Video Management Software (VMS) is also called as video management system or video management server. It is a part of a security camera system that records/stores that video in the storage device collects video, delivers an interconnection to both, view a live video and access recorded video. Affluence of deployment and rise in use of IP video, and deeper, improved, and beneficial integrations with other digital business systems are some important aspect that will drive the video management system market . Also, rise in perception of video surveillance in an inclusive range of applications has given a positive impact to drive the market . Factors like problems related to storage of high-resolution videos and recordings, and matters related to privacy are some aspects that will restrain the management system market . Rise in of IoT and Video Analytics are some opportunities to drive video management system market . Integrator's facility to properly size, scale, and configure an IP System are some challenges that will hinder video management system market .
MARKET SCOPE
The "Global Video Management System (VMS) Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the video management system (VMS) market with detailed market segmentation by solution, technology, service, deployment, and geography. The report provides key statistics on the market status of the leading video management system (VMS) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on solution, the global video management system (VMS) market is segmented into video intelligence, case management, and others.
- On the basis of technology, the market is segmented into analogy-based VMS, IP-based VMS.
- Based on service, the market is bifurcated into professional service and managed service.
- Based on deployment, the market is bifurcated into cloud and on-premise.
MARKET DYNAMICS
Drivers:
- Increasing use of IP video and easy deployment are some of the factor which are driving the growth of the global video management system market.
Restraints:
- Privacy related issues may hinder the growth of the global video management system market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The video management system (VMS) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the video management system (VMS) market in these regions.
IMPACT OF COVID-19 ON VIDEO MANAGEMENT SYSTEM (VMS) MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the video management system (VMS) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from video management system (VMS) market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the video management system (VMS) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3VR, Inc
- Aimetis Corporation
- Axxonsoft
- Exacq Technologies
- Genetec, Inc
- March Networks
- Milestone Systems A/S
- On-Net Surveillance Systems, Inc
- Salient Systems
- Verint Systems Inc.