MarketsandMarkets forecasts the global video management software Market size is expected to grow USD 10.9 billion in 2022 to USD 31.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.1% during the forecast period.
The major vendors covered in the video management software Market are Bosch (Germany), Hanwha Techwin Co (South Korea), Honeywell International (US), Schneider Electric (France), Axis Communications (Sweden), Johnson Controls International (Ireland), Hikvision Digital (China), Netapp (US), Dahua Technology (China), Kedacom (China), Verint Systems (US), Mindtree (India), Axxonsoft (US), eInfochips (US), Avigilon Corporation (Canada), Panasonic i-PRO Sensing Solutions (US), Panopto (US), Backstreet Surveillance (US), Eagle Eye (US), Arcules (US), Rhombus (US), ButterflyMX (US), Qumulex (US), Hakimo (US), Sighthound (UK), Camcloud (Canada), Pelco (US), Genetec (Canada), Verkada (US), Milestone Systems (Denmark), identiv (US), March Networks (Canada), IndigoVision (US), Qognify (US), Senstar (Canada), Exacq technologies (US), and American Dynamics (US).
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These players have implemented various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements, and collaborations, new product launches to develop their presence in the video management software market. The most widely used strategies by businesses have been partnerships and new product launches which helped them transform their offerings and widen their customer base.
Bosch is a leading global supplier of technology and services. The company’s operations are divided into four business segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. The company designs and supplies security equipment for video surveillance, intrusion detection, fire detection, access control, public address, conference systems, evacuation systems, management systems, video analytics, video content analysis, and data security across the world. Video surveillance cameras are offered with AI as a built-in standard. A complete portfolio of fixed, moving, and specialty cameras with varying resolutions, frame rates, and dynamic ranges offers freedom of choice when planning a video security solution. Major areas of applications include airports, metros, railways, healthcare institutions, government institutions, manufacturing & production facilities, and retail stores.
Formerly known as Samsung Techwin, Hanwha Techwin is one of the leading manufacturers and providers of video surveillance solutions for security personnel. In 2015, Samsung Techwin was acquired by the Hanwha Group (South Korea) and renamed Hanwha Techwin. The company offers CCTV, IP & network, access control, door entry, intruder detection, and other security solutions. It is committed to providing world-class total security solutions that are designed to cater to the varying needs of customers; these include high-resolution equipment and intelligent technologies that can prevent crimes in advance and effectively respond to the emergence of new technologies. In addition, the company offers several consumer-based video surveillance and management solutions through its Wisenet brand.
Video Management System Market by Component (Solutions, Services), Technology (Analog-based VMS, IP-based VMS), Deployment Mode (On-Premises, Cloud), Organization Size (Large Enterprises, SMEs), Application, Vertical, & Region - Global Forecast to 2027
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