Video Management Software Market Scope
Video management software (VMS) is also called as video management server or video management system which used to store the managed processing of the signals from multiple camera feeds. Additionally, it is used to collect videos, recording and storing them. The main function of VMS is combined management of digital audios, videos, digital data, and playback functionalities in video surveillance systems. Rising concern about security will help to expand global VMS market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | AxxonSoft (Germany), Milestone Systems (Denmark), On-net Surveillance System Inc. (United States), Aimetis Corporation (Canada), Exacq Technologies (United States), 3VR (United States), Verint Systems (United States), Genetec (United States), Salient Systems (United States), Cisco Systems, Inc. (United States), Honeywell International, Inc. (United States) and Bosch Security System (United States) |
CAGR | 7.8% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Video Management Software market throughout the predicted period.
AxxonSoft (Germany), Milestone Systems (Denmark), On-net Surveillance System Inc. (United States), Aimetis Corporation (Canada), Exacq Technologies (United States), 3VR (United States), Verint Systems (United States), Genetec (United States), Salient Systems (United States), Cisco Systems, Inc. (United States), Honeywell International, Inc. (United States) and Bosch Security System (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Mindtree Ltd (India), Surveon Technology Inc. (Taiwan), Geo Vision Inc. (Taiwan), Imotion Security Inc. (Canada), Video Insights Inc. (United States) and March Networks (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Video Management Software market by Type and Region with country level break-up.
On the basis of geography, the market of Video Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 2nd January 2019, Qognify, the trusted advisor and technology solution provider for physical security and enterprise incident management has acquired On-Net Surveillance Systems (OnSSI), a global leader of IP video management software.
On 4th December 2018, Salient Systems Corporation, an industry-leading innovator of unified security solutions has launched new CompleteView 20/20 Video Management Solution. and On 7th September 2018, Genetec Inc. a leading technology provider of unified security, public safety, operations, and business intelligence solutions has partnered with Inflow Technologies, a major distributor of distributes IT and security products in India. Through this partnership Gentac Inc. expanding its business in India.
Influencing Trend:
Emerging Penetration of Video Surveillance Systems in Emerging Nations and High Adoption Due To Increasing Security Concern
Market Growth Drivers:
Growing Penetration of Video Surveillance in an Extensive Range Of Applications, High Demand from Cross-Border Areas and Public Sector and Ease Of Deployment and Increased Use Of IP Video
Challenges:
Integrator’s Ability to Properly Size, Scale, And Configure an IP System
Restraints:
High Investment Cost, Rising Concern about Privacy and Issue Related High Resolution Video
Opportunities:
High Growth in IOT As Well As Video Analytics and Fueling Use of Cloud Based Solutions
Key Target Audience
Video Management Software Vendors, Service Providers, Suppliers, Camera Manufactures, Video Analytics Solution Providers, Video Surveillance Equipment Maker, Investors, Government Regulatory Bodies, Private and Government Research Organizations and Others