North America 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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Market Report Description
The North America Video Management System Market would witness market growth of 21.5% CAGR during the forecast period (2022-2028).
To lessen the amount of data to be collected, a VMS may also use motion detection in place of continually collecting data. The cameras in older analogue security camera systems were "dumb" devices that could only continually provide a video signal, and the recording video management system (VMS) was responsible for any video signal processing. Modern megapixel network cameras have far more advanced cameras.
It is now possible to distribute motion detection such that individual cameras can detect motion on their own and send footage only when motion is detected. As an alternative, the VMS can still detect motion. Many VMS don't have motion detection and just rely on the camera to perform it. The multiplicity of standards & industry adherence with those standards present a challenge for contemporary megapixel network cameras.
Technology has helped the security sector flourish, but more development and data are still required to effectively address the complexity and amount of potential security risks. A general security tendency is that the community lacks intelligence about potential threats. Reducing the intelligence-gathering gap with the use of intrusion sensor, surveillance camera, and video management system data leads to a more thorough and efficient technique of safeguarding residents, staff, and assets.
In terms of the number of security providers and security breaches, North America leads the world. Therefore, North America, which is regarded as having the most developed infrastructure in terms of technology adoption, dominates the global market for video management software. Government action has intensified in recent years as a result of growing worries about the security of vital infrastructure and international borders. North America is anticipated to be the most profitable market for suppliers from many verticals due to specific budget allocations, like the budget for the Department of Homeland Security, and required security rules.
The US market dominated the North America Video Management System Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,744.2 million by 2028. The Canada market is poised to grow at a CAGR of 24.3% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 23.2% 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 U.S., Mexico, Canada, and Rest of North America.
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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