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Video Management Software (VMS) Market 2024
Business Development Analysis: Global Market
Video Management Software (VMS) Market size is anticipated to witness growth owing to
factors such as an increase in security concerns and escalating demand for high-quality video
processing. Increasing infiltration of video surveillance systems in developing countries is
expected to fuel the VMS market growth.
VMS solutions are used as a unified tool for audio, digital video, data playback, and
functionalities management. Such software is specifically designed for processing, storing, and
managing signals for more than one camera feed. The growing popularity of video surveillance
in applications including event video surveillance, facility protection, cross-border activities,
and monitoring applications is anticipated to be one of the driving factors for the VMS market
growth. Increasing demand for high-quality images is also estimated to provide several growth
opportunities to the VMS market.
Several VMS solutions are using mobile application solutions, which are anticipated
to fuel the VMS market growth owing to the fast infiltration of tablets, smartphones,
and smart devices by consumers and enterprises. Mobile apps are providing end
users simple options to manage, view, and control the video monitoring system and
allow remote access to recorded & live videos.
VMS market based on technology can be segmented into IP-based and analog-based
VMS. IP-based VMS is currently trending and is anticipated to dominate the market
over the forecast timeline. IP cameras offer a variety of features such as high image
resolution, low price, and scalability. The growing implementation of IP cameras by
enterprise customers and other end users is anticipated to be a major growth driver
for the industry. In addition, the development of open platform VMS solutions along
with IP cameras and onboard analytics is anticipated to provide more business
intelligence to surveillance systems and is predicted to further give an impetus to VMS
The VMS market based on deployment type can be segmented into on-premises and
cloud types. On-site premises solutions deploy several cameras and are installed onsite, on customer’s own servers or workstations while cloud-based solutions are
hosted off-site, usually by the vendor, and the data is retrieved through an internet
connection. Typically, on-premises solutions have high up-front costs owing to
investments required for the equipment, but a low cost of ownership as there is null or
less monthly or annual subscription fees. Owing to these reasons, on-premises
solutions in the VMS market are currently the fastest growing solutions; however, VMS
for cloud-based applications is expected to foresee a faster growth due to the
increasing use of cloud-based solutions.
The VMS market is increasingly witnessing trends such as deep learning for video
analytics, built-in intelligence, and improvement in image quality. Privacy concerns
regarding the adoption of video surveillance systems are anticipated to hinder growth
to some extent. Additionally, requirements for large data storage systems and high
cost for installations are anticipated to hamper VMS market growth. The organizations
are focusing on establishing product life cycle and risk assessment programs to
counter cyber security threats.
VMS solutions can be used in large organizations and SMEs. Various sectors using
VMS solutions include healthcare, telecom & IT, retail, transportation, BFSI,
government & public sector, military & defense, manufacturing, media & hospitality,
and others. The government & public sector is anticipated to continue to lead the VMS
market over the forecast timeline, owing to the wide adoption of video surveillance
systems. The systems play an important role in risk management as it is the
responsibility of the government for handling the security, management, and other
functions in the development of cities such as ports, border securities, official
buildings, and institutions. North America VMS market is expected to witness a steady
growth over the forecast timeline, owing to growing video surveillance systems
presence and growing adoption of high-end security networks. The consumers in the
region are increasingly focusing on software platforms, which provide a user-friendly
interface and powerful functions such as thumbnail search & calendar search, which
are helping users find important videos faster and filter queries.
Asia Pacific VMS market is projected to become the fastest-growing market. The
growth is attributed to developing commercial and domestic infrastructure and
increasing government expenditure in the security sector. Increasing penetration of
video surveillance in public places, such as retail stores and shopping malls, resulting
from high infrastructure growth is anticipated to propel VMS market growth in this
region. Growing focus on intelligent transportation systems and smart city projects,
especially in emerging economies, such as India and China, is anticipated to splurge
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