India Video Management Software market revenues is projected to grow with a CAGR of 21.4% And the India Video Analytics market would grow at CAGR of 19.6% during 2023-29F

On-premise in terms of deployment accounted for the highest revenue share in India Video Management Software and Video Analytics Market – 6Wresearch

By Deployment, On-premise held the majority of revenue share and it is still holding significant revenue share in the market as it provides organizations with enhanced control over video data, enabling security measures, access controls, and encryption protocols. This is crucial for sensitive data or compliance industries. It is cost-effective, flexible, and scalable for end users. Also, it is more cost-effective in the long run and offers great flexibility and scalability to the end user. As cloud-based VMS are cheaper, can be remotely monitored, and are easy to deploy and manage, will witness accelerated growth in the near future.

According to 6Wresearch, India Video Management Software market revenues are projected to grow with a CAGR of 21.4%, and the India Video Analytics market would grow at a CAGR of 19.6% during 2023-29F. India video management software market is expected to grow in the coming years on account of various upcoming projects such as the smart cities mission expected to be completed by 2024 and airport projects along with the integration of advanced technologies in business. The video analytics market is poised for growth in the coming years on account of rising demand for video surveillance and organizations increasingly recognize the value and benefits of leveraging video data for improved security, and operational efficiency. Lack of technical knowledge including artificial intelligence, big data analytics, and others has acted as a key off-putting factor for the video management and video analytics industry. Cyber incidents and surveillance tend to become more advanced with newer technologies and act as restraining factors in the growth of the market.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, IP-based solution by technology holds a larger share as they offer better resolution and image quality compared to analog cameras, making them essential for precise identification, facial recognition, and evidence gathering.

The India Video Management Software and Video Analytics Market (2023-2029) report provides an in-depth analysis with 12 figures and 6 tables, covered in 55 pages. The report comprehensively covers the market by deployment, technology, and verticals in terms of India Video Management Software Market, and application and verticals in terms of the India Video Analytics Market. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.