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, 20

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

Global Visitor Management System (VMS) Market size is poised to record over 12% CAGR from 2023-2032, due to high integration of facial recognition technology and AI technologies.

Of late, the growing emphasis on enhancing security as well as visitor tracking capabilities is driving the need for improving the accuracy and efficiency of visitor identification. For instance, in December 2022, Integrated Health Information Systems (IHiS) and leading health service provider SingHealth launched the new Facial Recognition Automated Visitor Management System (FRAVMS) to render smooth visitor registration to hospital wards. The surge in the number of such technological innovations will outline the market growth.

The visitor management system industry is segmented based on component, application, deployment model, enterprise size, end user, and region.

In terms of component, the market size from the software segment may record healthy growth rate from 2023-2032. This is due to rising deployment in corporate offices, healthcare facilities, educational institutions, government agencies, and manufacturing plants to render adaptability and improved security and efficiency. The increasing preference for VMS software as they are tailored to the specific needs of diverse industries and organizations for customizing the check-in process, visitor badges, and data collection forms will further drive the market expansion.

On the basis of end-use, the VMS industry value from the education segment is expected to expand up to 2032. The growth can be attributed to the numerous benefits offered to educational institutions, such as improved safety and security as well as overall efficiency and visitor experience. Lately, VMS has grown largely popular in schools for accurately identifying and verifying visitors by scanning government-issued IDs. Rising adoption to control and monitor access to several restricted areas within the school premises, including administrative offices, labs, and storage areas will also influence the segment growth.

Regionally, APAC visitor management system market size is projected to record notable CAGR through 2032 due to the rising trend towards digitalization. Cloud-based VMS solutions are gaining widespread popularity in the region to offer scalability and ease of implementation to organizations for managing visitors across multiple locations from central platform. The surge in the number of

sustainability and green initiatives driven by the growing emphasis by organizations to limit environmental impact of their operations will also contribute to the regional industry expansion.