- Other Apps
The momentum is exciting with Research and Markets revealing that, the global video management software market is anticipated to grow at a CAGR of 23.2% during 2016 to 2023. The market has generated the revenue $3710 million in 2016 and is anticipated to reach up to $15982.65 million by 2023.
The major boosting factors of the global video management software market are increasing demand for high-quality video processing, dynamic end-use requirement, rising trend of cloud-based solutions, and rising security anxiety globally due to rising security threats. However, the major hampering factors of the market are lack of standardization and integrator's ability to properly scale, size, and configure an IP system.