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APAC Video Management Software Market to grow at 20% CAGR from 2020 to 2026

Asia Pacific Video Management Software (VMS) Market forecast shows the signs of a steady advancement through the next five years, owing to the growing demand for efficient monitoring and surveillance solutions. With deserted public and private properties facing threat from thefts and robberies during the lockdown, the demand for improved security systems is rising. Smart traffic management, parking management, and digital forensics have become necessary for efficient functioning of smart cities in the region.

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APAC Video Management Software Market to grow at 20% CAGR from 2020 to 2026

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  1. APAC Video Management Software (VMS) Market to Cross USD 4 Bn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Asia Pacific Video Management Software (VMS) Market forecast shows the signs of a steady advancement through the next five years, owing to the growing demand for efficient monitoring and surveillance solutions. With deserted public and private properties facing threat from thefts and robberies during the lockdown, the demand for improved security systems is rising. Smart traffic management, parking management, and digital forensics have become necessary for efficient functioning of smart cities in the region. By 2026, Asia Pacific video management software market size pushed by the need to efficiently monitor violations of COVID-19 guidelines and lockdown restrictions that is inciting product demand amongst end-users. The pressing concerns over rising number of crimes and thefts amidst the pandemic are accelerating camera installation activities. To cite an instance, India alone witnessed a crime-rate increase of nearly 14% in 2020, as compared to 2019 data. A hike in offences such as hurt, attempt to murder, rioting, and cases related to Scheduled Caste and Scheduled Tribe (Prevention of Atrocities) Act was is likely to influence APAC VMS market trends from the government sector. By component, the market is bifurcated into security management, advanced video management, mobile application, data integration, case management, and custom application management. The advanced video management segment held nearly 30% of the VMS market in Asia Pacific during 2019 and is poised to stay afloat through 2026. With the growing integration of latest technologies including machine learning, IoT, and AI, the need for video analytics solutions has augmented. Numerous end-users are preferring these solutions due to the inadequacies of traditional surveillance systems. Conventional systems face problems such as multi-screen monitoring complexities, high labor costs, and discrepancies in long-distance capturing. As intelligent video streaming adoption can overcome these challenges, replacement of traditional surveillance systems is picking up pace. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3zFfKzt By deployment model, the cloud segment in APAC video management (VMS) market share is projected to grow at over 20% CAGR between 2020 and 2026. Cloud-based VMS solutions can be easily deployed by enterprises in a cost-effective manner. In this model, the necessary software and hardware are ‘in the cloud’ or off-site, permitting the on-site bridge appliance to connect recording devices including cameras to the VMS. Since all software updates are automatically completed, minimal human interference is required. India video management software market size is poised to grow at nearly 20% CAGR over the assessment timeframe, pushed by the growing security concerns throughout the nation. Upcoming intelligent smart city projects will need more CCTV cameras, thereby increasing product deployment. Other private and public spaces are increasingly installing CCTV cameras. For instance, in July 2021, India’s Ahmedabad city railway station resumed its installation of IP-based video surveillance system (VSS) integrated CCTV cameras, which was halted owing to the pandemic. Herein, video management software (VMS) for IP-cameras will be required for real-time monitoring of the railway station. Under the Indian Phase-I Integrated Security System plan, which aims to provide airport-like security at railway stations, nearly 756 stations will be under VSS coverage by March 2022, as per recent reports. The IP-based technology segment is anticipated to power Asia Pacific video surveillance software (VMS) industry outlook. Request for customization @ https://bit.ly/3BPOm4n ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Market participants are seeking strategic partnerships for delivering diversified solutions. For instance, in January 2020, South Korean VMS vendor, Hanwha Techwin Co., Ltd., announced its partnership with Paxton for integrating its Wisenet WAVE solutions with Net2, Paxton’s access control system. A few leading video management solutions providers include: • Honeywell International, Inc. • Axis Communications AB • Netposa Technologies Ltd • Panasonic Corporation • Hanwha Techwin Co., Ltd. • Cisco Systems, Inc. • VIVOTEK Inc. • Segmentation of Asia Pacific Video Management Software (VMS) Market: • Asia Pacific Market, By Deployment Model • On-Premise • Cloud • Asia Pacific Market, By Connectivity • IP-based VMS • Analog-based VMS ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. Asia Pacific Market, By Component • Solution • Advanced video management • Data integration • Case management • Mobile application • Storage management • Others • Service • Professional Service • Managed Service • Asia Pacific Market, By Application • IT & Telecom • BFSI • Retail • Healthcare • Government & defense • Tourism and hospitality • Education • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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