Video Management Software Market Trends, Growth Drivers, Industry Share, Size, Forecast 2024-2032

IMARC Group's latest report, titled "Video Management Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032", the global video management software market size reached US$ 9.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024-2032.

Video Management Software Trends:

1. Cloud-Based Solutions: The shift towards cloud-based VMS solutions continued to gain traction. Businesses increasingly favored the scalability, flexibility, and accessibility offered by cloud platforms for video storage and management.

2. Integration with IoT and AI: VMS solutions were becoming more integrated with Internet of Things (IoT) devices and Artificial Intelligence (AI) technologies. This integration aimed to enhance video analytics capabilities, enabling features such as object recognition, facial recognition, and predictive analytics.

3. High-Resolution Video Support: With advancements in camera technology, VMS platforms were adapting to support higher resolution videos. This was crucial for industries like surveillance, where clear and detailed footage is essential for analysis.

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Who are the key Players Operating in the Industry ?

• AxxonSoft Inc
• Canon Inc
• eInfochips Inc. (Arrow Electronics Inc.)
• Genetec Inc
• Hanwha Vision Co. Ltd
• Johnson Controls International PLC
• March Networks (Delta Electronics Inc.)
• Panasonic Holdings Corporation
• Robert Bosch GmbH
• Salient Systems Corporation
• Verint Systems Inc

What are the Growth Prospects and Trends in the Video Management Software Industry ? :

The global market is majorly driven by the increasing need for robust security measures in public and private sectors. With rising concerns about safety and asset protection, businesses are investing in advanced VMS to ensure comprehensive monitoring and quick response to potential threats. In line with this, continual advancements in camera technology, including the proliferation of high-resolution cameras and the integration of artificial intelligence (AI) capabilities, is bolstering the adoption of VMS. In addition to this, the rising trend of smart cities and the integration of video surveillance into urban infrastructure along with easy availability of higher-quality video footage and intelligent video analytics are fueling the market. Furthermore, the growing focus on business intelligence and data-driven decision-making is contributing to the growth of the market.

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Key Market Segmentation:

Component Insights:

• Solutions
o Video Intelligence
o Advanced Video Management
o Data Integration
o Navigation Management
o Storage Management
o Others
• Services
o Professional Services
o Managed Services

Technology Insights:

• Analog-based VMS
• IP-based VMS

Deployment Mode Insights:

• On-premises
• Cloud-based

Industry Vertical Insights:

• BFSI
• Government
• Healthcare and Life Sciences
• Manufacturing and Automotive
• Transportation and Logistics
• Media and Entertainment
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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