Authored By: Sarah
11 Jul 2024

 Video Managed Services Market Size to grow by USD 19212.6 million between 2024-2028

According to a research report “ Video Managed Services Market” by End-user (Enterprises, Government) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 19212.6 million, at a CAGR of  55.91% during the forecast period. In today's business landscape, companies are strategically outsourcing IT functions through managed services and IT outsourcing to concentrate on their core competencies. By engaging managed service providers for application and infrastructure management, firms can optimize operational efficiency and allocate resources towards their primary objectives. This approach enables businesses to maintain a competitive edge and achieve their mission and vision, while minimizing the need for significant investment in IT infrastructure and resources. Video managed services, available globally, offer an attractive solution for firms seeking to access high-quality, flexible, and scalable services from anywhere in the world.

Browse market data tables, figures, and in-depth TOC on “Video Managed Services Market” by End-user (Enterprises, Government) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By End-user, the Enterprises segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

The Video Managed Services Market encompasses a range of offerings designed to optimize and manage video content delivery across various platforms. Service providers offer solutions for video encoding, transcoding, storage, streaming, and security. These services enable businesses to efficiently manage their video content, ensuring high-quality delivery and improved viewer experience. By outsourcing these functions, organizations can focus on their core competencies while reducing costs and enhancing scalability.

North America is forecasted to hold the largest market size by region in 2024

The North American market for video managed services holds significant potential due to the region's advanced economy and high adoption rate of sophisticated technology in industries such as industrial, retail, and BFSI. With the increasing demand for managed services like data processing, outsourcing, internet services, and infrastructure, the market is witnessing growth. Furthermore, the emergence of new intelligent video managed services, including cloud-based solutions, automation, and AI integration, is driving demand. Additionally, regulatory compliance requirements in countries like Canada and the US due to rising cyberattacks on hosted servers further fuel market expansion.

The Video Managed Services Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Adtech Systems LLC
  • Applied Global Technologies
  • AT and T Inc.
  • AVI SPL LLC
  • BT Group Plc
  • Cameo Global Inc.
  • Cinos Ltd.
  • Cisco Systems Inc.
  • Gurusons Communications Pvt. Ltd.
  • ideyaLabs
  • Internet MegaMeeting LLC
  • Macro Technologies
  • Nippon Telegraph And Telephone Corp.
  • Plantronics Inc.
  • Premiere Global Services Inc.
  • Radio Technical Services Ltd.
  • Sota Solutions Ltd.
  • TELUS Corp.
  • Vega Technology Ltd.
  • ZTE Corp.
.

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Research Analysis Overview

The Video Managed Services Market is experiencing significant growth due to the increasing adoption of video management software in various industries. This market includes solutions for video surveillance using CCTV cameras and advanced surveillance technologies, as well as conferencing solutions for public justice institutions, government organizations, work forces, and businesses. ICT spending on networking equipment, electronic components, and ML environments, including AI and big data analytics, is driving the market forward. SMEs and large enterprises alike are investing in OTT platforms and hardware for Business-to-Consumer (B2C) and Business-to-Business (B2B) applications. Unified conferencing, visual collaboration, huddle room technology, and cloud videoconferencing are becoming essential tools for remote workforces and efficient communication. The integration of AI and ML in video management software enhances security and analytics capabilities, making it an indispensable part of IT operations. The future of the Video Managed Services Market looks bright, with continued innovation and advancements in technology.

Market Research Overview

The Video Managed Services Market is experiencing significant growth as more religious places, residential buildings, banks, ATMs, airports, hospitality businesses, and various industries adopt surveillance technologies for security and operational efficiency. The market includes Video Management Solutions (VMS) that utilize CCTV cameras, security cameras, and other surveillance technologies to manage and analyze footage. The VMS industry caters to various sectors such as retail, manufacturing, city surveillance networks, and smart city projects. Cloud deployment and managed services have become essential for large corporations, educational institutions, and government organizations due to increasing cyber assaults and ICT spending. The integration of artificial intelligence, big data analytics, and IT operations in VMS is revolutionizing the industry, enabling real-time threat detection and improving productivity rates. The retail environment, healthcare verticals, public justice institutions, and telemedicine are some of the key sectors adopting VMS. Connectivity tools like WANs, networking equipment, and electronic components are integral to the VMS ecosystem. The market also includes hardware and software offerings like PSA software, RMM software, MSPs, ML environments, AI, and cloud-based solutions. The VMS market caters to both Business-to-Consumer (D2C OTT, VOD, and OTT platforms) and Business-to-Business (conferencing solutions, huddle room technology, and unified conferencing) applications. The market is expected to grow further as more cities invest in smart city projects and video conferencing becomes a necessity in the wake of terror attacks and the need for remote work.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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