Video Management Software Market Segment Research Study (MRFR) Report Greater Revenues During Size, Demographic Opportunity Size, Share and Forecasts Up to 2027
Market Scenario:
According to the latest survey, the global Video
Management Software Market size in
2020 is witnessed at USD 8.02 billion and is estimated to grow at a significant
rate of 22.4% CAGR along with the market size of USD 40.7 billion during the
forecast period 2021-2028.
Video
Management Software (VMS) is a system used to manage and store digital data,
digital videos, audios, and playback functionalities recorded by the video
surveillance cameras. The video analytics with these surveillance cameras in
the traffic transportation management sector is expected to identify the road
incidents in real-time. The AI-based solutions and IP-based system integration
are enhancing the video management software market growth.
Rising
government support to utilize this system in developed countries and also
encourage the residents to implement in the residential sectors also. Rising
penetration of video surveillance like facility protection, monitoring
applications, and cross-border activities are the factors propelling the market
growth. The other markets like the equipment manufacturing industry and higher
internet frequency are fueling the market growth. Moreover, growing security
threats and growing disposable income among the citizens are accelerating
market growth.
The video
management software market opportunities are the standard advancements in
technologies like physical security interoperability alliance and open network
video interface forum along with security devices and solutions which are the
best for managing the video data.
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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
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