Press release
Video Management Software (VMS) Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Video Management Software (VMS)
What Is the Projected Growth of the Video Management Software (VMS) Market?
In recent times, there has been a substantial expansion in the video management software (VMS) market size. The market, valued at $15.14 billion in 2024, is projected to advance to $18.41 billion in 2025, growing at a compound annual growth rate (CAGR) of 21.6%. Factors propelling the growth during the historic period include the rise in security issues, incorporation with other security systems, government interventions, scalability and affordability, and growing vertical-specific solutions.
We anticipate a significant uptick in the scale of the video management software (VMS) market in the coming years, with it predicted to escalate to a value of $39.81 billion by 2029, reflecting a compound annual growth rate (CAGR) of 21.3%. Several factors will potentially contribute to this rise during the speculative period including a sustained growth trajectory spanning the next decade, a shift towards IP-based solutions, the execution of global market proliferation tactics, improved hardening capabilities and a surge in the demand for bespoke solutions. Major trends that will shape the forecast period encompass a surge in the application of IoT and video analytics with mounting security concerns, better surveillance capabilities, heightened demand for personalized solutions and the introduction of innovative product offerings.
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What Are the Different Video Management Software (VMS) Market Segments?
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 Are the Primary Drivers Shaping the Video Management Software (VMS) Market?
The escalation in criminal activities is predicted to drive the expansion of the market for video management software. The definition of crime rates pertains to the prevalence or occurrence of crimes in a given geographical or population area over a specified time. These crimes are the result of socioeconomic conditions, shifting demographics, social turbulence, and political uncertainty. Law enforcement uses video management software as a tool to elevate their surveillance, investigative abilities, data examination, pattern identification, and response capabilities as preventative measures against crime. To exemplify, Brighton Analytics Limited, a data aggregation corporation based in the UK, reported that the crime rate in the UK stood at 75.88 for every 1,000 residents in 2022-2023. This reveals an 8% increase in the total crime rate in the UK since 2021. As such, the market for video management software is being stimulated by the upsurge in crime rates.
Which Companies Are Leading 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 Are the Major Trends Shaping the Video Management Software (VMS) Market?
Leading firms in the video management software market are pursuing cutting-edge innovations such as Qognify VMS, a new video management software, as a strategy to remain competitive and cater to the dynamic demands of consumers in the market. This software-oriented platform coordinates and supervises video surveillance cameras, recording devices, and other elements of a video surveillance system. For example, in April 2022, Qognify Inc., an American software enterprise, introduced Qognify VMS, a new video management software. This software is fashioned to assist groups in managing their video surveillance systems more efficiently. It provides numerous functions, including intelligent aid for investigation procedures, superior analytics, and amalgamation with other security systems. Moreover, it utilizes the established technology of Qognify's successful video management software, Cayuga, which proves handy for different sectors such as retail, transportation, and crucial infrastructure, to help organizations boost their security and functional efficiency.
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What Are the Top Revenue-Generating Geographies 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Video Management Software (VMS) Market?
2. What is the CAGR expected in the Video Management Software (VMS) Market?
3. What Are the Key Innovations Transforming the Video Management Software (VMS) Industry?
4. Which Region Is Leading the Video Management Software (VMS) Market?
Why This Report Matters:
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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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