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APAC Video Management Software (VMS) Market revenue to hit $4 Bn by 2026
Published Date: 2021-07-14
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APAC Video Management Software (VMS) Market size is projected to cross USD 4 billion by 2026, according to a latest forecast report by Graphical Research.
The market growth is attributed to growing need to protect various physical assets across government offices and public places. Moreover, the increasing theft and crime incidents have driven private consumers toward the adoption of video-based security systems to enhance the safety of their residences. Modern VMS solutions are embedded with high-performance processing, powerful video decoders, and support for low-light scenarios, making them viable solutions for video surveillance in challenging conditions.
The mobile application is expected to grow at a CAGR over 20% during the forecast period due to increasing number of smartphones and tablets. For instance, according to GSMA, the smartphone users in China crossed 1.34 billion mark in 2020. The VMS mobile applications are designed for smartphones and tablets. The VMS mobile applications allow users to access video servers remotely at any time using Public IP or private IP. They allow cameras from different video recorders or servers spread across different locations to group together and sequence for easy video monitoring. Several VMS solutions are using mobile application solutions that are anticipated to fuel video management software (VMS) market growth on account of the fast infiltration of tablets, smartphones, and smart devices across individuals and enterprises
On-premise deployment model dominated over 60% revenue share in 2019 owing to data security concerns associated with cloud deployment. The on-premise deployment model allows management of video surveillance of a single location. On-premise solutions involve a manually intensive process to support and maintain the on-site devices & software, configuration changes, and updating firmware. These types of solutions involve high initial costs due to expensive necessary hardware, software, and installations.
Browse detailed statistical insights from the report, “Asia Pacific Video Management Software (VMS) Market Forecast 2027 By Deployment Model (On-premise, Cloud), By Component (Solution [Advanced Video Management, Data Integration, Mobile Application, Custom Application Management, Case Management, Security Management], Services [Professional Services, Managed Services]), By Technology (IP-based, Analog-based), By Application (BFSI, Government & Defense, Healthcare, IT & Telecom, Education, Media & Entertainment, Retail), Research Report, Country Outlook (China, India, Japan, South Korea, Australia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Analog-based VPN solution is anticipated to observe at a significant growth rate during the forecast period. Analog-based solutions are easy to run, sending recordings to a DVR, which then converts the analog to digital and stores it. High Definition (HD) analog solutions have resulted in better picture quality and the resolution of captured video. Analog video surveillance systems are simple but they offer very limited functionality and expandability.
The government & defense application is hold over 25% revenue share in 2019 credited to the rising need of video surveillance solutions to protect national and international borders. Government authorities are deploying VMS solutions to protect various government assets and borders. VMS solutions help to solve a set of tasks relevant to modern government facilities and enable governments to ensure safety and improve the efficiency of the facilities´ work.
India video management software (VMS) market is estimated to witness over 20% CAGR between 2020 and 2026 on account of increasing security concerns in the region. The need to provide security to this extensive population is increasing. The government authorities are leveraging technological expertise of the enterprises operating in the industry. For instance, in May 2019, NEC Technologies India deployed advanced surveillance systems in Gurugram City. The company integrated video surveillance systems with traffic management system, supporting Red-light Violation Detection and Automatic Number Plate Recognition features. This helped the traffic authorities to take instant actions against the traffic offenders.
The APAC video management software (VMS) market research report includes an in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:
Asia Pacific Market, By Component
- Advanced video management
- Data integration
- Case management
- Mobile application
- Storage management
- Professional Service
- Managed Service
Asia Pacific Market, By Deployment Model
Asia Pacific Market, By Connectivity
- IP-based VMS
- Analog-based VMS
Asia Pacific Market, By Application
- IT & Telecom
- Government & defense
- Tourism and hospitality
The above information has been provided for the following countries:
- Asia Pacific
- South Korea