Explosive Growth Expected: Video Management Software Market to Expand at 13.46% CAGR Through 2030

2023 Years: Canon Inc.: Launched software that helps in improving video visibility using AI and helps in night monitoring and advanced surveillance.

According to MarkNtel Advisors study, 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.

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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Key Findings in Video Management Software Market:

 

Historical Years

 

2019-2022

 

Base Years

 

2023

 

Forecast Years

 

2024-2030

 

Key Report Highlights

·         Market Dimensions & Projections

·         Pricing Evaluation,

·         Recent Strategic Moves by Companies,

·         Primary Stakeholders,

·         Analysis of Import and Export Trends,

·         Competitive Landscape Assessment,

·         Emerging Opportunities,

·         Market Trends and Indicators

 

Reports Delivery Format

 

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

 

Video Management Software Market Key Players:

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

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Market Segmentation Overview:

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. This increasing shift from traditional analog-based video monitoring & surveillance systems to IP-based cameras owing to their attractive features is elevating their demand. These systems offer high-resolution image & video capture, broader area coverage, remote & mobile monitoring capabilities, and reduced Total Cost of Ownership (TCO), making them a preferable choice among the end-users. Additionally, governing bodies worldwide are also actively deploying IP-based VMS solutions on a large scale for surveillance of enormous hospitality projects & government accommodation facilities, thereby propelling the demand for IP-based VMS and spurring unparalleled growth in the video management software industry.

By Deployment

-On-premises

-Cloud-based

By End Users

-BFSI

-Healthcare and Life Sciences

-Government

-Manufacturing & Automotive

-Transportation & Logistics

-Media & Entertainment

-Others

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By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

The Video Management Software Industry Recent 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.

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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