Press release
Video Management Software (VMS) Market Outlook to 2021 - Key Players are Milestone Systems, AxxonSoft, Schneider Electric Industries, MindTree, Exacq Technologies, March Networks, Verint Systems, Qognify, Bosch Security Systems, Tyco Security, Aimetis Cor
Global Video Management Software (VMS) Market Overview:Video Management Software (VMS) is an integral part of any surveillance system. It facilitates the management of the configuration and the recording of the camera, the visualization of multiple sequences of the camera and the alert in case of falsification and detection of movement. The video management software can also review and analyse the recorded video by providing important information. For example, they can track customer movements and help detect suspicious activities. They are used to control behaviours, activities or other information in real time for inspection, security and protection such as CCTV cameras or IP network cameras.
Global Video Management Software (VMS) Market Size:
The global video management software (VMS) market will grow from USD 3,710 million in 2016 to USD 10,540 million in 2021, with a compound annual growth rate of approximately 23.2%.
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Drivers and Restraints:
At the forefront of the growth of the global video management software (VMS) market are its simple installation process and the growing use of IP video. Other factors that drive growth include the integration of third parties with other digital business systems, growing security concerns around the world and the growing penetration of video surveillance in a wide range of applications. On the other hand, the growth of the market is hindered due to the problems of storage of videos, high-resolution recordings and other confidentiality issues.
Geographical segmentation:
From a geographical point of view, Asia Pacific is expected to outperform all other regions in terms of growth through the rapid adoption of cloud-based and IP-based video surveillance solutions by end users and corporate clients. The growing popularity of smart city projects and intelligent transport systems, especially in the rapidly growing developing economies of China and India will also boost the market in the region by stimulating the demand for different VMS applications. Transportation, retail, sports stadiums, government and banks, financial services and insurance (BFSI) are the main users of the VMS market.
The main players in the market include Milestone Systems, AxxonSoft, Schneider Electric Industries, MindTree, Exacq Technologies, March Networks, Network Monitoring Systems, Verint Systems, Qognify, Bosch Security Systems, Tyco Security, Aimetis Corporation, etc.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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