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The latest study on the Video Management System Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 – 2030 . The report covers the estimation of key market players, emerging new players, and regional analysis to offer a better understanding of the Video Management System Market . Furthermore, the report is updated with the changes in the market dynamics and economic scenario due to the COVID-19 pandemic. The report assesses the impact of the pandemic on the overall market and provides a detailed assessment of the present and future impact of the COVID-19 pandemic on the industry.
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.
Key participants include 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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Drivers:
Several factors are driving the growth of the video management system market. One of the primary drivers is the increasing demand for enhanced security and surveillance solutions to protect people, assets, and property against threats such as theft, vandalism, terrorism, and unauthorized access. Video management systems provide organizations with the ability to monitor and respond to security incidents in real-time, enabling proactive threat detection and incident response. Additionally, advancements in video surveillance technology, including high-definition (HD) and ultra-high-definition (UHD) cameras, video analytics, and cloud-based storage solutions, enhance the effectiveness and efficiency of video management systems, enabling organizations to capture, store, and analyze vast amounts of video data with greater accuracy and speed.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Video Management System Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Video Management System Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
· 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
· Application Outlook (Revenue, USD Billion; 2019-2030)
- Mobile Application
- Intelligent Streaming
- Security and Surveillance
- Storage Management
- Navigation Management
- Others
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
- Chapter 1 includes the global Video Management System Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Video Management System Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Video Management System Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Video Management System Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.