Video Management Software (VMS) Market Global Insights Growth, Segmentation, Demand, Growth, Opportunity, Comparative Analysis, Future Industry Trends and Forecast 2018 – 2023

The record additionally presents a 360-diploma overview of the competitive state of affairs of the global Video Management Software (VMS) Market, accordingly helping companies apprehend the major chance and opportunities that carriers in the market are dealt with and includes particular commercial enterprise profiles of a number of the major vendors in the market. Also, the document gives a SWOT analysis of the global marketplace. This document offers a clear image of the Video Management Software (VMS) marketplace state of affairs for the higher understanding to the readers.

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Video management software (VMS) is an integral part of any surveillance system and are used for seamless management of audio, digital video, data and playback functionalities in a video surveillance system. VMS can also review and analyze recorded video which provides important information. Burgeoning penetration of video surveillance system in numerous applications such as monitoring applications, cross-border activities, etc. is the driving force for the market growth of VMS.

A major factor driving the VMS market is the increasing security concerns worldwide. Moreover, large demand from cross-border areas and public sector are again driving this market. However, besides being a beneficial technology, privacy concerns in footings of adoption of video surveillance systems is somewhere suppressing and restraining its growth. In the emerging economies, high penetration of these systems by developers is predicted to provide an opportunity to the market during the forecast period.

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VMS is segmented by technology such as analog-based VMS and IP-based VMS. In this segmentation, the IP- VMS segment is anticipated to dominate this market during the forecast period. The reason behind the growth of this segment is IP based cameras. They have wide-ranging features, are economical, have high image resolution, and scalability. The growing acceptance of IP cameras by end-users and enterprise customers has been boosting the growth of this IP-based VMS in the market. VMS reinforces IP cameras with onboard analytics, which results in providing more business intelligence surveillance systems.

By the type of solution, this market is segmented into video intelligence, case management, advanced video management, data integration, intelligent streaming, custom application management, mobile application, navigation management, storage management, and security management. Among these segments, the advanced video management segment is portended to have a maximum market share in the estimative period due to its extensive usage in video monitoring system. This solution plays a vital role in the VMS because it collects videos, handles recordings, event management, video routing, and integration of other functionalities in VMS.
VMS is classified by end-users such as banking, financial services, and insurance (BFSI), government, healthcare and life sciences, manufacturing and automotive, retail, transportation and logistics, media and entertainment, telecom and information technology (IT), education, real estate, energy & utilities, tourism and hospitality, and others (residential & commercial, traffic monitoring, and corrections). With increasing need for video surveillance, video management software is projected to find its application in various mentioned end-use industry verticals.

major players of Global Video Management Software Market are
Milestone Systems A/S, On-Net Surveillance Systems, Inc., Aimetis Corporation, Exacq Technologies, 3VR, Inc., Verint Systems Inc., Genetec, Inc., Salient Systems, and March Networks among others.

Divided by Region, this market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-pacific is expected to hold, market leading position in the adoption of video management software groups. APAC is expected to progress at the highest rate in the VMS market. The region is further anticipated to be the prominent propelling region in this market globally.

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The growth in this region is due to the uptake by enterprises and end-user consumers of IP-based and cloud-based video surveillance solutions. Moreover, rising focus on developing smart cities and intelligent transportation projects, in the developed economies is projected to boost demand for numerous VMS applications and is fueling the markets growth in the region. The Global Video Management Software Market is expected to flourish at a CAGR of 22.7% during the forecast period from 2018-2023.

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