Video Management Software Market Demands, Types And Projected Industry Size & Shares 2025
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, according to a new study conducted by Radiant Insights, Inc. 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.
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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.
Further key findings from the study suggest:
• IP-based VMS is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing demand for IP-based VMS by the government as well as corporates as part of video surveillance projects
• The cloud segment is anticipated to gain traction owing to the increased use of cloud by companies for offering Video Surveillance as a Service (VSaaS) for applications such as recording, flexible storage, and remote access & viewing as well as for enhanced cybersecurity solutions
• Video analytics is expected to witness the highest growth over the forecast period due to the increasing deployment of intelligent video surveillance systems by the government and enterprises
• The government segment is expected to grow at the highest CAGR from 2019 to 2025. Numerous smart city initiatives along with multiple infrastructure development projects to support increasing urbanization are anticipated to fuel the demand for VMS market
• Key players operating in the VMS market include AxxonSoft, Inc.; Qognify Inc.; Milestone Systems; Exacq Technologies, Inc.; Identiv, Inc.; Verint Systems; Magal Security Systems Ltd.; Genetec Inc.; Panasonic Corporation; Salient Systems Corporation; and March Networks.
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Video Management Software Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025
2.2 Global Video Management Software Market, 2014 - 2025
2.2.1 Global video management software market, by region, 2014 - 2025
2.2.2 Global video management software market, by technology, 2014 - 2025
2.2.3 Global video management software market, by solution, 2014 - 2025
2.2.4 Global video management software market, by deployment, 2014 - 2025
2.2.5 Global video management software market, by end use, 2014 - 2025
Chapter 3 Video Management Software Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Video Management Software Market - Value Chain Analysis
3.3.1 Vendor landscape
3.4 Video Management Software Market Dynamics
3.4.1 Market driver analysis
3.4.2 Market restraint analysis
3.4.3 Market opportunity analysis
3.5 Penetration and Growth Prospect Mapping
3.6 Video Management Software Market - Key Company Market Share Analysis, 2018
3.7 Video Management Software Market - Porter's Five Forces Analysis
3.8 Video Management Software Market - PESTEL Analysis
Chapter 4 Video Management Software Technology Outlook
4.1 Video Management Software Market Share By Technology, 2018
4.2 Analog-Based VMS
4.2.1 Analog-based video management software market, 2014 - 2025
4.3 IP-Based VMS
4.3.1 IP-based video management software market, 2014 - 2025
4.4 Hybrid VMS
4.4.1 Hybrid video management software market, 2014 - 2025
Continued…
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