Overview and Scope
A video management system refers to a video management server that contains a security camera system that helps to collect the videos from cameras. The video management system is crucial because it keeps track of every system and offers a quick overview, alerting security to any potential dangers, threats, occasions, or planned tasks. It includes cameras, servers for video processing and storage, and encoders for analogue cameras. The video management system helps users to monitor events from any surveillance such as CCTV cameras, alarms, and sensors.
Sizing and Forecast
The video management system market size has grown exponentially in recent years. It will grow from $10.68 billion in 2023 to $12.96 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to surveillance and security needs, retail and business intelligence, government and public safety, transportation and critical infrastructure, corporate and industrial applications.
The video management system market size is expected to see exponential growth in the next few years. It will grow to $28.09 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%. The growth in the forecast period can be attributed to smart cities initiatives, scalability and modular system architecture, privacy compliance concerns. Major trends in the forecast period include compliance with privacy regulations, user-friendly interface and intuitive design, integration with access control systems, deployment of 4K and high-resolution cameras.
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Segmentation & Regional Insights
The video management system market covered in this report is segmented –
1) By Component: Solution, Services
2) By Technology: Analog-Based VMS, IP-Based VMS
3) By Organization Size: Large Enterprises, Small and Medium Enterprises (SMEs)
4) By Deployment Type: On- Premises, Cloud
5) By Application: Mobile Application, Intelligent Streaming, Security And Surveillance, Storage Management, Data Integration, Case Management, Navigation Management, Other Applications
Asia-Pacific was the largest region in the video management system market in 2023 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the video management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in security surveillance is expected to propel the growth of the video management system market going forward. Surveillance refers to the monitoring of the behavior and activities for information gathering, influencing, and managing. The video management system is used to manage data streamed from various surveillance devices such as security cameras. It helps the user to access real-time videos, record, store, and playback recorded videos, and derive useful insights from the surveillance site. For instance, according to an article published in August 2022 by EarthWeb, a US-based provider of internet-based online services, the United States has 15.28 cameras per 100 people and China has 14.36 cameras installed per hundred. Therefore, an increase in security surveillance is driving the growth of the video management system market.
Key Industry Players
Major companies operating in the video management system market report are Robert Bosch GmbH, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, VST Inc., Hangzhou Hikvision Digital Technology Co Ltd., NetApp Inc., Dahua Technology USA Inc., Milestone Systems Pvt Ltd., Zhejiang Dahua Technology Co Ltd., Axis Communications AB, Avigilon Corporation, Verint Systems Inc., IDIS Holdings Co Ltd., Uniview Technologies Co Ltd., IBEX Global Solutions plc, Genetec Inc., Aimetis Corporation, SeeTec AG, Eagle Eye Networks Inc., March Networks Corporation, BCDVideo International Company, Vigil Surveillance Ltd., Mobotix AG, Digital Watchdog Inc., Openeye Scientific Software Inc., Axxonsoft India Private Limited, Proximex Corp, Exacq Technologies Inc., Concord Security And Allied Services Private Limited, Hanwha Techwin Co Ltd., Zenitel UK Ltd.
The video management system market report table of contents includes:
1. Executive Summary
2. Video Management System Market Characteristics
3. Video Management System Market Trends And Strategies
4. Video Management System Market – Macro Economic Scenario
5. Global Video Management System Market Size and Growth
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32. Global Video Management System Market Competitive Benchmarking
33. Global Video Management System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Video Management System Market
35. Video Management System Market Future Outlook and Potential Analysis
36. Appendix
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