Video Management Software | Manufacturing Size, Industry Expansion Strategies Explosive Factors of Revenue by Forecast to 2027
Market Scenario:
The growing use of IP (Internet Protocol) video, increasing number of security breaches, and increasing adoption of video surveillance solutions across various verticals in the industry are the primary drivers of market growth. However, the growing adoption of Video Management Software for the integration of VMS with CCTV cameras, intrusion detection systems, and video analytics applications by small and medium-sized enterprises also promotes market growth. Easy installation, on-site and cloud deployment, quicker access to videos through web clients or mobile clients, and centralization of video surveillance operations for different geographic locations are some other factors driving the market growth. Concerns regarding privacy among individuals, issues related to storing high-resolution video recordings and lack of bandwidth in remote locations present a challenge to market growth in the years to come.
COVID-19 Analysis:
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Video management software Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Video management software Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Video management software Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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MRFR distinguishes the key players in the global video management software market as AxxonSoft Inc. (Germany), Qognify Inc. (US), Genetec Inc. (US), Verint Systems (US), Salient Systems (US), 3VR (US), Aimetis Corporation (Canada), Exacq Technologies (US), Surveon Technology Inc. (Taiwan), March Networks (Canada), GeoVision Inc. (Taiwan), iMotion Security Inc. (Canada), Milestone Systems Inc. (US), Video Insights Inc. (US), and Mindtree Limited (India).
In this report, the global video management software market has been segmented based on solution, technology, organization size, deployment, vertical, and region. Based on the solution, the global market has been segmented into case management, video intelligence, advanced video management, data integration, intelligent streaming, custom application management, mobile application, navigation management, storage management, and security management. The consumer market was divided into analog and IP-based, by technology. The retail business was bifurcated between on-premise and cloud by deployment. The business market has been categorized by corporate scale into large companies and SMEs. The global market has been segmented into IT & Telecommunications, BFSI, Retail , Healthcare, Media & Entertainment, Manufacturing, Government and others.
The video management applications industry geographic research was performed for Europe (UK, Germany , France, Spain , Italy, and the rest of Europe), North America (US, Canada , and Mexico), Asia-Pacific (Japan , China , Australia, Singapore , India, and the rest of Asia-Pacific), and the rest of the world (Middle East & Africa and South America).
North America is currently expected to gain the largest market share due to the rising demand for video management software and video surveillance systems across various industry verticals to ensure the security of the premises and assets. The US has the largest market share due to the growing adoption of IP-based video technology and the presence of key players in the industry such as 3VR, Exacq Technologies Inc., Qognify Inc., and Verint Systems drives the country's market development.
Due to rising government measures to implement video management software to provide efficient video processing in countries such as the UK, Germany , Austria, among others, Europe is expected to gain the second-largest market share.
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE 1 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET ESTIMATES & FORECAST, BY SOLUTION, 2020-2027 (USD MILLION) 46
TABLE 2 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2020-2027 (USD MILLION) 50
TABLE 3 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET ESTIMATES & FORECAST, BY DEPLOYMENT MODE, 2020-2027
(USD MILLION) 52
Continued…
List of Figures
FIGURE 1 MARKET SYNOPSIS 18
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET 19
FIGURE 3 GLOBAL VIDEO MANAGEMENT SOFTWARE MARKET, BY SOLUTION 20
Continued…
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