Video Management Software Market Is Estimated to Be Valued at US$ 30B by 2032

The global video management software market is expected to be valued at US$ 4 Billion in 2022 and reach US$ 30 Billion by 2032 while displaying a CAGR of 22.63% during the forecast period. The growth of the market can be attributed to the penetration of advanced technologies like computer vision and video analytics.

Demand for video management software is expected to rise as of offers reliability, cost-effectiveness, and enhanced accuracy. Also, the growing proliferation of video software to lessen crime rates is anticipated to augment the market size during the forecast period.

Video management software can be easily integrated with various third-party solutions and equipment like fire alarm systems, intrusion detection systems, and video analytics to enhance the capability of the overall surveillance system. Such added features allow the software to offer facility managers various camera views, thus, helping them to effectively deal with emergencies.

Why is North America Expected to Lead the Global Video Management Software Market?

Presence of Key Players in the Region to Grow the Video Management Software Market in North America

As per the analysis, North America is anticipated to dominate the global video management software market during the forecast period. Domination of the region can be attributed to the presence of established players in the region. According to Fact.MR, the North American video management software market is expected to register a CAGR of 19% from 2022 to 2032.

Renowned players in the market include Exacq Technologies (U.S.), March Networks (Canada), Identiv, Inc. (U.S.), Genetec Inc. (U.S.), Verint Systems (U.S.), and Salient Systems Corporation (U.S.). Also, rising adoption of modern technologies such as cloud computing, big data analysis, and other analytical tools, is another vital factor developing the market during the forecast period.

Competition Analysis

Key players in the global video management software market include VR Security, Inc. (Identiv, Inc.), Aimetis Corporation (Senstar), A&H Software House, Inc. (Luxriot.), Avigilon Corporation (Motorola Solutions Inc.), Axis Communications AB (Canon Inc.), Bosch Security Systems LLC, Axxonsoft, Inc., Cathexis Technologies Pty Ltd., Cisco Systems, Inc., Exacq Technologies, Inc., Hanwha Techwin Co., Ltd., Genetec Inc., Hangzhou Hikvision Digital Technology Co., Ltd. (Hikvision), Honeywell International, Inc., Intelligent Security Systems, Inc. (ISS), iMotion Security, Kedacom, March Networks Corporation, Johnson Controls International Plc, Mindtree Limited, Milestone Systems A/S, Netposa Technologies Ltd., Panasonic Corporation, Pelco, Inc., Salient Systems Corporation, Qognify Ltd., Verint Systems Inc., VIVOTEK Inc., and Zhejiang Dahua Technology Co., Ltd.

Recent Key Developments in the Industry Include:

• In July 2021, Edge360 announced the launch of its new Video Management Software (VMS), Surveill VMS, which is the first fully containerized VMS running on microservices.
• In April 2022, Qognify launched a new video management software called Qognify VMS. The solution offers bi-directional integrations with many other solutions such as access control, intrusion detection, and video analytics.