What Fueled The Previous Growth In The Video Management Software VMS Market?
The video management software vms market has seen considerable growth due to a variety of factors.
• The market size for video management software (VMS) has seen exponential growth recently, with forecasts showing an increase from $15.14 billion in 2024 to $18.41 billion in 2025 - This translates to a compound annual growth rate (CAGR) of 21.6%.
Factors that contributed to this growth during the historic period include heightened security requirements, integration with other security mechanisms, government initiatives, and the scalability and cost-effectiveness of vertical-specific solutions.
What Is The Expected Growth In The Video Management Software VMS Market Size Evolve over the Forecast Period?
The video management software vms market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of video management software (VMS) is predicted to experience a huge surge in the forthcoming years. This market is on track to reach $39.81 billion by 2029, growing at a compound annual growth rate (CAGR) of 21.3%.
The major factors behind this projected growth in the forecast period include potential development into the next decade, an emphasis on IP-based strategies, the expansion strategies of the global market, improved surveillance capabilities, and the appetite for personally tailored solutions. Key trends for the forecast period include the escalating adoption of IoT and video analytics, growing security concerns, superior surveillance capabilities, the need for customised solutions, and breakthrough product introductions.
What Main Forces Are Fueling Expansion In The Video Management Software VMS Market?
Anticipated growth in the video management software market is linked to increasing crime rates. A crime rate alludes to the number or prevalence of unlawful activities happening within a specified geographic region or group over a set time frame. Such criminal activities typically stem from factors like socioeconomic conditions, demographic shifts, social discord, and political instability. Video management software assists law enforcement in preventing crime rates by utilizing technology to improve surveillance, investigations, data analysis, pattern detection, and reaction abilities. For 2022, Brighton Analytics Limited, a data aggregation company located in the UK, cited the UK crime rate at 75.88 per 1,000 inhabitants for 2022-2023. The cumulative crime rate across the UK has risen by 8% since 2021, indicating that the growth of the video management software market is spurred by escalating crime rates.
What Are The Primary Segments In The Global Video Management Software VMS Market?
The video management software (VMS) market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Organization: Small And Medium Sized Enterprises, Large Enterprises
3) By Technology: Analog Based Video Management Software, Internet Protocol Based Video Management Software
4) By Vertical: Banking Financial Services And Insurance (BFSI), Government, Healthcare And Life Sciences, Manufacturing And Automotive, Retail, Transportation And Logistics, Media And Entertainment, Education, Other Verticals
Subsegments:
1) By Solutions: On-Premise Solutions, Cloud-Based Solutions, Hybrid Solutions
2) By Services: System Integration, Consulting, Maintenance And Support, Training And Education
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What Trends Are Reshaping The Future Of The Video Management Software VMS Market?
Leading corporations in the video management software market, such as Qognify Inc., are introducing new and inventive advancements like Qognify VMS to stay competitive and fulfil the changing requirements of users. This software platform, launched in April 2022, is capable of managing and regulating video surveillance cameras, recording tools, and other elements of a video surveillance setup. The primary objective of Qognify VMS is to aid organizations in administering their video surveillance systems effectively. It encompasses a variety of features such as advanced analytics, support for investigation procedures, and compatibility with other security systems. The software is built on the reliable technology of Qognify’s successful Cayuga video management software, making it suitable for diverse sectors including retail, transportation, and critical infrastructure, thereby enhancing security and operational competence of organizations.
Who Are the Key Players In The Video Management Software VMS Market?
Major companies operating in the video management software (VMS) market are:
• Bosch Security Systems Ltd.
• Hitachi Ltd.
• Siemens AG
• Schneider Electric
• Honeywell International Inc.
• Johnson Controls International Plc
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Hikvision USA
• NetApp Inc.
• Zhejiang Dahua Technology Co. Ltd.
• Dahua Technology Inc.
• Ubiquiti Networks
• Axis Communications AB
• Mindtree Ltd.
• Verint Systems Inc.
• eInfochips Inc.
• Verkada Inc.
• Vivotek Inc.
• Eagle Eye Network Inc.
• Milestone Systems
• Hanwha Techwin Co. Ltd.
• Digifort Global
• Avigilon Corporation
• KEDACOM Ltd.
• Genetec Inc
What Is The Most Dominant Region In The Video Management Software VMS Market?
North America was the largest region in the video management software (VMS) market in 2024. The regions covered in the video management software (VMS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
