Global Video Management Software Market 2019-2023
SKU ID :TNV-13408140 | Published Date: 23-Apr-2019 | No. of pages: 115Description
About this market
The increasing demand for intelligent transportation systems (ITS) will drive the video management software market growth during the forecast period. The adoption of ITS enables users to manage traffic-related issues. ITS are integrated with video surveillance systems, which are used to provide live analytical solutions based on data feeds. Furthermore, it also provides the transportation administrator with prior information on traffic and real-time information from the video feeds of all the cameras installed. Therefore, the increasing adoption of ITS fuels the demand for video surveillance cameras integrated VMS. This will drive the growth of the market during the forecast period. analysts have predicted that the video management software market will register a CAGR of over 27% by 2023.
Market Overview
Increasing demand for intelligent transportation systems
One of the growth drivers of the global video management software market is the increasing demand for intelligent transportation systems. The increasing adoption of ITS fuels the demand for video surveillance cameras integrated with VMS, which will drive the growth of the market during the forecast period.
The high initial license cost of VMS
One of the challenges in the growth of the global video management software market is the high initial license cost of VMS. The installation of VMS becomes a highly expensive task for residential end-users and small businesses, which is expected to limit the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the video management software market during 2019-2023, view our report.
Competitive Landscape
The market appears to be highly concentrated with the presence of a few market players. The increase in the strategic partnerships and alliances between the vendors in the market and other companies will lead to the development of innovative security solutions, which will support the growth of the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The increasing demand for intelligent transportation systems (ITS) will drive the video management software market growth during the forecast period. The adoption of ITS enables users to manage traffic-related issues. ITS are integrated with video surveillance systems, which are used to provide live analytical solutions based on data feeds. Furthermore, it also provides the transportation administrator with prior information on traffic and real-time information from the video feeds of all the cameras installed. Therefore, the increasing adoption of ITS fuels the demand for video surveillance cameras integrated VMS. This will drive the growth of the market during the forecast period. analysts have predicted that the video management software market will register a CAGR of over 27% by 2023.
Market Overview
Increasing demand for intelligent transportation systems
One of the growth drivers of the global video management software market is the increasing demand for intelligent transportation systems. The increasing adoption of ITS fuels the demand for video surveillance cameras integrated with VMS, which will drive the growth of the market during the forecast period.
The high initial license cost of VMS
One of the challenges in the growth of the global video management software market is the high initial license cost of VMS. The installation of VMS becomes a highly expensive task for residential end-users and small businesses, which is expected to limit the growth of the market during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the video management software market during 2019-2023, view our report.
Competitive Landscape
The market appears to be highly concentrated with the presence of a few market players. The increase in the strategic partnerships and alliances between the vendors in the market and other companies will lead to the development of innovative security solutions, which will support the growth of the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
TOC
Tables & Figures
Companies
- PRICE
-
$2500$4000Buy Now