Press release
Video Management Software Market Is Expected To Reach US$ 30 Bn by 2032 While Displaying A CAGR Of 22.63%
Video Management Software Market
Real-time video analytics with high-performance capabilities can assist in transforming standard surveillance networks across intelligent detection and alert systems for static objects, vehicles, or people. Real-time detection has helped in lessening crimes, thefts, and other criminal activities while boosting overall social situations and the international trade climate, thus, driving the market growth during the assessment period.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=7597
The video management software market is expected to gain significant traction due to increasing smart cities initiatives across the countries and rising investment to deploy analytics integrated video surveillance systems across law enforcement, banking & financial institutions, transportation, and others.
The launch of the new VMS is expected to augment the market size during the forecast period. In March 2021, MOBOTIX launched a new video management system. MOBOTIX AG is strengthening its cooperation with Milestone, a known global provider of video management systems. With surged collaboration, both organizations anticipate enhanced synergy which would be reflected in a new software solution called MOBOTIX HUB.
However, increasing concerns regarding the privacy and storage of high-resolution videos and recordings are likely to hamper the market growth during the forecast period. Also, increasing cyberattacks and data breaches on video surveillance cameras, IoT devices, and other connected equipment are other factors that can hinder the market growth in the assessment tenure.
However, the integration of AI and deep learning across the video management software is expected to counter the hampering factors and act as a significant opportunity for the video management software market during the forecast period.
Key Takeaways from the Market Study:
โข The global video management system market is anticipated to have amassed about US$ 3.88 Billion in 2021.
โข Europe to experience noteworthy market expansion, at a CAGR of 18.5% from 2022 to 2032
โข North America to emerge as the dominant market for video management software, clocking a CAGR worth 19%
โข Asia Pacific to be an opportunistic market, expected to surge at a 17.8% growth rate
โข By component, video management software solutions to be most sought after, growing at an 18% CAGR
โข Cloud-based video management software demand to flourish at a 21% CAGR from 2022 to 2032
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=7597
Competition Analysis
Key players in the global video management software market include VR Security, Inc. (Identiv, Inc.), Aimetis Corporation (Senstar), A&H Software House, Inc. (Luxriot.), Avigilon Corporation (Motorola Solutions Inc.), Axis Communications AB (Canon Inc.), Bosch Security Systems LLC, Axxonsoft, Inc., Cathexis Technologies Pty Ltd. and Cisco Systems, Inc. among others. Recent Key Developments in the Industry Include:
โข In July 2021, Edge360 announced the launch of its new Video Management Software (VMS), Surveill VMS, which is the first fully containerized VMS running on microservices.
โข In April 2022, Qognify launched a new video management software called Qognify VMS. The solution offers bi-directional integrations with many other solutions such as access control, intrusion detection, and video analytics.
Key Segments Profiled in the Global Video Management Software Market
โข By Component :
o Video Management Software Solution
โข Advanced Video Management
โข Data Integration
โข Case Management
โข Mobile Application
โข Storage Management
โข Others
o Video Management Software Services
โข Professional Services
โข Managed Services
โข By Deployment Model :
o On-premises Video Management Software
o Cloud Video Management Software
โข By Technology :
o IP-based
o Analog-based
โข By Application :
o BFSI
o Government & Defense
o Healthcare
o IT & Telecom
o Tourism & Hospitality
o Education
o Retail
o Others
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ: https://www.factmr.com/checkout/7597
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global Video Management Software market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of Component (Solution [Advanced Video Management, Data Integration, Mobile Application, Custom Application Management, Case Management, Security Management], Services [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Technology (IP-based, Analog-based), By Application (BFSI, Government & Defense, Healthcare, IT & Telecom, Education, Media & Entertainment, Retail), & Region (North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa).
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