Turkish VMS and analytics market shows promise

New Delhi, India

According to 6wresearch, the video management software and video analytics market revenue size in Turkey, is anticipated to grow at a CAGR of 3.8% and 6.5% respectively during 2023-2029. This sector is expected to show decent growth in the coming years due to increased public surveillance, investments in smart cities, and infrastructure development.  IP based solutions have become a new normal in the country due to the greater feasibility of IP solutions when compared with analogue alternatives in surveillance. In addition, in the future, researchers predict that these advanced video management and analytical functions could render analogue-based solutions obsolete.

The video analytics market in Turkey is in the initial growth stage as it is increasingly being used for traffic management systems and in defence applications such as perimeter solutions. Also, in the banking and financial sector and retail landscape, video analytics is witnessing an increase. Thus, analysts expect this sector to show decent growth over 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 should retain its dominance on account of forthcoming expenditure on smart city infrastructure and a 30-year transportation infrastructure plan devised by the government.

The Turkey video management software and analytics market report, covering 2023 - 2029, offers to comprehensively cover 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 also promises 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.


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