Global Video Management Market - Global Forecast To 2030

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Global Video Management Market - Global Forecast To 2030



 Published: Aug-2022
 Author: SPER Analyst


Global Video Management System Market is projected to be worth USD 88.67 billion by 2032 progressing at a CAGR of 23.32%.

A centralised software programme called a Global Video Management System (GVMS) is designed to monitor and manage video surveillance cameras and related equipment across a network of geographically dispersed locations. GVMS provides a comprehensive platform for viewing, recording, and managing video feeds from many cameras, whether they are spread out over numerous locations in the world or inside of a single building. The GVMS can be configured to work with analogue, digital, IP, and other devices like video encoders and recorders. A GVMS must include several critical elements, including access control, replay capability, alarm management, real-time monitoring, and video recording. Businesses can efficiently monitor and manage their security operations since it offers centralised control and management of all video data. Additionally, the GVMS provides powerful analytics and reporting tools that enable businesses to make decisions based on the analysis of video data. GVMS is required for critical applications in the public safety, transportation, healthcare, retail, and other industries where there must be ongoing monitoring to safeguard people and property. Businesses are able to expand their video surveillance networks in response to shifting requirements thanks to the scalable solution offered by GVMS. In general, GVMS provides companies with a potent tool for operating video surveillance systems successfully, improving security operations, and increasing situational awareness.

The COVID-19 pandemic has had a substantial impact on the market for Global Video Management Systems (GVMS). Due to the pandemic, there is a greater need for remote monitoring and surveillance, which has increased interest in GVMS products. One of COVID-19's most important consequences on the GVMS market is the quick switch to cloud-based solutions. The desire for online access to video data and the growth of remote work have boosted the appeal of cloud-based GVMS systems. Cloud-based GVMS systems are more adaptable and scalable than on-premises solutions, which require direct access to the video data. The pandemic has raised demand for sophisticated video analytics tools as well. The need for social distance and the loss in personal interaction make video analytics solutions that can automatically discover and monitor people more crucial than ever. In light of the increase of remote work and the rise in cyber risks, businesses are giving cybersecurity a higher priority in their GVMS solutions to ensure the protection of their video data. Overall, the COVID-19 pandemic has accelerated the market's adoption of cloud-based services, advanced video analytics, and cybersecurity measures by GVMS. These trends are predicted to continue long after the pandemic has ended as businesses seek flexibility, scalability, and security in their video surveillance systems.


Video Management System Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Axis Communications, Axxonsoft, Avigilon Corporation, Arcules, American Dynamics, Bosch, Backstreet Surveillance, ButterflyMX, Camcloud, Citrix Systems, Inc, Dahua Technology, EInfochips, Eagle Eye, Genetec, Hanwha Techwin Co, Honeywell International, Hikvision Digital, IndigoVision, Johnson Controls International, Kedacom, Mindtree, Milestone Systems, March Networks, Verint Systems.

Global Video Management System Market Segmentation:

By Component: Based on the Component, Global Video Management System Market is segmented as; Solution, Services (Professional services, Managed services).

By Technology: Based on the Technology, Global Video Management System Market is segmented as; Analog-based VMS, IP-based VMS.

By Deployment Mode: Based on the Deployment Mode, Global Video Management System Market is segmented as; Cloud, On-premises.

By Organization Size: Based on the Organization Size, Global Video Management System Market is segmented as; Large enterprises, Small and medium sized enterprises.

By Application: Based on the Application, Global Video Management System Market is segmented as; Advanced management, Case management, Data integration, Intelligent streaming, Mobile application, Navigation management, Security and surveillance, Storage management, Video intelligence.

By Vertical: Based on the Vertical, Global Video Management System Market is segmented as; Banking, financial services and insurance, Education, Government and public sector, Healthcare and life sciences, Information technology, Manufacturing and automotive, Media and entertainment, Retail, Tourism and hospitality, Transportation and logistics, Other verticals.

By Region: Region-based market segmentation for the Global Video Management System (GVMS) includes North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The biggest markets for GVMS are in North America, Europe, and Asia-Pacific. The market expansion is driven to the rising demand for video surveillance systems across a range of industries, including retail, public safety, and transportation. Since more and more nations, including China, Japan, and India, are implementing video surveillance systems, the Asia-Pacific area is anticipated to experience significant expansion.

For More Information about this Report @ https://www.sperresearch.com/report-store/Video-Management.aspx

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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