Global Video Management Software Market Is Projected To Succeed In USD 10,931 Million in 2028 | CAGR Of 10.2%

The IP-Based System of the Video Management System Market Will Account for the Highest Revenue Share

“Global Video Management Software Market: Product Type, End-User, Deployment, Growth Rates and Shares, and Forecast: 2019-2028” is a recently produced report by research team at Market.US. The global video management software market is projected to reach a value of US$ 10,931 million in 2028, from a value of around US$ 4,143 million in 2019. The global market is projected to register a steady growth rate of 10.2%.

Video Management Software is a crucial component that acts as an interface for a video surveillance system. It allows an individual to access recorded footage for review and analysis. In recent years, video surveillance has been used in various applications such as the monitoring of cross-border activities, urban surveillance, transportation, etc. Due to the rise in security threats to both developing and developed economies, the revenue growth of the VMS market is expected to surge exponentially over the next 10 years.

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There are two types of video management systems – analog-based VMS and IP-based VMS. Analog-based systems are where cameras were only capable of producing a video signal continuously, and any video signaling processing had to be done by the recording VMS.

Whereas, an IP-based video management system offers flexible, cost-effective and scalable surveillance solutions that can be used for a wide range of applications in various industries. With this system users can monitor and record video remotely using an IP network as the backbone of the system.

With better video quality and clarity, the IP-based system will be able to capture and monitor behavior in real-time. This is a primary factor that will lead to the exponential revenue growth of the VMS market in the years to come.

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Unfortunately, a few factors that may hinder the revenue growth of the global video management systems market are that high-resolution videos require significant storage capacity, there are issues pertaining to an individual’s privacy and the lack of co-operation between security authorities.

Therefore, in terms of technology type, the IP-based VMS market accounted for the majority revenue share of this market and it is expected to continue to do so in the years to come. Its primary area of end-user applications has been found in that of commercial buildings. And, with respect to the deployment of these VMS, it has been found that cloud-based VMS are the preferred option when compared to on-premise VMS.

The key players of the global video management systems market are – Саnоn Іnс., Gеnеtес Іnс., Vеrіnt Ѕуѕtеmѕ Іnс., Маgаl Ѕесurіtу Ѕуѕtеmѕ Ltd., Раnаѕоnіс Соrроrаtіоn, Ѕсhnеіdеr Еlесtrіс Ѕ.Е., and Наngzhоu Ніkvіѕіоn Dіgіtаl Тесhnоlоgу Со. Ltd.

North America accounted for a majority share of the global video management systems market, followed closely by Europe. The market in the Asia Pacific region is expected to register the highest rate of revenue growth over the forecast period.

Кеу Маrkеt Ѕеgmеntѕ

Туре

Аnаlоg Ваѕеd VМЅ
ІР Ваѕеd VМЅ

Аррlісаtіоn

Соmmеrсіаl Вuіldіngѕ
Іnduѕtrіаlѕ Ѕесtоr
Rеѕіdеntіаl Вuіldіngѕ
Тrаnѕроrtаtіоn

Кеу Маrkеt Рlауеrѕ іnсludеd іn thе rероrt:

Саnоn Іnс.
Gеnеtес Іnс.
Vеrіnt Ѕуѕtеmѕ Іnс.
Маgаl Ѕесurіtу Ѕуѕtеmѕ Ltd.
Раnаѕоnіс Соrроrаtіоn
Ѕсhnеіdеr Еlесtrіс Ѕ.Е.
Наngzhоu Ніkvіѕіоn Dіgіtаl Тесhnоlоgу Со.Ltd

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source https://wiredrelease.com/press-release/global-video-management-software-market-is-projected-to-succeed-in-usd-10931-million-in-2028-cagr-of-10-2-2021-07-12