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Video Management Software (VMS) Market Size By Component (Solution [Advanced Video Management, Data Integration, Mobile Application, Custom Application Management, Case Management, Security Management], Services [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Technology (IP-based, Analog-based), By Application (BFSI, Government & Defense, Healthcare, IT & Telecom, Education, Media & Entertainment, Retail), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

  • Report ID: GMI1623
  • Published Date: Jul 2022
  • Report Format: PDF

Industry Trends

Video Management Software Market size exceeded USD 4 billion in 2021 and is estimated to grow at over 20% CAGR from 2022 to 2030.
 

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Government initiatives for national security and public safety during activities including terrorist attacks and global outbreaks including COVID-19 are expected to facilitate the consistent market growth. The rapid proliferation of advanced technologies, such as computer vision and video analytics, will contribute largely toward reshaping the industry dynamics.
 

Due to the COVID-19 pandemic, organizations witnessed increased stress on the security of physical & capital assets. High-performance enterprise-grade video management software can help security agencies with facial recognition, vehicle license plate information, and behavioral analytics to highlight a person of interest. This solution also helps federal agencies in efficiently securing and analyzing tamper-proof surveillance videos for digital forensics.
 

The Russia-Ukraine war has adversely affected the supply chain of semiconductor chips, which are required in the backend hardware of VMS such as IP cameras and DVR. Russia manufactures several raw materials for surveillance camera chips such as aluminum, zinc, silver, and others. As of March 2022, Russia has a control of 3% - 4% of copper, 6% - 7% aluminum & nickel, and 14% - 15% of platinum. The disruption of raw materials will moderately affect the VMS market statistics.
 

High mobility of smartphone-based VMS solution in the UK

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Based on solution, the UK mobile application segment is slated to witness substantial growth rate of around 25% through 2030 owing to the extensive usage of smartphones for viewing real-time video feeds. Mobile-based VMS allows users to access video servers remotely at any time using public IP or private IP. Cameras from different video recorders or servers spread across different locations can be grouped and sequenced for easy video monitoring, further fueling the market expansion.
 

Growing adoption of cloud VMS solutions across the U.S.

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In the U.S., the cloud deployment model held nearly 40% of the video management software market share in 2021 and is slated to register a prominent gain through 2030. Growth is attributed to the increasing proliferation of cloud networks for the storage of surveillance feed. Cloud-based VMS systems can manage both analog and IP video signals simultaneously. They also enable enterprises to integrate their traditional VMS solutions with the features of cloud-based solutions. The rapidly growing shift toward virtualized platforms will push the usage of cloud-based VMS, thus positively impacting the overall market revenue.
 

Easy use and high affordability of analog-based VMS systems

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In China, the analog technology segment captured a significant chunk of the video management software market, accounting for about 45% share in 2021. Analog-based solutions are easy to run, sending recordings to a DVR, which then converts the analog to digital and stores it. Although analog cameras have lower overall video quality compared to their IP counterparts, they perform robustly in low light conditions, making them lucrative for night surveillance. The affordability and lower cost of analog cameras continue to be major driving forces behind the market expansion of the analog VMS segment in the country.
 

Surging cases of shrinkage and supply chain losses across the German retail sector

In Germany video management software market, the retail application segment is slated to register 30% CAGR from 2022 to 2030. It was estimated that shoplifting and in-store shrinkage cost over USD 5 billion to German retailers in 2021. VMS provides retailers with capabilities that prevent stock loss and shrinkage, enhancing the overall operations of an organization. VMS solutions include video analytics capabilities to improve the system effectiveness including smart video motion detection, queue length analysis, traffic direction, abandoned object analysis, and post object search.
 

Rising crime rates and illegal immigration in Europe

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Europe accounted for around USD 1 billion market revenue in 2021. Rising terrorism, mass robbery, and illegal immigration is likely to propel the regional market growth. The rising public security concerns due to frequent terrorist attacks in the EU countries are enabling government authorities to form stringent public policies and adopt advanced surveillance systems. For instance, the Russian government is using advanced technologies including facial recognition systems to mitigate the risk of crimes along with controlling the impact of the COVID-19 outbreak.
 

Continuous innovation is the key strategy

Key players operating in the video management software market are focusing on new product development strategies to strengthen their product portfolios and increase customer acquisition. For instance, in December 2021, Senstar launched the E5000 Physical Security Appliance, a hardware & VMS solution. The new launch combined the hardware with Senstar symphony and is available in two models with 8 or 16 base VMS licenses. Avaya’s UCC customers have access to critical communication tools, resources, and expertise designed to increase business recognition & growth. Several acquisitions are enabling further consolidation of the market as industry leaders are strategically acquiring companies that can complement their existing product lines and enhance their value proposition.
 

Some of the major VMS market participants are 3VR Security, Inc. (Identiv, Inc.), A&H Software House, Inc. (Luxriot.), Aimetis Corporation (Senstar), Avigilon Corporation (Motorola Solutions Inc.), Axis Communications AB (Canon Inc.), Axxonsoft, Inc., Bosch Security Systems LLC, Cathexis Technologies Pty Ltd., Cisco Systems, Inc., Exacq Technologies, Inc., Genetec Inc., Hanwha Techwin Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd. (Hikvision), Honeywell International, Inc., iMotion Security, Intelligent Security Systems, Inc. (ISS), Johnson Controls International Plc, Kedacom, March Networks Corporation, Milestone Systems A/S, Mindtree Limited, Netposa Technologies Ltd., Qognify Ltd., Panasonic Corporation, Pelco, Inc., Salient Systems Corporation, Verint Systems Inc., VIVOTEK Inc., and Zhejiang Dahua Technology Co., Ltd.
 

This video management software (VMS) market research report on includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2030 for the following segments:

Market, By Component

  • Solution
    • Advanced Video Management
    • Data Integration
    • Case Management
    • Mobile Application
    • Storage Management
    • Others
  • Service
    • Professional Services
    • Managed Services

Market, By Deployment Model

  • On-premise
  • Cloud

Market, By Technology

  • IP-based
  • Analog-based

Market, By Application

  • BFSI
  • Government & Defense
  • Healthcare
  • IT & Telecom
  • Tourism & Hospitality
  • Education
  • Retail
  • Others

 

Authors: Preeti Wadhwani, Smriti Loomba

Frequently Asked Questions (FAQ) :

The market size of video management software surpassed US$ 4 billion by 2021 and could expand at a strong 20% CAGR over 2022-2030, says this GMI report.
UK VMS market from mobile application solutions will see nearly 25% growth rate through 2030, with increased use of smartphones to view video feeds in real-time and the ability to access video servers remotely.
The cloud deployment model accounted for around 40% of U.S. VMS market share in 2021, which will grow due to a shift towards virtualization platforms and increased need for reliable surveillance feed storage.
Germany VMS industry from retail applications is projected to witness around 30% CAGR over 2022-2030 owing to the demand for video analytics solutions, capability to avoid stock loss or shrinkage and improve overall business operations.
Some of the major companies offering VMS solutions worldwide include Cisco Systems, Inc., Johnson Controls International Plc, Axxonsoft, Inc., Bosch Security Systems LLC, 3VR Security, Inc. (Identiv, Inc.), Panasonic Corporation, and Hangzhou Hikvision Digital Technology Co., Ltd., among many others.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 29
  • Tables & Figures: 421
  • Countries covered: 17
  • Pages: 320
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