The VMS market size is expected to grow from USD 3.71 billion in 2016 to USD 10.54 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.2%.
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Ease of deployment and increased use of IP videos, third-party integration with other digital business systems, increasing security concerns globally due to rising security threats, and increasing penetration of video surveillance in a wide range of applications are some of the driving forces for the VMS market.
Concerns related to storage of high-resolution videos & recordings and issues related to privacy act as restraints for the VMS market.
The mobile application solution is expected to grow at the highest rate in the VMS market during the forecast period.
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The rapid proliferation of smart phones, tablets, and other smart devices in businesses, as well as, consumers is driving the mobile application segment. Mobile apps are widely accepted in the video surveillance system, due to their functionality and flexibility.
Mobile apps allow end-users to remotely access live videos and recorded videos from anywhere, at any time. Mobile apps give end-users simple and intuitive options to view, manage, &control the video monitoring system.
Major players of Video Management Software Market Report are:
The major vendors in the Video Management Software Market are AxxonSoft (Germany), Milestone Systems (Denmark), On-Net Surveillance Systems Inc. (U.S.), Aimetis Corporation (Canada), Exacq Technologies (U.S.), 3VR (U.S.), Verint Systems (U.S.), Genetec (U.S.), Salient Systems (U.S.), and March Networks (Canada), who provide VMS solutions to organizations to cater to their requirements and video surveillance needs.
The complete report of Video Management Software (VMS) Market by Type of Solution (Video Intelligence, Case Management, Advanced Video Management, and Mobile Application), Technology, Service, Deployment, Vertical, and Region - Global Forecast to 2021 is now available on www.rnrmarketresearch.com/video-ma…rket-report.html
Break of primary participants in Video Management Software Market was as mentioned below:
By Company Type: Tier 1- 48%, Tier 2- 39%, and Others- 13%
By Designation: C-level- 48%, Director-level- 31%, and Others- 21%
By Region: North America- 12%, Europe- 27%, Asia Pacific- 37%, South America- 8%, and the Middle East & Africa- 16%
FAQ’s regarding the Video Management Software Market Report are:
What is Market Penetration of Video Management Software?
Comprehensive information on the product portfolios of the top players in the Video Management Software market
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Detailed insights on the upcoming technologies, R&D activities, and product launches in the Video Management Software market
What is Competitive Assessment of Video Management Software?
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Video Management Software market
What is Market Development of Video Management Software?
Comprehensive information about emerging markets. This report analyzes the market for various Video Management Software products across geographies
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Exhaustive information about new products, untapped geographies, recent developments, and investments in the Video Management Software market
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The report segments the VMS market by solution, which includes video intelligence, case management, advanced video management, data integration, custom application development, intelligence streaming, mobile application, navigation management, storage management and security management. Segmented by technology, the market comprises analog & IP-based video management software.
The market has also been segmented by deployment model, which comprises the on-premises and cloud deployment model. Based on services, the market has been further segmented into professional and managed services.
APAC is expected to grow at the highest growth rate in the VMS market during the forecast period. The end-users and enterprise customers are majorly adopting cloud-based video management solutions in the APAC region.
A major focus on smart city projects and intelligent transportation systems, specifically in China &India, may lead to arise in the demand for VMS applications. Transportation, sports stadiums, government, city surveillance, retail, and Banking, Financial Services, & Insurance (BFSI) appear to be the most attractive end-users for the VMS market.
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