Where is the Video Management Software Market Heading?

Media Entertainment Tech Outlook | Tuesday, June 22, 2021

Where is the Video Management Software Market Heading?

Because of the high value of security camera data, a new wave of fraudsters is attempting to steal and sell it. This increases the necessity for video management software that ensures a secure connection to cameras and security system alerts.

FREMONT, CA: Video management software enables organizations to easily review and analyze recorded videos employing several cameras mounted on the premises. Any modern video surveillance system must have video management software. Organizations aim to protect their physical and financial assets by using video management software to monitor information in real-time using CCTV cameras or IP network cameras to prevent security breaches. Real-time video viewing, video recording, and automated alarm notification are just a few of Video Management Software’s (VSM’s) important features.

The rising quantity of well-publicized security infringements shows that not only is the number of security infringements increasing but so is the severity of those infringements. Security breaches disclose confidential information, exposing users to the danger of identity theft, tarnishing a company’s reputation, and nearly invariably putting the firm on the hook for compliance violations. According to the research, security breaches have increased by 11 percent in 2018 and 67 percent since 2014. Government, retail, and technology, on the other hand, are the three primary businesses that have seen 95 percent of records breached since 2016, as these sectors are particularly popular targets due to the significant amount of personal data reported in their records.

The video surveillance industry is no different. With advancements in digital video, it is now possible to hack IP cameras and other networked equipment. Because of the high value of security camera data, a new wave of fraudsters is attempting to steal and sell it. This increases the necessity for VMS that ensures a secure connection to cameras and security system alerts. As a result, the global market for video management software is expected to increase faster throughout the forecast period as the frequency of security breaches rises. By merging their VMS systems with other video equipment, companies in the sector are focused on incorporating new technologies and supporting third-party surveillance equipment.