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.
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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Robert Bosch GmbH
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Salient Systems Corporation
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Verint Systems Inc.
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Honeywell International
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