The Global Video Management Software Market size is valued at USD 11.25 billion in 2023 & is estimated to grow at a CAGR of around 13.46% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Video Management Software Market
Global Video Management Software Market Driver: Rising Need for Robust Surveillance & Security Systems Within the Logistics Sector
In recent years, the trading activities between the nations have increased due to the surge in the trade agreements among the countries. According to the UNCTAD, in 2022, approximately USD32 trillion was traded within the nations. Therefore, to facilitate trade and effectively store the products, the government & private entities are setting up warehouses and logistics centers in their countries. The commodities stored in these centers are worth millions. As a result, it is becoming essential for companies to install security scanners & devices to safeguard these expensive products. As per the data by Pro-Vigil, a leading Video Surveillance Solution Provider, these units use around 16 to 64 security cameras, depending upon the size of the warehouse. Additionally, these solutions also help in monitoring the assets remotely, which provides flexibility to the consumers. Hence, the end-users opt for these systems, uplifting the Global Video Management Software market.
Furthermore, the top companies have now started offering a diverse range of surveillance devices, including high-resolution 8-megapixel CCTV cameras, and IP-powered cams. These advanced ranges of cameras also provide night vision capabilities, empowering security agencies with enhanced monitoring capabilities. Hence, more organizations would continue to install these security systems in the forecast years, contributing to the growth of the video management software industry during 2024-2030.
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Scope of the Report and Video Management Software Market Segmentation
By Component
-Solutions
–Video Intelligence
–Advanced Video Management
–Data Integration
–Navigation Management
–Storage Management
–Others
-Services
–Professional Services
–Managed Services
By Technology
-Analog-based VMS
-IP-based VMS
- IP-based VMS holds a dominant market share in the Global Video Management Software Market.
By Deployment
-On-premises
-Cloud-based
By End Users
-BFSI
-Healthcare and Life Sciences
-Government
-Manufacturing & Automotive
-Transportation & Logistics
-Media & Entertainment
-Others
Top leading companies in the Video Management Software Market includes:
AxxonSoft Inc., Canon Inc., EInfochips Inc., Genetec Inc., Hanwha Vision Co. Ltd., Johnson Controls International PLC, March Networks, Panasonic Holdings Corporation, Robert Bosch GmbH, Salient Systems Corporation, Verint Systems Inc., Honeywell International, Schneider Electric, Axis Communications, Hikvision Digital, Other
Video Management Software Market Development
- 2024 Years: AxxonSoft Inc.: Launched a new video management system with unique attributes and technologies to improve the efficiency and usability of security systems.
- 2023 Years: Canon Inc.: Launched software that helps in improving video visibility using AI and helps in night monitoring and advanced surveillance.
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Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
- Of all regions globally, North America holds a notable market share in the Global Video Management Software (VMS) Market.
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