Global Video Management System Market Research Report and Forecast to 2030 is an investigative report providing an extensive study of the global Video Management System market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Video Management System market on the global and regional scale, along with a thorough forecast estimation to 2030. The new report is updated with the impact of the COVID-19 pandemic on the Video Management System market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region. It also studies the supply chain disruptions and economic volatility induced by the pandemic and offers a current and future assessment of the impact of the pandemic on the global and regional Video Management System market.
The global Video Management System (VMS) market size reached USD 8.82 Billion in 2021 and is expected to register a revenue CAGR of 20.4% during the forecast period, according to the latest analysis by Emergen Research. Revenue growth of the video management software market is driven by rising security concerns. Many consumers as well as government organizations are deploying video management systems to improve the security of residency, offices, or other premises. According to the Federal Bureau of Investigation (FBI), 694,050 violent-crime incidents, and 817,020 offenses were reported in the U.S. These instances are generating significant opportunities for deploying high-resolution video management systems in various residential, commercial, and public places. A video management system is a crucial component to configuring warnings for motion and tamper detection, seeing multiple camera images, and adjusting recording settings with VMS software. Introduction of new products using innovative technology is driving demand for video management systems. Several market players are creating Artificial Intelligence (AI) and Machine Learning (ML) algorithms to establish improved automation in video security. These factors are significantly driving Business-to-Business (B2B) and Business-to-Consumer (B2C) users in cost reduction and time, which in turn is contributing to revenue growth of the market. Moreover, increasing Internet connectivity is further driving revenue growth of the market. According to the International Telecommunication Union (ITU), approximately 5.3 billion people, or 66% of the world’s population used the Internet in 2022. With increased Internet use, video management system is gaining popularity among several industry verticals such as traffic management and control, building and infrastructure, banking and financial services, government organization, transportation and warehousing, energy and utilities, media and entertainment, and others.
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The global Video Management System market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Video Management System market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Video Management System market.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
Honeywell International Inc., Johnson Controls International PLC, Bosch Security Systems Ltd., Hitachi, Ltd, Siemens AG, Senstar Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Milestone Systems A/S, Genetec Inc., Avigilon Corporation, Eagle Eye Networks, Inc, Dahua Technology USA Inc., Hanwha Techwin Co., Ltd., and StorMagic Inc
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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Video Management System Market Snapshots
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