GITNUX MARKETDATA REPORT 2024

Video Management Software Industry Statistics

The Video Management Software industry is expected to see continuous growth due to high demand for reliable security solutions in various sectors.

Statistic 1

"The global Video Management Software market size is expected to reach USD 23.2 billion by 2028."

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Statistic 2

"The Video Management Software market is forecasted to grow at a CAGR of 21.8% during the forecast period (2021-2026)."

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Statistic 3

"North America dominates the Video Management Software market with a share of around 42% in 2020."

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Statistic 4

"The cloud-based Video Management Software category is projected to grow at the highest CAGR from 2017 to 2022."

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Statistic 5

"The U.S. accounted for the majority of the market share of around 69.23% in 2017 in the North American region."

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Statistic 6

"By 2025, Asia-Pacific is expected to witness the highest growth rate in the video management software market."

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Statistic 7

"The video management software market in the Middle East and Africa is anticipated to grow at a CAGR of 23.4% during 2021-2026."

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Statistic 8

"On-premise Video Management Software is projected to hold the largest market share during 2021-2026."

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Statistic 9

"By 2026, the Video Management Software (VMS) market is expected to reach $1.4 billion in China."

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Statistic 10

"Of video management software platforms, 36% of large businesses use them for physical security, versus 17% for IT operations."

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Statistic 11

"Latin America VMS market is predicted to accumulate $1 billion in revenue by 2027."

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Statistic 12

"In 2017, the professional services market segment accounted for a share of around 45.78% in the global video management software market."

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Statistic 13

"Video content analytics software is expected to significantly contribute to the growth of the Video Management Software market size."

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Statistic 14

"The hybrid Video Management Systems segment is anticipated to observe substantial growth, with a CAGR of over 22.0%, between 2021 and 2028."

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Statistic 15

"Nearly 40% of video management software users leverage them for customer service and support."

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