Video Management Software (VMS) Market is valued at USD 4.18 billion in 2022 and is projected to reach a value of USD 15.70 billion in 2030 expanding at a CAGR of 18% over the forecast period of 2022-2030.
A security camera system’s video management system, sometimes referred to as video management software, is used to collect videos from cameras, record them, and then store them on a storage device. It also provides access to both live and recorded video.
Due to technological advancements, it’s critical to distinguish between a VMS and the built-in features of modern community-based security cameras.
A security camera system’s video management system, sometimes referred to as video management software, is used to collect videos from cameras, record them, and then store them on a storage device. It also provides access to both live and recorded video. Due to technological advancements, it’s critical to distinguish between a VMS and the built-in features of modern community-based security cameras.
Numerous modern community cameras offer the internal capabilities to quickly save and assess footage using an internet browser and without utilising a VMS. The built-in web interface of a camera, however, is solely available to that camera and does not offer a shared access feature to other network cameras.
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Research Methodology
By triangulating data points from numerous sources and feeding them into a simulation model specifically built for each market, the market is approximated. The information is gathered from paid and unpaid sources as well as from primary paid interviews with market key opinion leaders (KOLs). To obtain an unbiased understanding of the market, KOLs from both the supply and demand sides were taken into account when conducting interviews. To accurately represent the market in the nations that were taken into consideration for this study, this exercise was done at the national level. After compiling regional figures, the country-specific data was combined to determine the global market value for global video management software.
Key Trends of Global Video Management Software Market:
• Increasing security surveillance
Security agencies maintain to be restrained about revealing the scale of their surveillance operations to public analysis. There is no doubt that giving authorities greater surveillance tools helps prevent certain kinds of crime, but there also is the possibility of abuses or that the rights of citizens could be compromised. Over the last two decades, several large terror attacks have led to a discussion of the use of different surveillance technologies.
The use of novel technologies for pre-emptive security and surveillance has been discussed and criticized academically, but few studies have addressed the public. Studies that target the public tend to assume an oversimplified trade-off between privacy and security.
• Growing risk of video content security
There is a risk of cyber assaults and recording delays as the use of video management solution grows. The safety of video content has become increasingly important. Video management solutions providers need to develop and provide video management solutions for end users. Video management service providers are concerned about the security and privacy of video content shared across numerous platforms. To address these issues, businesses must restructure their plans for using enterprise video settings before implementing them.
Global Video Management Software (VMS) Market: Major Players
Surveon Technology Inc.
Verint Systems
Geo Vision Inc.
Mindtree Ltd
Imotion Security Inc.
Video Insights Inc.
Aimetis Corporation
3VR Inc.
Genetec Inc.
Milestone Systems Inc.
Exacq Technologies
OnSSI
NICE Systems
Global Video Management Software (VMS) Market: Types
On-cloud
On-premise
Global Video Management Software (VMS) Market: Applications
BFSI
Government
Healthcare and life sciences
Manufacturing and automotive
Retail
Other
