What Has Been the Growth Trajectory for the Video Management System Market in Recent Years?
The video management system market has seen considerable growth due to a variety of factors.
• In recent times, the market size for video management systems has seen a significant increase. The market, which is projected to be worth $12.7 billion in 2024, is predicted to escalate to $15.25 billion in 2025, with a compound annual growth rate (CAGR) of 20.1%.
Factors contributing to this historic growth include needs for surveillance and security, retail and business intelligence, government and public safety, transport and essential infrastructure, as well as corporate and industrial applications.
What is the Forecasted Market Size and CAGR for the Video Management System Market?
The video management system market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, substantial expansion is anticipated in the video management system market, with projections predicting an increase to $34.71 billion in 2029, representing a Compound Annual Growth Rate (CAGR) of 22.8%.
This predicted growth during the forecast period is associated with factors including initiatives related to smart cities, the scalability and modular structure of system architectures, and issues regarding privacy compliance. Key trends for the same period forecast issues of privacy regulation compliance, user-centric interfaces and intuitive designs, integration with access control systems, and the adoption of 4K and high-resolution cameras.
What Are The Primary Growth Drivers In The Video Management System Market?
The advancement of the video management system market is expected to be spurred by heightened security surveillance. Surveillance is essentially observation of behavior and activities for managing, influencing, and collecting information. The function of a video management system is to handle data streamed from different surveillance equipment, including security cameras. This system aids in recording, storing, and accessing live videos, as well as playing back recorded videos, and extracting valuable data from the surveillance location. For example, as stated in an article by EarthWeb in August 2022, a US-based online service provider, there are 15.28 cameras per 100 people in the United States and 14.36 cameras per hundred people in China. Hence, the enhancement in security surveillance is facilitating the progression of the video management system market.
What Are The Principal Market Segments In The Global Video Management System Healthcare Industry?
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
Subsegments:
1) By Solution: Video Surveillance Software, Video Analytics Software, Video Encoding And Decoding Solutions, Video Storage Solutions
2) By Services: Installation Services, Maintenance And Support Services, Consulting Services, Managed Services
Pre-Book The Video Management System Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Market Trends Are Altering The Video Management System Market?
The advancement in technology is a leading trend in the video management system market. In order to maintain their market standing, key firms are introducing innovative technologies. For instance, Qognify, an American software firm, in April 2022, unveiled the Qognify VMS. This new video management software stores video data in the cloud, catering specifically to the physical security requirements of organizations. This allows clients to rapidly expand storage space, reduce the hardware footprint, and take advantage of the robustness of cloud technology.
Who Are the Key Players in the Video Management System Market?
Major companies operating in the video management system market include:
• 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.
• BEX 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.
• C
• Hanwha Techwin Co Ltd.
• Zenitel UK Ltd.
What are the Regional Insights into the Video Management System Market?
Asia-Pacific was the largest region in the video management system market in 2024 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.
