Global Video Management Software Market by Deployment (On-Premise, Cloud) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

Global video management software market was worth USD 1,487.0 millions in 2018. It is expected to grow at 18.8% between 2019 and 2025. Video management software is used to collect and store video recordings data. It is an integral part the surveillance and security system. It can also be used to view and access recorded or live videos. VMS solutions use electronic equipment like Closed-Circuit Television cameras (CCTV) and Internet Protocol (IP), network cameras to monitor individuals and their activities. This facilitates security, inspection and safety.

Video management software can be easily integrated with a variety of third-party devices and solutions, such as fire alarm systems and data analytics, intrusion detection systems, and other security systems to increase the system's capabilities. The software can provide multiple camera views to facility managers, which aids them in dealing with emergencies. These features allow the software to capture high definition videos that can be used by law enforcement agencies to identify, track and arrest criminals. VMS is being increasingly used to enhance the security of residential, commercial, and public areas.

Unified VMSs can combine analog and IP video technology and provide customers with an economical way to increase and improve their surveillance operations. The surveillance needs of customers and the area being monitored can dictate how many cameras can be integrated into a video management system. It also helps with critical administrative tasks such as asset monitoring, threat detection, video analysis, and threat detection. The demand for video management software will increase due to the growing adoption of IP network cameras and CCTV cameras in security and surveillance markets.

VMS integration with third-party solutions and devices has been made possible by the implementation of standards like Open Network Video Interface Forum and Physical Security Interoperability Alliance. VMS market growth is also due to rising security concerns and increased penetration of video surveillance to enhance situational awareness. Market growth is also expected to be supported by a substantial increase in cross-border adoption of video management software. The adoption of video management software will be hindered by growing concerns about the privacy and storage of high resolution videos and recordings.

Technology Insights

The market for video management software can be divided into three segments based on technology: analog-based VMS (IP-based), and hybrid VMS (hybrid VMS). Due to widespread deployment of traditional video surveillance systems by corporations and governments for security improvements, the hybrid VMS segment dominated 2018's market. To enhance their analog surveillance system functionality and provide superior monitoring capabilities, customers have integrated new IP-based devices. This is a key reason for the increased demand for hybrid video management software.

The fastest growth is expected to be in the IP-based VMS market over the forecast period. This is due to the increasing trend to replace analog-based surveillance and video monitoring systems with IP-based VMS. Governments are also using IP-based VMS to monitor and manage smart cities projects. Open platform video management software integrates IP cameras with analytic features like License Plate Recognition (LPR), Accident detection (AD), and Motion detection. This improves the functionality and provides superior business intelligence to surveillance systems.

Solution Insights

The market for video management software can be divided into video analytics and custom solution management. Storage management, data management, data integration, data management, navigation management, intelligence streaming, custom management, security management, etc. Due to widespread adoption of video surveillance and monitoring systems, the data integration segment dominated 2018's market. Automatic number plate recognition systems are also contributing to the growth of data integration. VMS integration is required for automatic number plate recognition systems to allow functions such as recording and analysing video streams.

Video analytics is expected to be the fastest-growing segment during the forecast period. Video analytics is crucial in traffic monitoring and management, transport & logistics, retail customer analytics, and other solutions. Video analytics can also be used for motion detection, people counting facial Recognition and perimeter monitoring via virtual tripwires. Video analytics is also being used in applications like satellite imagery and spatial data analytics, which will further increase the segment's growth.

Information on Deployment

The market for video management software can be divided into two segments based on how it is deployed. In 2018, the on-premise segment was dominant. On-premise VMS solutions allow users to connect multiple cameras on a site, and then deploy the software from their workstations or servers. On-premise VMS has some drawbacks. These include the high upfront purchase, integration and deployment costs due to the large equipment investment. The cost of ownership is lower because there are no subscription fees.

Over the forecast period, cloud-based VMS segments is expected to experience high growth. This is due to increasing usage of cloud-based solutions by small, medium and large enterprises. Cloud data storage technology and high-speed Internet connectivity have made it possible to transfer and store high-resolution multimedia content faster. Cloud-based VMSs are hosted off-site, and data from the cameras can be retrieved via an Internet connection provided to a service provider.

End-Use Information

The market for video management software is classified by end-use. It can be divided into BFSI (business, finance, insurance, healthcare, manufacturing and retail), IT & telecom, media & entertainment and education. Due to the growing trend of recorded content streaming and remote classrooms, the education segment will see significant growth during the forecast period. Video management software is used in the Learning Management System, which is software that documents, manages, reports, tracks, and delivers educational courses or training programs. Market growth will also be driven by government regulations that allow for CCTV cameras to be installed in schools and colleges. In November 2016, for example, the Government of Assam (a state in India) made it mandatory that schools and colleges install CCTV cameras on campus.

In 2018, the market was dominated by the government segment. The government segment dominated the market in 2018. It is expected to grow rapidly over the forecast period due to widespread adoption of video management software for infrastructure and logistics sectors. Other factors that are expected to drive segment growth include rapid industrialization, smart city development, smart manufacturing, telemedicine and online streaming, as well as the development of infrastructure and logistics in developing countries. To facilitate industrial growth, developing countries have built a vast network of roads and railways.

Regional Insights

In 2018, North America was the dominant market for video management software. The dominance of key industry players as well as increased adoption of high-end IP surveillance and monitoring systems in the region can be attributed to this. March Networks (Canada), Exacq Technologies, Identiv, Inc., Verint Systems, Genetec Inc., and Salient Systems Corporation are some of the key players in this market. A strong partner network of distributors, integrators, and consultants is a key factor in driving North American demand for video management software.

Asia Pacific will be the fastest growing market for video management software due to the increasing adoption of cloud-based VMSs in emerging markets like India and China. Market growth is expected to be driven by the increasing use of video management software in smart cities projects for intelligent transport systems, surveillance systems and traffic monitoring systems. This is especially true in developing countries like India and China. Market growth will also be driven by the Government of India's initiative to develop 100 smart cities that have both centralized and independent command and control centers. The market growth is expected to be aided by the high number of smart cities projects in China, as well as the government's focus from 2016 to 2020 on developing 100 new smart towns.

Video Management Software Market Share insights

AxxonSoft, Inc., Verint Systems, Milestone Systems, Qognify Inc., Exacq Technologies, Inc., Magal Security Systems Ltd., Identiv, Inc., Panasonic Corporation, Genetec Inc., March Networks, Salient Systems Corporation are some of the key industry players in the video management software market. Many market leaders are developing new technologies and solutions that provide real-time insights and information. AxxonSoft, Inc. integrated Intellect Enterprise Physical Security Information Management, (PSIM), and Axxon Next gen VMS with Dahua EcoSavvy 3.0 cameras in order to allow users to capture H.265 video. Panasonic's VMS was launched with a single management interface to enhance enterprise-level surveillance. The VMS now features an automated failover, access control integration and health monitor. It also includes a Software Development Kit (SDK)

Qognify Inc., formerly On-Net Surveillance Systems, has updated its Ocularis VMS platform with a mobile and web solution. It also includes dewarping support for wide-angle photos and automatic bandwidth optimization. Milestone's XProtect 2016 R3 MMS now offers advanced features like situational navigation, video compression, cybersecurity enhancement and a lower cost of ownership.

Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2014 to 2025. Grand View Research has divided the global video management system market report by technology, solution deployment, end-user and region.

• Technology Outlook (Revenue USD Million, 2014-2025)

  • Analog-Based VMS

  • IP-Based VMS

  • Hybrid VMS

• Solution Outlook (Revenue USD Million, 2014-2025)

  • Video Analytics

  • Application Management

  • Storage Management

  • Data Integration

  • Navigation Management

  • Intelligent Streaming

  • Security Management

  • Other

• Forecast for Deployment (Revenue, USD million, 2014-2025)

  • On-premise

  • Cloud

• End-Use Outlook (Revenue USD Million, 2014-2025)

  • BFSI

  • Government

  • Healthcare

  • Manufacturing

  • Retail

  • IT & Telecommunication

  • Entertainment and Media

  • Education

  • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

  • Middle East & Africa

Up Market Research published a new report titled “Video Management Software Market research report which is segmented by Deployment (On-Premise, Cloud), By Players/Companies consultants, coupled with increased adoption of emerging technologies such as big data analysis, Salient Systems Corporation (US) The presence of strong partner ecosystem consisting of resellers, integrators, Exacq Technologies (US), Genetec Inc (US), March Networks (Canada), other analytical tools, is also one of the major factors driving the demand for video management software in North America, distributors, Verint Systems (US), cloud computing, Identiv, AI, Inc (US), IoT”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Video Management Software Market Report Segments:

The market is segmented by Deployment (On-Premise, Cloud).

Video Management Software Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Video Management Software Market

Overview of the regional outlook of the Video Management Software Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Video Management Software Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Video Management Software Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. On-Premise

                2. Cloud

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Video Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Video Management Software Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.