According to a new report, published by KBV research, The Global Video Management System Market size is expected to reach $34.8 billion by 2028, rising at a market growth of 22.2% CAGR during the forecast period.
The IP-based segment has shown growth rate of 22.7% during (2022 - 2028). Systems using IP for VMS are flexible & expandable. The programme can be controlled by employees from any location on the network. The programme can be used by security & surveillance teams for live monitoring and also forensic and investigative reasons with previously recorded video. Digital footage is transferred from IP cameras to a recorder across a network utilizing an ethernet cable and a network switch.
The Retail segment acquired maximum revenue share in the Global Video Management System Market by Vertical in 2021 thereby, achieving a market value of $6.3 billion by 2028. A video surveillance system has shown to be quite helpful in the retail sector. The goal of the retail sectors is to improve customer retention through the delivery of top-notch services. The retail industry sector consists of high-traffic shopping centres, little retail shops, and malls. In shopping malls, there are constantly people shopping.
The Services segment exhibits the CAGR of 24% during (2022 - 2028). The professional services category also includes planning, development, education, training, consulting, management, and certification services, as well as support and maintenance services. Professional service providers supply solutions to this issue because the majority of end users lack the technological know-how necessary to handle and store video data.
The On-Premise segment is generating highest revenue share the Global Video Management System Market by Deployment Type in 2021 thereby, achieving a market value of $22.4 billion by 2028. In large-scale enterprise surroundings in which security & compliance are essential, especially in the banking, healthcare, finance, pharmaceutical, and telecommunications industries and also surroundings where employee bases are sizable and widely dispersed internationally, an on-premises enterprise video implementation is the ideal solution.
The Security & Surveillance segment is showcasing a CAGR of 20.5 % during (2022 - 2028). By incorporating with encoders, cameras, underlying storage infrastructure, recording systems, gateway systems, client workstations, and analytics software, a video management system (VMS) organizes a surveillance workflow. It does this primarily by offering a single interface for managing video surveillance infrastructure.
The North America market dominated the Global Video Management System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.1 billion by 2028. The Europe market is exhibiting a CAGR of 21.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 22.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/video-management-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, Honeywell International, Inc., Schneider Electric SE, Axis Communications AB (Canon, Inc.), Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co., Ltd., Verint Systems, Inc., Genetec, Inc., Panopto, Inc., and Eagle Eye Networks, Inc.
By Technology
By Vertical
By Component
By Deployment Type
By Application
By Geography
Companies Profiled
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