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 period. The rapid proliferation of
smartphones, 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.
IP-based
video management software is expected to have the maximum market size during
the forecast period
Among technologies, the IP-based segment is expected to grow at the
highest rate in the VMS market during the forecast period. IP cameras
drastically change the video surveillance system by offering a wide range of
features, such as low price, high image resolution, and scalability. End-users
and enterprise customers are increasingly adopting IP cameras, which is one of
the major drivers behind the growth of the VMS market. Open platform VMS
supports IP camera with onboard analytics, which provides more business
intelligence for the surveillance system.
Asia-Pacific
(APAC) is expected to dominate the video management software market during the
forecast period
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 a rise 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.
To view
Full Report: Global
Video Management Software (VMS) Forecast 2021
The
break-up of profiles of primary participants is given below:
• By Company: Tier 1: 33%, Tier 2: 41%, and Tier 3: 26%
• By Designation: Director level:56%, C level: 33%, and Others: 11%
• By Region: North America: 33%, EMEA: 23%, APAC: 44%
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Management Software (VMS) Forecast 2021
Table of Content
1
Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
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