Markntel Advisors' recent report projects that The Global Video Management Software Market size was valued at USD 8.3 Billion in 2022 and is projected to grow at a CAGR of around 15.32% during the forecast period, i.e., 2023-28. This study, produced by one of the leading market research organisations, gives critical insights into key players market positioning, addressing critical issues such as product pricing, costs, earnings, production, capacity utilization, supply and demand dynamics, and industry growth rates. Specialized portions of the research are devoted to SWOT analysis for new companies, investment feasibility assessments, and investment return evaluations. This study is intended to provide industry leaders with the knowledge needed to make well-informed business choices by providing a complete evaluation of market segments and sub-segments.
Global Video Management Software Market Driver:
Ever-Evolving Need for Robust Surveillance & Security Systems: Increasing security surveillance has become a key video management software industry driver. While concerns over privacy and potential abuses persist, recent decades have seen a rise in security agencies' adoption of surveillance technologies. The need to prevent and respond to terrorist attacks and other criminal activities has increased reliance on technology-driven innovations.
One significant indicator of this trend is the rising demand for advanced CCTV cameras. Leading companies now offer a diverse range of surveillance devices, including high-resolution 8-megapixel CCTV cameras, IP-powered cams, and those equipped with night vision capabilities. These innovations have not only empowered security agencies with enhanced monitoring capabilities but have also contributed to the growth of the video management software industry.
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Identifying Significant Investment Opportunities in the Video Management Software Market
Making sensible investing decisions is critical for those looking to increase their profits in the Video Management Software Market. Our research seeks to find trustworthy investment centres by taking into account criteria such as forecast demand, estimated profitability, profit margins, and market stability. Clients may direct their investments towards important hubs that provide the most promising possibilities by evaluating these aspects. Clients may use this strategic approach to optimise their investment portfolio and achieve long-term success in the Video Management Software Market. For a complete assessment, the Video Management Software Market is separated into several branches and subsequent sub-divisions, finally meant to provide stakeholders with essential insights. The market is divided into the following categories:
By Component
· Solutions
· Services
By Technology
· Analog-based VMS
· IP-based VMS
By Deployment
· On-premises
· Cloud-based
By End Users
· BFSI
· Healthcare and Life Sciences
· Government
· Manufacturing & Automotive
· Transportation & Logistics
· Media & Entertainment
· Others
By Region
· North America
· South America
· Europe
· Asia-Pacific
· The Middle East and Africa
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Evaluating Potential Business Partners in the Video Management Software Market
The key players profiled in the Video Management Software Market research study 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, Other. Collaboration and partnerships are critical to the success of businesses in the Video Management Software Market. Our services assist clients in the efficient discovery and evaluation of new business partners. We provide vital insights about the trustworthiness, reliability, and competencies of prospective partners based on our research and observations. This enables customers to make educated partnership selections, guaranteeing alignment with organizations who share their vision and can positively contribute to their business goals in the Video Management Software Market.
This all-encompassing report on the Video Management Software Market Analysis seeks to answer the following key questions:
· What is the projected value of the Video Management Software Market for the year 2028?
· What prevailing trends are discernible in the Video Management Software Market, and are there indicators of potential growth or decline in market demand in the years ahead?
· How are the projections for the Video Management Software Market derived, considering factors such as production, capacity, production value, anticipated costs, profits, market share, supply, consumption, import, and export dynamics?
· What is the market's predicted demand for various product categories and their possible applications across industries?
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The global video management software market size is expected to reach USD 4.79 billion by 2025, growing at a CAGR of 18.8% from 2019 to 2025, according to a new study conducted by Radiant Insights, Inc.
The software is majorly used for the unified management of multimedia content including collection & storage, playback, and streaming functionalities.
Moreover, the increasing adoption of High Efficiency Video Coding (HEVC), also known as H.265 video compression standard, coupled with the rising trend of integrating VMS with emerging technologies such as built-in intelligence and deep learning for video analytics is expected to boost the video management software market growth.
VMS can be integrated with multiple digital cameras depending on the requirements of the customer.
With the growing adoption of Closed-Circuit Television (CCTV) cameras and Internet Protocol (IP) network cameras in the security and surveillance market, the demand for VMS is also anticipated to witness significant growth over the forecast period.
Further key findings from the study suggest: • IP-based VMS is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing demand for IP-based VMS by the government as well as corporates as part of video surveillance projects • The cloud segment is anticipated to gain traction owing to the increased use of cloud by companies for offering Video Surveillance as a Service (VSaaS) for applications such as recording, flexible storage, and remote access & viewing as well as for enhanced cybersecurity solutions • Video analytics is expected to witness the highest growth over the forecast period due to the increasing deployment of intelligent video surveillance systems by the government and enterprises • The government segment is expected to grow at the highest CAGR from 2019 to 2025.
Global Video Management Software Market Research Report: By Solution (Video Intelligence/Analytics, Case Management, Navigation Management), By Technology (Analog-based and IP-based), By Deployment (Cloud-Based and On-Premise), By Organization Size and By Vertical – Forecast to 2026Market HighlightsBy region, the Global Video Management Software Market has been segmented into North America, Europe, Asia-Pacific, Africa, the Middle East, and South America.North America is dominating the Global Video Management Software Market owing to the wide adoption of video surveillance systems by enterprises.
Adding to it, the increasing number of applications, both commercial and industrial, is driving the North American market.
The other factors driving the regional market include the presence of advanced technologies in the region, the falling prices of cameras, a gradual shift from analog to IP cameras, and an increased preference among users for IP-based systems.
However, asymmetric internet speeds are likely to impede market growth.According to Market Research Future analysis, the global video management software market was valued at USD 5,855.42 Million in 2019; it is expected to reach USD 18,488.54 Million by 2026, recording a CAGR of 19.48% during the forecast period, 2020–2026.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2849Market SegmentationGlobal Video Management Software Market has been segmented based on Solution, Technology, Deployment Mode, Organization Size, Vertical, and Region.Based on solution, the global market has been segmented into video intelligence/analytics, case management, advanced video management (data integration), custom application management, intelligent streaming, mobile application, navigation management, storage management, and security management.Based on technology, the global market has been segmented into analog-based and IP-based.
Analog-based video management software is dominating the global market owing to the wide adoption of traditional and conventional video surveillance systems, particularly by the government sector.
They have been deploying analog solutions that are cost-effective and ensure complete security.
The growing use of IP (Internet Protocol) video, increasing number of security breaches, and increasing adoption of Video Management Software Market and Sharing Software Market across various verticals in the industry are the primary drivers of market growth.
However, the growing adoption of video management software for the integration of VMS with CCTV cameras, intrusion detection systems, and video analytics applications by small and medium-sized enterprises also promotes market growth.
Easy installation, on-site and cloud deployment, quicker access to videos through web clients or mobile clients, and centralization of video surveillance operations for different geographic locations are some other factors driving the market growth.
Concerns regarding privacy among individuals, issues related to storing high-resolution video recordings and lack of bandwidth in remote locations present a challenge to market growth in the years to come.. Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2849 Competitive Outlook: MRFR distinguishes the key players in the global video management software market as AxxonSoft Inc. (Germany), Qognify Inc. (US), Genetec Inc. (US), Verint Systems (US), Salient Systems (US), 3VR (US), Aimetis Corporation (Canada), Exacq Technologies (US), Surveon Technology Inc. (Taiwan), March Networks (Canada), GeoVision Inc. (Taiwan), iMotion Security Inc. (Canada), Milestone Systems Inc. (US), Video Insights Inc. (US), and Mindtree Limited (India).Segmentation:In this report, the global video management software market has been segmented based on solution, technology, organization size, deployment, vertical, and region.
The retail business was bifurcated between on-premise and cloud by deployment.
The business market has been categorized by corporate scale into large companies and SMEs.
