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Global VMS market to reach $10 billion in the next several years

July 19, 2017Spencer Ives

PUNE, India—The market for video management software will rise $3.71 billion in 2016 to $10.54 billion by 2021, according to a report from research firm MarketsandMarkets.MarketsandMarkets valued the North American market at $821.9 million in 2016 and projects that, with a roughly 20 percent CAGR, the region will reach up to about $2.3 billion by 2021.The North American market for VMS solutions has several unique aspects, Kaipa Shashank, MarketsandMarkets' research analyst, information and...

Kaipa Shashank, Marketsandmarkets, VMS