According to the research report titled ‘Asia Pacific Video Management Software Market Forecast 2026 By Deployment Model, By Component, By Technology, By Application, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Asia Pacific video management software market is slated to generate USD 4 billion in revenue during 2020-2026.

Soaring demand for surveillance & monitoring solutions, essential elements that facilitate the functioning of smart cities like parking management, digital forensics, etc., and rising focus on theft & robbery protection of deserted properties especially during the COVID-19 lockdown are factors propelling the growth of Asia Pacific video management software market.

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Additionally, surging number of crimes and theft incidences is inciting the product uptake for efficient monitoring, thus accelerating the industry development.

Moreover, video management systems have combatted the inadequacies faced by conventional surveillance systems like elevated labor costs, disparity in long-distance recording, and lack of efficacy in multi-screen monitoring, which is broadening the remunerative scope of the business sphere.

In terms of component type, the advanced video management software vertical accounted for 30% revenue share in 2019 and is estimated to incur significant growth during the projected timeline, due to the rising integration of new technologies in video analytics like Artificial Intelligence (AI), Internet of Things (IoT), etc. 

Based on deployment model, the cloud segment of Asia Pacific video management software industry is anticipated to expand at 20% CAGR during the study period, owing to the cost-effective nature of such solutions which require minimum human interference given their automated updating. 

Concerning the geographical terrain, India market is poised to record stellar growth of 20% during the assessment timeframe, attributed to the increasing security concerns in the country as well as upcoming smart city projects that will prompt the requirement for CCTV cameras.

The key players in Asia Pacific video management software marketplace include names like AT&T, Inc., Zhejiang Dahua Technology Co., Ltd., Axis Communications AB, VIVOTEK, Inc., Cisco Systems, Inc., Panasonic Corporation, Hanwha Techwin Co., Ltd., Netposa Technologies Ltd., Honeywell International, Inc., Mindtree Limited, Johnson Controls International plc, and KEDACOM among others.