How big is the Video Management System Market?

The Video Management System Market size is expected to reach USD 15.83 billion in 2024 and grow at a CAGR of 22.70% to reach USD 44.04 billion by 2029. Read More

What is the current Video Management System Market size?

In 2024, the Video Management System Market size is expected to reach USD 15.83 billion. Read More

Who are the key players in Video Management System Market?

Milestone Systems, Genetec Inc, Bosch Security Systems GmbH, Honeywell International Inc and Dahua Technology Corporation are the major companies operating in the Video Management System Market. Read More

Which is the fastest growing region in Video Management System Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Video Management System Market?

In 2024, the North America accounts for the largest market share in Video Management System Market. Read More

What years does this Video Management System Market cover, and what was the market size in 2023?

In 2023, the Video Management System Market size was estimated at USD 12.24 billion. The report covers the Video Management System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Video Management System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Video Management System Market Size & Share Analysis - Industry Research Report

Video Management System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Video Management System Market Report is Segmented by Component (Solution and Services), Technology (Analog-Based and IP-Based), Mode of Deployment (On-Premise and Cloud), End-User Industry (Retail, Airports, Education, Banking, Healthcare, Transportation and Logistics, and Other End-User Industries), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Video Management System Industry Overview

The video management system market is fragmented and consists of several players. The companies in the market continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Milestone Systems, Bosch Security Systems GmbH, Genetec Inc., Honeywell International Inc., Dahua Technology Co. Ltd, Axis Communications AB, Panasonic Corporation, NetApp, Kedacom, Hikvision, Cisco Systems Inc., and many more.

In July 2023, Milestone Systems, an Open Platform Video technologies provider, partnered with FedCloudIA. This partnership marks a milestone in the development of innovative government security solutions. Milestone Systems' software Milestone XProtect is available as a part of FedCloudIA's FedRAMP Ready cloud service offering. Milestone XProtect is now a certified cloud service technology provider for the US government, having joined the FedRamp Ready environment. This distinction makes it easier for businesses to conduct business within the federal government sector. As a result, any federal government agency that is looking for a FedRamp Ready video management system (VMS) now has the opportunity to utilize Milestone through FedCloudIA.
In July 2023, Pestra Limited, a security, safety, and IT systems distribution company in West Africa, announced the launch of a distribution partnership with Bosch Security to meet the market's growing demands. Petra offers a comprehensive selection of Bosch security, communications products, solutions, and services, including IP cameras, recorders, video management software, public address systems, voice alarm systems, and more. Through partnerships with leading manufacturers like Bosch, Pestra can provide high-quality security solutions for several industries and applications, including Smart City, integrated border control, baggage scanning, malicious vehicle mitigation solutions, and advanced video surveillance systems.