Global Video Management Software Market Research Report: By Solution (Video Intelligence/Analytics, Case Management, Navigation Management), By Technology (Analog-based and IP-based), By Deployment (Cloud-Based and On-Premise), By Organization Size and By Vertical – Forecast to 2026
Market Highlights
By region, the Global Video Management Software Market has been segmented into North America, Europe, Asia-Pacific, Africa, the Middle East, and South America.
North America is dominating the Global Video Management Software Market owing to the wide adoption of video surveillance systems by enterprises. Adding to it, the increasing number of applications, both commercial and industrial, is driving the North American market. The other factors driving the regional market include the presence of advanced technologies in the region, the falling prices of cameras, a gradual shift from analog to IP cameras, and an increased preference among users for IP-based systems. However, asymmetric internet speeds are likely to impede market growth.
According to Market Research Future analysis, the global video management software market was valued at USD 5,855.42 Million in 2019; it is expected to reach USD 18,488.54 Million by 2026, recording a CAGR of 19.48% during the forecast period, 2020–2026.
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Market Segmentation
Global Video Management Software Market has been segmented based on Solution, Technology, Deployment Mode, Organization Size, Vertical, and Region.
Based on solution, the global market has been segmented into video intelligence/analytics, case management, advanced video management (data integration), custom application management, intelligent streaming, mobile application, navigation management, storage management, and security management.
Based on technology, the global market has been segmented into analog-based and IP-based. Among these, in 2019, the analog-based technology accounted for a larger market share. Analog-based video management software is dominating the global market owing to the wide adoption of traditional and conventional video surveillance systems, particularly by the government sector. They have been deploying analog solutions that are cost-effective and ensure complete security. However, IP-based technology is now gaining a lot of popularity, and many corporates have initiated the integration of this technology into existing analog systems to improve overall functionality.
Based on deployment mode, the global market has been segmented into on-premise and cloud-based. Among these, in 2019, the on-premise deployment mode accounted for a larger market share of 63.27%, with a market value of USD 3,704.90 million. The cloud-based deployment segment is projected to record a higher CAGR of 22.94% during the forecast period.
Based on organization size, the global market has been segmented into small and medium-sized enterprises (SMEs) and large enterprises. In 2019, the large enterprises segment accounted for a larger market share of 63.10%. The SME segment is projected to record a higher CAGR of 21.42% during the forecast period.
Based on vertical, the global market has been segmented into BFSI, retail & E-commerce, government, healthcare, IT & telecommunication, manufacturing, public transportation, and others.
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