Press release
Video Management System Market Growth Analysis, Outlook Report 2024-2033: Strategic Insights
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.
Market Overview -
A video management system refers to a video management server that contains a security camera system that helps to collect the videos from cameras. The video management system is crucial because it keeps track of every system and offers a quick overview, alerting security to any potential dangers, threats, occasions, or planned tasks. It includes cameras, servers for video processing and storage, and encoders for analogue cameras. The video management system helps users to monitor events from any surveillance such as CCTV cameras, alarms, and sensors.
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Growing Security Measures Drive Video Management System Demand
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.
Competitive Landscape -
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.
Advance Video Management Software System
Technological advancement is a key trend in the video management system market. 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.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/video-management-system-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
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"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
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.
Market Overview -
A video management system refers to a video management server that contains a security camera system that helps to collect the videos from cameras. The video management system is crucial because it keeps track of every system and offers a quick overview, alerting security to any potential dangers, threats, occasions, or planned tasks. It includes cameras, servers for video processing and storage, and encoders for analogue cameras. The video management system helps users to monitor events from any surveillance such as CCTV cameras, alarms, and sensors.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7716&type=smp
Growing Security Measures Drive Video Management System Demand
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.
Competitive Landscape -
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.
Advance Video Management Software System
Technological advancement is a key trend in the video management system market. 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.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/video-management-system-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
"Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "
"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
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