10 years ago, video management software was a novelty. 5 years ago, it was a hot up and comer. Today, it is mainstream. In just a decade, VMS has made quite the transformation.
But what now? Where does it go from here? Some say it will wipe our DVRs and NVRs, leaving a VMS only world. However, just as VMS is gaining supremacy, the 'cloud' and the 'edge' are emerging as threats. Indeed, they both ranked in the top 3 'next big' surveillance technologies.
This raises key questions:
- What will happen to the growth of VMS software?
- How will VMS software develop?
- Can hosted video or edge storage impact VMS growth?
- Who are the biggest new competitive threats to VMS software providers?
While VMS software sales will continue to grow, we believe the rate of growth will decelerate as later adopters of IP cameras seek simpler solutions and developing technologies offer greater value to a significant section of the surveillance market.