According to the latest market research report title “Video Management Software Market By Component (Solutions, (Video Intelligence, Advanced Video Management, Data Integration, Navigation Management, Storage Management, Others), Services, (Professional Services, Managed Services), By Technology (Analog-based VMS, IP-based VMS), By Deployment (On-premises, Cloud-based), By End Users (BFSI, Healthcare and Life Sciences, Government, Manufacturing & Automotive, Transportation & Logistics, Media & Entertainment, Others), and Others--Forecast to 2030″, published by MarkNtel Advisors, The Global Video Management Software Market size is valued at USD 11.25 billion in 2023 & is estimated to grow at a CAGR of around 13.46% during the forecast period, i.e., 2024-30.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Video Management Software Market Challenge:
High Cost & Data Security Concerns Hamper the Market Growth – The video management solutions typically work on in-house or cloud-based solutions to store vast amounts of data. However, the prices of cloud-based storage solutions are relatively higher than traditional security solutions. According to the company website, the cost of the cloud solutions is approximately 20% higher than the in-house server. Therefore, enterprises dealing with financial constraints prefer to use conventional security solutions, slowing down the adoption of video management software.
Further, since the data generated and recorded within the premises is stored on third-party software, there is a higher risk of cyber threat. Thus, to safeguard the critical data, the organization refrains from opting for these solutions, restraining the Global Video Management Software Market.
Video Management Software Market Segmentation
The Video Management Software Market is highly robust and fragmented into numerous segments;
By Technology
-Analog-based VMS- Market Size & Forecast 2019-2030, USD Million
-IP-based VMS- Market Size & Forecast 2019-2030, USD Million
By Deployment
-On-premises- Market Size & Forecast 2019-2030, USD Million
-Cloud-based- Market Size & Forecast 2019-2030, USD Million
By End Users
-BFSI- Market Size & Forecast 2019-2030, USD Million
-Healthcare and Life Sciences- Market Size & Forecast 2019-2030, USD Million
-Government- Market Size & Forecast 2019-2030, USD Million
-Manufacturing & Automotive- Market Size & Forecast 2019-2030, USD Million
-Transportation & Logistics- Market Size & Forecast 2019-2030, USD Million
-Media & Entertainment- Market Size & Forecast 2019-2030, USD Million
-Others- Market Size & Forecast 2019-2030, USD Million
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the Video Management Software Market: -
Robert Bosch GmbH
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Salient Systems Corporation
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Verint Systems Inc.
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Honeywell International
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Video Management Software Market during the forecast period?
- Which segment is expected to lead the Video Management Software Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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