acre security research reveals key trends in adoption of visitor management solutions

PLANO, Texas – Security systems provider acre security recently unveiled a comprehensive report on the latest trends in visitor management systems.

According to acre, the research was conducted in collaboration with Censuswide and highlights significant insights into the adoption of visitor management solutions in mission-critical industries, such as financial services and pharmaceuticals.

“Valued at $1.43 billion in 2023, the global visitor management system market is anticipated to grow substantially, reaching $3.47 billion by 2032,” acre wrote. “There are diverse and converging trends driving this market growth, reflecting the evolving needs and challenges of various industries as they look to close the gaps on security processes.”

Acre provided a number of key insights from the report that reveal more about the nature of the growth in the market:

Diverse Sector Adoption: The report reveals a stark contrast in technology adoption between the pharmaceutical and finance sectors. While 66% of pharmaceutical companies recognize the importance of visitor management systems, only 23% use cloud-based. In comparison, 38% of financial service companies have adopted cloud-based visitor management solutions, indicating a disparity in technology adoption.

Challenges and Perceptions: More than one-third of pharmaceutical companies express uncertainty about cloud-based visitor management, citing concerns over impersonality, high costs, and complexity. This reflects broader industry challenges in understanding the value and features of these systems.

Standardization and Customization Needs: There is a growing trend toward standardization, especially in larger organizations managing numerous visitors across multiple locations. Of these organizations, 44% prioritize standardization in their cloud-based visitor management platforms.

Sector-Specific Priorities: In the financial services sector, 41% of banking firms equally prioritize compliance and enhancing the visitor experience as their top concerns. Insurance companies, on the other hand, place a higher emphasis on enhancing the visitor experience and ensuring standardization across their operations.

"This research highlights the crucial balance organizations require to maintain the balance between regulatory requirements and boosting operational efficiency," said Don Joos, CEO, acre security "Cloud-based visitor management systems are pivotal in improving visitor experiences and ensuring regulatory compliance. But despite these advantages, a significant knowledge gap exists regarding their full potential. As industry leaders, we are dedicated to closing this gap, equipping organizations with the necessary insights and tools to fully utilize these innovative systems.”

Acre security has provided access to the financial services report and the pharmaceutical research here and here, respectively.