North America Video Management Software (VMS) Market Size, Drivers, Restraints, Regional Analysis and Forecast 2020-2026

The North America video management software (VMS) market size is certain to expand due to the integration of a new feature for audio monitoring. As the interest toward surveillance systems grows, the expanding demand for VMS software, particularly for CCTV cameras, is likely to add to North America video management software (VMS) industry share. It is only in the recent times that market awareness regarding software solutions for managing camera footage is increasing due to benefits of third-party VMS solutions. With the integration of VMS software, CCTV monitoring has become more convenient and efficient.

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During the pandemic situation, CCTV analytics proved to be instrumental in enforcing safety guidelines including mask compliance and social distancing. Along similar lines, IP-based monitoring cameras are being installed for public safety across pavements, avenues, and streets, aiding the development of North America video management software (VMS) market forecast. The growing threat of thefts, crimes, and other illegal activities can be mitigated using VMS solutions.

The high-definition video quality, enhanced scalability, and remote & mobile monitoring in real-time are some features offered by IP-based VMS that are valued by customers for their high efficiency. As these VMS solutions enable intelligent video management, at the same time reducing the ownership costs, they are being installed at a fast pace by consumers amid the pandemic.

The retail industry in of North America video management software (VMS) market is projected to see augmenting requirement for VMS solutions through 2026. As the impact of the pandemic has been declining across several regions in North America, the need for advanced capabilities including traffic direction, queue length analysis, and abandoned object analysis is likely to surface across department stores, drug stores, discount stores, shopping malls, and other enterprises.

With several VMS solution providers focusing on innovations and product development, North America video management software (VMS) market outlook is expected to benefit from expanding portfolios in the long run. For example, in March 2020, Avigilon introduced its upgraded version, Avigilon Control Center 7.6, which is especially designed for enterprises. The version supports AI-powered facial recognition and activity detection analytics.

The market share from on-premise deployment model is expected to grow at a 10% CAGR through 2026 and commanded over 55% of the total North America VMS industry share during 2019. On-premise deployment model involves multiple devices and video applications such as streaming, recording & management servers, and storage devices.

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The growing utilization of cloud storage services can offer a reliable and secure video archiving system which can potentially complement on-premise VMS. 3VR Security, Inc., Honeywell International Inc., Avigilon Corporation, and Avigilon Corporation are some leading VMS solution providers in North America.

Table of Contents (ToC) of the report:

Chapter 2   Market Snapshot

2.1    North America Video Management Software (VMS) Market snapshot

Chapter 3   North America Video Management Software Industry Insights

3.1    Industry coverage

3.2    Industry size, 2015 – 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

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