The Video Management Software (VMS) Market is anticipated to garner a valuation of USD 28.92 billion by 2027 from its valuation of USD 4.82 billion in 2019, registering a significant CAGR of 20.5% throughout the forecast period. The rising need for enhanced security and the rapid adoption of the CCTV cameras and IP network cameras in the…
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Projected Growth of Video Management Software Market by 2027
The Video Management Software (VMS) Market is anticipated to garner a valuation of USD 28.92 billion by 2027 from its valuation of USD 4.82 billion in 2019, registering a significant CAGR of 20.5% throughout the forecast period. The rising need for enhanced security and the rapid adoption of the CCTV cameras and IP network cameras in the surveillance and security sector is creating an added demand for the video management software, in turn bolstering the growth of the market.
Video management software is an intrinsic segment of the surveillance and security systems, and it is responsible for locating and attaching to all the IP cameras on the network and provides a reliable and secure connection to the cameras. A VMS is typically a software component of the network video recorder (NVR) and digital video recorder. VMS provides additional features such as motion detection, distributed processing, audio, license plate detection, and point of sale integration, among others. A VMS may also provide alerts to the security personnel.
The ability of the video management software to cohesively work with various digital systems, increasing use of mobile applications for real-time access to the videos, and advancements in the technological sector, is further fueling the growth of the video management software market. However, the rising concerns surrounding the privacy and storage of videos and recordings are potential factors hampering the growth of the market
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Key participants include
3VR Inc., Genetec Inc., Milestone Systems Inc., Exacq Technologies, Aimetis Corporation, Mindtree Ltd, Geo Vision Inc., Surveon Technology Inc., Imotion Security Inc., Video Insights Inc., Panasonic Corporation, Qognify Inc., and Salient Systems Corporation, among others.
Further key findings from the report suggest
The Video Management Software (VMS) Market is anticipated to garner a valuation of USD 28.92 billion by 2027 from its valuation of USD 4.82 billion in 2019, registering a significant CAGR of 20.5% throughout the forecast period.
The rising need for enhanced security and the rapid adoption of the CCTV cameras and IP network cameras in the surveillance and security sector is creating an added demand for the video management software, in turn bolstering the growth of the market.
Video management software is an intrinsic segment of the surveillance and security systems, and it is responsible for locating and attaching to all the IP cameras on the network and provides a reliable and secure connection to the cameras.
Video management software is a vital component of the security camera system that records and stores videos, collected through cameras and other sources, to a storage device, and essentially provides an interface to access the live video and recorded videos.
A VMS is typically a software component of the network video recorder (NVR) and digital video recorder. VMS provides additional features such as motion detection, distributed processing, audio, license plate detection, and point of sale integration, among others.
A VMS system generally incorporates electronic equipment like Closed Circuit Television (CCTV) and Internet Protocol (IP). Video management software can also be integrated with several third-party solutions to provide a comprehensive view of the facilities and is hugely beneficial to law enforcement.
The ability of the video management software to cohesively work with various digital systems, increasing use of mobile applications for real-time access to the videos, and advancements in the technological sector, is further fueling the growth of the video management software market.
The data integration segment held the highest share and is anticipated to dominate the market over the coming years due to the extensive adoption of video monitoring and surveillance systems. Video analytics and mobile application segments are also presumed to grow significantly throughout the forecast timeline. This can be attributed to the extensive application of video analytics in facial recognition, motion detection, and retail customer analytics.
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For this report, Reports and Data have segmented into the global Video Management Software (VMS) market on the basis of resin type, composite phases, industry vertical, and region:
By Solutions (Revenue, USD Million; 2017–2027)
Advanced Video Management
Video Intelligence
Case Management
Data Integration
Custom Application Management
Intelligent Streaming
Storage Management
Mobile Application
Security Management
Others
By Deployment (Revenue, USD Million; 2017–2027)
Cloud
On-premise
By Services (Revenue, USD Million; 2017–2027)
Professional
Managed
By Technology (Revenue, USD Million; 2017–2027)
Analog-based VMS
IP-based VMS
Hybrid VMS
By End-User (Revenue, USD Million; 2017–2027)
BFSI
Government
Transportation and Logistics
Media and Entertainment
Healthcare and Life Sciences
Manufacturing and Automotive
Retail
Telecom and IT
Energy and Utilities
Tourism and Hospitality
Education
Real Estate
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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