Selbyville, Delaware, May 11, 2020 (GLOBE NEWSWIRE) —
According to latest report “Video Management Software Market by Component (Solution [Advanced video management, Data integration, Case Management, Mobile Application, Storage management], Service [Professional, Managed]), Deployment Model (On Premise, Cloud), Technology (IP-based, Analog-based), Application (BFSI, Government & defense, Healthcare, IT & telecom, Tourism & hospitality, Education, Retail), Regional Outlook, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of video management software (VMS) will reach $10 billion by 2026. The increase in penetration of surveillance systems due to growing security concerns and need to manage these systems is expected to contribute significantly to market growth.The growing demand for advanced security measures for facility protection, cross border protection, and social gatherings monitoring is expected to support video management software market growth. Advanced capabilities to manage and monitor extensive surveillance devices are driving the demand for VMS software solutions. VMS software provides access to diverse data stored and collected through surveillance devices. In addition, this software features built-in advanced technologies such as video analytics, facial recognition, and artificial intelligence. This helps in simplifying complex application processes in surveillance systems.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1623The advanced video management solution component will hold a major market share in 2026. The growth is attributed to technological advancements in surveillance systems and devices. VMS solution vendors are integrating AI-based technologies and advanced video analytics capabilities with their video management software. Moreover, the integration of computer vision and artificial intelligence assists in the early detection of suspicious incidents during surveillance. This helps enterprises to integrate VMS software with surveillance systems to provide a robust surveillance infrastructure.The cloud-based video management software (VMS) market is anticipated to witness a growth of over 20% till 2026. Major corporates are adopting cloud-based VMS solutions that help them to manage surveillance devices and storage systems across multiple sites. The enterprises majorly leverage these solutions for connecting overall surveillance system to internet protocol and enable flexible accessibility to the system. This assists enterprises in effective utilization of network bandwidth and reduces administration costs.The IP-based technology segment held a substantial share in the video management software market and is predicted to observe 20% CAGR through 2026. The demand for IP-based CCTV devices and systems is increasing across established corporate enterprises due to flexibility and remote accessibility to these devices. These CCTV cameras can store surveillance data both on device and cloud storage simultaneously. As these devices can be accessed over internet, they help in eliminating the need for an additional network infrastructure.The adoption rate of VMS solutions across the retail sector is expected to grow significantly from 2020 to 2026. The companies operating in the retail sector focus on expanding their market growth by building large store premises. In addition, these companies deploy multiple CCTV cameras for monitoring overall premise and preventing possibilities of theft and loss. The VMS solution enhances the operational efficiency of these devices, enabling active monitoring.North America video management software market will show steady growth rate during the forecast timeline. The companies operating in the advanced security sector in the region are focusing on enhancement and development of advanced surveillance devices. For instance, in July 2019, Honeywell International unveiled 30 series IP-based cameras for enterprises customers. These cameras can be deployed over multiple locations to cover specific areas. Enterprises are integrating VMS solutions with existing surveillance systems to help them access and monitor overall operations.Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1623Table of Contents (ToC) of the report:Chapter 3 Video Management Software (VMS) Market Insights3.1 Introduction3.2 Industry segmentation3.3 Industry landscape3.4 Video management software ecosystem analysis3.5 Video management software features3.6 Impact of COVID-19 outbreak3.6.1 Impact by region3.6.2 Impact on industry value chain3.6.3 Impact on competitive landscape3.7 Technology & innovation landscape3.7.1 Connected video cameras3.7.2 Scalable cloud-based storage3.7.3 Power over Ethernet (PoE)3.8 Regulatory landscape3.8.1 North America22.214.171.124 NIST Special Publication 800-144 – Guidelines on Security and Privacy in Public Cloud Computing (U.S.)126.96.36.199 Health Insurance Portability and Accountability Act (HIPAA) of 1996 (U.S.)188.8.131.52 Personal Information Protection and Electronic Documents Act [(PIPEDA) Canada]3.8.2 Europe184.108.40.206 General Data Protection Regulation (EU)220.127.116.11 German Privacy Act (Bundesdatenschutzgesetz- BDSG)3.8.3 Asia Pacific18.104.22.168 Information Security Technology- Personal Information Security Specification GB/T 35273-2017 (China)22.214.171.124 Secure India National Digital Communications Policy 2018 – Draft (India)3.8.4 Latin America126.96.36.199 National Directorate of Personal Data Protection (Argentina)188.8.131.52 The Brazilian General Data Protection Law (LGPD)3.8.5 Middle East & Africa184.108.40.206 Law No 13 of 2016 on protecting personal data (Qatar)220.127.116.11 Federal Law No. 2 of 2019 on the use of ICT in Healthcare (UAE)3.9 Industry impact forces3.9.1 Growth drivers3.9.2 Industry pitfalls and challenges3.10 Growth potential analysis3.11 Porter’s analysis3.12 PESTEL analysisBrowse Complete Table of Contents (ToC) @https://www.gminsights.com/toc/detail/video-management-software-marketAbout Global Market Insights, Inc.Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.Contact Us: Arun Hegde
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Selbyville, Delaware, May 11, 2020 (GLOBE NEWSWIRE) —