Video Management Software Market is anticipated to grow at a CAGR of 19.82% between 2022 and 2030, reaching a value of about USD 53.1 billion by 2030
Research Reports
May 15, 2023
Market Research Future Insights
According to MRFR analysis, the Video Management Software Market is expected to register a CAGR of 19.82% from 2022 to 2030 and hold a value of over USD 53.1 billion by 2030.
The Video Management Software (VMS) market refers to the industry of software solutions that manage and control video surveillance systems, including live video streaming, recording, playback, and analysis. VMS software is typically used in a range of applications, such as security and surveillance in businesses, government, and public safety organizations, as well as in industrial and commercial settings. The VMS market is driven by the increasing need for video surveillance and security, as well as advancements in digital technology, such as IP-based cameras and analytics.
The COVID-19 pandemic had a mixed impact on the Video Management Software (VMS) market. The pandemic has led to an increased demand for video surveillance and security solutions, as organizations have had to implement measures to enforce social distancing and ensure compliance with health and safety guidelines.
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On the other hand, the pandemic has also had a negative impact on the market, particularly in terms of supply chain disruptions and delays in new product releases.
Key Players
Some of the key market players are:
- Avigilon Corporation
- BCD Video
- Bosch GmbH
- Dahua Technology Co.
- Axis Communications AB
Regional Analysis
The largest region for the VMS market is North America, followed closely by Europe and Asia Pacific.
North America dominates the market due to the presence of major vendors, the early adoption of new technology, and the growing demand for security and surveillance solutions across various industries. The United States is the largest contributor to the North American VMS market, with a high concentration of large enterprises and government agencies that require advanced security and surveillance solutions.
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Europe is the second-largest region, with countries like the UK, Germany, and France being the major contributors to the VMS market in the region. The increasing adoption of IP-based cameras and the need for advanced video analytics are driving the growth of the VMS market in Europe.
Market Segmentation
The Video Management Software Market has been segmented into deployment and technology.
Based on the deployment, the market has been segmented into cloud-based and on-premise.
Based on the technology, the market has been segmented into analog-based and IP-based.
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