Video Management Software Market by End-user and Geography - Forecast and Analysis 2022-2026

The video management software market share is expected to increase by USD 11.92 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 22.62%.

This video management software market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers video management software market segmentation by end-user (public, commercial, and residential) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The video management software (VMS) market report also offers information on several market vendors, including Aeronautics Ltd., AxxonSoft Inc., Cathexis (Pty) Ltd, DW, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova, Johnson Controls International Plc, Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc, Vicon Industries Inc., and VIVOTEK Inc among others.

What will the Video Management Software Market Size be During the Forecast Period?

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Video Management Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The increasing need for security across the globe is notably driving the video management software (VMS) market growth, although factors such as the high initial license cost of VMS may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the video management software market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Video Management Software Market Driver

The increasing need for security across the globe is one of the factors driving the video management software (VMS) market growth. The increasing need for security across the globe has created a demand for video surveillance systems. When there is a live video feed, users can be aware of intruders and take the action required. Also, since video surveillance falls under the purview of IoT-connected devices, it can be expected that in the case of a burglary, a video surveillance system with additional functionalities will be able to send an emergency message to the nearest police department, thereby alerting policemen of a robbery. For instance, the Foots Cray Police Department, Australia, announced the adoption of the Genetec Omni cast Video Surveillance Camera System to reduce the number of burglary activities. The installed network of cameras is connected to the police station network wirelessly via the Firetide wireless infrastructure mesh network. This connection is made so that it always delivers real-time video to the police station. This type of advanced security system is expected to augment the growth of the market during the forecast period.

Key Video Management Software Market Trend

The emergence of smart cities is one of the key video management software (VMS) market trends fueling market growth. Many countries have started focusing on the development of smart cities. A smart city is an urban development plan in which a city's infrastructure is equipped with various information and communication technologies. To designate a city as a smart city, there are several factors to be looked at, including the adoption of smart grid technologies, the use of software to improve traffic management, the number of Wi-Fi points enabled, the mobile application landscape, and video surveillance. Global companies such as IBM, Microsoft, Cisco, and Schneider Electric are supporting the development of smart cities by announcing initiatives and developing IT solutions. Some of the major aspects of smart cities include smart metering, property monitoring, logistics management, and traffic management and monitoring. These aspects demand the use of video surveillance camera systems. The rising number of security concerns has led to the wide adoption of video surveillance across the commercial and residential sectors. The development of smart cities will fuel the adoption of video surveillance systems integrated with VMS, which will support the growth of the global video management software market during the forecast period.

Key Video Management Software Market Challenge

The high initial license cost of VMS is one of the key factors challenging the video management software (VMS) market growth. One of the major challenges faced by the global video management software market is the high initial licensing cost of VMS. The average licensing fee of VMS is $395 for small businesses and $2,800 for large businesses. In addition to this, customers need to spend on cameras, servers, storage devices, and others. As a result, the installation of VMS becomes a highly expensive task for residential end-users and small businesses. This is expected to limit the growth of the video management software market during the forecast period.

This video management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global video management software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the video management software market during the forecast period.

Who are the Major Video Management Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Aeronautics Ltd.
• AxxonSoft Inc.
• Cathexis (Pty) Ltd
• DW
• Genetec Inc.
• Honeywell International Inc.
• Identiv Inc.
• Infinova
• Johnson Controls International Plc
• Milestone systems AS
• Mindtree Ltd.
• Motorola Solutions Inc.
• Qognify Ltd.
• Robert Bosch GmbH
• Salient Systems Corp.
• Schneider Electric SE
• Teledyne Technologies Inc.
• Verint Systems Inc
• Vicon Industries Inc.
• VIVOTEK Inc

 

This statistical study of the video management software market encompasses successful business strategies deployed by the key vendors. The video management software market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• qognify.com - The company offers video management software for corporate and enterprise projects under the brand name Qognify.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The video management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Video Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the video management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Video Management Software Market?

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41% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the video management software market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing need for security across the globe will facilitate the video management software market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2021, the increasing spread of COVID-19 is posing a challenge to the growth of the video surveillance software market in APAC. Hence, governments in this region have taken initiatives such as the imposition of lockdown to stop the spread of the disease. Such measures negatively affected video surveillance camera manufacturing companies, as their production units were either closed or halted. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating End-user Segments in the Video Management Software Market?

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The video management software market share growth by the public segment will be significant during the forecast period. In the public end-user segment, video surveillance systems and software are integrated into government offices and infrastructure organizations. Public-sector organizations deploy video surveillance solutions for monitoring highways, streets, bridges, stadiums, parks, traffic signals, and more. These factors are aimed at enhancing public safety during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the video management software market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Video Management Software Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 22.62%
Market growth 2022-2026	$11.92 billion
Market structure	Fragmented
YoY growth (%)	21.65
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 41%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Aeronautics Ltd., AxxonSoft Inc., Cathexis (Pty) Ltd, DW, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova, Johnson Controls International Plc, Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc, Vicon Industries Inc., and VIVOTEK Inc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Video Management Software Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive video management software market growth during the next five years
• Precise estimation of the video management software market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the video management software market industry across APAC, North America, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of video management software market vendors

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