Ever get that feeling like you’re being watched? Well, you probably are but it’s all in the name of safety. Increasing security concerns worldwide are prompting many organizations to adopt video surveillance solutions to help curb security threats ranging from petty theft and shoplifting to terrorism. Many governments are pushing to install security cameras in shops, hospitals, airports, hotels and other public spaces in the interest of protecting their citizens.
And while the abundance of security cameras may make it hard to shake that nagging feeling that someone’s watching you, it is certainly good news for the Global Video Management Software Market, which is expected to post a CAGR of 18.51 percent from now through 2018.
Sheer Volume of Video Data Creating Need for Better Software
Since this is the age of information, the size and volume of the data collected from IP camera security systems is demanding more and more sophisticated video management software. Hours and hours of unorganized video is just about as useful to a company as no video at all, and it sure takes up a heck of a lot more space. The usefulness of video footage all comes down to the organization’s ability to interpret it.
Video management software helps businesses deal with video data in a systematic manner and provides complete control of real-time viewing as well as recorded video, which lets organizations get a full picture of any security events that might take place.
But as with anything nowadays, space and cost are two major barriers for companies (especially small organizations) looking to install an IP camera security system, say senior TechNavio analysts.
“With the demand for high quality video surveillance footage increasing, vendors have realized that there is a need for cloud-based solutions that can address the problem of space as well as cost. Invariably, the vendors that have been providing IP video surveillance have started foraying into this market so as to increase their product offering and to target a much wider market across the globe,” they say.
Our analysts also identified Genetec and Salient Systems as two vendors that realized the potential for cloud-based video management solutions, and jumped at the opportunity to fill this need in the market.
“Genetec has been a pioneer in the field of IP video surveillance software and entered the cloud-based video surveillance solution market in 2012 through its Stratocast surveillance solution. Similarly, Salient Systems released a new version of their CompleteView video management system in 2013, which offers its customers a wide array of enhancements, including active directory authentication support in the Video Proxy, PTZ support for CompleteView Cloud users.”
For more market insights, view our Global Video Management Software Market 2014-2018 report.
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