According to SPER Market Research, the Global Video Management System Market is developing rapidly, mainly since the emergence of COVID-19. Because of the lockdown limitation, businesses were compelled to adopt a work-from-home strategy, connecting via video calling and video conferencing.
The education system transitioned from offline to online mode, and since the lockdown, firms have been obliged to grow their online presence, as customers turned to online purchasing during the lockdown, making it a recent trend.
Video Management System Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 21.4%
- Forecast Market Size (2030): USD 51.43 Billion
The ever increasing demand for tech-powered security surveillance in the form of CCTV cameras and surveillance cameras with night vision is driving this industry. One of the primary drivers of this market’s growing success in the Asia-Pacific region is a substantial investment in infrastructure and technology-powered security surveillance. While the need for video management systems has been expanding significantly, many firms are concerned about the privacy and data security of movies shared across several platforms, which is a major impediment to market expansion.
Impact of COVID-19 on the Global Video Management System Market:
The pandemic of COVID-19 has irreversibly increased demand for video management systems. Because of the lockdown restrictions, the companies were forced to adopt the work-from-home model. The same circumstance necessitated the conversion of education to online classes. Customers turned to online shopping during the outbreak, forcing businesses to expand their online presence. As a result, companies across the vertical are utilizing VMS because it provides numerous opportunities for marketing, promotion, and addressing live audiences online.
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Global Video Management System Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
- Analog-based VMS
- IP-based VMS
By Deployment Method,
- Large enterprises
- Small and medium-sized enterprises
- Mobile application
- Intelligent streaming
- Security and surveillance
- Storage management
- Video Intelligence
- Data integration
- Case management
- Advanced management
- Navigation management
- financial services and insurance
- Healthcare and life sciences
- Retail, Information technology
- Manufacturing and Automotive
- Tourism and hospitality
- Government and public sector
- Education, Media, and entertainment
- Transportation and logistics
- Other verticals
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Video Management System Market Key Players:
The Video Management System Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Axis Communications, Axxonsoft, Avigilon Corporation, Arcules, American Dynamics, Bosch, Backstreet Surveillance, ButterflyMX, Camcloud, Citrix Systems, Inc, Dahua Technology, eInfochips, Eagle Eye, Genetec, Hanwha Techwin Co, Honeywell International, Hikvision Digital, IndigoVision, Johnson Controls International, Kedacom, Mindtree, Milestone Systems, March Networks, Verint Systems.
SPER Market Research
Smith Williams, Business Consultant – USA