A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Video Management Software Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Global Video Management Software Market Definition:

The video management software (VMS) is a comprehensive solution for seamlessly handling digital audio, videos, and other types of digital data within video surveillance systems. Its primary purpose is to manage and control various playback functionalities efficiently. This software is precisely engineered to store, and process signals from multiple camera feeds.

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Global Video Management Software Market Insights:

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.

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.

Global Video Management Software Market Leading Key Players:

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

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Global Video Management Software Market Segmentation:

Based on Component

- Solutions- Market Size & Forecast 2018-2028, USD Million

-- Video Intelligence

-- Advanced Video Management

-- Data Integration

-- Navigation Management

-- Storage Management

-- Others

- Services- Market Size & Forecast 2018-2028, USD Million

-- Professional Services

-- Managed Services

Based on Technology

- Analog-based VMS- Market Size & Forecast 2018-2028, USD Million

- IP-based VMS- Market Size & Forecast 2018-2028, USD Million

Based on Deployment

- On-premises- Market Size & Forecast 2018-2028, USD Million

- Cloud-based- Market Size & Forecast 2018-2028, USD Million

Based on End Users

- BFSI- Market Size & Forecast 2018-2028, USD Million

- Healthcare and Life Sciences- Market Size & Forecast 2018-2028, USD Million

- Government- Market Size & Forecast 2018-2028, USD Million

- Manufacturing & Automotive- Market Size & Forecast 2018-2028, USD Million

- Transportation & Logistics- Market Size & Forecast 2018-2028, USD Million

- Media & Entertainment- Market Size & Forecast 2018-2028, USD Million

- Others- Market Size & Forecast 2018-2028, USD Million

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Global Video Management Software Market Geographical Analysis

By Region

- North America

- South America

- Europe

- The Middle East & Africa

- Asia-Pacific

Recent Development of Global Video Management Software Market:

In August 2022, Hanwha Techwin Europe unveiled Wisenet WAVE 5.0, the newest iteration of its renowned video management system. With a strong emphasis on harnessing the potential of AI analytics, bolstering cybersecurity measures, enhancing system usability, and introducing new interactivity features for administrators and end users, this version is specifically crafted to address the growing demand for AI-driven solutions in the video surveillance industry.

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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