The global video management software market is expected to be valued at $4 billion in 2022 and reach $30 billion by 2032, according to market research by Fact.MR.
The VMS market is estimated to be experiencing a compound annual growth rate (CAGR) of 22.63% during the forecast period. The growth of the market can be attributed to the penetration of advanced technologies like computer vision and video analytics, according to the Ireland-based market research firm.