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The video management software market size is forecast to increase by USD 14.02 billion and is estimated to grow at a CAGR of 24.89% between 2023 and 2028. The market is experiencing significant growth due to the increasing need for security and surveillance across the globe. Businesses and organizations are recognizing the importance of effective video management solutions to enhance security, improve operational efficiency, and ensure compliance with regulatory requirements. The market is expected to witness robust growth in the coming years, driven by technological advancements, rising demand for cloud-based solutions, and the increasing adoption of IoT devices. Additionally, the growing trend of remote work and the need for secure communication and collaboration are further fueling the market's expansion. Overall, the VMS market is poised for substantial growth, offering numerous opportunities for vendors and investors alike.
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Video Management Software (VMS) is a critical solution for Security agencies and Authorities to manage and monitor Video Surveillance systems. With the increasing number of Terror attacks and global outbreaks, the need for advanced VMS has become essential for Facility protection and Cross-border activities. VMS enables the Public to monitor CCTV cameras and ensures the effective use of Video analytics and Computer vision for Security purposes. The VMS Market is expected to grow significantly due to the increasing adoption of AI security systems and advanced features like Facial recognition. The market is segmented into various types such as VSS Lite, VSS Standard, and VSS Professional. VMS is used extensively in various industries like Transportation, BFSI, Healthcare, and Education for the protection of Physical & capital assets. These companies provide advanced features like AI-based video analytics, real-time monitoring, and remote access to ensure effective Security and Surveillance. The market is expected to witness significant growth due to the increasing demand for advanced Video Surveillance solutions for the Protection of the Public and critical infrastructure. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing need for security across globe is notably driving market growth. Video Management Software (VMS) is a critical solution for managing surveillance videos from IP cameras, DVR, and analog technology. The market for VMS is witnessing significant growth due to the increasing need for security in various sectors, including national security and public safety, in the face of global outbreaks, terrorist attacks, and mass robberies.
Moreover, milestone Systems is a leading provider of open platform VMS, enabling integration of AI analytics, computer vision, facial recognition, and behavioral analytics. The market offers both cloud-based and on-premise deployment models, with semiconductor chips playing a crucial role in enhancing the performance of VMS. Federal agencies and organizations rely on VMS for digital forensics, data security, and protection. The use of VMS extends to physical and capital asset protection, making it an essential tool for law enforcement and homeland security. Thus, such factors are driving the growth of the market during the forecast period.
Emergence of smart cities is the key trend in the market. Video Management Software (VMS) is a crucial technology for securing national security and public safety against terrorist attacks, global outbreaks, and mass robberies. Milestone Systems is a leading provider of open platform VMS, enabling integration of AI analytics, computer vision, and behavioral analytics for real-time surveillance and digital forensics.
Moreover, VMS supports both Cloud-based and On-Premise deployment models, allowing federal agencies to choose the best fit for their physical and capital assets. The market for Video Management Software is driven by the increasing demand for advanced video analytics, including facial recognition and digital forensics, to ensure data security and protection. Semiconductor chips in IP cameras, DVRs, and Copper, Aluminum, Nickel, and Platinum-based components are essential for VMS infrastructure. Thus, such trends will shape the growth of the market during the forecast period.
High initial license cost of VMS is the major challenge that affects the growth of the market. Video Management Software (VMS) is a crucial technology in ensuring national security and public safety, particularly during global outbreaks or terrorist attacks. Milestone Systems is a leading provider of open platform VMS, enabling integration of AI analytics, computer vision, and video analytics.
Moreover, the market caters to the needs of federal agencies, law enforcement, and businesses to manage and secure surveillance videos from IP cameras, DVRs, and semiconductor chips. Cloud-based and on-premise deployment models offer flexibility. AI analytics, including facial recognition and behavioral analytics, enhance security and enable digital forensics. Physical and capital assets protection is enhanced through real-time monitoring and analysis of surveillance videos. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovatorâs stage to the laggardâs stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Genetec Inc: The company offers video management software under the brand name Omnicast.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The public segment is estimated to witness significant growth during the forecast period. Video management software plays a crucial role in ensuring security and surveillance in various sectors, including security agencies and authorities, retail environments, hospitality businesses, and public spaces. With the increasing threat of terror attacks and cyber assaults, the demand for advanced video management systems (VMS) is on the rise.
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The public segment was the largest segment and valued at USD 2.53 billion in 2018. VMS enables the duplication, distribution, and management of video content from CCTV cameras and other surveillance technologies. Security agencies and authorities use VMS for city surveillance networks, airport security, and border control, ensuring the safety of citizens. Large corporations and SMEs deploy VMS for facility protection and infrastructure security. In the retail industry, VMS is used for loss prevention and customer experience enhancement. Hence, such factors are fuelling the growth of this segment during the forecast period.
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APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Video management software plays a crucial role in ensuring security and surveillance in various sectors, including security agencies and authorities, retail environments, and public spaces. With the increasing threat of terror attacks and cyber assaults, the demand for advanced video management systems (VMS) is on the rise. VMS enables the efficient management of CCTV cameras and video content duplication, providing real-time monitoring and analysis. Security cameras are a common feature in retail industries, hospitality businesses, airports, ATMs, banks, residential buildings, religious places, and city surveillance networks. Hence, such factors are driving the market in APAC during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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Video management software plays a crucial role in securing various sectors, including Security agencies and Authorities, by facilitating effective management of video content from Surveillance technologies. In the wake of increasing Terror attacks and Cyber assaults, the use of Video management software has become essential for the Public, especially in the Retail environment. The software enables managing and monitoring CCTV cameras and other Security cameras in real-time, preventing Video content duplication, and ensuring Facility protection. The VMS industry caters to the needs of Large corporations, SMEs, and Infrastructure projects, including Smart city projects. The software's advanced features, such as Artificial intelligence, Cloud deployment, and Managed services, make it an indispensable tool for Professional services and Managed services providers. Video management software is extensively used in various industries, including Retail industries, Hospitality businesses, Airports, ATMs, Banks, Residential buildings, Religious places, and more. The software's capabilities extend to Video surveillance, Cross-border activities, and City surveillance networks. Some popular Video management software solutions include VAST Security Station, VSS Lite, and VSS Standard, among others. These solutions offer features like AI security systems, which can detect and respond to potential threats, enhancing the overall security of the system. In conclusion, Video management software is an essential tool for ensuring security and safety in various sectors, from Security agencies and Authorities to Large corporations and SMEs. The software's advanced features, such as AI security systems and Cloud deployment, make it a valuable investment for businesses and organizations seeking to protect their infrastructure and assets from potential threats.
Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 24.89% |
Market growth 2024-2028 |
USD 14.02 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
20.79 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 47% |
Key countries |
China, US, Germany, Japan, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aeronautics Ltd., AxxonSoft, Cathexis (Pty) Ltd, Digital Watchdog, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova Group, Johnson Controls International Plc., Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc., Vicon Industries Inc., and VIVOTEK Inc. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our marekt report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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