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The Europe Video Management Software (VMS) market is anticipated to grow at a CAGR of 22.2% during the forecast period. The major driving force for the application of IP surveillance system is increasing security concerns among the masses. This system helps businesses, municipalities and public safety organizations to protect civilians and their assets. The traditional surveillance systems in organizations have flexibility and scalability issues, providing an opportunity for the adoption of IP surveillance system. Governments have started paying attention towards the safety of the citizens by improving the surveillance system and are trying to reduce crime or illegal activities occurring in the society.
IP surveillance system provides fast and real-time surveillance with accurate data updates and hence government sector is one of the major opportunistic areas for IP surveillance system. Retail industry is witnessing a tremendous growth potential. The companies are expanding their operations to new countries. This expansion provides opportunities for IP surveillance industry owing to the theft-free environment provided by the surveillance system.
It also helps in monitoring the warehouses and retail outlets in order to avoid damage; reduces the risk of work place accidents and gives exact consumer behavior patterns to retailers such as in Point of Sale (PoS). The report highlights the adoption of Video Management Software Market in Europe. Based on Type of Solution, the market is segmented into Video intelligence, Case management, Advanced video management, Data integration, Intelligent streaming, Custom application management, Mobile application, Navigation management, Storage management and Security management.
Based on Technology, the market is segmented into Analog-based VMS and IP-based VMS. Based on Deployment, the market is segmented into Cloud and On-Premise deployment. The countries included in the report are Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Key companies profiled in the report includes Canon Inc., On-Net Surveillance Systems, 3VR, Verint Systems, Salient Systems, Exacq Technologies, Axxonsoft and Genetec Inc.