The video management system market globally is expected to grow from USD 10.9 billion in 2022 to USD 31.0 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast timeline

Report Objectives

• To determine and forecast the global video management software market based on component (solution and services), technology, deployment mode, organization size, application, vertical, and region from 2016 to 2027, and analyze various macro and microeconomic factors that affect market growth
• To forecast the size of the market segments with respect to four main regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.
• To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the total market
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the market
• To profile key market players (such as top vendors and startups); provide a comparative analysis based on their business overviews, regional presence, product offerings, business strategies, and key financials; and illustrate the market’s competitive landscape
• To track and analyze competitive developments, such as mergers & acquisitions (M&As), product developments, partnerships and collaborations, and research & development (R&D) activities, in the market

Top Trends in Video Management System Market:

AI-Powered Video Analytics: VMS platforms are increasingly integrating AI and machine learning for advanced video analytics, including facial recognition, object detection, behavior analysis, and automated threat detection, improving security and operational efficiency.

Cloud-Based VMS Solutions: The adoption of cloud-based VMS is rising due to its scalability, flexibility, and cost-effectiveness. Cloud solutions also enable remote access to video feeds, making it easier to manage multi-site operations and monitor security from anywhere.

Integration with IoT and Smart Devices: VMS platforms are evolving to integrate with IoT devices, sensors, and smart systems, creating more comprehensive security and monitoring solutions. This allows for enhanced situational awareness and automation of response mechanisms.

Cybersecurity Focus: As VMS platforms handle sensitive data, there is a growing focus on enhancing cybersecurity features. This includes encryption, multi-factor authentication, and compliance with data protection regulations to safeguard video data from cyber threats.

Mobile and Remote Access: VMS solutions are increasingly offering mobile-friendly platforms, allowing users to access video feeds and manage systems from smartphones or tablets, supporting real-time monitoring and management on the go.

Edge Computing and On-Premise Storage: With the rise of edge computing, VMS systems are leveraging local processing to analyze video data closer to the source, reducing latency and bandwidth usage while enhancing real-time decision-making and response times.

Intelligent Streaming segment to grow at the highest market share during the forecast period

With advancements in technologies and cloud computing, the video monitoring system has become more important in the VMS system. End users are looking for more flexible and intelligent video solutions which help them use video data for more advanced analysis effectively. The intelligent streaming solutions, based on the combination of the streaming video and VMS platform, offer an integration scheme for capturing video data, such as video content, video retrieval, and video playback. Basically, intelligent streaming is the process of detecting video network conditions and automatically adjusting the properties of a video to improve the quality of the VMS system. In video streaming, end users do not have to download the video; instead, they can view it online on the web browser or mobile app. The companies are offering various features in the intelligent streaming solutions: video recording, web board, layout screen, video wall, auto discovery, failover and redundancy, multi-streaming, live and recorded video viewing, real-time viewing, and fast access to live and recorded videos. Its advanced features include zoom functionality in a live and recorded video, an object navigator, and a graphical timeline.

Retail segment is expected to grow at a highest market share during the forecast period

In the retail industry, a video surveillance system has proved to be extremely useful. The retail verticals mission is to increase client retention by providing high-quality services. The retail vertical includes shopping malls, small retail stores, and shopping complexes that operate in high-traffic areas. Customers are always present in shopping centers. As a result, an attacker can easily spread the infection. Physical acid surveillance, on the other hand, is crucial for them. As a result, video surveillance is a critical component in the retail industry, where the risk of theft and scams is extremely high. Employee and customer theft, missing goods, and shoplifting are the most common types of scams. The video surveillance software not only provides a secure environment for customers and employees but also assists stakeholders in integrating their POS and ATM systems with the VMS platform to achieve higher levels of quality in the business process. To manage stores that are geographically distributed, retail stakeholders can now adopt cloud-based VMS solutions.

North America region to record the second highest CAGR in the Video Management System Market

North America tops the world in terms of the presence of security vendors and the occurrence of security breaches. Therefore, the global video management software market is dominated by North America, which is considered the most advanced region with regards to technological adoption and infrastructure. The growing concerns about the protection of critical infrastructure and national borders have increased government intervention in recent years. Specific budget allocations, such as the budget for The Department of Homeland Security, and mandated security policies are expected to make North America the most lucrative market for vendors from various verticals. The North American market covers the analysis of the US and Canada. The protection of critical infrastructure is the most serious economic and national security challenge for the governments of both countries. Many governments and law enforcement agencies in the US and Canada are taking initiatives for strengthening their security infrastructure. The US and the Canadian governments are continuously working with law enforcement agencies to prevent violent extremism and counter terrorism-related incidents in their respective countries.

Market Players

Key and innovative vendors in the Video Management System Market are Bosch (Germany), Hanwha Techwin Co (South Korea), Honeywell International (US), Schneider Electric (France), Axis Communications (Sweden), Johnson Controls International (Ireland), Hikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Verint Systems (US), Mindtree (India), Axxonsoft (US), 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), Genetec (Canada), Verkada (US), Milestone Systems (Denmark), identiv (US), March Networks (Canada), IndigoVision (US), Qognify (US), Senstar (Canada), Exacq technologies (US), and American Dynamics (US).

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