Turkey Video Management Software and Video Analytics Market revenue size is anticipated to grow at a CAGR of 3.8% and 6.5% respectively during 2023-2029

On the basis of technology, IP-based solutions have gained the major revenue share in Turkey Video Management Software and Analytics Market – 6Wresearch

IP-based solutions have become a new normal in the country due to the greater feasibility of IP solutions as compared to analog alternatives in surveillance. In addition to this, in the future, advanced video management and analytical functions will render analog-based solutions obsolete. 

According to 6Wresearch, Turkey Video Management Software and Video Analytics Market revenue size is anticipated to grow at a CAGR of 3.8% and 6.5% respectively during 2023-2029. Turkey's video management software is expected to show decent growth in the coming years on account of increased public surveillance, investments in smart cities, and infrastructure development. Turkey's video analytics market is in the initial growth stage as it is increasingly being used for traffic management systems and defense applications such as parameter solutions. Also, in the banking and financial sector and retail landscape, video analytics is witnessing an increase. Thus, it is expected to show decent growth in the forecast period. Turkey’s infrastructure gap would be a restraining factor in fully realizing the growth potential of the video management software and analytics Market in the forecast period.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, government and transportation by application owns the dominant position in the video management software market due to recently completed infrastructure projects in the country and it would retain its dominance on account of expenditure coming in smart city infrastructure and 30-year transportation infrastructure plan of the government. Also, the criticality of city surveillance and law enforcement to maintain the country’s international competitiveness in the Turkish Market would drive the demand for video management software in the region.

The Turkey Video Management Software and Video Analytics Market (2023-2029) report provides an in-depth analysis with 21 figures and 6 tables, covered in 69 pages. The report comprehensively covers the market by technology, deployment, and verticals on the basis of video management software, and deployment, application, and verticals on the basis of video analytics. 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 the latest and future market dynamics.