“Global Video Management Software Market to reach a market value of USD 39.39 Billion by 2031 growing at a CAGR of 19.0%”
The Global Video Management Software Market size is expected to reach $39.39 billion by 2031, rising at a market growth of 19.0% CAGR during the forecast period.
Governments and enterprises are leveraging video analytics for smart city initiatives, retail traffic analysis, and automated law enforcement applications, boosting demand in the market. The increasing concern for crime prevention, public safety, and fraud detection has also fueled investment in intelligent video analytics platforms that provide actionable insights. Hence, the video analytics segment recorded 31% revenue share in the market in 2023. The integration of machine learning, deep learning, and real-time video processing has enabled advanced capabilities such as facial recognition, object detection, crowd management, and behavioral analytics, reducing the need for human intervention.
Businesses that require remote monitoring, facial recognition, and real-time alerting systems to prevent unauthorized access and enhance workforce safety also demand smart surveillance. With cloud integration and AI-driven video analytics, modern surveillance systems can detect suspicious activities, track anomalies, and even automate security responses to mitigate risks before they escalate. Hence, intelligent surveillance and VMS solutions are becoming more critical as security threats evolve. Additionally, Due to their cost-effectiveness, remote accessibility, and scalability, cloud-based VMS solutions are becoming increasingly popular. Unlike traditional on-premise setups, cloud-integrated VMS allows organizations to store and retrieve footage from anywhere, collaborate in real-time, and improve security management. Using AI, IoT, and cloud together enables predictive security measures, allowing businesses to analyze past incidents, identify patterns, and proactively prevent potential threats. Consequently, the future of surveillance and safety management will be significantly influenced by AI-powered and IoT-enabled VMS as industries prioritize automated, data-driven security solutions.
However, unlike large enterprises that can allocate substantial budgets for security infrastructure, SMBs often struggle with financial constraints, making it difficult to justify the investment in a fully integrated VMS solution. Additionally, the need for continuous software updates, cybersecurity measures, and IT personnel for system maintenance further increases operational costs. Hence, the high initial investment and operational expenses will continue to be a major challenge hindering the adoption of advanced video management software.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
By application, the market is divided into video analytics, access control integration, cloud storage & management, perimeter protection, remote monitoring, and others. The perimeter protection segment garnered 14% revenue share in the market in 2023. Organizations are increasingly deploying AI-powered surveillance systems with motion sensors, geofencing, thermal imaging, and automated alert mechanisms to enhance perimeter security. Defense, transportation, logistics, and energy are at the forefront of adopting perimeter protection solutions to monitor large outdoor areas, prevent trespassing, and detect potential threats in real-time.
Based on vertical, the market is segmented into retail & e-commerce, government & law enforcement, banking, financing, services & insurance (BFSI), transportation & logistics, healthcare, and others. The government & law enforcement segment acquired 21% revenue share in the market in 2023. The increasing focus on public safety, crime prevention, and smart city surveillance drives the government & law enforcement segment. Governments are investing in AI-enhanced facial recognition, predictive policing, and traffic monitoring systems to improve urban security and emergency response. Law enforcement agencies utilize video evidence management, automated license plate recognition (ALPR), and real-time threat detection to enhance investigations and counter-terrorism efforts.
Based on technology, the market is bifurcated into IP-based and analog-based. The IP-based segment garnered 32% revenue share in the market in 2023. Businesses across industries are transitioning to IP-based VMS solutions due to their scalability, remote access capabilities, and enhanced security features such as motion detection, facial recognition, and automated alerts. Additionally, the rise of smart cities, IoT-enabled security solutions, and cloud storage advancements further fuel demand for IP-based systems, as they offer seamless integration with modern IT infrastructure.
On the basis of deployment, the market is classified into cloud and on-premise. The on-premise segment procured 64% revenue share in the market in 2023. Industries, including banking, government, healthcare, and defense, necessitate surveillance infrastructure that is locally managed and highly secure in order to prevent data breaches, unauthorized access, and cyber threats. Many organizations prefer on-premise VMS because they can operate independently of internet connectivity, ensuring uninterrupted security monitoring in high-risk environments. The increasing use of 4K and Ultra HD video surveillance has also reinforced the demand for on-premise storage solutions that can handle large video data volumes without reliance on external cloud providers.
Free Valuable Insights: Global Video Management Software Market size to reach USD 39.39 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment witnessed 36% revenue share in the market in 2023. The presence of key technology providers and cloud service giants in the U.S. and Canada has accelerated the integration of cloud-based VMS solutions, enabling businesses and public institutions to leverage real-time analytics, facial recognition, and behavior detection systems. Rising concerns over cybersecurity threats, data breaches, and organized crime have also pushed enterprises to invest in AI-powered monitoring solutions that enhance security and compliance. The demand for high-definition video analytics, advanced access control integration, and scalable surveillance infrastructure is further fueled by sectors such as banking, healthcare, transportation, and law enforcement.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 10.03 Billion |
| Market size forecast in 2031 | USD 39.39 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 19.0% from 2024 to 2031 |
| Number of Pages | 320 |
| Number of Tables | 480 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Technology, Deployment, Vertical, Application, Region |
| Country scope |
|
| Companies Included | Honeywell International, Inc., Axis Communications AB (Canon, Inc.), Hangzhou Hikvision Digital Technology Co., Ltd., Panasonic Holdings Corporation, Robert Bosch GmbH, Teledyne FLIR LLC, Zhejiang Dahua Technology Co., Ltd., Verint Systems, Inc., Genetec, Inc., Salient Systems |
By Technology
By Deployment
By Vertical
By Application
By Geography
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 