Video Management System Market Growth Accelerates: Strategic Forecast Predicts $34.71 Billion by 2029

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How Large Will the Video Management System Market Size By 2025?
The market size for video management systems has experienced rapid expansion in the recent past. It's projected to increase from $12.7 billion in 2024 to $15.25 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 20.1%. The historical growth is primarily due to factors such as surveillance and security requirements, retail and business intelligence, government and public safety concerns, transportation and crucial infrastructure, and corporate and industrial applications.

How Big Is the Video Management System Market Size Expected to Grow by 2029?
The market size of the video management system is projected to experience significant expansion in the forthcoming years, potentially rising to $34.71 billion in 2029 with a compound annual growth rate (CAGR) of 22.8%. This growth during the forecast period can be attributed to factors such as initiatives in smart cities, the adaptability and modular structure of systems, and concerns related to privacy compliance. Key trends expected during this period include adherence to privacy regulations, the implementation of a user-friendly and intuitive interface, incorporation with access control systems, and the application of 4K and high-resolution cameras.

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Which Key Market Drivers Powering Video Management System Market Expansion and Growth?
The surge in security surveillance is projected to boost the expansion of the video management system market. Surveillance is associated with tracking behavior and activities for the purpose of gathering information, exerting influence, and management. The video management system comes into play for managing data relayed from different surveillance equipment, such as security cameras. It enables the user to access live videos, record, store, playback recorded videos, and extract beneficial clues from the site under surveillance. For instance, an article from EarthWeb, an American provider of internet-based services, published in August 2022 indicated that the United States has 15.28 cameras for every 100 individuals and China possesses 14.36 cameras per hundred people. Hence, the rise in security surveillance activities is propelling the growth of the video management system market.

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Which Fast-Growing Trends Are Poised to Disrupt the Video Management System Market?
The progression of technology is a central trend in the video management system industry. Prominent firms in the market are presenting new technological innovations to maintain their market standing. For example, Qognify, an American software firm, released new video management software, Qognify VMS, in April 2022. The software saves video data in the cloud to satisfy the particular physical security requirements of organizations. This allows clients to expand storage space rapidly, maintain a minimal hardware footprint and enjoy the robustness of cloud technology.

What Are the Emerging Segments in the Video Management System Market?
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

Subsegments:
1) By Solution: Video Surveillance Software, Video Analytics Software, Video Encoding And Decoding Solutions, Video Storage Solutions
2) By Services: Installation Services, Maintenance And Support Services, Consulting Services, Managed Services

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Who Are the Global Leaders in the Video Management System Market?
Major companies operating in the video management system market include 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., BEX 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., C, Hanwha Techwin Co Ltd., Zenitel UK Ltd.

Which are the Top Profitable Regional Markets for the Video Management System Industry?
Asia-Pacific was the largest region in the video management system market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the video management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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