Latest News- Video Management Software Market: Public is expected to lead the End-user segment during 2025-2029

The Video Management Software Market is being driven by Increasing need for security across globe

The Video Management Software Market is expected to grow at a CAGR of 22.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 14287.2 million. In the modern era of urban development, several nations are investing in the creation of smart cities. A smart city is an initiative that integrates advanced information and communication technologies into a city's infrastructure. Key features of smart cities include the implementation of smart grid technologies, software solutions for efficient traffic management, the proliferation of Wi-Fi hotspots, a robust mobile application landscape, and video surveillance systems. Global technology giants such as IBM, Microsoft, Cisco, and Schneider Electric are spearheading this transformation by launching initiatives and developing IT solutions. Crucial components of smart cities include smart metering, property monitoring, logistics management, and traffic management and monitoring. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Public
  • Commercial
  • Residential
• Technology
  • IP-based
  • Analog-based
• Deployment
  • On-premises
  • Cloud
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing need for security across globe
• Rising government spending on security
• Increasing demand for intelligent transportation systems

However, the market also witnesses some limitations, which are as follows:

• High initial license cost of video management software
• Data security issues associated with video management software
• High lead time associated with video management software

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Market Scope in Video Management Software Market Research Report

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Research Analysis Overview

The Video Management Software Market encompasses solutions for managing security camera systems, recording and archiving footage, delivering content, and providing analytics through an analytics platform. These systems offer system management, integration with surveillance solutions, and remote monitoring capabilities. They also include evidence management, consulting, and incident response features. Budget-friendly options are available for network infrastructure and satellite sites. Advanced features include real-time threat detection, cybersecurity policies, training, and predictive analytics for situational awareness and compliance. Market Abuse regulations are also addressed through these solutions.

Market Research Overview

The global IT software market encompasses businesses specializing in the development and production of application and system software. This sector includes enterprises focusing on database management software, as well as those offering advanced solutions such as telemedicine, on-premises management, data management, crowd management, retail, and e-commerce software. Notably, the application software market caters to both business and consumer needs, incorporating enterprise and technical software, as well as cloud-based solutions. Technavio determines the market size by aggregating the revenues of these companies, encompassing those leveraging cloud-based technologies, machine learning, advanced analytics, alarm systems, and other cutting-edge tools, primarily within industries like healthcare, retail, and beyond.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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