Jun 08, 2020, 12:37 EST
New York, United States, Jun 08, 2020, 12:37 /Comserve / -- The global video management software (VMS) market is anticipated to expand at a CAGR around 23.0% during 2018-2027. It is estimated to value at around USD 16.0 billion by 2027.
The video management software (VMS) is used by various commercial and government agencies. It records the live video footage in the software. The global video management software (VMS) market can be segmented on the basis of type, application, deployment and region. On the basis of type, it is segmented into IP-based VMS and analog-based VMS. IP- based VMS technology is anticipated to lead the type segment throughout the forecast period. The high demand for IP- based VMS technology on the account of various qualities such as high resolution of the camera, easy scalability of the picture and low cost of the IP-based video management software technology .On the basis of application, it is sub-segmented into manufacturing and automotive, transportation and logistics, government, healthcare and life sciences, education and others. The government is expected to lead the application segment. The growing use of the video management software technology in order to improve the safety and security measure of the country is expected to be the primary reason for the sub-segment to lead the application segment. On the basis of deployment type, it is sub-segmented into cloud based, on-site, application based. On site premises is expected to be the major sub-segment of the deployment segment. The on -site premises is anticipated to hold the largest market share for the deployment segment over the forecast period. The low cost of the ownership coupled with low annual subscription cost is anticipated to be the primary reason for the sub-segment to lead deployment segment.
The global video management software (VMS) market is anticipated to expand at a CAGR around 23.0% during 2018-2027. It is estimated to value at around USD 16.0 billion by 2027. The increasing demand for the high resolution videos by the various government agencies in order to enhance the security measures is the major factor for the growth of the global video management software (VMS) market.
By region, global Video Management Software (VMS) Market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is expected lead the global video management software (VMS) market. The existence of highly developed security system coupled with growing adoption of the video surveillance system is expected to be the primary reason for the region to hold the largest market share for the global video management software (VMS) market. Asia-Pacific is anticipated to be the fastest developing region for the global video management software (VMS) market. The increasing deployment of the surveillance system by the government on a large scale is anticipated to be the major factor to increase the demand for the video management software in the region.
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Increasing application of the video management technology by the government is anticipated boost the growth of the global video management software (VMS) market
The enhanced features of the video management software coupled with high demand from various applications such as government, automotive and healthcare in order to maintain security is anticipated to upsurge the market growth of the video management software market worldwide.
The report titled “Video Management Software (VMS) Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global video management software (VMS) market in terms of market segmentation by type, by application, by deployment and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global video management software (VMS) market which includes company profiling of key companies such as Honeywell International Inc., Salient Systems, AxxonSoft, Schneider Electric, Milestone systems, On-Net Surveillance Systems, Aimetis Corp., Tyco Security Products,3VR Inc., Verint Systems Inc, Genetec Inc, March Networks, Bosch Sicherheitssysteme GmbH, Surveon Technology Inc., and Hanwha Techwin CO., LTD. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global video management software (VMS) market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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