Video Management Software Market to Grow by USD 14.01 billion (2024-2028) as AI Drives Transformation and Global Security Demand Increases

NEW YORK, Oct. 14, 2024 /PRNewswire/ -- Report with the AI impact on market trends- The global video management software market  size is estimated to grow by USD 14.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 24.89%  during the forecast period. Increasing need for security across globe is driving market growth, with a trend towards emergence of smart cities. However, high initial license cost of vms  poses a challenge. Key market players include Aeronautics Ltd., AxxonSoft, Cathexis (Pty) Ltd, Digital Watchdog, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova Group, Johnson Controls International Plc., Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc., Vicon Industries Inc., and VIVOTEK Inc..

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Key Market Trends Fueling Growth

The Video Management Software market is a significant business sector, providing solutions for organizations to effectively manage and distribute video content. These tools enable companies to store, organize, and deliver videos to various platforms, enhancing communication and engagement with customers and employees. The software offers features like video hosting, encoding, transcoding, and analytics, contributing to improved productivity and marketing strategies. Companies across industries are increasingly adopting Video Management Software to streamline their video content operations. 

The Video Management Software (VMS) market is experiencing significant growth due to increasing demand from various sectors, including security agencies and authorities, retail environments, and large corporations. With the rise of terror attacks and cross-border activities, surveillance technologies have become essential for ensuring public safety. CCTV cameras and security cameras are being installed in public places, airports, ATMs, banks, residential buildings, religious places, and other critical infrastructure. Security agencies and authorities require advanced VMS solutions for effective video surveillance and facility protection. The VMS industry offers professional and managed services, as well as cloud deployment options, to cater to the needs of SMEs and large corporations. VMS solutions are also being integrated with AI security systems and AI analytics for enhanced security and threat detection. Video content duplication is a major concern for the VMS industry, and video management distributors are addressing this issue by providing secure solutions. The VMS market also caters to the needs of smart city projects and hospitality businesses. Milestone Systems is a leading player in the VMS industry, offering both cloud-based and on-premise solutions. National security is a priority, and VMS solutions are being used to protect critical infrastructure from cyber assaults and WAN vulnerabilities. VAST Security Station and VSS Lite, Standard, and Professional are popular VMS solutions in the market. 

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Market Challenges

• The Video Management Software market is a significant business sector, enabling organizations to efficiently manage and distribute video content. This software facilitates uploading, editing, storing, and streaming videos. It offers features like metadata tagging, access control, and analytics for effective content management. Companies across various industries use it for training, marketing, and internal communication purposes. The software's ease of use and scalability make it an essential tool for businesses aiming to leverage video content in their operations.
• The Video Management Software (VMS) market faces unique challenges in various sectors, including residential buildings, religious places, and video surveillance for facility protection. Cross-border activities bring additional complexities due to legal and regulatory differences. VMS providers like VAST Security Station offer AI security systems to enhance security, with offerings like VSS Lite, Standard, and Professional catering to different needs. AI analytics, Milestone Systems, and cloud-based or on-premise solutions are key considerations. National security and public safety demand advanced features like computer vision, video analytics, and facial recognition. Threats such as terrorist attacks, global outbreaks, and mass robbery necessitate data security and protection. Semiconductor chips, IP cameras, DVRs, and copper, aluminum, nickel, and platinum components are essential hardware components. Cloud deployment models and analog technology coexist, requiring versatile solutions. VMS must address terrorism, illegal immigration, and digital forensics, ensuring data security and protection.

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Segment Overview 

This video management software market report extensively covers market segmentation by

1. End-user 
• 1.1 Public
• 1.2 Commercial
• 1.3 Residential
2. Geography 
• 2.1 APAC
• 2.2 North America
• 2.3 Europe
• 2.4 South America
• 2.5 Middle East and Africa

1.1 Public-  The Video Management Software market is a significant business sector, enabling organizations to effectively store, manage, and distribute video content. This software streamlines processes, enhances collaboration, and boosts productivity. Companies use it for various applications, including training, marketing, and customer support. Market leaders offer features such as video hosting, transcoding, and analytics, making video management an essential tool for modern businesses.

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Research Analysis

The Video Management Software (VMS) market has gained significant traction in recent years due to the increasing demand for advanced security solutions. With the rise of terror attacks, global outbreaks, and cross-border activities, the need for effective video surveillance has become more critical than ever. Security agencies and authorities rely on VMS to monitor and protect physical and capital assets, while the public seeks peace of mind and safety. VMS solutions enable the management and analysis of footage from CCTV cameras and other surveillance technologies. They offer various features such as AI security systems, facial recognition, and video analytics to enhance security and improve response times. VMS is essential for facility protection, particularly in high-risk environments, and can be used to monitor public spaces, transportation hubs, and critical infrastructure. VMS solutions come in different tiers, including VSS Lite, VSS Standard, and VSS Professional, catering to various budgets and requirements. VMS is a powerful tool in the fight against crime and terrorism, and its importance will only continue to grow in the future.

Market Research Overview

The Video Management Software (VMS) market is a critical component of modern security infrastructure, serving the needs of various sectors including security agencies, authorities, and citizens. With the increasing threat of terror attacks and cyber assaults, the demand for advanced surveillance technologies and VMS solutions has grown. CCTV cameras, security cameras, and IP cameras are being installed in retail environments, smart city projects, hospitality businesses, airports, ATMs, banks, residential buildings, religious places, and more. VMS software enables the management, storage, and analysis of video content from these cameras. The VMS industry caters to large corporations, SMEs, and infrastructure projects, offering professional and managed services, cloud deployment, and on-premise solutions. AI security systems, AI analytics, and facial recognition are becoming increasingly popular features. The VMS market is also impacted by infrastructure needs, such as WANs, semiconductor chips, and copper, aluminum, nickel, and platinum for manufacturing cameras. The market is further influenced by global events like terrorist attacks, mass robberies, and illegal immigration. Digital forensics and data security & protection are essential aspects of the VMS market, ensuring the integrity of surveillance videos and preventing unauthorized video content duplication. The VMS market continues to evolve, with advancements in computer vision, video analytics, and behavioral analytics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• End-user
• Public
• Commercial
• Residential
• Geography
• APAC
• North America
• Europe
• South America
• Middle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio