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    North America Video Management Software (VMS) Market Size By Technology (IP-based, Analog-based), By Component (Solution [Advanced Video Management, Data Integration, Mobile Application, Custom Application Management, Case Management, Security Management], Services [Professional Services, Managed Services]), By Deployment Model (On-premise, Cloud), By Application (BFSI, Government & Defense, Healthcare, IT & Telecom, Education, Media & Entertainment, Retail), Industry Outlook, Regional Analysis (U.S., Canada), Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
    Published Date: November 2020   |   Report ID: GR1520   |   Delivery: PDF  Request Free Sample

    North America Video Management Software (VMS) Market value was over USD 800 million in 2019 and is expected to witness a significant growth between 2020 and 2026 at a CAGR of over 16%.
     

    VMS Market, By Region

    North America VMS Market

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    The market growth is attributed to the extensive deployment of video surveillance systems and new product developments. The companies across the region are emphasizing more on new product development and technology innovations. For instance, , in March 2020, Avigilon announced the upgraded Avigilon Control Center 7.6 for enterprise customers. The upgraded software supports Activity Detection analytics, AI-powered facial recognition, and analytics. Similarly, the growing deployment of IP-based monitoring cameras for public safety is anticipated to support the VMS market growth.

    The VMS solution segment in market is projected to grow at a CAGR of above 15% over the forecast period. The growth is attributed to extensive smartphone penetration and emergence of mobile applications. The companies in the market are offering VMS mobile applications that allow users to access video servers remotely at any time using Public IP or private IP. Mobile applications also offer ability to control, view, and manage the video monitoring systems remotely.

    The on-premise VMS segment in market held over 55% share in 2019 and is projected to grow at a CAGR of above 10%. The on-premise deployment assists enterprises in management of video surveillance across a unique site. The On-premise deployment consists of multiple video applications and devices including recording & management servers, streaming, & storage devices and applications. These devices and applications are deployed locally over on-site.

    The growing adoption of IP-based camera system across the region is fueling the IP-based VMS segment growth. IP-based VMS provides benefits such as enhanced image quality, remote & mobile monitoring, flexible & scalable systems. In addition, it also reduces the total cost of ownership and enables advanced intelligent video management. The IP-based VMS provides additional audio monitoring capability and integrates with other systems. IP-based VMS offers a superior performance and advanced features along with easy installation and maintenance.

    The retail application segment in North American market is growing at a CAGR of above 20% over the forecast timeline. The large retail enterprises such as Amazon, The Kroger Co. and Walmart are expanding their business across geographies. The need to prevent theft, loss, and shrinkage is enabling these enterprises to deploy expansive network of CCTV surveillance. The advanced capabilities such as queue length analysis, traffic direction and abandoned object analysis is expected to drive the adoption of VMS solutions.

    The use of VMS solutions & services in the U.S. is projected to increase exponentially from 2020 to 2026. The supportive government initiatives and product developments & innovations by market players are contributing to the market growth. For instance, due to COVID-19 crisis the Department of Defense and the Department of Homeland Security increased deployment of surveillance cameras across the border since March 2020. The need to manage expansive network of surveillance network is anticipated to fuel the demand for VMS solutions.

    Amid COVID-19 pandemic, the companies operating in the region are emphasizing on new product developments. For instance, in April 2020, Panasonic Corporation launched latest iteration of its Video Insight Video Management System (VMS) with redaction for face biometrics. This solution features an integrated plug-in architecture with flexible programmable features to support security demand of different industry applications. Some of the leading companies operating in the market include 3VR Security, Inc. (Identiv, Inc.), Avigilon Corporation (Motorola Solutions Inc.), Cisco Systems, Inc., and Honeywell International Inc.
     


    Frequently Asked Question(FAQ) :

    What was the size of the North America Video Management Software (VMS) Market in 2019?
    The market size of North America Video Management Software (VMS) was valued over USD 800 million in 2019.
    How much will the North America Video Management Software (VMS) industry share grow during the forecast timeline?
    The industry share of North America Video Management Software (VMS) is anticipated to grow at 16% CAGR between 2020 and 2026.
    Which are leading companies operating in the market?
    Some of the leading companies operating in the North America VMS market include 3VR Security, Inc. (Identiv, Inc.), Avigilon Corporation (Motorola Solutions Inc.), Cisco Systems, Inc., and Honeywell International Inc.

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