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Video Management System Market Competitive And Growth Analysis 2024 - Major Players, High Growth Strategies And Opportunities | Robert Bosch GmbH, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, VST Inc.
Video Management System Global Market Report
The Business Research Company offers in-depth market insights through Video Management System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The video management system market size has grown exponentially in recent years. It will grow from $10.68 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to surveillance and security needs, retail and business intelligence, government and public safety, transportation and critical infrastructure, corporate and industrial applications.
The video management system market size is expected to see exponential growth in the next few years. It will grow to $28.09 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to smart cities initiatives, scalability and modular system architecture, privacy compliance concerns. Major trends in the forecast period include compliance with privacy regulations, user-friendly interface and intuitive design, integration with access control systems, deployment of 4K and high-resolution cameras.
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Market Segmentation:
The video management system market covered in this report is segmented -
1) By Component: Solution, Services
2) By Technology: Analog-Based VMS, IP-Based VMS
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
4) By Deployment Type: On- Premises, Cloud
5) By Application: Mobile Application, Intelligent Streaming, Security And Surveillance, Storage Management, Data Integration, Case Management, Navigation Management, Other Applications
Major Driver - Growing Security Measures Drive Video Management System Demand
An increase in security surveillance is expected to propel the growth of the video management system market going forward. Surveillance refers to the monitoring of the behavior and activities for information gathering, influencing, and managing. The video management system is used to manage data streamed from various surveillance devices such as security cameras. It helps the user to access real-time videos, record, store, and playback recorded videos, and derive useful insights from the surveillance site. For instance, according to an article published in August 2022 by EarthWeb, a US-based provider of internet-based online services, the United States has 15.28 cameras per 100 people and China has 14.36 cameras installed per hundred. Therefore, an increase in security surveillance is driving the growth of the video management system market.
Competitive Landscape:
Major companies operating in the video management system market report are Robert Bosch GmbH, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, VST Inc., Hangzhou Hikvision Digital Technology Co Ltd., NetApp Inc., Dahua Technology USA Inc., Milestone Systems Pvt Ltd., Zhejiang Dahua Technology Co Ltd., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., IDIS Holdings Co Ltd., Uniview Technologies Co Ltd., IBEX Global Solutions plc, Genetec Inc., Aimetis Corporation, SeeTec AG, Eagle Eye Networks Inc., March Networks Corporation, BCDVideo International Company, Vigil Surveillance Ltd., Mobotix AG, Digital Watchdog Inc., Openeye Scientific Software Inc., Axxonsoft India Private Limited, Proximex Corp, Exacq Technologies Inc., Concord Security And Allied Services Private Limited, Hanwha Techwin Co Ltd., Zenitel UK Ltd.
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Top Trend - Advancements In Cloud-Based Video Surveillance Products
Major companies operating in the video management system market are focused on developing innovative solutions, such as the Video API Platform, to contribute to the growth of the video management system market. A Video API Platform is a service that allows developers to integrate video-related functionalities, such as streaming, encoding, and playback, into their applications through a set of application programming interfaces (APIs). For instance, in September 2023, Eagle Eye Networks (EEN), a US-based company that provides cloud-based video surveillance products, launched V3 of the Eagle Eye Video API Platform. It introduces comprehensive and developer-friendly features, including extensive camera support, cloud-based application development, AI integrations, and secure authentication/storage, addressing the evolving needs of the video management system market. By streamlining complex integrations, supporting diverse IP camera models, and facilitating AI analysis, the platform enhances efficiency and security, meeting the increasing demand for advanced, cloud-based video management solutions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Video Management System Market Characteristics
3. Video Management System Market Trends And Strategies
4. Video Management System Market - Macro Economic Scenario
5. Video Management System Market Size And Growth
…..
27. Video Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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