Video Management Software (VMS) Market Share, Size 2021 Industry Update and Significant Growth Prospects by 2030

In a recent published report, Kenneth Research has updated the market report for Video Management Software (VMS) Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Video Management Software (VMS) Market products.

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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.

Product Overview

Video management software (VMS) is a component of the security system that is used to collect the video from cameras and also other sources. It records the video in a storage device and provides an interface to the user to view the live video and also enable to record the live video. Video management software has advanced tools that are used for processing and managing signals from more than one camera. The tools are specially designed for recording audio, digital video, and data playback. The video management software has the capability of sending alarm signals to the output through network-based cameras and computer expansion cards. The technological up-gradation in VMS technology enables multiple camera views through a single output. Video management software is used for providing security to both the residential and commercial sectors.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Market Size and Forecast

The global video management software (VMS) market is anticipated to expand at a CAGR of around 23.0% during 2020-2027. It is projected to reach around USD 16.0 billion market size by 2027. The increasing security concern coupled with increasing demand for video processing is anticipated to drive the market growth of the video management software (VMS) market. The global video management software (VMS) market can be segmented on the basis of type, application, deployment, and region. On the basis of type, it is segmented into IP-based VMS and analog-based VMS. IP-based VMS technology is anticipated to lead the type segment throughout the forecast period. This is attributed to the various enhanced qualities of the IP-based VMS technology such as high camera resolution, low cost, and scalability.

Additionally, the IP cameras along with the VMS technology offer better business intelligence which enhances the surveillance system. On the basis of application, it is sub-segmented into manufacturing and automotive, transportation and logistics, government, healthcare, and life sciences, education, and others.

The government is anticipated to be the largest sub-segment for the application segment. The increasing use of VMS technology in order to enhance the safety and security of the country is anticipated to be the primary reason for the government sub-segment to lead the application segment. On the basis of deployment type, it is sub-segmented into cloud-based, on-site, and application-based. On-site premises are anticipated to lead the deployment segment. The low cost of the ownership coupled with less annual subscription fees is anticipated to be the primary reason for the on-site premises to contribute the largest market share for the deployment segment during the forecast period.

By region, the global video management software (VMS) market is segmented into North America, Asia-Pacific, Latin America, Europe, the Middle East, and Africa. North America is anticipated to hold the largest market share for the global video management software (VMS) market. The presence of a highly developed security system coupled with increasing adoption of the video surveillance system is anticipated to be the major factor for the region to lead the global video management software (VMS) market.

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Additionally, the development in software technology in order to provide a user-friendly interface is anticipated to boost the market growth in the region. Asia-Pacific is anticipated to be the fastest developing region for the global video management software (VMS) market. The increasing expenditure by the government coupled with developing industrial and commercial sectors in the region is anticipated to boost the growth of the global video management software (VMS) market in the Asia Pacific region.

Key Players

Honeywell International Inc.
AxxonSoft
Schneider Electric
Milestone systems
On-Net Surveillance Systems
Aimetis Corp.
Tyco Security Products
3VR Inc.
Verint Systems Inc
Genetec Inc
March Networks
Bosch Sicherheitssysteme GmbH
Surveon Technology Inc.
Hanwha Techwin CO., LTD

Business Questions answer by the report

  • How will the market drivers, restraints and opportunities affect the market dynamics?
  • What will be the market size in terms of value and volume and market statistics with detailed classification?
  • Which segment dominates the market or region and one will be the fastest growing and why?
  • A comprehensive survey of the competitive landscape and the market participant players
  • Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

  • Additional company detail analysis.
  • Additional country analysis.
  • Detailed segment analysis.

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About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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