The market for video management software is expanding steadily as a result of rising utilisation for things like behaviour monitoring, real-time security information, and other things. The market for video management software is expanding as a result of increased integrated utilisation. Security personnel have a more unified and thorough understanding of what is happening at any given time because to the integration of video with other data from access control systems, intrusion detection systems, and risk awareness systems. The fusion of various data sets will heavily rely on video analytics.
As video management software connects with other security systems, scalability becomes more crucial. According to one expert, features that enable quick system deployment, centralised system management, and the capacity to execute operations simultaneously across numerous network video recorders and clients will find greater adoption.
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Video Management Market: Drivers and Challenges
The key factor driving the market acceptance of video management software is the development of cloud-based video recording, which decreases initial costs, offers integrated system management, and permits offsite storage of recordings with remote access. The market for video management software is expanding as a result of the expanding usage of video surveillance, the development of video analytics, and IOT.
The largest challenge for video management software is the lack of control over security and privacy precautions, which makes it easier for hackers to hijack devices, steal internal data, and utilise such devices for immoral purposes. A key additional challenge is determining the degree of device intelligence and which processes can be completed totally without the need for human participation. These factors are limiting the market’s ability to grow for video management software.
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Key Developments
In order to develop comprehensive surveillance solutions and effectively work with international partners, VIVOTEK, a leading provider of IP surveillance systems, and Cathexis, a leading provider of electronic and software systems with headquarters in South Africa, formed a partnership in March 2016.
To enhance its enterprise video management software capabilities, Panasonic introduced video management software in July 2016. With a single administration interface that offers a variety of improved enterprise-level surveillance capabilities, such as Video Wall, Health Monitor, Automated Failover, Active Directory LDAP, Access Control Integration, and Software Development Kit, it will assist businesses in communicating (SDK)
The report covers exhaustive analysis on
Video Management Market Segments
- Market Dynamics
- Historical Actual Market Size, 2014 – 2016
- Market Size & Forecast 2017 to 2027
- Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
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Video Management Market: Segmentation
Segmentation on the basis of Components:
- Video management Software
- Analog based VMS
- IP Based VMS
- Video management Software Service
Segmentation on the basis of Industry:
- IT & Telecom
- BFSI
- Retail
- Transportation & Logistics
- Energy & Utility
- Others
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