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Video Management System Market 2024 - By Growth Analysis, Opportunities, Business Insights, Key Trends And Forecast By 2033

02-07-2024 06:25 AM CET | IT, New Media & Software

Press release from: The Business research company

Video Management System Market

Video Management System Market

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Video Management System Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The video management system market size has grown exponentially in recent years. It will grow from $10.68 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to surveillance and security needs, retail and business intelligence, government and public safety, transportation and critical infrastructure, corporate and industrial applications.

The video management system market size is expected to see exponential growth in the next few years. It will grow to $28.09 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to smart cities initiatives, scalability and modular system architecture, privacy compliance concerns. Major trends in the forecast period include compliance with privacy regulations, user-friendly interface and intuitive design, integration with access control systems, deployment of 4K and high-resolution cameras.

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Key Market Players:

Major companies operating in the video management system market report are Robert Bosch GmbH, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, VST Inc., Hangzhou Hikvision Digital Technology Co Ltd., NetApp Inc., Dahua Technology USA Inc., Milestone Systems Pvt Ltd., Zhejiang Dahua Technology Co Ltd., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., IDIS Holdings Co Ltd., Uniview Technologies Co Ltd., IBEX Global Solutions plc, Genetec Inc., Aimetis Corporation, SeeTec AG, Eagle Eye Networks Inc., March Networks Corporation, BCDVideo International Company, Vigil Surveillance Ltd., Mobotix AG, Digital Watchdog Inc., Openeye Scientific Software Inc., Axxonsoft India Private Limited, Proximex Corp, Exacq Technologies Inc., Concord Security And Allied Services Private Limited, Hanwha Techwin Co Ltd., Zenitel UK Ltd.

Market Drivers:

An increase in security surveillance is expected to propel the growth of the video management system market going forward. Surveillance refers to the monitoring of the behavior 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. For instance, according to an article published in August 2022 by EarthWeb, a US-based provider of internet-based online services, the United States has 15.28 cameras per 100 people and China has 14.36 cameras installed per hundred. Therefore, an increase in security surveillance is driving the growth of the video management system market.

Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/video-management-system-global-market-report

The video management system market covered in this report is segmented -

1) By Component: Solution, Services
2) By Technology: Analog-Based VMS, IP-Based VMS
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
4) By Deployment Type: On- Premises, Cloud
5) By Application: Mobile Application, Intelligent Streaming, Security And Surveillance, Storage Management, Data Integration, Case Management, Navigation Management, Other Applications

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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