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Video Management System Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

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Video Management System Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027

July 19
18:13 2022
Video Management System Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2027
Bosch (Germany), Hanwha Techwin Co (South Korea), Honeywell International (US), Schneider Electric (France), Axis Communications (Sweden), Johnson Controls International (Ireland), Hikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Verint Systems (US), Mindtree (India), Axxonsoft (US), eInfochips (US).
Video Management System Market by Component (Solutions, Services), Technology (Analog-based VMS, IP-based VMS), Deployment Mode (On-Premises, Cloud), Organization Size (Large Enterprises, SMEs), Application, Vertical, & Region – Global Forecast to 2027

MarketsandMarkets forecasts the global Video Management Software Market size is expected to grow USD 10.9 billion in 2022 to USD 31.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1%  during the forecast period.

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Intelligent Streaming segment to grow at the highest market share during the forecast period

With advancements in technologies and cloud computing, the video monitoring system has become more important in the VMS system. End users are looking for more flexible and intelligent video solutions which help them use video data for more advanced analysis effectively. The intelligent streaming solutions, based on the combination of the streaming video and VMS platform, offer an integration scheme for capturing video data, such as video content, video retrieval, and video playback. Basically, intelligent streaming is the process of detecting video network conditions and automatically adjusting the properties of a video to improve the quality of the VMS system. In video streaming, end users do not have to download the video; instead, they can view it online on the web browser or mobile app. The companies are offering various features in the intelligent streaming solutions: video recording, web board, layout screen, video wall, auto discovery, failover and redundancy, multi-streaming, live and recorded video viewing, real-time viewing, and fast access to live and recorded videos. Its advanced features include zoom functionality in a live and recorded video, an object navigator, and a graphical timeline.

Scope of the Report

Report Metrics

Details

Market size available for years

2016-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Million/Billion)

Segments covered

By component, technology, deployment mode, organization size, application, vertical, and region

Regions covered

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Companies covered

Bosch (Germany), Hanwha Techwin Co (South Korea), Honeywell International (US), Schneider Electric (France), Axis Communications (Sweden), Johnson Controls International (Ireland), Hikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Verint Systems (US), Mindtree (India), Axxonsoft (US), eInfochips (US), Avigilon Corporation (Canada), Panasonic i-PRO Sensing Solutions (US), Panopto (US), Backstreet Surveillance (US), Eagle Eye (US), Arcules (US), Rhombus (US), ButterflyMX (US), Qumulex (US), Hakimo (US), Sighthound (UK), Camcloud (Canada), Pelco (US), Genetec (Canada), Verkada (US), Milestone Systems (Denmark), identiv (US), March Networks (Canada), IndigoVision (US), Qognify (US), Senstar (Canada), Exacq technologies (US), and American Dynamics (US.

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Retail segment is expected to grow at a highest market share during the forecast period

In the retail industry, a video surveillance system has proved to be extremely useful. The retail verticals mission is to increase client retention by providing high-quality services. The retail vertical includes shopping malls, small retail stores, and shopping complexes that operate in high-traffic areas. Customers are always present in shopping centers. As a result, an attacker can easily spread the infection. Physical acid surveillance, on the other hand, is crucial for them. As a result, video surveillance is a critical component in the retail industry, where the risk of theft and scams is extremely high. Employee and customer theft, missing goods, and shoplifting are the most common types of scams. The video surveillance software not only provides a secure environment for customers and employees but also assists stakeholders in integrating their POS and ATM systems with the VMS platform to achieve higher levels of quality in the business process. To manage stores that are geographically distributed, retail stakeholders can now adopt cloud-based VMS solutions.

The major vendors covered in the video management software Market are Bosch (Germany), Hanwha Techwin Co (South Korea), Honeywell International (US), Schneider Electric (France), Axis Communications (Sweden), Johnson Controls International (Ireland), Hikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Verint Systems (US), Mindtree (India), Axxonsoft (US), eInfochips (US), Avigilon Corporation (Canada), Panasonic i-PRO Sensing Solutions (US), Panopto (US), Backstreet Surveillance (US), Eagle Eye (US), Arcules (US), Rhombus (US), ButterflyMX (US), Qumulex (US), Hakimo (US), Sighthound (UK), Camcloud (Canada), Pelco (US), Genetec (Canada), Verkada (US), Milestone Systems (Denmark), identiv (US), March Networks (Canada), IndigoVision (US), Qognify (US), Senstar (Canada), Exacq technologies (US), and American Dynamics (US).

These players have implemented various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements, and collaborations, new product launches to develop their presence in the video management software market. The most widely used strategies by businesses have been partnerships and new product launches which helped them transform their offerings and widen their customer base.

Bosch is a leading global supplier of technology and services. The company’s operations are divided into four business segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. The company designs and supplies security equipment for video surveillance, intrusion detection, fire detection, access control, public address, conference systems, evacuation systems, management systems, video analytics, video content analysis, and data security across the world. Video surveillance cameras are offered with AI as a built-in standard. A complete portfolio of fixed, moving, and specialty cameras with varying resolutions, frame rates, and dynamic ranges offers freedom of choice when planning a video security solution. Major areas of applications include airports, metros, railways, healthcare institutions, government institutions, manufacturing & production facilities, and retail stores.

Formerly known as Samsung Techwin, Hanwha Techwin is one of the leading manufacturers and providers of video surveillance solutions for security personnel. In 2015, Samsung Techwin was acquired by the Hanwha Group (South Korea) and renamed Hanwha Techwin. The company offers CCTV, IP & network, access control, door entry, intruder detection, and other security solutions. It is committed to providing world-class total security solutions that are designed to cater to the varying needs of customers; these include high-resolution equipment and intelligent technologies that can prevent crimes in advance and effectively respond to the emergence of new technologies. In addition, the company offers several consumer-based video surveillance and management solutions through its Wisenet brand.

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