The Video Management Software (VMS) market size is expected to grow from US$3.71 Billion in 2016 to US$10.54 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 23.2% from 2017 to 2022. The need for VMS has a growing significance ever before because organizations seek to safeguard their physical and capital assets. This report studies the global VMS Software market, analyzes and researches the VMS Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
According to market research firm MarketsandMarkets, The video surveillance market is expected to reach US$71.28 billion by 2022, at an estimated CAGR of 16.56% between 2016 and 2022. The major reason for the growth in video surveillance is due to the increasing rate of security threats, criminal activities, thefts, and others. The advancements in video surveillance applications such as cloud services, network cameras, big data analytics, and other technologies have increased the scope of the video surveillance market for wider application in different sectors.