The global video management software market size is expected to reach USD 4.79 billion by 2025, growing at a CAGR of 18.8% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The growing adoption of video surveillance and monitoring software for applications such as facility protection, traffic management, and cross-border activities is the key driver contributing to the market growth. The software is majorly used for the unified management of multimedia content including collection & storage, playback, and streaming functionalities.
The
market is anticipated to witness significant growth owing to increasing
awareness of the benefits offered by VMS and growing investments in city
surveillance as part of the smart city projects. Moreover, the increasing
adoption of High Efficiency Video Coding (HEVC), also known as H.265 video
compression standard, coupled with the rising trend of integrating VMS with
emerging technologies such as built-in intelligence and deep learning for video
analytics is expected to boost the video management software market
growth. A unified VMS enables customers to merge analog and IP videos and
offers a cost-effective approach to businesses for expanding and improving
their surveillance capabilities.
VMS
can be integrated with multiple digital cameras depending on the requirements
of the customer. With the growing adoption of Closed-Circuit Television (CCTV)
cameras and Internet Protocol (IP) network cameras in the security and
surveillance market, the demand for VMS is also anticipated to witness significant
growth over the forecast period. The software enables customers to enhance
situational awareness and monitoring capabilities. High resolution videos and
imagery can also be used by government law enforcement agencies to identify,
track, and arrest criminals.
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Further key
findings from the study suggest:
- IP-based VMS is anticipated
to emerge as the fastest-growing segment over the forecast period owing to
the increasing demand for IP-based VMS by the government as well as
corporates as part of video surveillance projects
- The cloud segment is
anticipated to gain traction owing to the increased use of cloud by
companies for offering Video Surveillance as a Service (VSaaS) for
applications such as recording, flexible storage, and remote access &
viewing as well as for enhanced cybersecurity solutions
- Video analytics is expected
to witness the highest growth over the forecast period due to the
increasing deployment of intelligent video surveillance systems by the
government and enterprises
- The government segment is
expected to grow at the highest CAGR from 2019 to 2025. Numerous smart
city initiatives along with multiple infrastructure development projects
to support increasing urbanization are anticipated to fuel the demand for
VMS market
- Key players operating in the
VMS market include AxxonSoft, Inc.; Qognify Inc.; Milestone Systems; Exacq
Technologies, Inc.; Identiv, Inc.; Verint Systems; Magal Security Systems
Ltd.; Genetec Inc.; Panasonic Corporation; Salient Systems Corporation;
and March Networks.
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Grand View Research has segmented
the global video management software market based on technology, solution,
deployment, end use, and region:
Video Management
Software Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Analog-Based VMS
- IP-Based VMS
- Hybrid VMS
Video Management
Software Solution Outlook (Revenue, USD Million, 2014 - 2025)
- Video Analytics
- Custom Application
Management
- Storage Management
- Data Integration
- Navigation Management
- Intelligent Streaming
- Security Management
- Others
Video Management
Software Deployment Outlook (Revenue, USD Million, 2014 - 2025)
- On-premise
- Cloud
Video Management
Software End Use Outlook (Revenue, USD Million, 2014 - 2025)
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail
- IT & Telecom
- Media & Entertainment
- Education
- Others
Video Management
Software Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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