Video Management Software (VMS) Market 2019 – 2024: Business Trends, Size, Global Segments and Industry Profit Growth
Global ideo Management Software (VMS) Market is estimated to reach USD 17.60 billion by 2024, registering a 23.20% CAGR during the forecast period 2018–2024.
Pune, India – September 9, 2019 /MarketersMedia/ —
Video Management Software Market Scenario:
The global video management software market could achieve a CAGR of 22% during the forecast period (2017-2023), suggests Market Research Future (MRFR). It could touch the valuation of USD 14 Billion by 2023, backed by the rising need to prevent criminal activities.
Regional analysis for video management software market is studied in different geographic regions such as North- America, Europe, Asia-Pacific and Rest of the World. North America is expected to be leading player due to increasing attention and desire towards networked video standards in surveillance market. Increase in demand for the adoption of these standards by the VMS vendors has led to growth in market share of these systems in North America.
Europe is estimated to acquire second largest market share due to increasing need for video management system market which provides IT friendly features advanced functionality, active directory support, alarm management to make the administration simple.
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Major Key Companies:
Some of the key vendors shaping the worldwide video management software market are Imotion Security Inc. (Canada), Video Insights Inc. (U.S.), 3VR Inc. (U.S.), Mindtree Ltd (India), Surveon Technology Inc. (Taiwan), Geo Vision Inc. (Taiwan), Genetec Inc. (U.S.), Exacq Technologies (U.S.), Aimetis Corporation (Canada), Milestone Systems Inc. (U.S.), among others.
Growth Boosters and Key Barriers:
Video Management Software Market has picked up immense speed in recent years, backed by rising demand for real-time information on security, and others. The market also benefits from the increasing use of integration, which means integrating video with other data from intrusion, risk awareness systems, and access control systems. This provides security teams with more cohesive awareness about everything happening at any time. Video analytics are expected to play a stellar role in the integration of such data sets.
With video management software becoming highly integrated with various other security systems, scalability has turned into a necessity. Features that allow centralized system management, the ability to perform actions across multiple network video recorders as well as clients at the same time and rapid deployment are expected to be widely adopted in the near future.
Some additional factors promoting market growth include the rise in cloud-based video recording that helps reducing upfront costs, managing built-in system and also offer an ability to store recordings offsite which can be accessed from anywhere. Some other advantages working in favor of the video management software market include the surging use of video surveillance, surge in video analytics as well as the Internet of Things (IOT).
Market Segmentation:
The worldwide video management software market has been segmented depending on solution, deployment type, service, and vertical.
The solution segment comprises video intelligence, advanced video management, case management, mobile application, intelligent streaming, data integration, navigation management, custom application management, security management, and storage management.
With respect to the solution, the market is considered for advanced video management which includes reliable and scalable video management software. This software features advanced surveillance technologies that are entirely integrated with on-guard. It is used for meeting with the evolving demands of customers, in addition offering advanced video hardware options that give security and life safety.
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued….
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List of Tables
Table 1 Video Management Software Market, By Solution
Table 2 Video Management Software Market, By Deployment Type
Table 3 Video Management Software Market, By Service
Continued….
List of Figures
Figure 1 Research Type
Figure 2 Video Management Software Market: By Solution (%)
Figure 3 Video Management Software Market: By Deployment Type (%)
Continued….
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