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Unlocking Opportunities in the Video Management System Market: 2025-2034 Forecast Report
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Video Management System Industry Market Size Be by 2025?
The market size for video management systems has seen a rapid expansion in recent times. It is projected to increase from a value of $12.7 billion in 2024 to around $15.14 billion in 2025, with a compound annual growth rate (CAGR) of 19.2%. The surge during the historical phase is linked to factors such as the demand for surveillance and security, intelligence in retail and business sectors, government and public safety needs, transportation and vital infrastructure requirements, as well as corporate and industrial applications.
What's the Long-Term Growth Forecast for the Video Management System Market Size Through 2029?
In the coming years, the market size of the video management system is predicted to experience a significant surge, reaching the value of $33.99 billion in 2029, with a compound annual growth rate (CAGR) of 22.4%. This anticipated growth in the forecast period can be traced back to the initiatives for smart cities, privacy compliance issues, and the scalability and modular system architecture. The forecast period is also expected to witness key trends such as adherence to privacy regulations, easy-to-use interfaces and innovative designs, the integration of access control systems, and the implementation of 4K and high-resolution cameras.
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What Are the Key Growth Drivers Fueling the Video Management System Market Expansion?
The expansion of security surveillance is predicted to boost the video management system market's growth in the future. Surveillance involves observing behaviors and activities for the purpose of information collection, influence, and control. The video management system, which manages data from various surveillance devices like security cameras, allows users to view real-time videos, record, store, review previously recorded footage, and obtain valuable insights from the monitored location. As an example, EarthWeb, a provider of online services based in the US, reported in an August 2022 article that the US boasts 15.28 cameras per 100 people compared to 14.36 cameras in China. Consequently, the surge in security surveillance is fuelling the expansion of the video management system market.
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What Are the Key Trends Driving Video Management System Market Growth?
The video management system market is significantly influenced by technological innovation. To maintain their market standing, top companies initiate the deployment of novel technologies. Qognify, an American software firm, for example, unveiled the Qognify VMS, a new video management technology, in April 2022. This software stores video data in a cloud-based platform catering to the distinct physical security requirements of organizations. As a result, customers can expand storage space efficiently, reduce hardware usage, and take advantage of cloud technology's robustness.
How Is the Video Management System Market Segmented?
The video management systemmarket 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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Which Companies Are Leading the Charge in Video Management System Market Innovation?
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 Regions Are Leading the Global Video Management System Market in Revenue?
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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