The global video management software market size reached US$ 9.6 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 42.8 Billion by 2032, exhibiting a growth rate (CAGR) of 18.1% during 2023-2032. The rising security threats and criminal activities across the globe, the widespread adoption of video management software to enable centralized control, and the implementation of favorable government regulations represent some of the key factors driving the market.
Video management software (VMS) refers to a specialized computer program designed to manage and control video surveillance systems effectively. It serves as the central hub for organizing, storing, retrieving, and analyzing video footage captured by surveillance cameras. It is a critical component in modern security and surveillance systems, providing users with a comprehensive set of tools and functionalities to enhance video monitoring and management. Video management software makes a central view of the complete video network possible, which at its heart enables the integration and control of several security cameras spread across various places. It provides a user-friendly interface allowing users to examine recorded video, access live video feeds, and manage camera features, including pan, tilt, and zoom. With the ability to connect and manage numerous cameras simultaneously, VMS empowers security personnel to monitor and respond to incidents in real-time. Effectively storing and organizing video data is one of the main purposes of video management software. In order to reduce the amount of storage space needed for video footage while retaining its quality, it makes use of modern compression algorithms.
Video management software (VMS) refers to a specialized computer program designed to manage and control video surveillance systems effectively. It serves as the central hub for organizing, storing, retrieving, and analyzing video footage captured by surveillance cameras. It is a critical component in modern security and surveillance systems, providing users with a comprehensive set of tools and functionalities to enhance video monitoring and management. Video management software makes a central view of the complete video network possible, which at its heart enables the integration and control of several security cameras spread across various places. It provides a user-friendly interface allowing users to examine recorded video, access live video feeds, and manage camera features, including pan, tilt, and zoom. With the ability to connect and manage numerous cameras simultaneously, VMS empowers security personnel to monitor and respond to incidents in real-time. Effectively storing and organizing video data is one of the main purposes of video management software. In order to reduce the amount of storage space needed for video footage while retaining its quality, it makes use of modern compression algorithms.
Video Management Software Market Trends:
The growing security concerns among the masses majorly drive the global market. With a considerable rise in security threats and criminal activities, organizations across various sectors are focusing on enhancing their security measures. Video surveillance is a critical component of comprehensive security systems, providing real-time monitoring and evidence-gathering capabilities. This is encouraging the widespread adoption of video management software to enable centralized control and monitoring of multiple cameras, enhance situational awareness, and enable prompt response to security incidents. Along with this, various industries, such as banking, healthcare, transportation, and retail, are subject to strict regulatory requirements regarding security and data protection. Video management software helps organizations meet these compliance standards by providing features, such as secure storage, access control, and audit trails, thus acting as another growth-inducing factor. In addition, the rising popularity of cloud computing due to its numerous advantages, such as scalability, accessibility from anywhere, reduced infrastructure costs, and automatic software updates, is positively influencing the market. Apart from this, key players are leveraging artificial intelligence (AI) and machine learning (ML) algorithms to extract meaningful insights from video data is contributing to the market. Furthermore, continual advancements in video compression algorithms, storage capabilities, network bandwidth, and computing power are creating a positive market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global video management software market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on component, technology, deployment mode, and industry vertical.Component Insights:
- Solutions
- Video Intelligence
- Advanced Video Management
- Data Integration
- Navigation Management
- Storage Management
- Others
- Services
- Professional Services
- Managed Services
Technology Insights:
- Analog-based VMS
- IP-based VMS
Deployment Mode Insights:
- On-premises
- Cloud-based
Industry Vertical Insights:
- BFSI
- Government
- Healthcare and Life Sciences
- Manufacturing and Automotive
- Transportation and Logistics
- Media and Entertainment
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global video management software market. The detailed profiles of all major companies have been provided. Some of the companies covered include AxxonSoft Inc., Canon Inc., eInfochips Inc. (Arrow Electronics Inc.), Genetec Inc., Hanwha Vision Co. Ltd., Johnson Controls International PLC, March Networks (Delta Electronics Inc.), Panasonic Holdings Corporation, Robert Bosch GmbH, Salient Systems Corporation, Verint Systems Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global video management software market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global video management software market?
- What is the impact of each driver, restraint, and opportunity on the global video management software market?
- What are the key regional markets?
- Which countries represent the most attractive video management software market?
- What is the breakup of the market based on the component?
- Which is the most attractive component in the video management software market?
- What is the breakup of the market based on the technology?
- Which is the most attractive technology in the video management software market?
- What is the breakup of the market based on the deployment mode?
- Which is the most attractive deployment mode in the video management software market?
- What is the breakup of the market based on the industry vertical?
- Which is the most attractive industry vertical in the video management software market?
- What is the competitive structure of the global video management software market?
- Who are the key players/companies in the global video management software market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Video Management Software Market
6 Market Breakup by Component
7 Market Breakup by Technology
8 Market Breakup by Deployment Mode
9 Market Breakup by Industry Vertical
10 Market Breakup by Region
11 Drivers, Restraints, and Opportunities
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AxxonSoft Inc.
- Canon Inc.
- eInfochips Inc. (Arrow Electronics Inc.)
- Genetec Inc.
- Hanwha Vision Co. Ltd.
- Johnson Controls International PLC
- March Networks (Delta Electronics Inc.)
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Salient Systems Corporation
- Verint Systems Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 9.6 Billion |
| Forecasted Market Value ( USD | $ 42.8 Billion |
| Compound Annual Growth Rate | 18.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
