The latest research report by Emergen Research, named ‘Global Video Management System Market - Forecast to 2027’, entails a comprehensive review of the global Video Management System market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.
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. According to the Federal Bureau of Investigation (FBI), 694,050 violent-crime incidents, and 817,020 offenses were reported in the U.S. These instances are generating significant opportunities for deploying high-resolution video management systems in various residential, commercial, and public places. A video management system is a crucial component to configuring warnings for motion and tamper detection, seeing multiple camera images, and adjusting recording settings with VMS software. Introduction of new products using innovative technology is driving demand for video management systems. Several market players are creating Artificial Intelligence (AI) and Machine Learning (ML) algorithms to establish improved automation in video security. These factors are significantly driving Business-to-Business (B2B) and Business-to-Consumer (B2C) users in cost reduction and time, which in turn is contributing to revenue growth of the market. Moreover, increasing Internet connectivity is further driving revenue growth of the market. According to the International Telecommunication Union (ITU), approximately 5.3 billion people, or 66% of the world’s population used the Internet in 2022. With increased Internet use, video management system is gaining popularity among several industry verticals such as traffic management and control, building and infrastructure, banking and financial services, government organization, transportation and warehousing, energy and utilities, media and entertainment, and others.
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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Key companies operating in the Video Management System market 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
Based on the product type, the Video Management System market is segmented into:
-
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
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/video-management-system-market
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
- S.
- Canada
- Europe
- K.
- Italy
- Germany
- France
- Rest of EU
- Asia Pacific
- India
- Japan
- China
- South Korea
- Australia
- Rest of APAC
- Latin America
- Chile
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Video Management System market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Global Video Management System Market Geographical Landscape - Synopsis:
- The report closely studies the growth trajectory of the global Video Management System market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
- Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Elucidating the competitive landscape of the Global Video Management System Market:
- The global Video Management System market report offers viable insights into the competitive spectrum of the Video Management System business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
- It offers critical data & information about the product application scope and the end-user landscape.
- The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
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