Video Management System Market 2030: The Rise of AI and Automation
Video Management System Market Growth & Trends The global video management system market size is anticipated to reach USD 51.68 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 20.3% from 2023 to 2030. The security and surveillance industry is undergoing significant transformation, with a clear shift towards increased dependence on technological advancements. Moreover, key drivers such as the rising trend of urbanization, industrialization, and a heightened awareness among organizations regarding compliance with payment services regulations and standards exert significant influence on the market. Furthermore, the market is poised for growth, fueled by expanding government support for advanced technology and solutions and the rising per capita income, which is expected to propel the market's growth rate. The market is experiencing dynamic growth, primarily fueled by its IoT and AI technologies integrati...