Video Management Software (VMS) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast 2018 to 2024
The Global Video Management Software (VMS) Market accounted for USD 4.01 billion in 2016 growing at a CAGR of 24.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Video Management Software Market By Geography; Type Of Solution (Video Intelligence, Case Management, Advanced Video Management, Data Integration, Custom Application Management, Intelligent Streaming, Mobile Application, Navigation Management, Storage Management, Security Management); Technology (Analog-Based, IP-Based); Service; Deployment; Vertical – Industry Trends and Forecast to 2024
TOP Competitors of Market:
• Milestone systems A/S,
• On-Net Surveillance Systems,
• Aimetis Corp.,
• Tyco Security Products,
• 3VR Inc.,
• Verint Systems Inc,
• Genetec Inc,
• Salient Systems,
• March Networks,
• Schneider Electric,
• Bosch Sicherheitssysteme GmbH,
• Honeywell International Inc.,
• Hanwha Techwin CO., LTD,
• Surveon Technology Inc.,
• Among others.
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Video Management Software (VMS) is a crucial part of the surveillance system. VMS software allows managing recording settings, view multiple camera feeds, and set alerts for tampering and motion detection. The adoption of video surveillance software market in coming years has increased due to increasing large scale security. It is widely applicable in banking, financial services, and insurance, government, healthcare and life sciences, manufacturing and automotive, retail, transportation and logistics, media and entertainment, and others. Increasing security concerns may act as driver in the growth of video management software market. On the other side lack of cooperation among security solutions may hamper the market.
Major Market Drivers:
• Ease of deployment and increased use of IP video
• Deeper, better, and more useful integrations with other digital business systems
• Increasing security concerns globally
• Increasing penetration of video surveillance in a wide range of applications
• Lack of cooperation among security solutions
The global video management software (VMS) market is segmented on the basis of type of solution into video intelligence, case management, advanced video management, data integration, custom application management, intelligent streaming, mobile application, navigation management, storage management, and security management.
On the basis of technology:- Analog-based VMS, IP-based VMS.
On the basis of service:- Professional services, and managed services.
On the basis of deployment model:- cloud, and on-premises.
On the basis of vertical:- banking, financial services, and insurance, government, healthcare and life sciences, manufacturing and automotive, retail, transportation and logistics, media and entertainment, telecom and it, energy and utilities, tourism and hospitality, education, real estate, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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