Video Management Software Market Analysis Report By Technology, By Deployment, By Solution, By End Use, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global video management software market size was accounted for USD 1,487.0 million, in 2018. It is estimated to grow at a CAGR of 18.8% over the forecast period, 2019 to 2025. Video management software solutions are widely used for security & surveillance applications. VMS system consists of IP (Internet protocol) cameras and CCTV cameras that are used for monitoring real-time information for safety, security & inspection.

VMS solutions can be integrated with devices including intrusion detection systems, video analytics, and fire alarm system to improve surveillance capabilities. The integrations of these systems allow users to effectively manage multiple cameras. This feature also helps to collect HD video content, to track & identify any theft or criminal activity. Thus, due to all these benefits, VMS solutions are widely used in residential, public, and commercial areas.

The unified VMS system has the capability to merge IP video and analog videos and is highly cost-effective. Multiple cameras can be integrated into the VMS system as per the surveillance requirements. The software tool also helps in managing critical tasks including asset monitoring, threat detection, and video analysis. Moreover, the rising adoption of IP networks and CCTV cameras are projected to bolster the market growth in the next few years.

Various video standards like Physical Security Interoperability Alliance (PSIA), and Open network Video Interface Forum (ONVIF) help in integrating VMS solutions with third-party tools. Thus, the growing penetration of video security solutions is expected to contribute to market growth. VMS solutions are highly used in cross-border areas for surveillance measures, which are expected to foster market growth. However, rising storage & privacy concerns about video content may hinder the market growth.

Technology Insights

The market for video management software is fragmented into IP-based VMS, hybrid VMS, and analog-based VMS depending on the technology. In 2018, the hybrid VMS solution segment led the market with the largest market share in the overall market. This growth is contributed to the rising adoption of video systems in the corporate & government sector. Consumers are now integrating existing video systems with IP-based tools to enhance their surveillance capabilities, which in turn is boosting the growth of hybrid VMS.  

IP-based VMS solutions are projected to grow at the highest CAGR during the forecast period. Consumers are now replacing an analog-based system with an IP-based VMS solution mainly due to the features offered by these solutions. Additionally, government authorities are installing IP-based VMS for greater video surveillance including smart city projects. IP cameras also integrate using video analytical features like motion detection, accident detection, and License to enhance surveillance capabilities.

Solution Insights

Based on the solution, the video management software market is fragmented into custom solution management, video analytics, data integration, and storage management, navigation management, security management, intelligent streaming, and others. In 2018, the data integration solution segment led the market with the highest share in the overall market. This growth is supported by the increasing adoption of automatic number plate recognition systems. This system can analyze and record the video content as per the user's requirement.

Video analytic solution segment is estimated to register the fastest CAGR during the forecasted period. Video analytics tools help in retail, consumer analytics, logistics & transportation, and traffic management applications. Moreover, this solution is used for motion detection with features like facial recognition, and people counting. In addition, video analytic solutions are useful in satellite imagery and spatial data analysis, which is expected to support market growth.

Deployment Insights

In 2018, the on-premise deployment segment led the market with the highest share. An On-premise system allows the integration of multiple cameras with the installation of software tools. Installation of on-premise VMS is expensive owing to its high purchase & deployment cost. These on-premise VMS systems do not require any subscription fee.

The cloud deployment type is anticipated to propel at a significant rate during the forecast period. Medium & small enterprises utilize cloud-based systems. Moreover, high-speed internet along with technological advancement is boosting the transfer of HD video content. In a cloud system, the data from cameras is retrieved via an internet connection.

EndUse Insights

The end-user segment is comprised of government, BFSI, retail, manufacturing, healthcare, media & entertainment, education, IT & telecom, and others. The education end-use segment is projected to grow at a substantial rate due to the growing demand for online streaming, and remote classrooms. In the education industry, VMS solutions are used for learning management including, educational courses, reporting, training programs. Furthermore, increasing utilization of CCTV cameras across educational institutes is also expected to positively impact market growth. For example, in 2016, the Assam Government has made it mandatory to install CCTV video cameras in the school & college campuses.

In 2018, the government end-use segment led the market with the highest share in the overall market. Smart city projects, infrastructure, and logistics development are proliferating segmental growth. Moreover, in developing countries, smart manufacturing, rapid industrialization, online streaming, and telemedicine are projected to contribute the market growth.

Regional Insights

In 2018, North America led the market with the highest market share in video management software. The presence of key players in the region such as Exacq Technologies (U.S.), March Networks (Canada), Identiv, Inc. (U.S.), Genetec Inc. (U.S.), and Verint Systems (U.S.) is mainly supporting market growth. These players focus on the strong networking of integrators, distributors, resellers, and consultants. Moreover, they are increasingly adopting advanced technologies such as cloud computing, Big data, AI, and IoT analytics.

Asia Pacific is anticipated to grow at the highest CAGR over the forecast period, due to the growing adoption of cloud VMS systems. In addition, increasing demand for surveillance systems, traffic management systems, transportation systems, and smart city initiatives across developing countries is projected to bolster the market growth. Indian Government has planned to develop around 100 smart cities, which in turn is projected to support the market growth.

Impact of COVID-19

COVID-19 pandemic has positively impacted the global video management software market. All the IT, finance, and other service sector companies are utilizing VMS tools to effectively manage their resources and operation from remote places. Thus, the companies are now emphasizing reducing contact through the use of remote security and safety systems. Video management solutions are projected to gain momentum during the pandemic as these systems offer greater flexibility and control.

The Ministry of corporate affairs (MCA) in India has modified the rules of companies to allow the use of video collaborative tools with a focus on reducing the impact of coronavirus. Vendors are now shifting towards virtualized and cloud-based VMS to reduce the physical hardware and remote access control. Media & entertainment industry has been hit hard by the COVID-19, as the cinemas, media events have been canceled owing to social distancing norms & regulations. However, digital media and OTT video solutions are expected to grow at a significant rate during the coronavirus pandemic.

Video Management Software Market Share Insights

Leading players in the market include AxxonSoft, Inc.; Milestone Systems; Qognify Inc.; Identiv, Inc.; Exacq Technologies, Inc.; Verint Systems; Genetec Inc.; Magal Security Systems Ltd.; Panasonic Corporation; Salient Systems Corporation; and March Networks. Key players in the market focus on developing new solutions and tools. Panasonic has introduced VMS along with a single interface. This system is featured with a health monitor, automated failover, access control integration, and video wall.

Major companies engage in new product launches, innovations to expand their product offerings. For example, Qognify Inc. has enhanced its VMS that can be integrated with web &mobile solutions.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global video management software market report on the basis of technology, solution, deployment, end-use, and region:

• Technology Outlook (Revenue, USD Million, 2014 - 2025)
    • Analog-Based VMS
    • IP-Based VMS
    • Hybrid VMS

• Solution Outlook (Revenue, USD Million, 2014 - 2025)
    • Video Analytics
    • Custom Application Management
    • Storage Management
    • Data Integration
    • Navigation Management
    • Intelligent Streaming
    • Security Management
    • Others

• Deployment Outlook (Revenue, USD Million, 2014 - 2025)
    • On-premise
    • Cloud

• End-Use Outlook (Revenue, USD Million, 2014 - 2025)
    • BFSI
    • Government
    • Healthcare
    • Manufacturing
    • Retail
    • IT & Telecommunication
    • Media & Entertainment
    • Education
    • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)