Europe Video Management System Market Size, Share & Industry Trends Analysis Report By Technology, By Vertical, By Component (Solution and Services), By Deployment Type (On-Premise and Cloud), By Application, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Europe Video Management System Market
Market Report Description
The Europe Video Management System Market would witness market growth of 21.7% CAGR during the forecast period (2022-2028).
The multiplicity of standards & industry adherence with those standards present a challenge for contemporary megapixel network cameras. Even though a camera is technically capable of it, motion detection would not be feasible if a VMS don't have established motion detection, a camera which is only available through the use of ONVIF does not reveal a motion control interface, as well as the camera manufacturer really hasn't supplied a custom API to the VMS authors. Older analogue cameras (NTSC/PAL/SECAM) with related cabling and power infrastructure might represent a considerable investment for an enterprise. Instead of installing new, higher-definition network cameras everywhere, the company can elect to remain utilizing the existing cameras in some places.
A low-resolution analogue camera in a seldom-used storeroom, for instance, might be adequate for the job and not require the expense of a high-detail digital camera as well as the infrastructure costs to deploy and utilize the new camera. A hybrid system enables the VMS to receive input from either type of video source at a cheaper cost transition among analogue and digital cameras. Both internal and external video encoder hardware may be used in a hybrid system.
Increased mass robberies, terrorism, and illegal immigration are likely to fuel regional market expansion. Government officials are able to create strict public regulations and use cutting-edge monitoring technologies as a result of the growing public security concerns brought on by the frequent terrorist attacks in EU member states. For example, the Russian government is utilizing cutting-edge technologies, such as facial recognition systems, to reduce the risk of crimes and manage the COVID-19 outbreak's effects.
The Germany market dominated the Europe Video Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,276.9 million by 2028. The UK market is anticipated to grow at a CAGR of 20.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 22.6% during (2022 - 2028).
Based on Technology, the market is segmented into Analog-based and IP-based. Based on Vertical, the market is segmented into Retail, Telecom & IT, Manufacturing & Automotive, BFSI, Government & Public Sector, Healthcare & Life Sciences, Education, Energy & Utilities, Tourism & Hospitality, Transportation & Logistics and Others. Based on Component, the market is segmented into Solution and Services. Based on Services Type, the market is segmented into Professional and Managed. Based on Deployment Type, the market is segmented into On-Premise and Cloud. Based on Application, the market is segmented into Security & Surveillance, Storage Management, Data Integration & Case Management, Advanced Video Management & Video Intelligence, Custom Application Management, Mobile Application, Intelligent Streaming, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
Scope of the Study
Market Segments Covered in the Report:
- Telecom & IT
- Manufacturing & Automotive
- Government & Public Sector
- Healthcare & Life Sciences
- Energy & Utilities
- Tourism & Hospitality
- Transportation & Logistics
By Deployment Type
- Security & Surveillance
- Storage Management
- Data Integration & Case Management
- Advanced Video Management & Video Intelligence
- Custom Application Management
- Mobile Application
- Intelligent Streaming
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Eagle Eye Networks, Inc.
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