The LAMEA Video Management Software (VMS) market is anticipated to reach USD 643.6 million by 2022, at a CAGR of 24.0% during the forecast period. The Internet has gained importance and widespread adoption among people throughout the world. IP surveillance system provides facility to monitor and access the system online. In addition, IP surveillance system provides data storage facility to any geographical location. To improve storage capacity, content compression facility, auto recovery and number of other features are available with the system. Smartphone market has replaced the traditional mobile phone market largely. Customers nowadays are using mobile applications for various services. The change in behavior of people has led to increased use of Smartphone for IP video surveillance. The challenges associated with the conventional surveillance system are flexibility and scalability. The IP surveillance system has emerged itself to overcome such challenges. The expansion opportunities available for analog systems are limited, with cost as a factor too. The introduction of IP surveillance system has created better opportunity for end-users who want to expand their businesses. Therefore, organizations are expected to adopt IP surveillance system services over analog systems.
The report highlights the adoption of Video Management Software Market in LAMEA (Latin America, Middle East & Africa). Based on Type of Solution, the market is segmented into Video intelligence, Case management, Advanced video management, Data integration, Intelligent streaming, Custom application management, Mobile application, Navigation management, Storage management and Security management. Based on Technology, the market is segmented into Analog-based VMS and IP-based VMS. Based on Deployment, the market is segmented into Cloud and On-Premise deployment.
The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Key companies profiled in the report includes Canon Inc., On-Net Surveillance Systems, 3VR, Verint Systems, Salient Systems, Exacq Technologies, Axxonsoft and Genetec Inc.
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