for cloud-based applications is expected to foresee a faster growth due to the increasing use of cloud-based solutions .
The VMS market is increasingly witnessing trends such as deep learning for video analytics , built-in intelligence , and improvement in image quality . Privacy concerns regarding the adoption of video surveillance systems are anticipated to hinder growth to some extent . Additionally , requirements for large data storage systems and high cost for installations are anticipated to hamper VMS market growth . The organizations are focusing on establishing product life cycle and risk assessment programs to counter cyber security threats .
VMS solutions can be used in large organizations and SMEs . Various sectors using VMS solutions include healthcare , telecom & IT , retail , transportation , BFSI , government & public sector , military & defense , manufacturing , media & hospitality , and others . The government & public sector is anticipated to continue to lead the VMS market over the forecast timeline , owing to the wide adoption of video surveillance systems . The systems play an important role in risk management as it is the responsibility of the government for handling the security , management , and other functions in the development of cities such as ports , border securities , official buildings , and institutions . North America VMS market is expected to witness a steady growth over the forecast timeline , owing to growing video surveillance systems presence and growing adoption of high-end security networks . The consumers in the region are increasingly focusing on software platforms , which provide a user-friendly interface and powerful functions such as thumbnail search & calendar search , which are helping users find important videos faster and filter queries .
Asia Pacific VMS market is projected to become the fastest-growing market . The growth is attributed to developing commercial and domestic infrastructure and increasing government expenditure in the security sector . Increasing penetration of video surveillance in public places , such as retail stores and shopping malls , resulting from high infrastructure growth is anticipated to propel VMS market growth in this region . Growing focus on intelligent transportation systems and smart city projects , especially in emerging economies , such as India and China , is anticipated to splurge the demand .
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