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Video Management System Market 2023-2032: Future Outlook, Industry Share And Global Trends | Major Players Are March Networks Corporation, Exacq Technologies Inc., Milestone Systems, Verint Systems, AxxonSoft
Video Management System Market
The Business Research Company's Video Management System Global Market Report 2023 identifies An increase in security surveillance as the major driver for the Video Management System Market's growth in the forecast period. Surveillance refers to the monitoring of the behaviour and activities for information gathering, influencing, and managing. The video management system is used to manage data streamed from various surveillance devices such as security cameras. It helps the user to access real-time videos, record, store, and playback recorded videos, and derive useful insights from the surveillance site.
The global video management system market size will grow from $8.98 billion in 2022 to $11.12 billion in 2023 at a compound annual growth rate (CAGR) of 23.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the video management system is expected to grow to $24.12 billion in 2027 at a CAGR of 21.4%.
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Major competitors in the video management system market are March Networks Corporation, Exacq Technologies Inc., Milestone Systems, Verint Systems, AxxonSoft, Genetec, Salient Systems Corporation, Aimetis Corporation, 3VR Security, On-Net Surveillance Systems Inc., Hanwha Techwin, Honeywell International Inc., Axis Communications, and Johnson Controls International.
A key trend in the Video Management System Market includes technological advancement. Major companies operating in the market are introducing new technologies to sustain their position in the market. For instance, in April 2022, Qognify, a US-based software company launched Qognify VMS, new video management software that stores video data in the cloud to meet the specific physical security needs of organizations. This enables customers to scale storage space quickly, keep the hardware footprint small, and benefit from the resiliency of cloud technology.
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The Video Management System Market is segmented -
By Component: Solution, Services
By Technology: Analog-Based VMS, IP-Based VMS
By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
By Deployment Type: On- Premises, Cloud
By Application: Mobile Application, Intelligent Streaming, Security And Surveillance, Storage Management, Data Integration, Case Management, Navigation Management, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Video Management System Market.
The Business Research Company's "Global Video Management System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Video Management System Market Include:
1. Executive Summary
2. Video Management System Market Characteristics
3. Video Management System Market Trends And Strategies
4. Video Management System Market - Macro Economic Scenario
5. Video Management System Market Size And Growth
……
26. Africa Video Management System Market
27. Video Management System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video Management System Market
29. Video Management System Market Future Outlook and Potential Analysis
30. Appendix
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