The global video management software market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The video management software is an essential component of an organization’s security infrastructure. It enables businesses to view, capture, record, and analyze the video collected from the surveillance camera. The rise in the security issues such as residential crimes and thefts had made it compulsory to adopt video management software to increase the security of the location. For instance, as per Outlook India, Delhi had over 15.0% rise in crime in 2021 as compared to 2020. Further, in 2020,7965 snatching cases were reported and in 2021,9383 cases were reported registering an increase of 15.0%. Moreover, in 2021, approximately 5,740 heinous crime cases were reported as compared to 5,413 cases in 2020. Thus, the rise in the prevalence of such crimes is anticipated to drive the demand for the global video management software market.
In February 2022, Dragonfruit AI had launched Dragonfruit Frontier, a cloud-based video management software. This software is designed to provide a full-featured and economical VMS offering to multiple-location enterprises. Similarly, in April 2021, Identiv Inc. had launched Velocity Vision. Velocity Vision is a video management software designed to provide a data-enabled security solution in a single-pane-of-glass view
Further, in March 2021, Mobotix AG in cooperation with Milestone had developed Mobotix Hub. Mobotix Hub is a video management software solution that is available in various versions, from entry-level solutions for a small application to enterprise solutions with an unlimited number of cameras and a larger portfolio of integrations and analytics. The launch aimed to develop more opportunities for its partners and customers with extensive integration options. Thus, such launches are anticipated to drive the growth of the global video management software market during the forecast period (2022-2028).
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Technology
- By Vertical
- By Deployment
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- AxxsonSoft Inc.ilestone Systems, Exacq Technologies Inc., and Magal Security Systems Ltd. among others
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By Technology
IP-Based VMS
Analog Based VM
By Vertical
- BFSI
- Education
- Telecom & IT
- Government
- Healthcare
- Others
By Deployment
- Cloud-Based
- On-Premises
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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