Market Size – USD 4 billion in 2018, Market Growth – CAGR of 20.5%, Market Trends – Escalating demand for video surveillance and growing awareness for IoT.
The Video Management Software (VMS) Market is expected to grow from USD 4 billion in 2018 to USD 24 billion by 2026, at a CAGR of 20.5% during the forecast period. The growing concern for security issues all over the world requiring the need for video surveillance and the demand for real-time video processing and recording in HD is anticipated to propel the growth of the market. The ability of VMS to better incorporate with various business digital systems, escalating demand for video surveillance to enhance security measures, use of mobile application solution for tasks such as enabling end-users to monitor real-time videos and also have remote access to such videos in their smart devices, and efforts towards technological standardization are other factors that are estimated to drive the market for VMS.
One major factor that may restrict the growth of the market is the concern pertaining to privacy of streaming as well as recorded videos. Any unauthorized person getting access to the stored videos might misuse the content and thereby compromise with the privacy of people.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the video management software market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Video Management Software (VMS) Market by Type of Solution (Advanced Video Management, Video Intelligence, Case Management, Data Integration, Custom Application Management, Intelligent Streaming, Storage Management, Mobile Application, Navigation Management, and Security Management), and Geography-Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/discount-enquiry-form/1095
Further key findings from the report suggest
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For this report, the market has been divided into the segments of type of solution, technology, services, deployment, industry vertical and region:
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