Global Video Management Software Vms Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2023 –2030 |
 Market Size (Base Year) |
USD 6.90 Billion |
 Market Size (Forecast Year) |
USD 32.68 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Video Management Software (VMS) Market, By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Component (Solutions, Services), Technology (Analog Based Video Management Software And IP Based Video Management Software), Vertical (Banking, Financial Services, And Insurance (BFSI), Government, Healthcare And Life Sciences, Manufacturing And Automotive, Retail, Transportation And Logistics, Media And Entertainment, Telecom and Information Technology (IT), Education, Real Estate, Energy And Utility, Tourism And Hospitality, Others) - Industry Trends and Forecast to 2030.
Video Management Software (VMS) Market Analysis and Size
The retail application segment is anticipated to experience a 30% CAGR in the German video management software market between 2022 and 2030. Shoplifting and in-store shrinkage are predicted to cost German merchants more than USD 5 billion in 2021. VMS gives merchants the tools to stop stock loss and shrinkage, improving an organization's overall operations.
Global video management software (VMS) market was valued at USD 6.9 billion in 2022 and is expected to reach USD 32.68 billion by 2030, registering a CAGR of 21.46% during the forecast period of 2023-2030. “Solution” segments accounts the highest market share owing to the increasing usage of software as a services tools among the consumer. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023-2030 |
|
Base Year |
2021 |
|
Historic Years |
2020 |
|
Quantitative Units |
Revenue in USD billion, Volumes in Units, Pricing in USD |
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Segments Covered |
Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Component (Solutions, Services), Technology (Analog Based Video Management Software And IP Based Video Management Software), Vertical (Banking, Financial Services, And Insurance (BFSI), Government, Healthcare And Life Sciences, Manufacturing And Automotive, Retail, Transportation And Logistics, Media And Entertainment, Telecom and Information Technology (IT), Education, Real Estate, Energy And Utility, Tourism And Hospitality, Others) |
|
Countries Covered |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of the Middle East and Africa |
|
Market Players Covered |
Robert Bosch GmbH (Germany), Hanwha Techwin Co., Ltd. (South Korea), Honeywell International Inc. (U.S.), Schneider Electric (France), Axis Communications AB (Sweden), Johnson Controls (Ireland), Hangzhou Hikvision Digital Technology Co., Ltd. (China), NetApp (U.S.), Dahua Technology USA Inc. (China), KEDACOM (China), Verint Systems Inc. (U.S.), Mindtree Ltd. (India), AxxonSoft. (U.S.), eInfochips (U.S.), Avigilon Corporation (Canada), Panasonic Corporation (Japan), Panopto (U.S.), Backstreet Surveillance (U.S.), Eagle Eye Solutions Group Plc. (U.S.), Arcules, Inc. (U.S.) |
|
Market Opportunities |
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Market Definition
A surveillance system's video management software helps to record and monitor various camera feeds and set alerts in the event of tampering and motion detection. Video management software locates and connects to all IP cameras on the network to give a dependable and secure connection to the cameras.
Video Management Software (VMS) Market Dynamics
Drivers
- Security and surveillance features
The security and surveillance industry is changing, and this tendency points to a greater reliance on technological advances. The rise in demand for CCTV cameras is another indicator of growing security and surveillance worries. Leading businesses provide a variety of products, including 8-megapixel CCTV cameras. In addition to IP-powered cameras, the vast selection of CCTV security and surveillance cameras also includes models with night vision or colored night vision. The market for video management software is growing as a result.
- Increased number of crimes and threats
Security organizations continue to exercise caution when disclosing the scope of their monitoring operations for public review. There is no question that giving law enforcement more surveillance power aids in the prevention of some crimes, but there is also a chance for abuse or a risk to people' rights. Numerous significant terrorist acts over the past 20 years have sparked debate about the usage of various surveillance technology. The use of novel technologies for pre-emptive security and surveillance is therefore, bolstering the growth of the market.
Furthermore, the factors such as rising urbanization, industrialization and mounting awareness among organizations to comply with the regulations and standards related to payment services are some other important market drivers. In addition, growing support by the government on the promotion of the technology and solutions and increasing per capita income are anticipated to drive the growth rate of the market.
Opportunities
- Rising adoption of advanced technologies
Artificial intelligence and machine will truly benefit the market in the long run. Such advanced technologies offer greater degree of security and safeguards the crucial information of the user. Advanced analytics and video analytics offer security and safety against proactive risks and therefore, this will spread a positive word of mouth for the transaction monitoring technology on a global scale.
- Growth and expansion
Growth and expansion of banking and financial services industry especially in the developing economies will present very many opportunities for the growth of the market. In addition, the increasing trend of digitalization further offers numerous growth opportunities within the market. Rising number of end users on daily basis, both at large and small scale and complete digitization of operations will also work in favor of the market.
Restraints/Challenges
- Risk related concerns and issues
As the use of video management solutions increases, there is a chance of cyberattacks and recording hiccups. The security of video footage is a growing concern. Providers of video management solutions must create and offer video management solutions to customers. The security and privacy of video content transmitted across various channels worries video management service providers. Before implementing their plans for employing enterprise video settings, firms must restructure them to accommodate these problems.
- Lack of technical expertise
Dearth of expert knowledge and technical expertise and lack of awareness especially in the underdeveloped economies will create hurdles for the market in regards to the smooth growth in the market value. Additionally, the stringent regulations imposed on the market concerned with the privacy of the general public will further derail the market growth rate.
This video management software (VMS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the video management software (VMS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In October 2023, Axis Communications stated in April 2021 that it was selling Citilog (France), a subsidiary, to TagMaster (Sweden), an application-driven technology company with business interests in rail and traffic solutions. After the purchase closes on April 30, Axis is anticipated to continue working as partners with Citilog and TagMaster
The Global Video Management Software (VMS) Market Scope
The video management software (VMS) market is segmented on the basis of organization size, component, technology, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Organization Size
- Small and Medium-Sized Enterprises,
- Large Enterprises
Component
- Solutions
- Services
Technology
- Analog Based Video Management Software
- IP Based Video Management Software
Vertical
- Banking
- Financial Services and Insurance (BFSI)
- Government
- Healthcare and Life Sciences
- Manufacturing and Automotive
- Retail
- Transportation and Logistics
- Media and Entertainment
- Telecom and Information Technology (IT)
- Education
- Real Estate
- Energy and Utility
- Tourism and Hospitality
- Others
The Global Video Management Software (VMS) Market Region Analysis/Insights
he video management software (VMS) market is analyzed and market size insights and trends are provided by country, organization size, component, technology, and vertical as referenced above.
The countries covered in the video management software (VMS) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is expected to dominate the market due to factors such as the ageing infrastructure, and growing adoption and deployment of cutting-edge IP-based surveillance and monitoring systems. In addition, presence of major players in this region is also bolstering the growth of the market.
Asia-Pacific is expected to show significant growth in the market due to the increasing adoption of cloud-based VMS in APAC nations. In order to encourage economic growth, many nations, notably China, India, and others, are increasing their investments in infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Global Video Management Software (VMS) Market Share Analysis
The video management software (VMS) market is analyzed and market size insights and trends are provided by country, organization size, component, technology, deployment and vertical as referenced above. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global internet backbone services
Some of the major players operating in the video management software (VMS) market are
- Robert Bosch GmbH (Germany)
- Hanwha Techwin Co., Ltd. (South Korea)
- Honeywell International Inc. (U.S.)
- Schneider Electric (France)
- Axis Communications AB (Sweden)
- Johnson Controls (Ireland)
- Hangzhou Hikvision Digital Technology Co., Ltd. (China)
- NetApp (U.S.)
- Dahua Technology USA Inc. (China)
- KEDACOM (China)
- Verint Systems Inc. (U.S.)
- Mindtree Ltd. (India)
- AxxonSoft. (U.S.)
- eInfochips (U.S.)
- Avigilon Corporation (Canada)
- Panasonic Corporation (Japan)
- Panopto (U.S.)
- Backstreet Surveillance (U.S.)
- Eagle Eye Solutions Group Plc. (U.S.)
- Arcules, Inc. (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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