The Global Video Management System Market research study published by Emergen Research is an extensive collection of insightful information about the Video Management System industry. The report covers the Video Management System Market segmentation along with a detailed outline of the Video Management System market size with regards to volume and valuation. The report provides comprehensive coverage of the Video Management System market scenario for the current period and forecast timeline of 2020-2027. The Video Management System market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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 report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Video Management System market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Video Management System market landscape.
The increased use of Video Management System by municipalities and enterprises is responsible for the market's expansion. The Video Management System market is anticipated to grow at a faster rate during the forecast period than traditional treatment procedures like thermal oxidation and chemical oxidation due to the reduced operational and capital costs of Video Management System. The demand for Video Management System is rising as more people are embracing biological treatment methods like aerobic activated sludge. The use of Video Management System solutions is projected to increase in the near future due to rising restrictions on the discharge of treated effluents into freshwater bodies.
The Video Management System research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans.
The key companies studied in the report are:
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
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On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
Technology Outlook (Revenue, USD Billion; 2019-2030)
- IP-based VMS
- Analog-based VMS
- Others
Deployment Model Outlook (Revenue, USD Billion; 2019-2030)
- On premise
- Cloud
- Hybrid
Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprises
- Small and Medium Enterprises
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Video Management System market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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