San Francisco, California, May 12, 2017: The report, titled “Video Management Software (VMS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” sheds light on the chief catalysts, deterrents, growth opportunities, and trends prevailing in the market. The key players in the Video Management Software (VMS) Market have been assessed in detail, alongside Porter’s Five Force Analysis to determine the nature of competition among them.
Being an integral part of every surveillance system, video management software assists in the management of camera and recording settings, setting alerts when tampered, and enables viewing of multiple camera feeds. Video management software can not only review but also analyze the recorded videos. This software is capable of tracking the movements of the customers and detecting suspicious activities, at the same time providing real-time information.
These advantages make the software particularly useful for security, inspection, and safety purposes. A number of electronic devices such as Internet Protocol (IP) network cameras and closed-circuit Television (CCTV) cameras have been leveraging this technology. As a result, the global demand for video management software is expected to augment over the forecast years.
Third-party integration with digital business systems, growing popularity of video surveillance across a variety of applications, and alarming rise in security concerns over the globe have been aiding the growth of the global market for video management software. The ease of installation of video management software is one of the primary growth drivers of the global market for video management software.
By application, the global market for video management software can be segmented into video intelligence, custom application management, storage management, advanced video management, security management, intelligent streaming, data integration, and navigation management. By end user, the global market for video management software can be segmented into retail, government, transportation, sport stadiums, and banking, financial services, and insurance (BFSI).
Based on technology, the market can be broadly segmented into IP-based VMS and analog-based VMS. Of these, the IP-based segment is likely to emerge at the fore. The growth of this segment can be attributed to their relatively lower costs, variety of features, superior scalability, and high image resolution.
By geography, the global market for video management software can be segmented into Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. Asia Pacific is swarming with a wide expanse of growth opportunities, thanks to the fast-growing economies such as India and China. As the number of smart city projects in the region are increasing, there has been a growing need for intelligent transportation systems, which need video management software.
Verint Systems, On-Net Surveillance Systems Inc., AxxonSoft, Exacq Technologies, Aimetis Corporation, Milestone Systems, 3VR, Genetec, March Networks, and Salient Systems are some of the major companies operating in the global market for video management software (VMS).