Video Management Software Market to value USD 30 Bn by 2030, Says Global Market Insights Inc.

Major video management software (VMS) market participants include 3VR Security, Inc. (Identiv, Inc.), A&H Software House, Inc. (Luxriot.), Aimetis Corporation (Senstar), Avigilon Corporation (Motorola Solutions Inc.), Axis Communications AB (Canon Inc.), Axxonsoft, Inc., Bosch Security Systems LLC, Cathexis Technologies Pty Ltd., Cisco Systems, Inc., and Exacq Technologies, Inc.

SELBYVILlE, Del., July 19, 2022 /PRNewswire/ -- The video management software market is expected to reach USD 30 billion by 2030, as reported in a research study by Global Market Insights Inc. The increasing adoption of video surveillance is driving the video management software industry growth.

The increasing use of video surveillance systems for resource-intensive applications, such as smart traffic management, people counting systems, parking management, and accident prevention mechanisms, has surged the demand for VMS solutions to process high-quality video data.

Advanced video management held nearly 30% of the video management software market revenue share in 2021. Growing security concerns are enabling enterprises to deploy advanced video management solutions. Advanced video management includes intelligent video streaming and video analytics solutions. Traditional surveillance systems involved some inadequacies such as high labor cost, variations in long-distance capturing, and complexities in multi-screen monitoring.

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The cloud model segment in the video management software market is projected to register 25% CAGR from 2022 to 2030 led by growing popularity of cloud computing-based VMS solutions. Cloud-based VMS solutions reduce upgrading & maintenance costs. It offers several benefits such as improved operational efficiency, flexibility, and scalability.

The analog technology accounted for substantial VMS market share in 2021 owing to the growing popularity of HD analog solutions. Analog-based solutions are easy to run, sending recordings to a DVR that converts the analog data to digital and stores it. High-Definition (HD) analog solutions have resulted in better picture quality and the resolution of the captured video.

The tourism & hospitality application is estimated to witness a growth rate of over 25% through 2030 impelled by increasing digitalization across the tourism & hospitality sectors. In the hospitality & tourism industry, the safety of guests and properties is an important concern. It is very important to deploy a security surveillance system to ensure the safety of the guests while maintaining quality service. The reputations of hotels and resorts can be easily damaged by even the smallest of incidents related to their security.

North America video management software market size is anticipated to grow exponentially due to the growing adoption of advanced & next-generation video surveillance for public safety. Initiatives for the development of advanced video analytics technology and the adoption of high-end IP-based monitoring cameras are supporting the market growth.

Some major findings of the video management software market report include:

• Advancements in technologies, such as IoT and 5G, are boosting the market demand.
• The rapidly growing adoption of surveillance camera systems is providing significant growth opportunities to the market.
• The North America VMS market is propelled by the growing adoption of next-generation video surveillance.
• Companies operating in the market are implementing partnerships to develop integrated and advanced video management software solutions for their customers.

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Partial chapters of report table of contents (TOC):

Chapter 2 Executive Summary

2.1  VMS industry 360° synopsis, 2018 – 2030

2.2  Business trends

2.3  Regional trends

2.4  Component trends

2.5  Deployment model trends

2.6  Technology trends

2.7  Application trends

Chapter 3 Video Management Software (VMS) Industry Insights

3.1  Introduction

3.2  Impact of COVID-19 outbreak

3.3  Impact of the Russia Ukraine war

3.4  VMS industry ecosystem analysis

3.5  Video management software features

3.6  Investment portfolio

3.7  Patent analysis

3.8  Technology & innovation landscape

3.9  Regulatory landscape

3.10  Industry impact forces

3.10.1  Growth drivers

3.10.2  Industry pitfalls & challenges

3.11  Growth potential analysis

3.12  Porter's analysis

3.13  PESTEL analysis

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights Inc.
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SOURCE Global Market Insights Inc.