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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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI1623  |  Authors: Preeti Wadhwani, Sachin Kasnale

Report Format: PDF  |  Pages: 316  |  Base Year: 2019




Industry Trends

Video Management Software Market size exceeded USD 3 billion in 2019 and is poised to grow at a CAGR of over 18% between 2020 and 2026. The market growth is attributed to increasing demand for intrusion and threat detection across government organizations, military, corporate buildings, airports, and seaports.
 

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Video-based surveillance protects critical infrastructure through AI-based surveillance automation with real-time detection, tracking, and classification. The growing threat of residential crimes and thefts has driven private consumers toward the adoption of VMS solutions to enhance the safety of their homes.
 

The current COVID-19 outbreak is expected to impact the video management software market demand. The surging demand for video monitoring and surveillance of international borders along with growing requirements for facial recognition systems to track infected persons are expected to boost the market revenue. Government authorities are using analytical capabilities of VMS solutions to take precautions including social distancing and sanitization to avoid the spread of COVID-19 disease.
 

Demand to speed up the investigation process is supporting case management segment growth in the U.S. market

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In the U.S. video management software market, the case management solution segment is anticipated to observe around 17% growth rate through 2026 impelled by growing demand for visual evidences to accelerate the crime investigation process. The increase in digital surveillance owing to increasing penetration of surveillance cameras is further supporting the demand for case management solutions.
 

Case management solutions simplify collaboration between public and corporate security departments to close investigations faster. The case management solution allows immediate access to evidence at a single click and guarantees that information is only shared with authorized departments. The management of all cases and files from a single application enables organizations to reduce the cost of copying evidence to DVDs and shared drives. The market growth can be credited to growing demand from security departments for solving cases by collecting evidence information over a single platform.
 

On-premise deployment model held the highest market revenue share in the UK in 2019

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The on-premise deployment model held a UK market share of over 60% in 2019 due to increasing concerns of data security on the cloud. On-premise VMS solutions are suitable for managing video surveillance of a single site. In an on-premise deployment model, different video devices and applications, such as streaming, recording & management servers, and storage devices & applications, are installed locally on-site. This allows users to manage their security and connected device ecosystems from the site itself.
 

IP-based VMS solutions are gaining popularity across different sectors in Brazil

In Brazil, the IP-based technology is expected to dominate around 70% video management software market share by 2026 on account of growing popularity of IP-based cameras. IP video technology is having a greater impact on video surveillance solutions. The increasing adoption of IP-based cameras is supporting the growing market demand for IP-based VMS solutions. IP-based VMS provides benefits such as enhanced image quality, remote & mobile monitoring, flexible & scalable systems, advanced intelligent video, and low total cost of ownership. Data security-related issues of analog-based systems are supporting the market growth of IP-based solutions.
 

Government and defense sectors in South Africa are deploying VMS solutions to ensure effective national security

In 2019, the government and the defense sector accounted a market revenue share of over 30% in South Africa due to growing need for video surveillance to protect national security. Government authorities are deploying proactive VMS solutions to protect their important facilities and international borders. Government authorities have the responsibility to protect their citizens and national property. This increasing threat to national security is enabling government authorities to deploy advanced video surveillance solutions.
 

Asia Pacific video management software market will grow rapidly till 2026

Asia Pacific market size is estimated to witness growth of more than 20% during the forecast period led by development of advanced video technologies. For instance, in February 2020, the government authorities in China used advanced technologies including AI-based facial recognition cameras and big data for tracking coronavirus victims.
 

The authorities collected data from mass surveillance systems to track the travel history. Additionally, authorities used facial recognition technology integrated with CCTV cameras to detect individuals wearing masks and with mild fever. The government authorities are required to take significant safety measurements for the safety of citizens. This is expected to drive market growth in the region. The recent COVID-19 outbreak in China is supporting the demand for VMS solutions across the healthcare industry.
 

Integrating advanced technologies into video surveillance solutions is the key market strategy adopted by major players

The companies operating in the industry are focusing on incorporating new technologies and supporting third-party surveillance equipment through integration of their VMS solutions with other video equipment. For instance, in April 2020, Axis Communications AB extended the support of its VMS solution for third party audio products and network speakers. The new integration complements the reliability of its video surveillance products by sending live announcements, which can deter potential criminals and intruders.
 

The major industry players 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. (On Net Surveillance Systems), Panasonic Corporation, Pelco, Inc., Salient Systems Corporation, Verint Systems Inc., VIVOTEK Inc., and Zhejiang Dahua Technology Co., Ltd.
 

The market research report on video management software includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 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 and Hospitality
  • Education
  • Retail
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • GCC
       

Frequently Asked Questions (FAQ) :

The market size of video management software was valued over USD 3 billion in 2019.
The industry share of video management software is projected to witness 18% growth rate during 2020 to 2026.
Asia Pacific market size is estimated to witness growth of more than 20% during the forecast period led by development of advanced video technologies.
In the U.S., the case management solution segment is anticipated to observe around 17% growth rate through 2026.
The on-premise deployment model dominated the UK market with over 60% share in 2019 due to increasing concerns of data security on the cloud.
Government authorities are using analytical capabilities of VMS solutions to take precautions including social distancing and sanitization to avoid the spread of COVID-19 disease.