(MENAFN- GlobeNewsWire - Nasdaq) Covina, March 28, 2023 (GLOBE NEWSWIRE) --“According to the latest research study, the demand of video management software market accounted for US$ 10.9 billion in 2022 and is estimated to be US$ 107.6 billion by 2032 and is anticipated to register a CAGR of 24.2% “
Key Highlights:
In April 2022, Qognify launched new Video Management Software (VMS)“Qognify VMS”, which is designed to meet physical security needs of organizations in world. Newly launched software is based on its successful VMS software“Cayuga” and offers possibility to store video data in cloud which enable customers to benefit from advanced resiliency of cloud technology. In July 2021, Edge 360 launched new“Surveill VMS”, the fully containerized Video Management Software running on micro services. Newly launched“Surveill VMS” is featured with containerized platform, active-active clustering, built-in fail over and redundancy and others.
Analyst View:
The key factor driving the growth of the Video Management Software market is increasing demand for security and surveillance all over the world due to rising theft activities. Widespread use of Video Management Software, technological advancement, and rising use of IP video technology in access control is expected to boost the demand for Video Management Software market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
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Key Market Insights from the report:
Video Management Software Market accounted for US$ 10.9 billion in 2022 and is estimated to be US$ 107.6 billion by 2032 and is anticipated to register a CAGR of 24.2%. The Video Management Software Market is segmented based on Solution, Service, Industry Verticals, Deployment Mode and Region.
Based on Solution, Video Management Software Market is segmented into Mobile Application, Intelligent Streaming, Security, Storage management, Video intelligence, Data Integration, and Others. Based on Service, Video Management Software Market is segmented into Professional Service and Managed Service. Based on Industry Verticals, Video Management Software Market is segmented into Banking, Financial Services, & Insurance (BFSI), Transportation, Healthcare, Retail, IT & Telecom, Hospitality, Military & Defense, Public Sectors, Media & Entertainment, and Others. Based on Deployment Mode, Video Management Software Market is segmented into Cloud Based and On-premises. By Region, the Video Management Software Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Scope of the Report:
Video Management Software Market, By Solution Overview Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032 Y-o-Y Growth Analysis (%), 2022 – 2032 Segment Trends
Mobile Application Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Intelligent Streaming Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Security Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Storage Management Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Video Intelligence Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Data Integration Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Others Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Video Management Software Market, By Service, 2022 – 2032, (US$ Bn) Overview Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032 Y-o-Y Growth Analysis (%), 2022 – 2032 Segment Trends
Professional Service Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Managed Service Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Video Management Software Market, By Industry Verticals, 2022 – 2032, (US$ Bn) Overview Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032 Y-o-Y Growth Analysis (%), 2022 – 2032 Segment Trends
Banking Financial Services & Insurance (BFSI) Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Transportation Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Healthcare Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Retail Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
IT & Telecom Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Hospitality Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Military & Defense Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Public Sectors Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Media & Entertainment Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Others Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
Video Management Software Market, By Deployment Mode, 2022 – 2032, (US$ Bn) Overview Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032 Y-o-Y Growth Analysis (%), 2022 – 2032 Segment Trends
Cloud Based Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
On-Premises Overview Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
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Regional scope:
Overview Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032 Y-o-Y Growth Analysis (%), 2022 – 2032 Regional Trends
North America Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032 Market Size and Forecast (US$ Bn), By Service, 2022 – 2032 Market Size and Forecast (US$ Bn), By Industry Verticals, 2022 – 2032 Market Size and Forecast (US$ Bn), By Deployment Mode, 2022 – 2032 Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
Europe Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032 Market Size and Forecast (US$ Bn), By Service, 2022 – 2032 Market Size and Forecast (US$ Bn), By Industry Verticals, 2022 – 2032 Market Size and Forecast (US$ Bn), By Deployment Mode, 2022 – 2032 Market Size and Forecast (US$ Bn), By Country, 2022 – 2032 UK France Germany Russia Italy Rest of Europe
Asia Pacific Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032 Market Size and Forecast (US$ Bn), By Service, 2022 – 2032 Market Size and Forecast (US$ Bn), By Industry Verticals, 2022 – 2032 Market Size and Forecast (US$ Bn), By Deployment Mode, 2022 – 2032 Market Size and Forecast (US$ Bn), By Country, 2022 – 2032 India Japan South Korea China Rest of Asia Pacific
Latin America Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032 Market Size and Forecast (US$ Bn), By Service, 2022 – 2032 Market Size and Forecast (US$ Bn), By Industry Verticals, 2022 – 2032 Market Size and Forecast (US$ Bn), By Deployment Mode, 2022 – 2032 Market Size and Forecast (US$ Bn), By Country, 2022 – 2032 Brazil Mexico Rest of Latin America
Middle East & Africa Market Size and Forecast (US$ Bn), By Solution, 2022 – 2032 Market Size and Forecast (US$ Bn), By Service, 2022 – 2032 Market Size and Forecast (US$ Bn), By Industry Verticals, 2022 – 2032 Market Size and Forecast (US$ Bn), By Deployment Mode, 2022 – 2032 Market Size and Forecast (US$ Bn), By Country, 2022 – 2032 GCC Israel South Africa Rest of Middle East
Who are the Top Key players operating in the Video Management Software Market?
Cisco Systems Inc. Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Milestone System A/S Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Schneider Electric Industries SAS Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Verint Systems Inc. Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Honeywell International Inc. Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Bosch Security System Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Aimetis Corporation Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
O-Net Surveillance Systems Inc. Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
3VR Inc. Company Overview Product Portfolio Key Highlights Financial Performance Business Strategies
Key Reasons to Purchase:
Some of the reasons why a business may consider purchasing video management software:
Security: Video management software (VMS) provides advanced security features to monitor and manage video footage from multiple cameras. It helps in identifying suspicious activities and preventing potential threats. Improved efficiency: VMS automates the process of recording, storing, and managing video footage, reducing the need for manual labor. This helps businesses to improve their operational efficiency and reduce costs. Scalability: VMS can be easily scaled up or down as per the business requirements. It can manage video footage from a single camera to thousands of cameras, making it suitable for businesses of all sizes. Centralized management: VMS provides a centralized platform to manage video footage from multiple cameras, making it easier for businesses to monitor and control their security systems. Access control: VMS provides access control features, allowing businesses to control who can view and access the video footage. This helps in maintaining the privacy and security of the video footage. Analytics: VMS provides advanced analytics features that help businesses to analyze the video footage and gain insights into their operations. This can help in identifying trends and improving the overall performance of the business. Compliance: VMS helps businesses to comply with regulatory requirements related to video surveillance. It provides features like video retention, encryption, and auditing to ensure that businesses meet the necessary compliance requirements. Overall, video management software can provide significant benefits to businesses in terms of security, efficiency, scalability, centralized management, access control, analytics, and compliance.
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