Video Management Software Market Size, Share & Trends Analysis Report By Technology (IP-based, Analog-based), By Deployment (Cloud, On-premises), By Application, By Verbal, By Region, And Segment Forecasts, 2024 - 2030

Report Overview

The global video management software market was valued at USD 9.69 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 19.5% from 2024 to 2030. Governments and municipalities deploy advanced video surveillance systems to enhance public safety, traffic management, and urban planning. VMS plays a crucial role by providing comprehensive video data management, integration with various city infrastructure systems, and advanced analytics capabilities. The increasing number of smart city projects globally is expected to drive the demand for video management software, facilitating market growth.

Analog surveillance systems are being rapidly replaced by IP-based solutions that offer better image quality, remote access, and easier scalability. IP cameras are integrated seamlessly with video management software, providing advanced features such as high-definition video, real-time monitoring, and video analytics. The shift towards IP-based systems is driven by the need for enhanced security and the ability to monitor multiple locations from a centralized system, contributing significantly to the growth of the video management software market.

Modern video management software solutions are equipped with AI-powered video analytics that perform facial recognition, object detection, crowd management, and behavior analysis functions. These capabilities enhance the efficiency and effectiveness of video surveillance systems, enabling quicker response times and better decision-making. Integrating AI and machine learning algorithms into video management software solutions allows for the automation of various surveillance tasks, reducing the need for human intervention and improving overall security outcomes. For instance, in February 2022, Dragonfruit AI recently entered the video management software market with the launch of Frontier software. Frontier is a cloud-based video management platform with advanced analytics designed for multi-location enterprises.  With Frontier, end-users can leverage their existing video surveillance hardware infrastructure.

Technology Insights

The analog-based segment accounted for the largest market revenue share of 71.1% in 2023. Analog cameras and related infrastructure are generally less expensive and suitable for small to medium-sized businesses and budget-conscious organizations. Additionally, analog systems involve fewer complex configurations and easier installation processes for users who prioritize straightforward, reliable surveillance solutions without requiring extensive technical knowledge or training. These factors combined are driving demand for the analog-based segment in the market.

The IP-based segment is expected to witness significant growth over the forecast period. IP cameras offer high resolution and superior image quality. IP cameras provide high-definition video with clear and detailed images. This enhanced image quality is crucial for applications requiring precise identification, such as facial recognition and license plate reading. The ability to capture and analyze high-resolution footage is a significant advantage, driving the adoption of IP-based video management software solutions in law enforcement, transportation, and retail sectors.

Deployment Insights

The on-premises segment accounted for the largest market revenue share in 2023. Organizations customize the software to meet their specific needs, integrating it seamlessly with other security systems, such as access control, alarm systems, and building management systems. This customization enables the creation of a comprehensive and cohesive security infrastructure that addresses each organization's unique requirements. The ability to integrate with existing systems and customize the video management software according to specific operational needs drives the demand for on-premises video management software.

The cloud segment is anticipated to witness the fastest CAGR over the forecast period. Cloud-based VMS solutions offer remote accessibility and centralized management capabilities. Users access and manage video feeds from any location, providing greater convenience and flexibility. This feature is valuable for organizations with multiple sites or geographically dispersed operations, enabling centralized monitoring and control from a single platform. To cater to this demand, companies are launching new solutions. For instance, in April 2024, Axis Communications launched Axis Cloud Connect, an open cloud-based video surveillance management solution. It offers various managed services to support system and device management and video and data delivery. It enables remote access, data-driven insights, and scalability.

Application Insights

The video analytics segment accounted for the largest market revenue share in 2023. Video analytics use advanced algorithms and artificial intelligence (AI) to analyze real-time video feeds, enabling automated detection of suspicious activities, behavioral patterns, and potential security threats. This approach allows security personnel to respond quickly to incidents, improving overall safety and reducing the reliance on manual monitoring. Identifying and addressing security issues in real time significantly increases the effectiveness of surveillance systems, driving the demand for video analytics in video management software.

The cloud storage & management segment is anticipated to register the fastest CAGR over the forecast period. Remote monitoring allows access to live video feeds and recorded footage from any location, providing continuous oversight of multiple sites and facilities. Additionally, by enabling centralized monitoring of various locations from a single control center, remote monitoring reduces the need for on-site security personnel and associated travel expenses. This centralized approach allows security teams to manage and respond to incidents more effectively, streamlining operations and reducing overhead costs. This flexibility and efficiency drive the widespread adoption of cloud-based storage solutions in the video management software market.

Vertical Insights

The retail & e-commerce segment accounted for the largest market revenue share in 2023. Video management software solutions enable retailers to monitor stock levels, track inventory movements, and prevent internal theft. By integrating video management software with inventory management systems, retailers gain real-time visibility into their stock, ensuring that products are accurately accounted for and reducing the risk of stock discrepancies. Additionally, video management software aids in identifying patterns of theft or fraud by monitoring employee activities and access to inventory areas. The ability to improve inventory management and prevent losses drives the adoption of video management software in retail environments.

The healthcare segment is expected to witness the fastest CAGR over the forecast period. Video monitoring enables healthcare providers to closely monitor patients, especially those in critical care units, psychiatric wards, or isolation rooms. Remote monitoring capabilities allow medical staff to observe patient's conditions and respond quickly to emergencies, enhancing patient care and safety. Additionally, video management software facilitates telemedicine and remote consultations by providing high-quality video feeds, allowing healthcare professionals to conduct virtual visits and monitor patients remotely. Improving patient monitoring and care drives the adoption of video management software in healthcare facilities.

Regional Insights & Trends

North America region accounted for the largest revenue share in 2023. North America includes extensive broadband connectivity, cloud computing capabilities, and robust data centers, essential for deploying and operating advanced video management software solutions. High-speed internet enables seamless remote monitoring, real-time video streaming, and efficient data transmission, enhancing the functionality and performance of video management software systems. The availability of advanced IT infrastructure supports the widespread adoption of video management software across various sectors, including retail, healthcare, transportation, and education.

U.S. Video Management Software Market Trends

The U.S. video management software market accounted for the largest revenue share in 2023. As crime rates and security threats remain significant concerns, organizations across various sectors are investing heavily in advanced surveillance systems. Video management software provides comprehensive security features such as real-time monitoring, video analytics, and remote access, which are crucial for enhancing safety and preventing incidents. Protecting assets, personnel, and sensitive information drives the adoption of video management software solutions in the U.S. public and private sectors.

Asia Pacific Video Management Software Market Trends

Asia Pacific is expected to witness the fastest CAGR over the forecast period. As cities expand and new urban areas emerge, there is a growing need for advanced surveillance systems to ensure public safety, manage traffic, and monitor infrastructure projects. Governments and private sectors invest in smart city initiatives and large-scale infrastructure projects, integrating video management software solutions to enhance security and operational efficiency. The region's rapid urbanization and infrastructure development significantly drives the demand for video management software.

EuropeVideo Management Software Market Trends

The Europe video management software market is expected to witness significant growth over the forecast period. Natural disasters, terrorist threats, and other emergencies require advanced surveillance systems to monitor and manage crises. VMS solutions provide real-time video feeds, situational awareness, and incident response capabilities, enabling authorities to respond quickly and efficiently to emergencies. The emphasis on public safety and the need for effective emergency management drives the demand for VMS solutions in Europe.

The UK is expected to witness significant growth over the forecast period. Businesses and government entities in the UK increasingly focus on leveraging data-driven decision-making to improve efficiency and productivity. Additionally, the increasing adoption of cloud-based VMS solutions offers several advantages, including scalability, cost efficiency, and remote access. Organizations increase their surveillance capabilities without substantial upfront investments in hardware, and cloud-based solutions facilitate centralized management and real-time monitoring from any location.

Key Company & Market Share

Key industry players operating in the video surveillance software market include Axis Communications AB., AxxonSoft., Bosch Sicherheitssysteme GmbH, Honeywell International Inc. and others.

• Axis Communications AB, a subsidiary of Canon Inc., specializes in network video solutions for professional installations. The company's product portfolio includes network cameras, video encoders, audio systems, and video management software catering to various industries, including retail, aviation, education, healthcare, and city surveillance.

• Bosch Sicherheitssysteme GmbH specializes in the development and manufacturing of a wide range of security, safety, and communication solutions. The company's product portfolio includes video surveillance systems, intrusion detection, fire alarm systems, access control systems, and public address and voice evacuation systems.

Recent Developments

• In April 2024, Lumana launched an AI-powered video surveillance system. The system utilizes artificial intelligence (AI) and distributed hybrid cloud architecture. It includes the video processor and AI engine, video management software accessible through a web browser or mobile application, and security cameras.

• In July 2024, Milestone Systems announced its merger with Arcules. The merger aims to bring together the capabilities of both companies in video management software (VMS), video analytics, and Video Surveillance as a Service (VSaaS).

Video Management SoftwareMarket 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 in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the Video Management Software market report based on technology, deployment, application, vertical and region:

• Technology Outlook (Revenue, USD Million, 2017 - 2030)

  • IP-Based

  • Analog-Based

• Deployment Outlook (Revenue, USD Million, 2017 - 2030)

  • Cloud

  • On-premise

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Video Analytics

  • Access Control Integration

  • Cloud Storage and Management

  • Perimeter Protection

  • Remote Monitoring

  • Others

• Vertical Outlook (Revenue, USD Million, 2017 - 2030)

  • Retail & E-Commerce

  • Government & Law Enforcement

  • Banking, Financing, Services & Insurance (BFSI)

  • Transportation & Logistics

  • Healthcare

  • Others

• Regional Outlook (Revenue, USD Million, 2017- 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

  • APAC

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

  • MEA

    • South Africa

    • South Arabia

    • UAE