(MENAFN- Market Research Future) Market Overview:
The VMS Industry Share is anticipated to witness healthy growth from 2020 to 2027, a research report suggests. Growing at a CAGR of 19.48%, the market is projected to reach US$18,488.54 million by 2027. Easy deployment and increased use of IP video is expected to support the market growth along with the need for surveillance solutions. As predicted by analysts, technical problems will negatively affect the market’s performance from 2020 to 2027. During the forecast period, the market will be supported by substantial growth in digitalization and digital solutions in workplaces.
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Comparative Analysis:
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).
Segmental Overview:
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-premises 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.
Regional Analysis:
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, Exact 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.
Industry News:
The global Video management software market has been affected due to the lockdown across the regions. This pandemic situation has hampered the Video management software market as well as its productivity, supply chain, and others. Moreover, the global market has lost its investors due to the increasing loss for the products, supply, transportation, workforce, and others. However, in the meantime, the key market players have implied various strategic techniques to boost global market growth. Thus, to meet the global market demands, the global market increased its speed in producing more valuable products for its intended customers. Recently, the global market has stabilized its position in the global market and is expected to register a higher Video management software market for the forecast period.
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Table of Contents:
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
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued….
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