Video Management Software Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- the Increasing need for security and safety at public places is expected to drive the growth of Global Video Management Software Market.
Video Management Software Market is valued at USD 5.16 Billion in 2018 and expected to reach USD 24.62 Billion By 2025 with the CAGR of 25.02% over the forecast period.
Video management software is a part of video surveillance system that has ability to access real time video, record and store videos. Traditional CCTV systems have limited functionality to monitor and track the events that happening around, however newest cloud based video management software have capability to store, record and analyze the events in real time. This software plays an important role for surveillance system and also helps user to view multiple camera feeds and set alerts for motion detection as well. It can be incorporated with external devices including CCTV cameras, intrusion detection system, fire alarm system and many other areas.
Video Management Software Market report is segmented on the basis of solution, deployment, vertical, installation method and region & country level. Based upon solution, video management software market is divided into advanced video management, video intelligence, mobile application, case management, data integration, intelligent streaming, custom application management, navigation management, storage management and security management. On the basis of deployment, market is divided into on-cloud and on-premise. Based upon vertical, video management software market is divided into IT & telecommunication, BFSI, manufacturing, healthcare, retail, banking and others.
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The regions covered in this Video Management Software market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Video Management Software market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Video Management Software Market Report–
Some major key players for Video Management Software market are Mindtree Ltd, 3VR Inc, Milestone Systems Inc, Genetec Inc., Exacq Technologies, Aimetis Corporation, Surveon Technology Inc, Geo Vision Inc, Imotion Security Inc., Video Insights Inc and others.
Increasing Demand for Security Features in Various Marketplaces is Expected to Fuel the Global Video Management Software Market growth.
Significant growth in infrastructure have seen from last few years that security related issues are increasing across the world, as increasing demand for security features, video management software has become one of the important assets in today’s world. In 2017, a security camera with video analytics is estimated over 17 million shipments, whereas the number of recorders with video analytics is expected to rise from the year 2017 to 2022. The government administration, different marketplaces such as residential societies, various organizations have adopted this type of advanced technology of surveillance systems to keep a check on suspicious activities for safety and security purposes. For example; the average of number of cameras per system surveyed has increased nearly about 70% from the year 2015 to 2018. Moreover, increasing use of internet, smartphones and tablets which are integrated together with Video management software offers surveillance features to satisfy and infrastructure management requirements across a wide range of market areas are also anticipated to drive the growth of this market. However, the installation of video management software is expensive as well as it needs to update software regularly which may hamper the growth of the market. In spite of that, technological advancements in cloud based computing systems can offer lucrative opportunities for the growth of this market in the coming few years.
North America is Expected to Dominate the Global Video Management Software Market.
North America is accounted for largest share of this market owing to high number of video surveillance consumers with rapid development in infrastructure. In addition, government organizations have taken initiatives for the implementation of video management software to lower the incidences of crime and to meet the requirements of safety concerns in this region is also expeceted to foster the market growth. Asia Pacific is anticipated to be fastest growing region in video management software due to increasing digitalization technologies in smart phones, tablets and software systems with the rise of IOT platforms have opened new opportunities for video management software in this region. In Asia Pacific region, the number of video surveillance systems used and estimated to grow from 3.1 billion to 8.6 billion by 2020. Latin America and Middle East region has steady growth rate owing to less awareness about advanced technologies.
Key Benefits for Video Management Software Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Video Management Software Market Segmentation:–
- Advanced video management
- Video intelligence, mobile application
- Case management
- Data Integration
- Intelligent Streaming
- Custom Application Management
- Navigation Management
- Storage Management
- Security Management
- IT& Telecommunication
By Installation Method
- Large sized
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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