PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1110902
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1110902
According to SPER Market Research, the Global Video Management System Market is estimated to reach USD 51.43 billion by 2030 with a CAGR of 21.4%.
Video content management refers to a system that is capable of organizing and managing media content such as text, videos and graphic imagery in an effective manner. Global Video Management System is used by companies to help them better store, manage, organize and upload video content online. This system is utilized for videos such as ads and tutorials or private videos like training.
The rapidly increasing demand for security surveillance in form of tech-powered innovations like CCTV security and surveillance cameras which include IP-powered cams and those with night vision along with people companies adopting video-based communication like video calling and video conferencing between employees due to the lockdown restrictions caused by COVID-19 pandemic globally are the driving force of the market. The concerns regarding the privacy and data security of videos shared across several platforms pose a restraining factor in the growth of this market.
The cloud segment of deployment mode is expected to dominate the market during the forecast period as it offers various benefits such as easy excess through the internet, no need for onsite servers and rapid deployment of solutions without configuration, thus has been adopted by the majority of residential, retail and logistic costumers.
The Asia-Pacific is a rapidly growing region in this market, the heavy investment in infrastructures and tech-powered security surveillance being the driving factor. The education segment is currently witnessing a massive deployment of video managing systems (VMS) due to the changing education criteria and transition of education from offline to online mode because of the lockdown.
The outbreak of the COVID-19 pandemic has irreversibly increased the demand for video management systems. The companies were forced to adopt the work-from-home model because of the lockdown restrictions. The same situation also made the transition of education into online classes a necessity. During the outbreak, customers resorted to online shopping mode hence forcing the companies to increase their online presence. Thus companies across the vertical are using VMS as it provides various possibilities for marketing, promotion and addressing live audiences online.
Based on the Component, Global Video Management System Market is segmented as; Solution, Services (Professional services, Managed services).
Based on the Technology, Global Video Management System Market is segmented as; Analog-based VMS, IP-based VMS.
Based on the Deployment Method, Global Video Management System Market is segmented as; Cloud, On-premises.
Based on the Organization Size, Global Video Management System Market is segmented as; Large enterprises, Small and medium sized enterprises.
Based on the Application, Global Video Management System Market is segmented as; Mobile application, Intelligent streaming, Security and surveillance, Storage management, Video intelligence, Data integration, Case management, Advanced management, Navigation management.
Based on the Vertical, Global Video Management System Market is segmented as; Banking, financial services and insurance, Healthcare and life sciences, Retail, Information technology, Manufacturing and automotive, Tourism and hospitality, Government and public sector, Education, Media and entertainment, Transportation and logistics, Other verticals.
Asia Pacific is a rapidly growing region in this market, the heavy investment in infrastructures and tech powered security surveillance being the driving factor. Followed by North America, Europe, Latin America, Middle East and Africa.