PUBLISHER: Acute Market Reports | PRODUCT CODE: 1236721
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1236721
Video Management Software (VMS) Market Expected to Grow at 20% by 2031. 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:
Increasing penetration of video surveillance
Increasing large scale security network
Rising government spending in security sector
Major restraint of video management software market:
High initial costs
Large storage need for high resolution videos and recordings
Privacy issues
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 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
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:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Video Management Software (VMS) market and their expected impact during the forecast period.
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.
Market Segmentation
Technology
IP-Based VMS
Analog-Based VMS
Deployment Models
On-premise
Cloud based
Component
Solution
Services
Professional Services
Managed Services
Organization Size
Large enterprises
SMEs
Application
Mobile Application
Intelligent Streaming
Security and Surveillance
Storage Management
Video Intelligent
Data Integration
Case Management
Advanced Video Management
Custom Application Management
Navigation Management
End user
Banking, Financial sectors and Insurance (BFSI)
Government
Retails & Hospitality
Transportation & Logistics (Buses, trains, Airports, Railway Stations etc.)
Industrial
Healthcare
Education
Media & Entertainment
Corporate Enterprises
Military & defense
Telecom & IT
Others (Residential and commercial, traffic monitoring etc.)
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Video Management Software (VMS) market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Video Management Software (VMS) market?
Which is the largest regional market for Video Management Software (VMS) market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Video Management Software (VMS) market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Video Management Software (VMS) market worldwide?