November 7th, 2022
Video management software (VMS) facilitates the collection, storage, and accessibility of video streams. These systems offer real-time security monitoring and video surveillance footage playback abilities from an on-site, centralised, or mobile location. Some of the higher-end systems can curate alarms and sensor data from a range of, enabling swift notification of potential threats to security personnel. VMS provides a single point of control for seamless video integration, access control, and different types of systems. As a result, this simplifies security management and improves overall effectiveness. Such robust capabilities of video management systems have promoted deployment in strategic locations such as banks, transportation, city centres, home security, airports, ATM centres, and public roadways.
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Growing Security Concerns to Amplify Video Management Software Sales
Surveillance systems have recently gained significant momentum across governmental and private institutions, commercial and public venues, and residential communities. The growing security threats have boosted the adoption of surveillance systems and the concurrent deployment of video management software. Surveillance technology, including Big Data, and video surveillance, promotes swift monitoring of behaviour and activities while managing information in a database. Growing security concerns in enterprises have augmented the sales of the video management software market. In addition, intelligent cameras are leveraging computer vision, machine learning and automation technologies. IoT initiates a connection between network-enabled cameras with other devices and systems, ensuring safer and more intelligent security surveillance.
Case Management Solution to Make it Ideal for Video Management Software
An uptick in the penetration of surveillance cameras has furnished the base for the digital surveillance domain. This, in turn, has fuelled the demand for case management solutions. The demand for these solutions is further elevated by the need for visual evidence to expedite criminal investigation procedures. Notably, case management tools advocate for easier and smoother collaboration of public and corporate security to resolve investigations faster. Likewise, case management tools provide instant access to evidence with a single click and restrict unauthorised access to critical information. Management of all cases and data in a single platform makes this tool more economic and secure. The soaring demand from security departments to solve issues by collating evidence data on a single platform shall bode well for the holistic growth of the video management software market.
North America to Stay Lucrative with Greater Acceptance of Surveillance Technology & Significant Technological Advancements
North America sustains its dominance in the global video management software market amid the soaring adoption of video surveillance. Businesses and organisations in the region are more open to embracing new technologies which have encouraged the usage of video surveillance technology. Growing prominence of IP-based solutions, technological advancements and declining equipment costs have raised the demand for video management software in North America. Additionally, the country’s sound economic landscape and extensive application in business and industrial domains have unlocked new avenues for the growth and expansion of the regional market.
Competitive Market Players
Some of the most prominent players operating at the forefront of the global video management software market include Milestone System A/S, Bosch Security System, Aimetis Corporation, Cisco Systems, Inc., Honeywell International, Inc.,Verint System, O-Net Surveillance Systems Inc., Schneider Electric Industries SAS, Verint Systems, Inc., and 3VR Inc.
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