Video Management Software (VMS) Global Market is Projected to Attain USD 16.0 Billion At a CAGR of 23.0% During Forecast Period 2018-2027

Video management software (VMS) is a component of the security system that is used to collect the video from cameras and also other sources. It records the video in a storage device and provides an interface to user to view the live video and also enable to record the live video. The Video management software has advanced tools which are used for the processing and managing signals from more than one camera. The tools are especially designed for the recording audio, digital video and data playback. The video management software has the capability of sending alarm signal to the output through network based cameras and computer expansion cards. The technological up gradation in the VMS technology enables multiple camera views through single output. Video management software is used for providing security to both residential and commercial sector.

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Market Size and Forecast

The global video management software (VMS) market is anticipated to expand at a CAGR around 23.0% during 2018-2027. It is projected to reach around USD 16.0 billion market size by 2027. The increasing security concern coupled with increasing demand for the video processing is anticipated to drive the market growth of the video management software (VMS) market. The global video management software (VMS) market can be segmented on the basis of type, application, deployment and region. On the basis of type, it is segmented into IP-based VMS and analog-based VMS. IP-based VMS technology is anticipated to lead the type segment throughout the forecast period. This is attributed to the various enhanced qualities of the IP-based VMS technology such as high camera resolution, low cost and scalability. Additionally, the IP cameras along with the VMS technology offer better business intelligence which enhances the surveillance system. On the basis of application, it is sub-segmented into manufacturing and automotive, transportation and logistics, government, healthcare and life sciences, education and others.

The government is anticipated to be the largest sub-segment for the application segment. The increasing use of the VMS technology in order to enhance the safety and security of the country is anticipated to be the primary reason for the government sub-segment to lead the application segment. On the basis of deployment type, it is sub-segmented into cloud based, on-site and application based. On site premises is anticipated to lead the deployment segment. The low cost of the ownership coupled with less annual subscription fees is anticipated to be the primary reason for the on-site premises to contribute the largest market share for the deployment segment during the forecast period.

By region, global video management software (VMS) market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global video management software (VMS) market. The presence of highly developed security system coupled with increasing adoption of the video surveillance system is anticipated to be the major factor for the region to lead the global video management software (VMS) market. Additionally, the development in the software technology in order to provide the user friendly interface is anticipated to boost market growth in the region. Asia-Pacific is anticipated to be the fastest developing region for the global video management software (VMS) market. The increasing expenditure by the government coupled with developing industrial and commercial sector in the region is anticipated to boost the growth of global video management software (VMS) market in the Asia Pacific region.

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Market Segmentation

Our in-depth analysis segmented the global video management software (VMS) market in the following segments:

By Type:

IP-based VMS
Analog-based VMS
By Application:

Manufacturing and automotive
Transportation and logistics
Government
Healthcare and life sciences
Education
Others
By Deployment Type:

Cloud Based
On-Site
Application Based
By Region

Global video management software (VMS) market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

The rising security concern coupled with increasing demand for the high quality video processing is anticipated to be the primary growth driver for the global video management software (VMS) market during the forecast period. The increasing use of the video management software in the electronic equipment such as mobile, tablets and smart devices is anticipated to be a fuel the market growth during the forecast period. Additionally, the increasing awareness of the IoT applications and development in the video analytics is predicted to upsurge the demand of the video management software (VMS) globally. Moreover, the development in the electronic industry and also expansion of the IT sector across the globe is anticipated to support the market growth of the video management software.

However, increasing cybercrime and high initial cost associated with video management software is anticipated to be the major factors for hindering the market growth of the global video management software (VMS) market.

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Key Players

Honeywell International Inc.
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Salient Systems
AxxonSoft
Schneider Electric
Milestone systems
On-Net Surveillance Systems
Aimetis Corp.
Tyco Security Products
3VR Inc.
Verint Systems Inc
Genetec Inc
March Networks
Bosch Sicherheitssysteme GmbH
Surveon Technology Inc.
Hanwha Techwin CO., LTD

The market report answers the following questions:

What is the aim of the report?

The market report presents the estimated market size of market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.

Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
An overview of the market based on geographical scope, market segmentation and financial performance of key players is presented in the report.

The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.

The various parameters accelerating the growth of the market are incorporated in the research report.
The report analyzes growth rate, market size and valuation of the market during the forecast period.
What aspects regarding the regional analysis of market are included in this report?

Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

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Original Source:
https://www.americanewshour.com/2019/10/03/video-management-software-vms-global-market-is-projected-to-attain-usd-16-0-billion-at-a-cagr-of-23-0-during-forecast-period-2018-2027/70475/

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