Video Management Software Market is estimated to be US$ 107.6 billion by 2032; Rising Security and Surveillance to Propel Industrial Growth

 

Video Management Software is a part of security network camera system where, it allows an individual to view and interact with video footage, to manage camera and recording settings, to create alerts and to view multiple feeds at once. Due to technological advancement Video Management Software is featured with record scheduling, recording of audio and video, provides continuously viewing of video streams through multiple cameras, etc., which has given rise in demand for target market.

Rising security surveillance, increasing demand for CCTV cameras where presence of major key players offers wide range of devices which includes 8-megapixel CCTV cameras and massive range of security and surveillance has become the major contribution in Video Management Software market growth. Further, technological advancement and increasing demand for high quality videos is expected to fruitful the Video Management Software market growth.

The report “Video Management Software Market, By Solution (Mobile Application, Intelligent Streaming, Security, Storage management, Video intelligence, Data Integration, and Others), By Service (Professional Service and Managed Service), By Industry Verticals (Banking, Financial Services, & Insurance (BFSI), Transportation, Healthcare, Retail, IT & Telecom, Hospitality, Military & Defense, Public Sectors, Media & Entertainment, and Others), By Deployment Mode (Cloud Based and On-premises), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

·         In April 2022, Qognify launched new Video Management Software (VMS) “Qognify VMS”, which is designed to meet physical security needs of organizations in world. Newly launched software is based on its successful VMS software “Cayuga” and offers possibility to store video data in cloud which enable customers to benefit from advanced resiliency of cloud technology.

·         In July 2021, Edge 360 launched new “Surveill VMS”, the fully containerized Video Management Software running on micro services. Newly launched “Surveill VMS” is featured with containerized platform, active-active clustering, built-in fail over and redundancy and others.

Analyst View:

The key factor driving the growth of the Video Management Software market is increasing demand for security and surveillance all over the world due to rising theft activities. Widespread use of Video Management Software, technological advancement, and rising use of IP video technology in access control is expected to boost the demand for Video Management Software market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Video Management Software Market, By Solution (Mobile Application, Intelligent Streaming, Security, Storage management, Video intelligence, Data Integration, and Others), By Service (Professional Service and Managed Service), By Industry Verticals (Banking, Financial Services, & Insurance (BFSI), Transportation, Healthcare, Retail, IT & Telecom, Hospitality, Military & Defense, Public Sectors, Media & Entertainment, and Others), By Deployment Mode (Cloud Based and On-premises), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

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Key Market Insights from the report:

Video Management Software Market accounted for US$ 10.9 billion in 2022 and is estimated to be US$ 107.6 billion by 2032 and is anticipated to register a CAGR of 24.2%. The Video Management Software Market is segmented based on Solution, Service, Industry Verticals, Deployment Mode and Region.

·         Based on Solution, Video Management Software Market is segmented into Mobile Application, Intelligent Streaming, Security, Storage management, Video intelligence, Data Integration, and Others.

·         Based on Service, Video Management Software Market is segmented into Professional Service and Managed Service.

·         Based on Industry Verticals, Video Management Software Market is segmented into Banking, Financial Services, & Insurance (BFSI), Transportation, Healthcare, Retail, IT & Telecom, Hospitality, Military & Defense, Public Sectors, Media & Entertainment, and Others.

·         Based on Deployment Mode, Video Management Software Market is segmented into Cloud Based and On-premises.

·         By Region, the Video Management Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Video Management Software Market:

The prominent players operating in the Video Management Software Market includes, Cisco Systems, Inc., Milestone System A/S, Schneider Electric Industries SAS, Verint System, Honeywell International, Inc., Bosch Security System, Aimetis Corporation, O-Net Surveillance Systems Inc., 3VR Inc., Verint Systems, Inc., and others.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

·         Explains an overview of the product portfolio, including product development, planning, and positioning

·         Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

·         Detailed analysis of the market revenue over the forecasted period.

·         Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

·         Study on the segments that are anticipated to dominate the market.

·         Study on the regional analysis that is expected to register the highest growth over the forecast period

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