption of visitor management system software and services among industries, along with different use cases with respect to their regions, was identified and extrapolated. Weightage was given to use cases identified in different regions for the market size calculation.  

Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the visitor management system’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major visitor management system providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and validation of data through primaries, the exact values of the overall visitor management system market size and segments’ size were determined and confirmed using the study.

Top-down and Bottom-up approaches

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Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Market Definition

According to Proxyclick, the visitor management system comprises software, tools, and applications that monitor and record information about business or public building visitors. The software also documents and gathers information about a visitor’s whereabouts in the facility.

According to Envoy, visitor management systems are tools that help organizations create or carry out their visitor management policies.

Visitor management systems make the visitor sign-in process more efficient, accurate, and consistent; they also provide the ability to store visitor information in a database. The visitor management software increases building security and protects facilities and employees. The software can be installed on a personal computer placed at the reception or deployed on a self-service kiosk. Visitor management software can be integrated with identity management software and can be scaled as per business sizes and needs.

Stakeholders

• Chief Technology and Data Officers
• Consulting Service Providers
• Visitor Management System Professionals
• Business Analysts
• Information Technology (IT) Professionals
• Government Agencies
• Investors and Venture Capitalists
• Small and Medium-sized Enterprises (SMEs) and Large Enterprises
• Third-party Providers
• Consultants/Consultancies/Advisory Firms
• Managed and Professional Service Providers

Report Objectives

• To describe and forecast the global visitor management system market by offering (software – [type, deployment mode], services), application, end user, and region
• To forecast the market size of five main regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
• To analyze the subsegments of the market with respect to individual growth trends, prospects, and contributions to the overall market
• To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for the major players
• To profile the key players of the visitor management system market and comprehensively analyze their market shares and core competencies
• To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships and collaborations, in the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix provides a detailed comparison of the product portfolio of each company

Geographic Analysis as per Feasibility

• Further breakup of the North American Visitor Management System Market
• Further breakup of the European Visitor Management System Market
• Further breakup of the Asia Pacific Visitor Management System Market
• Further breakup of the Middle East & Africa Visitor Management System Market
• Further breakup of the Latin American Visitor Management System Market

Company Information

• Detailed analysis and profiling of additional market players (up to five)