The report study, titled “Video Management Software (VMS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” projects light on the chief compounds, restraints, progress opportunities, and trends prevailing in the market. The key players in the Video Management Software (VMS) Market have been considered in detail, alongside Porter’s Five Forces Analysis to determine the nature of competition among them.
Video management software is an integral part of every surveillance system, which assists in the management of camera and recording settings, sends setting alerts when tampered, and facilitates viewing or programming of multiple cameras feeds. VMS not only reviews but also investigates the recorded videos effectively. 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. Electronic devices such as Internet Protocol (IP) network cameras and closed-circuit Television (CCTV) cameras have been boosting this technology. As a result, the global demand for video management software is expected to fuel during the forecast period. The growth of the global market for video management software is due to the third-party integration with digital business systems, growing popularity of video surveillance across a variety of applications, and an alarming upsurge in security apprehensions over the globe. The ease of installation of video management software is one of the primary growth drivers of the global market for video management software.
The global market for video management software is segmented by its applications which include security management, custom application management, video intelligence, advanced video management, storage management, intelligent streaming, data integration, and navigation management. The global market is further segmented based on its end-user which includes retail, government, transportation, sports stadiums, and banking, financial services, and insurance (BFSI). Moreover, the market is segmented into IP-based VMS and analog-based VMS. In this segmentation, the IP-based segment is expected to arise at the frontline. This segment's growth can be accredited to their comparative variety of features, superior scalability, lower costs, and high image resolution.
The global market for video management software is divided by region which can be segmented into Asia-Pacific, Latin America, Europe, North America, and the Middle East & Africa. Asia Pacific is progressing with a wide expanse of growth opportunities, which is due to the fast-growing economies such as India and China. Growing number of smart cities in the region is leading to a growing need for intelligent transportation systems, which prospers the need of video management software.
Verint Systems, On-Net Surveillance Systems Inc., Aimetis Corporation, Milestone Systems, Genetec, March Networks, and Salient Systems are some of the major companies operating in the global market for video management software (VMS).