• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor

    Video Management Software Market

    ID: MRFR/ICT/2106-CR
    123 Pages
    Aarti Dhapte
    August 2020

    Video Management Software Market Research Report Information By Solution (Video Intelligence/Analytics, Case Management, and Navigation Management), By Technology (Analog-based and IP-based), By Deployment (Cloud-Based and On-Premise), and By Region (North America, Europe, Asia-Pacific, and Rest Of The World) - Forecast Till 2030.

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Video Management Software Market Research Report - Global Forecast to 2030 Infographic
    Purchase Options
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    Video Management Software Market Summary

    As per Market Research Future Analysis, the Video Management Software (VMS) market was valued at USD 12.5 billion in 2021 and is projected to grow from USD 14.9 billion in 2022 to USD 53.1 billion by 2030, with a CAGR of 19.82% during the forecast period. The growth is driven by the increasing use of video surveillance for facility protection, monitoring applications, and cross-border activities. Recent advancements include AI-integrated systems like VIVOTEK's VAST Security Station and Milestone Systems' cloud-based Milestone Kite, enhancing video management capabilities.

    Key Market Trends & Highlights

    Rising security surveillance is propelling market growth.

    • The VMS market is expected to grow significantly due to increased security surveillance, with 15.28 cameras deployed per 100 individuals in the US.
    • Technological advancements, such as Qognify VMS, are driving market growth by offering cloud storage and intelligent video analytics.
    • Governments are adopting sophisticated surveillance systems, as seen in the US$ 67 million Nirbhaya Fund project in Bengaluru.

    Market Size & Forecast

    2021 Market Size USD 12.5 Billion
    2022 Market Size USD 14.9 Billion
    2030 Market Size USD 53.1 Billion
    CAGR 19.82%

    Major Players

    Key players include Avigilon Corporation, BCD Video, Bosch GmbH, Dahua Technology Co., and Axis Communications AB.

    Video Management Software Market Trends

    Rising security survelliance to propel market growth

    The increasing integration of artificial intelligence and machine learning technologies within video management software is reshaping the landscape, enhancing capabilities for real-time analytics and security monitoring.

    U.S. Department of Commerce

    Video Management Software Market Drivers

    Market Growth Projections

    The Global Video Management Software Market Industry is characterized by robust growth projections. The market is anticipated to reach 21.6 USD Billion in 2024, with expectations of expanding to 131.1 USD Billion by 2035. This remarkable growth trajectory indicates a compound annual growth rate of 17.82% from 2025 to 2035. Such projections reflect the increasing reliance on video management solutions across various sectors, driven by the need for enhanced security, operational efficiency, and compliance with regulatory standards. The upward trend in market size underscores the potential for innovation and investment in video management technologies, positioning the industry for a dynamic future.

    Integration with IoT Devices

    The integration of video management software with Internet of Things (IoT) devices is a pivotal driver for the Global Video Management Software Market Industry. As IoT technology proliferates, the ability to connect cameras and sensors to centralized video management systems enhances monitoring capabilities and data collection. This interconnectedness allows for real-time alerts and automated responses to security incidents, thereby improving overall safety. The increasing adoption of smart cities and connected infrastructure further propels this trend. Consequently, the market is poised for robust growth, with a projected compound annual growth rate of 17.82% from 2025 to 2035, indicating a strong future for integrated video management solutions.

    Regulatory Compliance and Standards

    Regulatory compliance and standards play a crucial role in shaping the Global Video Management Software Market Industry. Governments worldwide are implementing stringent regulations regarding data protection and privacy, necessitating the adoption of compliant video management solutions. Organizations must ensure that their video surveillance practices adhere to legal requirements, which often include guidelines on data storage, access, and retention. This compliance-driven approach is likely to drive demand for advanced video management software that offers robust security features and audit trails. As organizations strive to meet these regulatory demands, the market is expected to witness sustained growth, reflecting the increasing importance of compliance in video surveillance.

    Growing Adoption in Emerging Markets

    The Global Video Management Software Market Industry is witnessing a notable increase in adoption within emerging markets. Countries in Asia-Pacific, Latin America, and Africa are experiencing rapid urbanization and economic development, leading to heightened security concerns. As a result, there is a growing investment in video surveillance systems to address these challenges. The expansion of infrastructure projects and the rise of smart city initiatives in these regions further drive the demand for video management software. This trend suggests a promising future for the industry, as emerging markets are likely to contribute significantly to the overall growth trajectory, enhancing the global landscape of video management solutions.

    Increasing Demand for Security Solutions

    The Global Video Management Software Market Industry experiences a surge in demand for security solutions across various sectors. Organizations are increasingly adopting video surveillance systems to enhance security measures and ensure safety. This trend is particularly evident in sectors such as retail, banking, and transportation, where the need for real-time monitoring is paramount. The market is projected to reach 21.6 USD Billion in 2024, reflecting a growing recognition of the importance of video management systems in safeguarding assets and personnel. As security threats evolve, the reliance on advanced video management software is likely to intensify, driving further growth in the industry.

    Technological Advancements in Video Analytics

    Technological advancements in video analytics significantly contribute to the expansion of the Global Video Management Software Market Industry. Innovations such as artificial intelligence and machine learning enhance the capabilities of video management systems, enabling more sophisticated analysis of video feeds. These technologies facilitate features like facial recognition, object detection, and behavior analysis, which are increasingly sought after by organizations aiming to optimize security and operational efficiency. As these technologies become more accessible, the market is expected to grow substantially, with projections indicating a rise to 131.1 USD Billion by 2035. This growth underscores the potential of video analytics to transform traditional surveillance into proactive security measures.

    Market Segment Insights

    Video Management Software Solution Insights

    The Video Management Software market segmentation has been segmented by solution into Video Intelligence/Analytics, Case Management and Navigation Management. The video intelligence/analytics segment dominated the market growth in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Solutions like traffic monitoring and management, transportation and logistics, and retail consumer analytics all heavily rely on video analytics. Additionally, video analytics is employed for perimeter monitoring using virtual tripwires, people counting, facial recognition, and motion detection.

    Video Management Software Technology Insights

    The Video Management Software market segmentation has been segmented by technology into Analog-based and IP-based. The IP-based segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Video surveillance is being revolutionized by IP cameras because of their many benefits, including their low cost, exceptional image quality, and scalability. One of the major reasons propelling the market's revenue growth is the increasing adoption of IP cameras by end-use businesses and industries.

    Video Management Software Deployment Insights

    The Video Management Software market data has been segmented by deployment into Cloud-Based and On-Premise. The on-premise segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Users can deploy the software to their workstations or servers inside the facility and integrate several cameras that have been installed on a site with an on-premise VMS system.

    Figure 2: Video Management Software Market by deployment, 2021 & 2030 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Video Management Software Market Research Report - Global Forecast to 2030

    Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America Video Management Software market accounted for USD 5.3 billion in 2021 and is expected to exhibit a 42.90% CAGR during the study period. One of the key factors influencing the demand for video management software in North America is the existence of a strong partner ecosystem made up of resellers, distributors, consultants, and integrators, along with the increased adoption of emerging technologies like big data analysis, cloud computing, IoT, AI, and other analytical tools.

    Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: VIDEO MANAGEMENT SOFTWARE MARKET SHARE BY REGION 2021 (%)Video Management Software Market

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Asia Pacific Video Management Software market accounts for the fastest growing market share due to the growing use of cloud-based VMS in developing nations like China and India. The market is expected to be driven by the growing use of video management software in smart city projects for solutions like traffic monitoring, surveillance, and intelligent transportation systems, especially in developing nations like China and India. Further, the China Video Management Software market held the largest market share, and the India Video Management Software market was the fastest-growing market in the region.

    Europe Video Management Software market is expected to grow at a substantial CAGR from 2022 to 2030. This can be attributed to both the region's expanding use of top-tier IP-based oversight and surveillance technology and the presence of key industry participants. Moreover, UK Video Management Software market held the largest market share, and the Germany Video Management Software market was the fastest-growing market in this region

    Key Players and Competitive Insights

    Major market players are spending a lot on R&D to increase their product lines, which will help the Video Management Software industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations. Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.

    One of the primary business strategies manufacturers adopt in the Video Management Software industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, Video Management Software industry has provided medicine with some of the most significant benefits. The Video Management Software market major player such as Avigilon Corporation, BCD Video, Bosch GmbH, Dahua Technology Co and Axis Communications AB.

    German multinational engineering and technology business Robert Bosch GmbH, also known as Bosch and styled as BOSCH, is headquartered in Gerlingen, Germany. Robert Bosch established the business in Stuttgart in 1886. The charity organisation Robert Bosch Stiftung owns 92% of Bosch. In April 2021, Bosch launched the 12- or 20-megapixel FLEXIDOME multi/0001 camera family, which includes IR and non-IR versions. It generates extraordinarily thorough multidirectional overviews.

    Chinese business Dahua Technology USA Inc. has its main office in Hangzhou's Binjiang District. The business makes equipment for video surveillance. PTZ cameras, HDCVI cameras, HDCVI recorders, network recorders, network cameras, explosion-proof & anti-corrosion, and thermal cameras are among the company's products. Additionally, the business offers solutions for the construction, banking & finance, traffic, and other industries.

    Key Companies in the Video Management Software Market market include

    Industry Developments

    • Q2 2024: Genetec launches Security Center SaaS, a new unified, open, and modular cloud platform Genetec announced the launch of Security Center SaaS, a new cloud-based video management and access control platform designed to help organizations unify their security operations and scale deployments efficiently.
    • Q2 2024: Eagle Eye Networks Announces $100 Million Growth Investment from Accel-KKR Eagle Eye Networks, a global leader in cloud video surveillance, secured a $100 million growth investment from private equity firm Accel-KKR to accelerate product innovation and global expansion.
    • Q2 2024: Axis Communications introduces AXIS Camera Station Pro, a new video management software Axis Communications launched AXIS Camera Station Pro, a new VMS platform designed for large-scale and enterprise video surveillance deployments, offering enhanced scalability and integration capabilities.
    • Q2 2024: Rhombus Systems raises $40M Series C to expand AI-powered video security platform Rhombus Systems, a provider of cloud-managed video security solutions, raised $40 million in Series C funding to accelerate development of its AI-driven video management software and expand its market reach.
    • Q3 2024: Milestone Systems appoints Thomas Jensen as new CEO Milestone Systems, a leading provider of open platform video management software, announced the appointment of Thomas Jensen as its new Chief Executive Officer, effective July 2024.
    • Q3 2024: Avigilon launches Avigilon Unity Video 8.0 with advanced AI analytics Avigilon, a Motorola Solutions company, released Avigilon Unity Video 8.0, the latest version of its video management software, featuring enhanced AI-powered analytics and improved cybersecurity features.
    • Q3 2024: Hanwha Vision partners with AWS to deliver cloud-based video management solutions Hanwha Vision announced a strategic partnership with Amazon Web Services (AWS) to develop and deliver cloud-native video management software solutions for enterprise and public sector customers.
    • Q4 2024: Qognify launches Qognify VMS 8.2 with enhanced cybersecurity and cloud integration Qognify introduced version 8.2 of its video management software, adding new cybersecurity features and expanded cloud integration to support hybrid and multi-site deployments.
    • Q4 2024: March Networks unveils new cloud-managed video management platform March Networks launched a new cloud-managed video management platform aimed at simplifying deployment and management for multi-site enterprises and retail customers.
    • Q1 2025: Verkada raises $80 million in Series D funding to expand video security platform Verkada, a provider of cloud-based video security and management solutions, raised $80 million in Series D funding to accelerate product development and international expansion.
    • Q1 2025: Axis Communications opens new R&D center in Singapore to drive VMS innovation Axis Communications opened a new research and development center in Singapore focused on advancing video management software technologies and supporting regional growth.
    • Q2 2025: Genetec and Siemens announce partnership to deliver integrated building and video management solutions Genetec and Siemens announced a partnership to integrate Genetec's video management software with Siemens' building automation systems, aiming to provide unified security and facility management for enterprise customers.

    Future Outlook

    Video Management Software Market Future Outlook

    The Global Video Management Software Market is projected to grow at a 17.82% CAGR from 2024 to 2035, driven by increasing demand for security solutions and advancements in AI technology.

    New opportunities lie in:

    • Develop AI-driven analytics tools for enhanced video insights.
    • Expand cloud-based solutions to improve accessibility and scalability.
    • Create integrated platforms for seamless video surveillance and management.

    By 2035, the market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Video Management Software Regional Outlook (USD Billion, 2018-2030)

    • US
    • Canada

    Video Management Software Solution Outlook (USD Billion, 2018-2030)

    • Video intelligence/analytics
    • Case Management
    • Navigation Management

    Video Management Software Deployment Outlook (USD Billion, 2018-2030)

    • Cloud-based
    • On-premise

    Video Management Software Technology Outlook (USD Billion, 2018-2030)

    • Analog-based
    • IP-based

    Report Scope

    Attribute/Metric Details
    Market Size 2021 USD 12.5 Billion
    Market Size 2022 USD 14.9 Billion
    Market Size 2030 USD 53.1 Billion
    Compound Annual Growth Rate (CAGR) 19.82% (2022-2030)
    Base Year 2021
    Forecast Period 2022-2030
    Historical Data 2018 & 2020
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Solution, Technology, Deploymwnt, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Avigilon Corporation, BCD Video, Bosch GmbH, Dahua Technology Co and Axis Communications AB
    Key Market Opportunities The rising demand for video surveillance and surveillance of international borders and increasing requirements for facial recognition systems to monitor infected individuals are expected to raise market revenue
    Key Market Dynamics The widespread increase in the need for surveillance solutions across the globe between several verticals and the substantial growth in digitalization paved the way for the growth of IP video management systems.

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    FAQs

    How much is the Video Management Software market?

    The market size was expected to be USD 12.5 billion in 2021

    What is the growth rate of the Video Management Software market?

    The market is expected to register a CAGR of ~19.82% over the next ten years.

    Which region held the largest market share in the Video Management Software market?

    North America held the largest market share in the market.

    Who are the key players in the market?

    Avigilon Corporation, BCD Video, Bosch GmbH, Dahua Technology Co and Axis Communications AB are the key players in the market.

    Which technology led the Video Management Software market?

    The IP-based category led the segment in the market.

    Which deployment category had the largest market share in the Video Management Software market?

    The on-premise category had the largest market share in the market.

    Video Management Software Market Research Report - Global Forecast to 2030 Infographic
    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne Founder
    Case Study

    Chemicals and Materials