VIDEO MANAGEMENT SOFTWARE (VMS) MARKET SIZE WAS ESTIMATED AT OVER USD 4 BILLION IN 2020 AND IS LIKELY TO EXCEED USD 24 BILLION BY 2027 AT A CAGR OF 20.5%

The Video Management Software (VMS) Market is expected to grow from USD 4 billion in 2020 to USD 24 billion by 2027, at a CAGR of 20.5% during the forecast period. The growing concern for security issues all over the world requiring the need for video surveillance and the demand for real-time video processing and recording in HD is anticipated to propel the growth of the market. The ability of VMS to better incorporate with various business digital systems, escalating demand for video surveillance to enhance security measures, use of mobile application solution for tasks such as enabling end-users to monitor real-time videos and also have remote access to such videos in their smart devices, and efforts towards technological standardization are other factors that are estimated to drive the market for VMS.

In market segmentation by manufacturers, the report covers the following companies:- 3VR Inc. (U.S.), Genetec Inc. (U.S.), Milestone Systems Inc. (U.S.), Exacq Technologies (U.S.), Aimetis Corporation (Canada), Mindtree Ltd (India), Geo Vision Inc. (Taiwan), Surveon Technology Inc. (Taiwan), Imotion Security Inc. (Canada), Video Insights Inc. (U.S.), among other players.

One major factor that may restrict the growth of the market is the concern pertaining to privacy of streaming as well as recorded videos. Any unauthorized person getting access to the stored videos might misuse the content and thereby compromise with the privacy of people.

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This report covers the recent COVID-19 incidence and its impact on Video Management Software (VMS) Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the video management software market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2027.

The report "Video Management Software (VMS) Market by Type of Solution (Advanced Video Management, Video Intelligence, Case Management, Data Integration, Custom Application Management, Intelligent Streaming, Storage Management, Mobile Application, Navigation Management, and Security Management), and Geography-Global Forecast 2027"

For this report, the market has been divided into the segments of type of solution, technology, services, deployment, industry vertical and region:

Type of Solution (Revenue, USD Million; 2020-2027)
Advanced Video Management
Video Intelligence
Case Management
Data Integration
Custom Application Management
Intelligent Streaming
Storage Management
Mobile Application
Navigation Management
Security Management

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Type of Technology (Revenue, USD Million; 2020-2027)
Analog Based VMS
IP-Based VMS

Type of Services (Revenue, USD Million; 2020-2027)
Professional Services
Managed Services

Type of Deployment (Revenue, USD Million; 2020-2027)
Cloud-Based
On-Premise

End-Use Application (Revenue, USD Million; 2020-2027)
Banking, Financial Services, and Insurance
Government
Transportation and Logistics
Media and Entertainment
Healthcare and Life Sciences
Manufacturing and Automotive
Retail
Telecom and IT
Energy and Utilities
Tourism and Hospitality
Education
Real Estate
Others

Regional Outlook (Revenue, USD Million; 2020-2027)
North America
Europe
Asia Pacific
Rest of the World

Further key findings from the report suggest:

The video management software (VMS) market is expected to grow from USD 4 billion in 2020 to USD 24 billion by 2027, at a CAGR of 20.5% during the forecast period.

The growing concern for security issues all over the world requiring the need for video surveillance and the demand for real-time video processing and recording in HD is anticipated to propel the growth of the market. The ability of VMS to better incorporate with various business digital systems, escalating demand for video surveillance to enhance security measures, use of mobile application solution for tasks such as enabling end-users to monitor real-time videos and also have remote access to such videos in their smart devices, and efforts towards technological standardization are other factors that are estimated to drive the market for VMS.

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Based on the type of solution, this report segments the market into advanced video management, video intelligence, case management, data integration, custom application management, intelligent streaming, storage management, mobile application, navigation management, and security management. Due to the growing use of mobile application solution in various VMS solutions owing to the proliferation of smartphones and smart devices among end-users, the mobile application solution is expected to have the highest growth rate of CAGR 21.2% during the forecast period.

On the basis of the type of technology, the market has been segmented into analog based VMS and IP based VMS. IP-based VMS technology occupies the largest market share with a revenue of USD 2.32 billion in 2020 and is forecasted to lead the market during the forecast period owing to the rise in deployment of IP cameras amongst end-users. Benefits provided by IP cameras are affordability, HD images processing, and

Based on the type of services, the market has been segmented into professional and managed services. Managed services lead the market with a market size of USD 2.59 billion in the year 2020 and would continue to do so in the forecast period. Managed VMS services are required to improve operational efficiency and bring down the cost of operation.

Based on the type of deployment, this report segments the market into cloud-based and on-premise deployment. The on-premise deployment type is currently the trending one as the ownership cost associated with this deployment is very less. But, the cloud-based deployment is estimated to have the highest growth rate of CAGR 20.7% during the forecasted period due to rising demand for cloud-based

Based on end-use application, the market has been has been segmented into 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. The government is estimated to hold the largest market share with a market size of USD 0.82 billion among the industry vertical due to rising demand of video surveillance to handle security and manage risks in places like airports, ports, roads, etc.

Geographically, the market has been segmented North America, Europe, APAC, South America, Middle East, and APAC region is projected to have the highest growth rate of 20.7% during the forecast period owing to the development of commercial and domestic infrastructure and high investment by governments in the security sector especially in developing economies like India and China. The need for video surveillance to increase security measures in public places and ensure public safety, for remote management of retails stores, shopping malls, etc. are some of the several reasons responsible for the rise of this market in APAC region.

Continued further in the full report @ https://www.reportsanddata.com/report-detail/video-management-software-vms-market

Some Key Highlights of the Video Management Software Vms Market Report:

Chapter 1: Methodology & Scope of Video Management Software Vms Market:
Definition and parameters for market estimation
Research methodology
Data Sources

Chapter 2: Executive Summary of Video Management Software Vms Market:
Business trends
Regional trends
Product trends
End-use trends

Chapter 3: Video Management Software Vms Industry Insights:
Industry segmentation
Vendor landscape
Product mix matrix
Technological landscape

Chapter 4: Video Management Software Vms Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Chapter 5: Company Profile :
Business Overview
Financial Data
Product Landscape
Strategic Outlook
SWOT Analysis

In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments' market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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