Artificial Intelligence
Global Visitor Management Software Market Size Will Reach USD 19 Billion by 2026, Growing preference for paperless administrative functions to steer the market growth: Facts & Factors
New York, NY, Nov. 26, 2020 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Visitor Management Software Market By Type (Provisioning Software, Physical Identity & Access Management, and Physical Security Information Management), By Service Type (Professional Services, Deployment & Integration, and Managed Services), By Application Type (Critical Infrastructure Protection, Port Security, Public Safety & Security, and Energy Security), and By Vertical (BFSI, Education, Healthcare & Lifesciences, Retail, Aerospace & Defense, IT & Telecom, and Government & Public Sector): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the research study, the global Visitor Management Software Market was estimated at USD 13 billion in 2019 and is expected to reach USD 19 billion by 2026. The global Computer Reservation Systems (CRS) Market is expected to grow at a compound annual growth rate (CAGR) of 5% from 2020 to 2027.
Global Visitor Management Software Market Growing On The Back Of Rising Demand For The Security Compliances, Increased Number Of Fraudulent Activities, Rising Incorporation Of Artificial Intelligence And IoT Devices, Growing Demand For Replacement Of Conventional Security Processes
The visitor management software is a tool for monitoring and recording the visitor traffic for the organization. The software is designed to provide increased security measures for protecting the critical infrastructure, energy, and port facilities of the organizations. The software secures a combination of data from various bio-metric scanning components and surveillance systems for tracking the visitor traffic of the organization.
Browse through 34 Tables & 100 Figures spread over 190+ Pages and in-depth TOC on “Visitor Management Software Market Size & Share 2020 Updated Analysis and Global Forecast to 2027”.
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The software features such as monitoring and control over unauthorized visitors increased physical security, and assistance in the reduction of fraudulent activities are the major factor driving the increased penetration of the visitor management systems in the market. The providers also offer critical data security regulations compliance which provides organizations with increased efficiency and security through the visitor management software. The vendors of offering a wide range of functionalities including compliance management, security transaction, bio-metric recognition and video surveillance which are proving advantageous for the visitor management software operator. The vendors are integrating its offering with advanced analytics, artificial intelligence and IoT based devices to enable intelligent management while providing security intelligence data to the operator. The competitive environment is also witnessing the adoption of market penetrating strategies by notable players such as subscription-based integrated software for the end-users.
During the upcoming years, the rising demand for security compliances and the increased number of fraudulent activities are the major factors driving the market growth. Additionally, the incorporation of IoT, data analytics, and Artificial intelligence is further expanding the growth opportunities of the market. Moreover, the rising demand for replacement of conventional security processes is also steering the faster adoption of this platform. The growing cloud-based visitor data management in the Asia Pacific region is further propelling market growth.
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Top Market Players
Some of the leading and top Visitor Management Software companies in the global Visitor Management Software market include Jolly Technologies Inc., WhosOnLocation, Parabit Systems, AppGear Ltd., Quantum Secure Inc., Building Intelligence Inc., Envoy Inc., Genetec Inc., InVentry Limited, Honeywell International Inc., SMG Infosolutions Pvt Ltd., Track force, BALANCE & UNIQUE Co., Ltd., Proxyclick, HID Global Corporation/ASSA ABLOY AB, and Alert Enterprise among others. The leading five players such as Fiskars Group, Faber-Castell, Parker, Westcott, and Mundial hold around 25% market share of the global Visitor Management Software market.
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Growing preference for paperless administrative functions to steer the market growth
The growth of the market during the forecast timeline is owing to many of the registrations and documentations performed in a paperless manner. Additionally, firms prefer saving, maintaining, and managing visitor data in an electronic form. Additionally, strict government rules pertaining to maintaining the registers of visitor data will favorably leverage the expansion of the visitor management software industry during the forecast period.
Physical security information management to lead the type segment by 2027
The growth of the segment during the period from 2019 to 2027 is due to a rise in the use of physical security information management services in a myriad number of business verticals.
BFSI segment to register highest CAGR during the forecast period
The segment is predicted to record the highest growth rate of more than 18% during the forecast timeline. The growth of the segment during the forecast timeline is due to high-security issues occurring at the time of financial transactions as well as financial activities.
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Based on type, the worldwide Visitor Management Software market can be segmented into Craft Tools, Provisioning Software, Physical Identity & Access Management, and Physical Security Information Management, with the physical security information, is anticipated to dominate the type segment. In terms `of service type, the global Visitor Management Software market can be segmented into Professional Services, Deployment & Integration, and Managed Services. On the basis of application, the market can be bifurcated into Critical Infrastructure Protection, Port Security, Public Safety & Security, and Energy Security. Based on vertical, the market can be bifurcated into BFSI, Education, Healthcare & Lifesciences, Retail, Aerospace & Defense, IT & Telecom, and Government & Public Sector. The BFSI segment is projected to register the highest CAGR of around 18.5% during the forecast period.
In terms of geography, the North America region is anticipated to generate maximum revenue during the studied period whereas the Asia Pacific region is projected to provide faster growth opportunities shortly. The geographical segmentation includes North America, Europe, Latin America, and Middle East & Africa in the global Visitor Management Software market.
Browse the full “Visitor Management Software Market By Type (Provisioning Software, Physical Identity & Access Management, and Physical Security Information Management), By Service Type (Professional Services, Deployment & Integration, and Managed Services), By Application Type (Critical Infrastructure Protection, Port Security, Public Safety & Security, and Energy Security), and By Vertical (BFSI, Education, Healthcare & Lifesciences, Retail, Aerospace & Defense, IT & Telecom, and Government & Public Sector): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027″ report at https://www.fnfresearch.com/visitor-management-software-market-by-type-provisioning-software-137
This report segments the Visitor Management Software market as follows:
Visitor Management Software Market: By Type Analysis
- Provisioning Software
- Physical Identity & Access Management
- Physical Security Information Management
Visitor Management Software Market: By Service Type Analysis
- Professional Services
- Deployment & Integration
- Managed Services
Visitor Management Software Market: By Application Type Analysis
- Critical Infrastructure Protection
- Port Security
- Public Safety & Security
- Energy Security
Visitor Management Software Market: By Vertical Analysis
- BFSI
- Education
- Healthcare & Lifesciences
- Retail
- Aerospace & Defense
- IT & Telecom
- Government & Public Sector
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Artificial Intelligence
XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform
CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.
XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence
ICIS and Base Oil News Announce Partnership to Enhance Market Insights
LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.
With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Artificial Intelligence
Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform
SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.
Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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