Video Management Software Market is projected to reach USD 11.25 billion in 2023, with a CAGR of 13.46%

Market Insights

As per recent research by MarkNtel Advisors, The Global Video Management Software Market size is valued at around USD 11.25 billion in 2023 and is projected to grow at a CAGR of around 13.46% during the forecast period, i.e., 2024-30.

Global Video Management Software Market Driver:

Rising Need for Robust Surveillance & Security Systems Within the Logistics Sector– In recent years, the trading activities between the nations have increased due to the surge in the trade agreements among the countries. According to the UNCTAD, in 2022, approximately USD32 trillion was traded within the nations. Therefore, to facilitate trade and effectively store the products, the government & private entities are setting up warehouses and logistics centers in their countries. The commodities stored in these centers are worth millions. As a result, it is becoming essential for companies to install security scanners & devices to safeguard these expensive products. As per the data by Pro-Vigil, a leading Video Surveillance Solution Provider, these units use around 16 to 64 security cameras, depending upon the size of the warehouse. Additionally, these solutions also help in monitoring the assets remotely, which provides flexibility to the consumers. Hence, the end-users opt for these systems, uplifting the Global Video Management Software market.

Furthermore, the top companies have now started offering a diverse range of surveillance devices, including high-resolution 8-megapixel CCTV cameras, and IP-powered cams. These advanced ranges of cameras also provide night vision capabilities, empowering security agencies with enhanced monitoring capabilities. Hence, more organizations would continue to install these security systems in the forecast years, contributing to the growth of the video management software industry during 2024-2030.

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Market Segmentation and Consumer Behavior:

By Component

• Solutions- Market Size & Forecast 2019-2030, USD Million
  • Video Intelligence- Market Size & Forecast 2019-2030, USD Million
  • Advanced Video Management- Market Size & Forecast 2019-2030, USD Million
  • Data Integration- Market Size & Forecast 2019-2030, USD Million
  • Navigation Management- Market Size & Forecast 2019-2030, USD Million
  • Storage Management- Market Size & Forecast 2019-2030, USD Million
  • Others- Market Size & Forecast 2019-2030, USD Million
• Services- Market Size & Forecast 2019-2030, USD Million
  • Professional Services- Market Size & Forecast 2019-2030, USD Million
  • Managed Services- Market Size & Forecast 2019-2030, USD Million

By Technology

• Analog-based VMS- Market Size & Forecast 2019-2030, USD Million
• IP-based VMS- Market Size & Forecast 2019-2030, USD Million

By Deployment

• On-premises- Market Size & Forecast 2019-2030, USD Million
• Cloud-based- Market Size & Forecast 2019-2030, USD Million

By End Users

• BFSI- Market Size & Forecast 2019-2030, USD Million
• Healthcare and Life Sciences- Market Size & Forecast 2019-2030, USD Million
• Government- Market Size & Forecast 2019-2030, USD Million
• Manufacturing & Automotive- Market Size & Forecast 2019-2030, USD Million
• Transportation & Logistics- Market Size & Forecast 2019-2030, USD Million
• Media & Entertainment- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

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Video Management Software Market Geographical Analysis:

By Region:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Key Players and Competitive Strategies in the Video Management Software Market

Several prominent players dominate the Video Management Software Market, including:

• AxxonSoft Inc.
• Canon Inc.
• EInfochips Inc.
• Genetec Inc.
• Hanwha Vision Co. Ltd.
• Johnson Controls International PLC
• March Networks
• Panasonic Holdings Corporation
• Robert Bosch GmbH
• Salient Systems Corporation
• Verint Systems Inc.
• Honeywell International
• Schneider Electric
• Axis Communications
• Hikvision Digital

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Questions Addressed in this Study

1.What factors are driving the Video Management Software Market growth?

2.How is the Video Management Software Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Video Management Software Market?

4.What is the current size of the Video Management Software Market, and how is it projected to change in the future?

5.What is the future outlook for the Video Management Software Market in terms of technological advancements and market expansion?

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