North American Video Management Software Market Is Expected To Register A CAGR Of 19% From 2022 To 2032
North American video management software market was a thriving industry with a projected growth rate of 14.4% from 2020 to 2027. This growth was being driven by the increasing demand for video surveillance in various industries, including government, retail, and transportation. Some of the key players in the North American video management software market include companies like Genetec Inc., Milestone Systems Inc., Axis Communications AB, and Avigilon Corporation. These companies offer a range of video management software solutions, including video analytics, video recording, and video sharing platforms.
Factors contributing to the growth of the video management software market in North America include advancements in technology, the increasing use of cloud-based video management software solutions, and the growing trend of smart cities and intelligent transportation systems.
Overall, the North American video management software market is expected to continue to grow in the coming years as businesses and governments increasingly adopt video surveillance solutions to improve security and gain insights into their operations.
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Key findings of the Video Management Software market study:
- The report provides a present market outlook on Video Management Software. Additionally, the Video Management Software market share is anticipated to grow with a CAGR of 22.63% in the forecast period.
- Regional breakdown of the Video Management Software market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Video Management Software vendors in detail.
- Region-wise and country-wise fragmentation of the Video Management Software market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Video Management Software market.
- Video Management Software price, market share, and Trends forecast for assessment period 2022-2026
What are the Factors Driving the Global Video Management Software Market?
Factors driving the global video management software market:
- Increasing demand for video surveillance: The need for security and safety is a primary driver of the video management software market. The growth in the number of security threats, both physical and cyber, is increasing the demand for video surveillance across various industries.
- Advancements in technology: The development of advanced video management software, such as cloud-based and artificial intelligence-powered solutions, is driving the growth of the market. These solutions offer improved scalability, efficiency, and automation, which are increasingly important for businesses and organizations.
- Growing trend of smart cities: The increasing deployment of video management software in smart cities is driving the growth of the market. Video surveillance solutions are being used to improve public safety, traffic management, and environmental monitoring.
- Increasing adoption of IP-based cameras: The adoption of internet protocol (IP)-based cameras is growing due to their improved functionality and flexibility. IP cameras can be easily integrated with video management software, allowing for remote access and control.
- Need for operational efficiency: Video management software is being used to improve operational efficiency across various industries. For example, it can be used to monitor production processes, detect equipment failures, and track inventory.
Overall, the global video management software market is expected to continue to grow in the coming years due to the increasing demand for security and safety, advancements in technology, and the growing trend of smart cities.
Competitive landscape analysis
Recent Significant Industry Developments Include:
- Edge360 announced the release of Surveill VMS in July 2021, the first completely containerized video management system based on microservices.
- Qognify introduced Qognify VMS, a new video management programme, in April 2022. Access control, intrusion detection, and video analytics are just a few of the many additional solutions that the system enables bi-directional connections with.
Some of the leading companies operating in the market are :
- VR Security, Inc. (Identiv, Inc.)
- Aimetis Corporation (Senstar)
- A&H Software House, Inc
- Avigilon Corporation (Motorola Solutions Inc.)
- Axis Communications AB (Canon Inc.)
- Bosch Security Systems LLC
- Axxonsoft, Inc.
- Cathexis Technologies Pty Ltd.
- Cisco Systems, Inc.
- Others
What insights does the Video Management Software report provide to the readers?
- Video Management Software fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Video Management Software
- Various regulations imposed by the governments on the consumption of Video Management Software in detail.
Key Segments Profiled in the Global Video Management Software Market
- By Component :
- Video Management Software Solution
- Advanced Video Management
- Data Integration
- Case Management
- Mobile Application
- Storage Management
- Others
- Video Management Software Services
- Professional Services
- Managed Services
- Video Management Software Solution
- By Deployment Model :
- On-premises Video Management Software
- Cloud Video Management Software
- By Technology :
- IP-based
- Analog-based
- By Application :
- BFSI
- Government & Defense
- Healthcare
- IT & Telecom
- Tourism & Hospitality
- Education
- Retail
- Others
- By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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