The report "Video Management Software (VMS) Market by Type of Solution (Video Intelligence, Case Management, Advanced Video Management, and Mobile Application), Technology, Service, Deployment, Vertical, and Region - Global Forecast to 2021",VMS market size is expected to grow from USD 3.71 Billion in 2016 to USD 10.54 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.2% from 2016 to 2021.
Ease of deployment and increased use of IP videos, third-party integration with other digital business systems, increasing security concerns globally due to rising security threats, and increasing penetration of video surveillance in a wide range of applications are some of the driving forces for the VMS market.
Browse on "Video Management Software (VMS) Market - Global Forecast to 2021"
72 - Tables
39 - Figures
146 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199435612
Advanced video management solution is expected to play a key role in the video management software market by 2021
The advanced video management is expected to have the largest market share in the VMS market during the forecast period. Video management is an important aspect of the video monitoring system. The basic function of video management is to collect videos and handle the recording, video routing, event management, & integration of other functionalities in the video monitoring system.
Internet Protocol (IP)-based technology is expected to dominate the video management software market by 2021
Among technologies, the IP-based segment is expected to grow at the highest CAGR in the VMS market during the forecast period. IP cameras drastically change the video surveillance system by offering a wide range of features, such as low price, high image resolution, and scalability. The increasing adoption of IP cameras by end-users and enterprise customers is one of the major drivers behind the growth of the VMS market. Open platform VMS supports IP cameras with onboard analytics, which provides more business intelligence for surveillance systems.
Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=199435612
Asia-Pacific (APAC) region is expected to grow at the highest rate in the video management software market
APAC is expected to grow at the highest growth rate in the VMS market during the forecast period. The end-users and enterprises customers are majorly adopting IP-based and cloud-based video surveillance solutions in the APAC region. A major focus on smart city projects and intelligent transportation systems, specifically in the emerging economies, such as China & India, may lead to rise in the demand for VMS applications. Transportation, sport stadiums, government, retail, and Banking, Financial Services, & Insurance (BFSI) appear to be the most attractive end-users for the VMS market.
The major vendors in the VMS market are AxxonSoft (Germany), Milestone Systems (Denmark), On-Net Surveillance Systems Inc. (U.S.), Aimetis Corporation (Canada), Exacq Technologies (U.S.), 3VR (U.S.), Verint Systems (U.S.), Genetec (U.S.), Salient Systems (U.S.), and March Networks (Canada).
The global video management software market size is expected to reach USD 4.79 billion by 2025, growing at a CAGR of 18.8% from 2019 to 2025, according to a new study conducted by Radiant Insights, Inc.
The software is majorly used for the unified management of multimedia content including collection & storage, playback, and streaming functionalities.
Moreover, the increasing adoption of High Efficiency Video Coding (HEVC), also known as H.265 video compression standard, coupled with the rising trend of integrating VMS with emerging technologies such as built-in intelligence and deep learning for video analytics is expected to boost the video management software market growth.
VMS can be integrated with multiple digital cameras depending on the requirements of the customer.
With the growing adoption of Closed-Circuit Television (CCTV) cameras and Internet Protocol (IP) network cameras in the security and surveillance market, the demand for VMS is also anticipated to witness significant growth over the forecast period.
Further key findings from the study suggest: • IP-based VMS is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing demand for IP-based VMS by the government as well as corporates as part of video surveillance projects • The cloud segment is anticipated to gain traction owing to the increased use of cloud by companies for offering Video Surveillance as a Service (VSaaS) for applications such as recording, flexible storage, and remote access & viewing as well as for enhanced cybersecurity solutions • Video analytics is expected to witness the highest growth over the forecast period due to the increasing deployment of intelligent video surveillance systems by the government and enterprises • The government segment is expected to grow at the highest CAGR from 2019 to 2025.
The growing use of IP (Internet Protocol) video, increasing number of security breaches, and increasing adoption of video management software across various verticals in the industry are the primary drivers of market growth.
However, the growing adoption of video management software 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.. Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2849 Competitive Outlook: 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).Segmentation:In this report, the global video management software market has been segmented based on solution, technology, organization size, deployment, vertical, and region.
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.
