Video Management Software Market | COVID – 19 Analysis, Business Trends, Global Segments by Forecast 2027
Market Scenario:
Easy installation,
on-site and cloud deployment, quicker access to videos through web clients or
mobile clients, and centralization of video surveillance operations for
different geographic locations are some other factors driving the market
growth. Concerns regarding privacy among individuals, issues related to storing
high-resolution video recordings and lack of bandwidth in remote locations present
a challenge to market growth in the years to come.
The growing use of IP
(Internet Protocol) video, increasing number of security breaches, and
increasing adoption of video surveillance solutions across various verticals in
the industry are the primary drivers of market growth. However, the growing
adoption of Video
Management Software Market for the integration of
VMS with CCTV cameras, intrusion detection systems, and video analytics
applications by small and medium-sized enterprises also promotes market growth.
COVID-19 Analysis:
The business impact of
SARS-CoV-2 has been felt across diverse sections of the information technology
industry, albeit at different levels. Companies in the technology sector that
supply services for verticals like travel, retail, hospitality, and
entertainment have noted a dramatic decrease in sales, while the firms that
provide services related to remote worker solutions have observed the opposite.
Video management software Market ’s fate post pandemic has been relatively less
grim compared to Education Services (ES) and Professional Services (PS) that
are mostly dependent on components that are generally on-site. Novel
coronavirus has Video management software Market to
open new avenues for those firms that are on the lookout for solutions that are
reliable, efficiently managed, scalable, and are subscription-based, to remain
more focused on the core business. The Video management software Market is
bearing lesser impact of the COVID-19 outbreak compared to most other segments
of the tech world.
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MRFR distinguishes the
key players in the global video management software market as AxxonSoft Inc.
(Germany), Qognify Inc. (US), Genetec Inc. (US), Verint Systems (US), Salient
Systems (US), 3VR (US), Aimetis Corporation (Canada), Exacq Technologies (US),
Surveon Technology Inc. (Taiwan), March Networks (Canada), GeoVision Inc.
(Taiwan), iMotion Security Inc. (Canada), Milestone Systems Inc. (US), Video
Insights Inc. (US), and Mindtree Limited (India).
In this report, the
global video management software market has been segmented based on solution,
technology, organization size, deployment, vertical, and region. Based on the
solution, the global market has been segmented into case management, video
intelligence, advanced video management, data integration, intelligent
streaming, custom application management, mobile application, navigation
management, storage management, and security management. The consumer market
was divided into analog and IP-based, by technology. The retail business was bifurcated
between on-premise and cloud by deployment. The business market has been
categorized by corporate scale into large companies and SMEs. The global market
has been segmented into IT & Telecommunications, BFSI, Retail , Healthcare,
Media & Entertainment, Manufacturing, Government and others.
The video management
applications industry geographic research was performed for Europe (UK, Germany
, France, Spain , Italy, and the rest of Europe), North America (US, Canada ,
and Mexico), Asia-Pacific (Japan , China , Australia, Singapore , India, and
the rest of Asia-Pacific), and the rest of the world (Middle East & Africa
and South America).
North America is
currently expected to gain the largest market share due to the rising demand
for video management software and video surveillance systems across various
industry verticals to ensure the security of the premises and assets. The US
has the largest market share due to the growing adoption of IP-based video
technology and the presence of key players in the industry such as 3VR, Exacq
Technologies Inc., Qognify Inc., and Verint Systems drives the country's market
development.
Due to rising government
measures to implement video management software to provide efficient video
processing in countries such as the UK, Germany , Austria, among others, Europe
is expected to gain the second-largest market share.
1 Executive
Summary
2 Scope
of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE
1 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET ESTIMATES & FORECAST, BY
SOLUTION, 2020-2027 (USD MILLION) 46
TABLE
2 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET ESTIMATES & FORECAST, BY
TECHNOLOGY, 2020-2027 (USD MILLION) 50
TABLE
3 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET ESTIMATES & FORECAST, BY
DEPLOYMENT MODE, 2020-2027
(USD
MILLION) 52
Continued…
List of Figures
FIGURE
1 MARKET SYNOPSIS 18
FIGURE
2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET 19
FIGURE
3 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET, BY SOLUTION 20
Continued…
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