Video Management Software Market

Video Management Software Market Study by Solutions and Services for IT & Telecom, BFSI, Government, Healthcare & Life Sciences, Manufacturing, and Transportation & Logistics from 2024 to 2034

Analysis of Video Management Software Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Video Management Software Market Outlook (2024 to 2034)

The global video management software market is projected to increase from a size of US$ 5.78 billion in 2024 to US$ 36.38 billion by the end of 2034. According to Fact.MR’s latest market analysis, the market is calculated to rise at a value CAGR of 20.2% from 2024 to 2034.

Video management software solutions are set to gain significant traction due to increasing smart city initiatives across the world and rising investments to deploy analytics-integrated video surveillance systems across law enforcement, banking & financial institutions, and transportation sectors.

Demand for video management software is expected to rise as it offers reliability, cost-effectiveness, and enhanced accuracy. Also, the growing proliferation of video software to lessen crime rates is anticipated to augment the video management software market growth during the forecast period.

Video management software can be easily integrated with various third-party solutions and equipment, such as fire alarm systems, intrusion detection systems, and video analytics, to enhance the capability of the overall surveillance system. Such added features allow the software to offer facility managers various camera views, thus helping them to effectively deal with emergencies. The penetration of advanced technologies such as computer vision and video analytics is anticipated to push the demand for video management software solutions in the coming years.

  • The North American video management software market size is projected to reach US$ 12.73 billion by 2034.
  • East Asia is expected to capture 22% of the global video management software market share in 2024.
Report Attribute Detail
Video Management Software Market Size (2024E) US$ 5.78 Billion
Forecasted Market Value (2034F) US$ 36.38 Billion
Global Market Growth Rate (2024 to 2034) 20.2% CAGR
South Korea Market Value (2034F) US$ 2.1 Billion
Video Management Software Service Demand Growth (2024 to 2034) 20.8% CAGR
Key Companies Profiled VR Security, Inc.; Aimetis Corporation; A&H Software House, Inc.; Hanwha Techwin Co., Ltd.; Honeywell International Inc.; Schneider Electric; Edge360; Qognify`; Avigilon Corporation; NetApp; Dahua Technology; Verint Systems Inc.; Mindtree Ltd.; Axis Communications AB; Bosch Security Systems LLC; Axxonsoft, Inc.; eInfochips; Panasonic Corporation; Panopto; Cathexis Technologies Pty Ltd.; Cisco Systems, Inc.; Johnson Controls; Hangzhou Hikvision Digital Technology Co., Ltd.; Backstreet Surveillance; Eagle Eye Solutions Group Plc.; Arcules, Inc.

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Why Has Popularity of Video Management Software Skyrocketed?

“Integration of Digital Technologies Enhancing Features of Video Management Software Solutions”

The increasing adoption of CCTV cameras and video streaming services is pushing the demand for video management software solutions. Integration of digital technologies such as artificial intelligence (AI) and machine learning (ML) across surveillance systems is emerging as notable video management software market trends.

Retail, healthcare, travel, transportation, and building & construction sectors are driving significant demand for video management software (VMS) solutions. Further, governments across the world are also deploying VMS on a large scale for surveillance.

  • In April 2021, Identiv announced the launch of Velocity Vision, a unified, open-platform video management system manufactured to provide a data-enabled security solution delivering intelligence in a single-pane-of-glass view.

“Emergence of Video Management Software with Real-Time Event Detection Capabilities”

VMS allows live or recorded video streams to classify, detect, and track behavior patterns with predefined objects, which is anticipated to play a significant role in driving their sales growth. Real-time video analytics with high-performance capabilities can assist in transforming standard surveillance networks across intelligent detection and alert systems for static objects, vehicles, or people.

Real-time detection has helped in lessening crimes, thefts, and other criminal activities while boosting overall social situations and the international trade climate, thus promoting the adoption of video management software solutions.

  • In March 2021, MOBOTIX AG strengthened its cooperation with Milestone, a known global producer of video management systems. Together, both organizations launched a new software solution called MOBOTIX HUB.

What’s Expected to Lower the Profits of Video Management Software Producers?

“Data Theft Risks and Privacy Issues Key Concerns”

Increasing concerns regarding the privacy and storage of high-resolution videos and recordings are expected to hamper the sales of video management technologies. Also, the rise in cyberattacks and data breaches on video surveillance cameras, IoT devices, and other connected equipment are other factors that can negatively impact video management software demand growth.

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Start-up Ecosystem

  • Based in Larnaca, Cyprus, Monitoreal is a start-up that offers home security systems. 'Monitoreal Security Assistant Pro', a product offered by Monitoreal, makes use of AI-based smart object detection technology to identify small moving objects from a reasonable distance. This product can even detect objects under poor lighting conditions. Monitoreal Security Assistant Pro can be integrated with video surveillance and other smart action accessories.
  • France-based start-up Veesion offers AI-based video surveillance technology. To detect suspicious behaviors, the company’s technology makes use of deep learning algorithms that recognize body motions in real time.

Country-wise Analysis

How is Presence of Key Market Players Helping the Market in the United States?

“Industry Giants Focused on Offering Advanced Video Management Software Solutions”

Attribute United States
Market Value (2024E) US$ 1.58 Billion
Growth Rate (2024 to 2034) 18.9% CAGR
Projected Value (2034F) US$ 8.91 Billion

The United States is one of the most profitable markets for video management software solutions worldwide. This can be attributed to the presence of established market players in the country.

Some of the prominent providers of video management software solutions in the country are Backstreet Surveillance, Inc., Exacq Technologies, March Networks, Identiv, Inc., Genetec Inc., Verint Systems, and Salient Systems Corporation. The rising adoption of modern technologies such as cloud computing, big data analysis, and other analytical tools, is another vital factor pushing market growth in the United States.

  • In October 2021, Backstreet Surveillance, Inc. announced the launch of the Backstreet Cyber Secure Series, the next generation of advanced IP-based video surveillance systems.

What’s Pushing Adoption of Video Management Software Technologies in European Countries?

“Increasing Data Theft & Piracy and Illegal Immigration Concerns”

Rise in illegal immigration and growing cases of data breaches in European countries such as Germany and the United Kingdom are encouraging government authorities to implement strict rules for the adoption of modern surveillance systems.

What is the Growth Scope for Video Management Software Solutions in Japan?

“More Organizations Opting for Reliable Cloud-Based VMS Solutions”

Attribute Japan
Market Value (2024E) US$ 367.4 Million
Growth Rate (2024 to 2034) 22% CAGR
Projected Value (2034F) US$ 2.67 Billion

Enterprises in Japan are increasingly adopting cloud-based VMS solutions. This can be attributed to the cost-effectiveness and safe data storage reliability of cloud-based VMS technologies. The smart city initiatives are also contributing to the sales growth of video management software solutions in the country.

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Category-wise Analysis

Why is the Need for Video Management Software Services So High?

“Lack of Technical Competence among End-use Industries Pushing Demand for Video Management Software Services”

Attribute Video Management Software Services
Segment Value (2024E) US$ 2.2 Billion
Growth Rate (2024 to 2034) 20.8% CAGR
Projected Value (2034F) US$ 14.55 Billion

The VMS industry is divided into two categories based on services: professional services and managed services. Education, training and certification services, consulting services, planning, implementation and management services, and support and maintenance services are all included in the professional services section.

As most end users lack the technical competence required to store and handle video data, professional service providers offer solutions to this problem. Managed services are those provided by third-party vendors; they help manage an enterprise’s operating difficulties. Overall, the demand for video management software services is high.

What’s Promoting Adoption of Cloud-based Video Management Software Solutions?

“Majority of Enterprises Rely on Advanced Cloud-based VMS Solutions for Effective Storage of Surveillance Feed”

Attribute Cloud-based Video Management Software Solutions
Segment Value (2024E) US$ 3.58 Billion
Growth Rate (2024 to 2034) 20.8% CAGR
Projected Value (2034F) US$ 23.65 Billion

Cloud deployment allows for offloading some management duties and maintenance costs. The cloud deployment model identifies the specific type of cloud environment based on ownership, scale, and access, as well as the cloud’s nature and purpose.

Cloud-based VMS solutions are most in demand due to their scalability, lower CAPEX, and pay-as-you-go model. SMEs are the key adopters of cloud-based VMS solutions, as it is emerging as a one-time profitable investment solution for them. Cloud-based video management software solutions have several benefits, such as no need for on-site servers, rapid deployment of solutions without configuration, and easy access to the Internet. Cloud-based VMS solutions have been majorly adopted by retail, residential, small offices, and logistics customers.

Competitive Landscape

Key players in the video management software industry are employing various organic and inorganic marketing strategies to earn high revenues. Competitive pricing, new product launches, and collaborations are some of the common yet effective marketing tactics adopted by industry giants.

  • In February 2023, Identiv, Inc. announced that San Diego International Airport (SAN) has deployed Identiv’s comprehensive, end-to-end access control ecosystem, including Hirsch Velocity Software and its Velocity Vision video management system (VMS), under a single graphical user interface (GUI). This is a significant step to strengthen security and access control across the San Diego International Airport.
  • In April 2022, Qognify launched a new video management software called Qognify VMS. This solution offers bi-directional integrations with many other solutions such as access control, intrusion detection, and video analytics.
  • In July 2021, Edge360 announced the launch of its new video management software solution 'Surveill VMS', a fully containerized VMS running on microservices.

Fact.MR provides detailed information about the price points of key producers of video management software positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Key Segments of Video Management Software Market Research

  • By Component :

    • Solutions
      • Advanced Video Management
      • Data Integration
      • Case Management
      • Mobile Application
      • Storage Management
      • Others
    • Services
      • Professional Services
      • Managed Services
  • By Deployment :

    • Cloud
    • On-premise
  • By Technology :

    • IP-based
    • Analog-based
  • By Enterprise Size :

    • Small & Medium Enterprises
    • Large Enterprises
  • By End-use Industry :

    • IT & Telecommunication
    • BFSI
    • Government
    • Healthcare & Life Sciences
    • Manufacturing
    • Transportation & Logistics
    • Others
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

How big is the video management software market in 2024?

The global video management software market is estimated at US$ 5.78 billion in 2024.

Is video management software high in demand?

Demand for video management software is projected to rise at a CAGR of 20.2% through 2034.

Will AI integration boost video management software sales?

Bolstered by AI, the market for video management software is calculated to reach US$ 36.38 billion by 2034.

What is the estimated demand growth for the South Korea market?

Video management software sales in South Korea are forecasted to increase at a CAGR of 22.2% from 2024 to 2034.

What will the size of the North American market be by 2034?

The market in North America is projected to reach US$ 12.73 billion by 2034.

Does cloud-based VMS hold a leading market share?

Cloud-based video management software solutions set to capture 62% of the global market share in 2024.

Who are the leading providers of video management software?

Well-known VMS producers are Honeywell International Inc., Edge360, Qognify, Avigilon Corporation, and NetApp.

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