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.
Scalability is becoming increasingly important in video management software as it integrates with other security systems. "Features that allow for rapid deployment, centralised system management, and the ability to perform actions across multiple network video recorders and clients simultaneously will be more widely adopted," says one expert.
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Video Management Market: Drivers and Challenges
The development of cloud-based video recording, which lowers upfront costs, has built-in system management, and allows for offsite storage of recordings with remote access, is the main reason propelling the market acceptance of video management software. Additionally, the growing use of video surveillance, the development of video analytics, and IOT are all contributing to the market growth for video management software.
Lack of control over security and privacy safeguards, which makes it simple for hackers to take over devices, steal internal data, and use those devices for immoral purposes, is the biggest obstacle for video management software. Identifying the amount of device intelligence and which processes can be carried out entirely without the need for human intervention is a significant additional difficulty. These elements are preventing the market for video management software from expanding more quickly.
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
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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