Video Management Software (VMS)

Video Management Software (VMS)

Global Video Management System (VMS) Market to Reach $21 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Video Management System (VMS) estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$21 Billion by 2027, growing at aCAGR of 18% over the period 2020-2027. Analog-Based, one of the segments analyzed in the report, is projected to record 16.7% CAGR and reach US$12.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the IP-Based segment is readjusted to a revised 19.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 24.8% CAGR

The Video Management System (VMS) market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2027 trailing a CAGR of 24.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.4% and 15.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.

Select Competitors (Total 44 Featured) -

• 3VR, Inc.
• Aimetis Corporation
• AxxonSoft
• Exacq Technologies, Inc.
• Genetec, Inc.
• March Networks Corporation
• Milestone Systems A/S
• On-Net Surveillance Systems, Inc. (OnSSI)
• Salient Systems Corporation
• Verint Systems, Inc.

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