Video Management Software Market Size Research Report by Forecast to 2024

Posted January 15, 2020 by son1ane

Video Management Software Market, By Solution (Advanced Video Management, Video Intelligence, Mobile Application),
Video Management Software Market Scenario:
The worldwide video management software market is anticipated to achieve USD 17.60 billion by 2024, by attaining a 23.20 CAGR during the forecast period 2018–2024, reveals Market Research Future. The market is growing with the increasing usage of IP video, the rising quantity of security breaches, and the adoption of video surveillance solutions around the assorted industry verticals. These are the primary factors driving the market growth. The study also reveals about other factors that are continuously contributing to the market growth.

The development of the market is further attributed to the escalating adoption of video management software in both small and medium business entities for the integration of VMS with CCTV cameras, intrusion detection systems, and video analytics applications. These factors are substantially promoting market growth and are expected to continue to contribute during the forecast period.

As Video Management Software Market Size assists the enterprises to review efficiently, it also analyses recorded videos through multiple cameras that are installed, therefore gaining the utmost popularity in today’s time. At present, various organizations are aiming to safeguard their physical and capital assets by adopting video management software that would inspect real-time information with the help of CCTV cameras or IP network cameras to prevent any security breaches. These factors are also thriving in the market to expand exponentially at a rapid pace.

As an add-on, the video management software can be installed on PCs, laptops, and smartphones, which makes it easy for users to sight live or recorded videos. Certain advanced VMS are also being offered by the key players operating in the market to support a wide-ranging range of languages and viewing apps for smartphones for accessing videos at any given location. On the other side, this software also helps to enhance information security, safeguard evidence-handling activities, and improve response time and safety of critical assets of a business.

The features of on-premise and cloud deployment, easy installation, quick access to videos through the web or mobile client, and centralized video surveillance operations for different regional sites are yet other prime factors driving the market growth.

On the flip side, the factors of privacy concerns among individuals, the problems associated with the storage of high-resolution video recordings, and insufficiency of bandwidth in remote locations can pose a challenge to the market growth during the growth period of the market.

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Major Key Players:
The study by Market Research Future recognizes some of the top key players in the global video management software market. They are listed as iMotion Security Inc. (Canada), Qognify Inc. (US), Genetec Inc. (US), Aimetis Corporation (Canada), AxxonSoft Inc. (Germany), March Networks (Canada), Video Insights Inc. (US), Surveon Technology Inc. (Taiwan), Verint Systems (US), GeoVision Inc. (Taiwan), Exacq Technologies (US), 3VR (US), Salient Systems (US), Milestone Systems Inc. (US), and Mindtree Limited (India).

Market Segmentation:
The segmental analysis of the global video management software market has been studied based on solution, technology, deployment, organization size, and vertical.
• In terms of solution, the market includes case management, mobile application, advanced video management, data integration, intelligent streaming, video intelligence, navigation management, storage management, custom application management, and security management.
• In terms of technology, the market includes analog-based and IP-based.
• In terms of deployment, the market has been bifurcated among on-premise and cloud.
• In terms of organization size, the market is classified into large enterprises and SMEs.
• In terms of vertical, the market includes BFSI, IT & telecommunications, retail, healthcare, media & entertainment, government, manufacturing, and many more.

Regional Outlook:
Regionally, the global market for video management software market has been studied under the region of North America, Asia-Pacific, Europe, and the rest of the world.

At present, North America is anticipated to acquire the largest market share owing to the rising demand for video management software in various industry verticals to ensure the safety of the premise and assets. The US has been the largest market share with the mounting penetration of IP-based video technologies, and the incidence of key market players are driving the market growth in the country.

Europe is anticipated to have the second-largest market share owing to the upward government initiatives to adopt video management software for proficient video management in countries such as the UK, Germany, Austria, Czech Republic, Hungary, France, Spain, Italy, Norway, and Sweden.

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Asia-Pacific also has the third-largest market share and is likely to expand at the highest rate. The expansion is due to the rising demand for cloud-based video management software among large enterprises and SMEs. Video management software can also observe a high approval rate in countries such as China, Japan, India, Malaysia, Thailand, Indonesia, Australia, New Zealand, Singapore, Philippines, South Korea, Sri Lanka, and Vietnam.

In the last, South America and the Middle East & Africa market could also expand steadily during the forecasted period. The reason behind this is the soaring demand for sophisticated video surveillance solutions in countries of Brazil, Argentina, Colombia, the UAE, Saudi Arabia, Oman, South Africa, and Zimbabwe.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Last Updated January 15, 2020