Global Video Management Software Market
Dublin, Aug. 10, 2022 (GLOBE NEWSWIRE) -- The "Global Video Management Software Market 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The publisher forecasts the global video management software Market size is expected to grow USD 10.9 billion in 2022 to USD 31.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.
By Technology, the IP-based VMS segment to grow at the highest market share during the forecast period
IP-based VMS systems are expandable and flexible. Employees can control the software from anywhere on the network. Surveillance and security teams can use the software for live monitoring, as well as investigative and forensic purposes, using archived footage. IP cameras transfer video digitally over a network and connect to a recorder using an ethernet cable via a network switch.
Because each IP camera has its own IP address, the cameras can be found and streamed over the network. Modern security systems incorporate IP cameras. IP cameras process and compress the video and then send it to a video recorder. However, they require a network video recorder (NVR) or VMS investment compared to analog cameras.
They have drastically changed the video surveillance system, which is available in different types, such as dome, box, Point-Tilt-Zoom (PTZ), wedge, and bullet models, with high-quality images and high resolutions. They have also immensely enhanced the security and safety of the public. VMS is basically made for IP cameras with some unique functionalities, such as recording, controlling, and remote monitoring. The end users are looking for more advanced video data, apart from recording and controlling the video data.
By Organization Size, the Large Enterprises segment to hold the larger market size during the forecast period
Organizations with more than 1,000 employees are considered large enterprises. The adoption of VMS software and platforms among large enterprises is expected to increase in the coming years.
The large enterprises are expected to have adopted the VMS solution for reducing operational costs, improving business functioning, enhancing operational efficiency, and sustaining the intense competition. Large organizations in BFSI, retail, healthcare, and telecommunications verticals need AI technology for video analysis of captured data.
AI helps data management teams realize which practices are ineffective and what all are working the best. Several organizational departments have been utilizing data to enhance their operations.
By Deployment Mode, the On-premises segment is expected to grow at the highest market share during the forecast period
An on-premises enterprise video implementation is a perfect fit for large-scale enterprise environments where security and compliance are critical, particularly in banking, finance, healthcare, pharma, and telecommunications as well as environments where employee bases are large and globally distributed. On-premises VMS solutions are positioned on an end user's computer.