Technological advancement is impacting every industry, sector, and market niche. The growing advancements in surveillance camera technology and data storage capabilities have nurtured the perfect business landscape for the global video management software market. Video management software (VMS) allows users to store, collect, and access surveillance camera streams. VMS not only provides real-time security monitoring but also effective video playback of footage on an on-site, centralised, or mobile location. Moreover, some high-end VMS solutions also offer sensor data and alarms to boost the viability of the security system. Reliable VMS infrastructure depends on both video software and server hardware capabilities. As this technology continues to improve, many government organisations and law enforcement bodies are expected to deploy VMS at scale. Such prerequisites are poised to bode well for the market.

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Alarming Rise in Number of Security Incidents to Aid Global Video Management Software Market Expansion

In the recent past, the instances of physical security events have been growing at an alarming pace. To ensure better surveillance and security of physical properties, many individuals and organisations are installing robust security systems. These systems are installed in banks, ATMs, airports, public transport vehicles and stations, restaurants, roadways, and residential properties. Moreover, the latest video management systems also use cutting-edge videography, big data, computer vision, automation, and IoT technologies to provide better security services. The growing security incidents, coupled with the improving technology are expected to create sound business possibilities for the global video management software market in the foreseeable future.

Increasing Usage of Video Evidence in Investigations to Stimulate Video Management Software Market Growth

As video surveillance systems allow users to record security incidents including faces of the criminals, the usage of these recordings in the form of legal evidence has grown. This has proven to be very helpful for both victims and law enforcement to conduct criminal investigations. The growing demand for case management tools is being complemented by the improvement in surveillance camera quality and technology. Nowadays, corporate security teams often collaborate with law enforcement to help conclude investigations quickly. The ability to quickly complete investigations and provide evidence is set to sustain the growth of the global video management software market.

North America to Dominate Video Management Software Market Amidst Paced Technological Adoption, and Innovation

North America is one of the leading regions when it comes to adopting the latest technological innovations. Moreover, the decreasing equipment costs, the spread of IP-based solutions, and the overall maturity of the electronics, software, and technology industry are cementing the region’s dominance in the video management software industry. Several industries are installing next-gen surveillance systems across the USA, a key regional economy. Meanwhile, the market is also growing in Asia Pacific amidst growing efforts to provide security through surveillance in China. The latest AI-based facial recognition cameras are being deployed throughout the country.

Leading Market Participants

Some of the key players in the global video management software industry include Cisco Systems, Inc., Honeywell International, Inc., Bosch Security System, Milestone System A/S, Aimetis Corporation, Verint System, O-Net Surveillance Systems Inc., Schneider Electric Industries SAS, 3VR Inc., and Verint Systems, Inc.

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