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. According to MarkNtel Advisors Study.
Global Video Management Software Market Driver:
Rising Need for Robust Surveillance & Security Systems Within the Logistics Sector– 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 Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Video Management Software Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Component
- Solutions- Market Size & Forecast 2019-2030, USD Million
- Video Intelligence- Market Size & Forecast 2019-2030, USD Million
- Advanced Video Management- Market Size & Forecast 2019-2030, USD Million
- Data Integration- Market Size & Forecast 2019-2030, USD Million
- Navigation Management- Market Size & Forecast 2019-2030, USD Million
- Storage Management- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- Services- Market Size & Forecast 2019-2030, USD Million
- Professional Services- Market Size & Forecast 2019-2030, USD Million
- Managed Services- Market Size & Forecast 2019-2030, USD Million
- Solutions- Market Size & Forecast 2019-2030, USD Million
- By Technology
- Analog-based VMS- Market Size & Forecast 2019-2030, USD Million
- IP-based VMS- Market Size & Forecast 2019-2030, USD Million
- By Deployment
- On-premises- Market Size & Forecast 2019-2030, USD Million
- Cloud-based- Market Size & Forecast 2019-2030, USD Million
- By End Users
- BFSI- Market Size & Forecast 2019-2030, USD Million
- Healthcare and Life Sciences- Market Size & Forecast 2019-2030, USD Million
- Government- Market Size & Forecast 2019-2030, USD Million
- Manufacturing & Automotive- Market Size & Forecast 2019-2030, USD Million
- Transportation & Logistics- Market Size & Forecast 2019-2030, USD Million
- Media & Entertainment- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.
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