The market is anticipated to witness significant growth owing to increasing awareness of the benefits offered by VMS and growing investments in city surveillance as part of the smart city projects.

Moreover, the increasing adoption of High Efficiency Video Coding (HEVC), also known as H.265 video compression standard, coupled with the rising trend of integrating VMS with emerging technologies such as built-in intelligence and deep learning for video analytics is expected to boost the video management software market growth. A unified VMS enables customers to merge analog and IP videos and offers a cost-effective approach to businesses for expanding and improving their surveillance capabilities.

VMS can be integrated with multiple digital cameras depending on the requirements of the customer. With the growing adoption of Closed-Circuit Television (CCTV) cameras and Internet Protocol (IP) network cameras in the security and surveillance market, the demand for VMS is also anticipated to witness significant growth over the forecast period. The software enables customers to enhance situational awareness and monitoring capabilities. High resolution videos and imagery can also be used by government law enforcement agencies to identify, track, and arrest criminals.

Cloud deployment to register high CAGR

The report authors highlight the fact that the analogue-based segment led the market in 2024, accounting for over 67.3% of global revenue. However, the IP-based segment is expected to grow at the highest CAGR during the forecast period.

The on-premises segment accounted for the largest market revenue share in 2024, and it is the cloud segment that is expected to grow at the highest CAGR over the forecast period. Video analytics segment leads the market with revenue share in 2024. The remote monitoring segment is expected to grow at the highest CAGR over the forecast period.

The retail & e-commerce segment accounted for the largest market revenue share in 2024. The healthcare segment is anticipated to grow at the highest CAGR during the forecast period.

North America dominated the video management software industry with a revenue share of over 35.5% in 2024. The video management software market in the Asia Pacific region is anticipated to register the highest CAGR over the forecast period.

Key players in the VMS market

Some of the major players in this market and mentioned in the Grand View Research report include, Axis Communications, Axxonsoft, Bosch, Dahua, Genetec, Hikvision, Honeywell, Johnson Controls, Milestone Systems, and Verint.