Video Management Software Market Scope and overview Booming Worldwide Size, Share and Forecasts Up to 2027
Market Scenario:
According
to MRFR, the global market for video management software (VMS) is assessed to
reach USD 17.60 billion by 2024, recording a 23.20% CAGR during the forecast
period 2018–2024.
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. 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.
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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.
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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
Browse
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