Video Management Software (VMS) Market - Global Forecast to 2021
Ease of deployment and increased use of Internet Protocol (IP) videos is driving the growth of the Video Management Software (VMS) market 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%. 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. Among the type of solutions, the mobile application segment is expected to grow at the highest rate during the forecast period The mobile application solution is expected to grow at the highest rate in the VMS market during the forecast per