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Video Management Software (VMS) Market Size

Report ID: GMI1623
Published Date: Jul 2022
Report Format: PDF

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Video Management Software Market Size

Video Management Software Market size exceeded USD 4 billion in 2021 and is estimated to grow at over 20% CAGR from 2022 to 2030.

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Government initiatives for national security and public safety during activities including terrorist attacks and global outbreaks including COVID-19 are expected to facilitate the consistent market growth. The rapid proliferation of advanced technologies, such as computer vision and video analytics, will contribute largely toward reshaping the industry dynamics.

Due to the COVID-19 pandemic, organizations witnessed increased stress on the security of physical & capital assets. High-performance enterprise-grade video management software can help security agencies with facial recognition, vehicle license plate information, and behavioral analytics to highlight a person of interest. This solution also helps federal agencies in efficiently securing and analyzing tamper-proof surveillance videos for digital forensics.

Video Management Software Market Report Attributes
Report Attribute	Details
Base Year:	2021
Video Management Software Market Size in 2021:	USD 4 Billion
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	20%
2030 Value Projection:	USD 30 Billion
Historical Data for:	2018 to 2021
No. of Pages:	320
Tables, Charts & Figures:	421
Segments covered:	Component, Deployment Model, Technology, Application and Region
Growth Drivers:	Rising concerns about security Increasing demand among organizations from developing regions Need for high quality data processing Technological advancements in video surveillance
Pitfalls & Challenges:	Risks of data security & protection Stringent rules and regulations

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The Russia-Ukraine war has adversely affected the supply chain of semiconductor chips, which are required in the backend hardware of VMS such as IP cameras and DVR. Russia manufactures several raw materials for surveillance camera chips such as aluminum, zinc, silver, and others. As of March 2022, Russia has a control of 3% - 4% of copper, 6% - 7% aluminum & nickel, and 14% - 15% of platinum. The disruption of raw materials will moderately affect the VMS market statistics.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of video management software surpassed US$ 4 billion by 2021 and could expand at a strong 20% CAGR over 2022-2030, says this GMI report.

UK VMS market from mobile application solutions will see nearly 25% growth rate through 2030, with increased use of smartphones to view video feeds in real-time and the ability to access video servers remotely.

The cloud deployment model accounted for around 40% of U.S. VMS market share in 2021, which will grow due to a shift towards virtualization platforms and increased need for reliable surveillance feed storage.

Germany VMS industry from retail applications is projected to witness around 30% CAGR over 2022-2030 owing to the demand for video analytics solutions, capability to avoid stock loss or shrinkage and improve overall business operations.

Some of the major companies offering VMS solutions worldwide include Cisco Systems, Inc., Johnson Controls International Plc, Axxonsoft, Inc., Bosch Security Systems LLC, 3VR Security, Inc. (Identiv, Inc.), Panasonic Corporation, and Hangzhou Hikvision Digital Technology Co., Ltd., among many others.