The Worldwide Video Management System Market is Projected to reach USD 34.8 Billion by 2028, at a CAGR of 22.2%

Published Date: 31-Jul-2022

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Video Management System Market Growth, Trends and Report Highlights

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:

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.

Global Video Management System Market Segmentation

By Technology

  • Analog-based
  • IP-based

By Vertical

  • Retail
  • Telecom & IT
  • Manufacturing & Automotive
  • BFSI
  • Government & Public Sector
  • Healthcare & Life Sciences
  • Education
  • Energy & Utilities
  • Tourism & Hospitality
  • Transportation & Logistics
  • Others

By Component

  • Solution
  • Services
    • Professional
    • Managed

By Deployment Type

  • On-Premise
  • Cloud

By Application

  • Security & Surveillance
  • Storage Management
  • Data Integration & Case Management
  • Advanced Video Management & Video Intelligence
  • Custom Application Management
  • Mobile Application
  • Intelligent Streaming
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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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  • The highest number of market tables and figures
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  • Assured post sales research support with 10% customization free

Related Reports:

North America Video Management System Market Future Scope & Opportunities 2022-2028

Europe Video Management System Market Size & Growth Forecast 2022-2028

Asia Pacific Video Management System Market Size, Share & Industry Outlook to 2028

LAMEA Video Management System Market Growth, Trends & Forecasts 2022-2028

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