Video Management Software Market

The major factor driving the adoption of Video management software market is the growth of cloud based video recording which helps in lowering upfront costs, built-in system management, and the ability to store recordings offsite while accessing them from anywhere. Moreover, other advantages that are driving this video management software market to grow are increasing use of video surveillance, growth of video analytics and IOT.

The key challenge for video management software is the lack of control over security and privacy measures due to which hackers can easily take over the devices and steal the internal data and can use that device for immoral purpose. Another major issue is to determine intelligence level built into devices and which process can be done completely without human need. These factors are restricting the market for video management software to grow faster.

Video Management Market: Segmentation

Key Developments:

In March 2016, VIVOTEK, a global IP surveillance provider, and Cathexis, a South African based leading electronic and software systems has entered into the partnership to create comprehensive surveillance solutions and meet the diversified needs of users, VIVOTEK launched its Solution Integration Alliance (SIA) program to effectively cooperate with global partners.

In July 2016, Panasonic, launched video management software to improve its video management software offerings for enterprises. It will help enterprises engage, with a single-management interface that includes an array of enhanced enterprise-level surveillance features, including Video Wall, Health Monitor, Automated Failover, Active Directory LDAP, Access Control Integration and Software Development Kit (SDK)

Key players:

In Video management software market there are many vendors some of them are Axis Communication, Milestone Systems, 3VR, Siemens, Panasonic and others.

Regional Overview

Presently, North America is holding the largest market share for Video management software market due to high adoption of video analytics among enterprises in various industries for smart devices, IOT implementation. The adoption of software as a service model platform is also impacting the market for video management software in a positive manner as large solution providers have started providing these video management software technologies on cloud to small enterprises. In Europe region, the market for video management software is witnessing high growth rate due to the increasing demand for technologies that can allow companies to share resources and their data that can be self-hosted, cloud hosted and have multi-tenant deployment option.

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