Video Management Software (VMS) Market Expected to Grow at 20% by 2033. Video management software (VMS) is a component security camera system, specifically designed for processing, storing and managing signals for more than one camera feed. Video management software is expected to witness robust market growth owing to factors such as an increasing security concerns and escalating demand for high quality video processing. The rising popularity of video surveillance systems is anticipated to be one of the most prominent factor for the VMS market growth. Remote monitoring and growing demand for seamless access to live and recorded videos on mobile devices also influences the market maturity.
Due to substantially increasing terror activities, security cameras have been into high demand for public places, transportation, commercial and several other sectors. Thus, accelerated video management market growth. Video management software also offers multi-view feature in single recorded stream, thereby pushing its demand in military & defense sector. However, cyber security and large data handling are few challenges for market growth.
Video management software, by technology, is segmented into IP-based and analog-based VMS. The IP-based video management software is currently a fastest growing solution in video management market by offering high image resolution and scalability along with low price. IP-based segment is also expected to continue its dominance during the forecast period from 2018-2026. Increasing demand for IP-based VMS is one of the most prominent factor driving video management software market.
Further, VMS market is also segmented by deployment type, into on-premises and cloud based VMS. High installation cost of devices majorly hamper on-premised video management software market. With increasing penetration of cloud-based services across numerous applications, the cloud-based VMS segment is set to register high growth over the forecast period. Cloud-based solutions are gaining momentum since they eliminate initial investment on hardware and provide higher flexibility.
Asia Pacific is projected to emerge as the fastest growing VMS market owing to developing commercial and domestic infrastructure through smart city projects, especially in India and China. North America is also expected to witness steady growth during the forecast timeline due to growing adoption of video surveillance systems. Growing attention on smart city projects along with intelligent transportation systems, especially in developing countries, such as India and China, is anticipated to surge the video management software market demand.
Major drivers of video management software market:
Major restraint of video management software market:
Key players identified in video management software market include but are not limited to:
Milestone System, A/S, Cisco Systems, Inc., Schneider Electric Industries SAS, Verint Systems, Inc., Honeywell International, Inc., Bosch Sicherheitssysteme GmbH, Almetls Corp., AxxonSoft,Inc., Genetec Inc., Salient Systems, On-Net Surveillance Systems, Inc., 3VR Inc., Hanwha Techwin Co (South Korea), Axis Communications (Sweden), Johnson Controls International (Ireland), ikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Mindtree (India), eInfochips (US), Avigilon Corporation (Canada), Panasonic i-PRO Sensing Solutions (US), Panopto (US), Backstreet Surveillance (US), Eagle Eye (US), Arcules (US), Rhombus (US), ButterflyMX (US), Qumulex (US), Hakimo (US), Sighthound (UK), Camcloud (Canada), Pelco (US), Verkada (US), identiv (US), March Networks (Canada), IndigoVision (US), Qognify (US), Senstar (Canada), Exacq technologies (US), American Dynamics (US) And Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Video Management Software (VMS) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
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Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
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Key questions answered in this report