Mon, 18 Oct 2021

The Video Management Software (VMS) Market is anticipated to garner a valuation of USD 28.92 billion by 2027 from its valuation of USD 4.82 billion in 2019, registering a significant CAGR of 20.5% throughout the forecast period. The rising need for enhanced security and the rapid adoption of the CCTV cameras and IP network cameras in the surveillance and security sector is creating an added demand for the video management software, in turn bolstering the growth of the market.

Video management software is an intrinsic segment of the surveillance and security systems, and it is responsible for locating and attaching to all the IP cameras on the network and provides a reliable and secure connection to the cameras. A VMS is typically a software component of the network video recorder (NVR) and digital video recorder. VMS provides additional features such as motion detection, distributed processing, audio, license plate detection, and point of sale integration, among others. A VMS may also provide alerts to the security personnel.

The ability of the video management software to cohesively work with various digital systems, increasing use of mobile applications for real-time access to the videos, and advancements in the technological sector, is further fueling the growth of the video management software market. However, the rising concerns surrounding the privacy and storage of videos and recordings are potential factors hampering the growth of the market.

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Further Key Findings from the Report Suggests:

  • The Video Management Software (VMS) Market is anticipated to garner a valuation of USD 28.92 billion by 2027 from its valuation of USD 4.82 billion in 2019, registering a significant CAGR of 20.5% throughout the forecast period.
  • The rising need for enhanced security and the rapid adoption of the CCTV cameras and IP network cameras in the surveillance and security sector is creating an added demand for the video management software, in turn bolstering the growth of the market.
  • Video management software is an intrinsic segment of the surveillance and security systems, and it is responsible for locating and attaching to all the IP cameras on the network and provides a reliable and secure connection to the cameras.
  • Video management software is a vital component of the security camera system that records and stores videos, collected through cameras and other sources, to a storage device, and essentially provides an interface to access the live video and recorded videos.
  • A VMS is typically a software component of the network video recorder (NVR) and digital video recorder. VMS provides additional features such as motion detection, distributed processing, audio, license plate detection, and point of sale integration, among others.
  • A VMS system generally incorporates electronic equipment like Closed Circuit Television (CCTV) and Internet Protocol (IP). Video management software can also be integrated with several third-party solutions to provide a comprehensive view of the facilities and is hugely beneficial to law enforcement.
  • The ability of the video management software to cohesively work with various digital systems, increasing use of mobile applications for real-time access to the videos, and advancements in the technological sector, is further fueling the growth of the video management software market.
  • The data integration segment held the highest share and is anticipated to dominate the market over the coming years due to the extensive adoption of video monitoring and surveillance systems. Video analytics and mobile application segments are also presumed to grow significantly throughout the forecast timeline. This can be attributed to the extensive application of video analytics in facial recognition, motion detection, and retail customer analytics.
  • The on-premise deployment model is anticipated to lead the market over the coming years, attributable to the cost-effectiveness of the deployment, facilitation of installation of multiple cameras over one network, and the easy deployment of the software.
  • The IP-based VMS segment is presumed to lead the market over the projected timeline due to the increasing deployment of IP cameras owing to the plethora of benefits, such as affordability, HD image processing, and others, that they offer.
  • The managed services segment is anticipated to grow at the highest rate during the forecast period owing to the increased need to improve operational efficiency and minimize capital expenditure.
  • The government segment is presumed to garner the largest market share in the coming years due to surging demand and rapid deployment of surveillance systems in airports, ports, malls, and other public places to handle security and manage risks.
  • North America is presumed to hold the largest share of the market, attributable to the rapid adoption and deployment of cutting-edge IP-based surveillance and monitoring system. The presence of key market players in the region and a strong network of distributors and consultants, and increasing advancements in technologies such as IoT, cloud computing, and others are further adding traction to the market growth in the region.
  • Asia Pacific is anticipated to be the fastest-growing market in the VMS market. This can be attributed to the rapid adoption of cloud-based VMS in APAC nations like India and China.
  • Some of the key players of the Video Management Software market are 3VR Inc., Genetec Inc., Milestone Systems Inc., Exacq Technologies, Aimetis Corporation, Mindtree Ltd, Geo Vision Inc., Surveon Technology Inc., Imotion Security Inc., Video Insights Inc., Panasonic Corporation, Qognify Inc., and Salient Systems Corporation, among others.

Market Overview:

Increasing adoption of technologically upgrade and advanced devices among users and rising penetration of internet has led to generation of massive amount of data across various industries and sectors. Growing demand for enhanced data security and privacy has contributed to the revenue growth of the market. In addition, rising application of the Internet of Things (IoT) and usage of business intelligence have further fueled market growth. Developments across various segments such as internet, wireless networks, computers, software, social networking, and other services have impacted the growth of the information and communication technologies market.

ICTs refer to the amalgamation of media technology with computer networks through cables or link systems. Key emerging trends such as use of IoT, media systems, and information and communication technologies in different sectors such as agriculture, financial services, and meteorological data collection, among others have also boosted revenue growth. The advent of artificial intelligence and robotics have further brought evolution in the ICT industry.

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Report Overview:

By Solutions (Revenue, USD Million; 2017–2027)

  • Advanced Video Management
  • Video Intelligence
  • Case Management
  • Data Integration
  • Custom Application Management
  • Intelligent Streaming
  • Storage Management
  • Mobile Application
  • Security Management
  • Others

By Deployment (Revenue, USD Million; 2017–2027)

  • Cloud
  • On-premise

By Services (Revenue, USD Million; 2017–2027)

  • Professional
  • Managed

By Technology (Revenue, USD Million; 2017–2027)

  • Analog-based VMS
  • IP-based VMS
  • Hybrid VMS

By End-User (Revenue, USD Million; 2017–2027)

  • BFSI
  • Government
  • Transportation and Logistics
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Manufacturing and Automotive
  • Retail
  • Telecom and IT
  • Energy and Utilities
  • Tourism and Hospitality
  • Education
  • Real Estate
  • Others

Key players dominating the global Video Management Software (VMS) market are focusing on development and advancement in software and security technologies to cater to the growing consumer demand. Factors such as rapid economic growth, shifting consumer preference, and rapidly changing market dynamics have also accelerated market revenue growth. The report sheds lights on the key strategic initiatives such as mergers and acquisitions, collaborations, partnerships, product launches, corporate deals, and agreements undertaken by the key companies. The report also offers insights into market share, market size, and revenue growth in key regions of the globe.

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Regional analysis covers:

  • North America
    • U.S.
    • Canada
    • Mexico

  • Europe
    • Russia
    • U.K.
    • Germany
    • France
    • BENELUX
    • Rest of Europe

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC

  • Latin America
    • Brazil
    • Rest of LATAM

  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • Israel
    • Rest of MEA

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