Video Management Software Market Scenario:
The global video management software market is expected to grow considerably over the forecast period between 2017 and 2023. This statement is further proven true by the in-depth analysis undertaken by the team of Market Research Future (MRFR) on the global market. The study led to a number of key findings concerning the growth, state, and the direction of the market. The report mentions that the global video management software market is expected to grow at a compound annual rate of 22% during the forecast period. Add to this, the valuation of the market is expected to reach USD 14 Billion by the end of 2023.
The global Video Management Software Market is expected to grow due the increasing demand of businesses investing in video surveillance data all the while expanding, preventing crimes, and reducing security concerns. Also, a large portion of the finance industry constitute as the customer base for the video surveillance market. The growth of which subsequently influences a positive demand for the video management software market. One of the key drawbacks of this system is that it offers no privacy, which can cause the growth of the market to suffer.
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The global video management software market comprises a number of important players. Some of the most prominent players identified in the report by MRFR are Geo Vision Inc. (Taiwan), Mindtree Ltd (India), Exacq Technologies (U.S.), 3VR Inc. (U.S.), Video Insights Inc. (U.S.), Genetec Inc. (U.S.), Surveon Technology Inc. (Taiwan), Milestone Systems Inc. (U.S.), Imotion Security Inc. (Canada), Aimetis Corporation (Canada), among others.
April 29th, 2019, PlateSmart Technologies announced the integration of its Automatic License Plate Recognition Software (ALPR) with the IP surveillance solution provider Vivotek. It is mentioned that the software can be integrated seamlessly with any camera or video management system (VMS).
March 13th, 2019, Senstar, a pioneering leader in video management and PIDS, released the latest version of its intelligent VMS system named Symphony 7.2.
The global video management software market is segmented in terms of deployment type, solution, vertical, and service.
- By solution, the market segments into video intelligence, advanced video management, mobile application, storage management, custom application management, data integration, case management, security management, intelligent streaming, navigation management, and others. The security management segment is enjoying considerable benefit from the advantages offered by video management software. The advanced video management segment divides into reliable and scalable video management software, one which can work in sync with advanced surveillance technologies.
- By deployment type, the market divides into on-premise and on-cloud types. The on-cloud segment is gaining massive traction and is anticipated to attain substantial growth over the mentioned forecast period.
- By service, the market comprises manufacturing, retail, IT & telecommunication, banking, healthcare, financial services and insurance (BFSI), and others. Among these segments, the BFSI sector is gaining the most profit from the software integration.
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The video management software market is geographically divided into the following regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW).
The North American region stands tall in the video management software market with the highest share percentage. The region is benefitting the most from the market owing to the increasing integration of technology, high investment capability, and infrastructural advantages. The region is also significantly investing in research and development activities, which holds the potential to bear unprecedented results and subsequently push the growth of the regional market.
The European region rides on similar advantages as that of North America and is expected to gain substantial profit over the forecast period. Europe stands second globally in terms of revenue generation in the video management software market.
The Asia Pacific regional market is expected to grow the fastest over the forecast period due to the presence of major developing economies like India and China, who are showcasing ample interest in reaping the profits of such advanced technologies.
- Video management software providers
- CCTV installers
- System integrators
- System distributors
- CCTV manufacturers
- Original equipment manufacturers
- Video analytics solution providers
- Government organizations
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List of Tables
Table 1 Video Management Software Market, By Solution
Table 2 Video Management Software Market, By Deployment Type
Table 3 Video Management Software Market, By Service
List of Figures
Figure 1 Research Type
Figure 2 Video Management Software Market: By Solution (%)
Figure 3 Video Management Software Market: By Deployment Type (%)
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