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The Global Video Management Software Market Size is anticipated to reach USD 11,702.3 million by 2022, at a CAGR of 21.6% during the forecast period. Easy deployment and growing use of IP video, third-party integration with other digital business systems, growing concerns about security, globally and growing adoption of video surveillance in different applications are the major driving forces for the VMS market. The advanced video management solution is the largest segment, and would remain as the largest throughout the forecast period, as video management is an integral part of video monitoring system.
Collecting videos and handling recordings, video routing, managing events, & integrating other functionalities is the basic functionality of the video management system. Video surveillance and security have gained wide spread adoption, globally. Security cameras though they have been around for decades, the recent developments in the IP video technology has created significant rise in the adoption of IP video technology in access control. The capability to store and stream footage from the web makes the technology more economical and attractive for most of cost centric operations in the organizations. The report highlights the adoption of Video Management Software Market globally.
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 geographies included in the report are North America, Europe, Asia-Pacific, & LAMEA (Latin America, Middle East and Africa). For the better analysis, the geographies are segmented into countries.
Key companies profiled in the report includes Canon Inc., On-Net Surveillance Systems, 3VR, Verint Systems, Salient Systems, Exacq Technologies, Axxonsoft and Genetec Inc.