Rising security concerns along with demand for advanced surveillance infrastructure in government and private sector will drive global video management software market outlook. Being an integral part of any surveillance system, video management software enables manage camera recording settings efficiently by providing view of multiple camera feeds, alerts for motion detection and any intrusive/hacking activity.
VMS solutions provide access to diverse data that is collected and stored through surveillance devices. The software features built-in technologies such as facial recognition, artificial intelligence and video analytics. They further aid in simplifying complex application processes in surveillance systems. Estimates suggests that video management software market size will cross US$10 billion in terms of annual revenues by 2026.
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Growing concerns for data theft, threat detection and intrusion of crucial information is poised to drive global video management software market. Increase intrusion of surveillance systems is fueling the need to manage these systems with the aid of video management solutions. Rising security concerns are prompting companies to develop VMS with advanced video processing capabilities, which is likely to encourage product adoption in the forthcoming years.
VMS solutions offer advanced capabilities to monitor and manage extensive surveillance devices. It also provides access to diverse data stored and collected through surveillance devices. Moreover, this software boasts of built-in advanced technologies including facial recognition, artificial intelligence and video analytics, which in turn aids in simplifying complex application processes in surveillance systems.
High implementation of advanced security measures for cross border protection, social gathering monitoring and facility protection will fuel the adoption of VMS solutions across various industries.
Technological advancements in surveillance systems and devices is likely to boost the utilization of advanced video management solutions. Providers of VMS solutions are integrating advanced video analytics capabilities and AI-based technologies and their video management software.
Also, the integration of AI and computer vision is aiding in early detection of suspicious events during surveillance. This is instigating enterprises to integrate VMS software with surveillance systems for building a robust security infrastructure.
In the retail sector, the adoption rate of VMS solutions is increasing at a fast pace as the companies operating in the retail landscape have recently focused on expanding their business by building large store premises. These companies are deploying multiple CCTV cameras for monitoring overall premise for security purpose and for preventing possibilities of theft and loss.
Since the VMS solution improves the operational efficiency of these devices and enable active monitoring, the product is estimated to witness major deployment rate in the coming years.
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North America video management software market share is likely to showcase steady growth rate over the coming years on account of the presence of major companies operating in the advanced security sector in the region. These players are focused upon enhancement and development of advanced surveillance devices.
For instance, in Honeywell International rolled out 30 series IP-based cameras aimed at corporate customers in 2019. These cameras can be deployed over multiple locations to cover an extensive area.
Major corporates across the globe are adopting cloud-based video monitoring software for managing surveillance devices as well as storage systems across multiple sites. These companies leverage cloud-based VMS solutions for connecting overall surveillance system to internet protocol in order to attain flexible accessibility to the system.
The corporates are rapidly opting for these solutions as they assist in effective utilization of network bandwidth and reduces administration costs. Cloud-based video management software market is estimated to register a growth rate of more than 20% through 2026.
Table of Contents (ToC) of the report:
Chapter 3 Video Management Software Market Insights
3.2 Industry segmentation
3.3 Industry landscape
3.4 Video management software ecosystem analysis
3.5 Video management software features
3.6 Impact of COVID-19 outbreak
3.6.1 Impact by region
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East & Africa
3.6.2 Impact on industry value chain
3.6.3 Impact on competitive landscape
3.7 Technology & innovation landscape
3.7.1 Connected video cameras
3.7.2 Scalable cloud-based storage
3.7.3 Power over Ethernet (PoE)
3.8 Regulatory landscape
3.8.1 North America
126.96.36.199 NIST Special Publication 800-144 - Guidelines on Security and Privacy in Public Cloud Computing (U.S.)
188.8.131.52 Health Insurance Portability and Accountability Act (HIPAA) of 1996 (U.S.)
184.108.40.206 Personal Information Protection and Electronic Documents Act [(PIPEDA) Canada]
220.127.116.11 General Data Protection Regulation (EU)
18.104.22.168 German Privacy Act (Bundesdatenschutzgesetz- BDSG)
3.8.3 Asia Pacific
22.214.171.124 Information Security Technology- Personal Information Security Specification GB/T 35273-2017 (China)
126.96.36.199 Secure India National Digital Communications Policy 2018 – Draft (India)
3.8.4 Latin America
188.8.131.52 National Directorate of Personal Data Protection (Argentina)
184.108.40.206 The Brazilian General Data Protection Law (LGPD)
3.8.5 Middle East & Africa
220.127.116.11 Law No 13 of 2016 on protecting personal data (Qatar)
18.104.22.168 Federal Law No. 2 of 2019 on the use of ICT in Healthcare (UAE)
3.9 Industry impact forces
3.9.1 Growth drivers
22.214.171.124 Rising concerns about security
126.96.36.199 Increasing demand among organizations from developing regions
188.8.131.52 Need for high quality data processing
184.108.40.206 Technological advancements in video surveillance
3.9.2 Industry pitfalls and challenges
220.127.116.11 Risks of data security & protection
18.104.22.168 Stringent rules and regulations
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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