The global video management software market size is expected to reach USD 4.79 billion by 2025, growing at a CAGR of 18.8% from 2019 to 2025. The growing adoption of video surveillance and monitoring software for applications such as facility protection, traffic management, and cross-border activities is the key driver contributing to the market growth. The software is majorly used for the unified management of multimedia content including collection & storage, playback, and streaming functionalities.
The market is anticipated to witness significant growth owing to increasing awareness of the benefits offered by VMS and growing investments in city surveillance as part of the smart city projects. Moreover, the increasing adoption of High-Efficiency Video Coding (HEVC), also known as H.265 video compression standard, coupled with the rising trend of integrating VMS with emerging technologies such as built-in intelligence and deep learning for video analytics is expected to boost the video management software market growth. A unified VMS enables customers to merge analog and IP videos and offers a cost-effective approach to businesses for expanding and improving their surveillance capabilities.
VMS can be integrated with multiple digital cameras depending on the requirements of the customer. With the growing adoption of Closed-Circuit Television (CCTV) cameras and Internet Protocol (IP) network cameras in the security and surveillance market, the demand for VMS is also anticipated to witness significant growth over the forecast period. The software enables customers to enhance situational awareness and monitoring capabilities. High-resolution videos and imagery can also be used by government law enforcement agencies to identify, track, and arrest criminals.
Video Management Software Market Report Highlights
On the basis of technology, the hybrid video management software market segment dominated the market in 2018 led by the widespread introduction of traditional video monitoring systems by governments and companies to boost defense.
The IP-based video management software segment is expected to witness the fastest growth over the forecast period due to the rising trend of replacing conventional analog video monitoring and surveillance systems with IP-based cameras.
Based on the solution, the data integration segment dominated the market in 2018 owing to the wide-scale adoption in video surveillance and monitoring solutions.
The video analytics solution is anticipated to emerge as the fastest-growing segment over the forecast period. Video analytics plays a critical role in solutions such as traffic monitoring & management, transportation & logistics, and retail customer analytics.
On the basis of deployment, the on-premise segment enables users to integrate multiple cameras installed on a site and deploy the software at their workstations or servers within the facility. This segment dominated the market in 2018.
The cloud-based video management software segment is expected to witness high growth over the forecast period owing to the increasing use of cloud-based solutions by small, medium as well as large enterprises.
North America dominated the video management software market and can be attributed to the presence of key industry players and increased adoption of high-end IP-based monitoring and surveillance systems in the region.
The Asia Pacific is projected to emerge as the fastest-growing market for video management software owing to the rising adoption of cloud-based video management software in emerging markets such as China and India.
“Would you Like/Try a Sample Report” Click the link below: https://www.grandviewresearch.com/industry-analysis/video-management-software-market/request/rs1
Grand View Research has segmented the global video management software market based on technology, solution, deployment, end use, and region:
Video Management Software Technology Outlook (Revenue, USD Million, 2014 – 2025)
- Analog-Based VMS
- IP-Based VMS
- Hybrid VMS
Video Management Software Solution Outlook (Revenue, USD Million, 2014 – 2025)
- Video Analytics
- Custom Application Management
- Storage Management
- Data Integration
- Navigation Management
- Intelligent Streaming
- Security Management
Video Management Software Deployment Outlook (Revenue, USD Million, 2014 – 2025)
Video Management Software End Use Outlook (Revenue, USD Million, 2014 – 2025)
- IT & Telecom
- Media & Entertainment
Video Management Software Regional Outlook (Revenue, USD Million, 2014 – 2025)
- Middle East & Africa
List of Key Players of Video Management Software Market
• 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
Have Any Query? Ask Our Experts for More Details on Report: https://www.grandviewresearch.com/inquiry/6603/ibb
Browse Related Report @
Asia Pacific Video Streaming Market – https://www.grandviewresearch.com/industry-analysis/asia-pacific-video-streaming-market
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
Country: United States