Video Management System Market Analysis

The Global Video Management System Market is estimated to be valued at USD 17.1 Bn in 2024 and is expected to reach USD 58.3 Bn by 2031, growing at a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031. The increasing need for security surveillance across residential, commercial and industrial applications is driving the demand for video management systems. Growing concerns around security and public safety are encouraging the adoption of video surveillance solutions worldwide. The video management system market is expected to witness significant growth over the forecast period. Technological advancements in video analytics and artificial intelligence are enabling video management systems to offer advanced functionality like facial recognition, motion detection and automatic license plate recognition. Integration of video surveillance cameras with cloud-based storage and analytics is also emerging as a key trend in the market.