Europe Video Management System Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.43 Billion |
| Market Size (2029) | USD 8.46 Billion |
| CAGR (2024 - 2029) | 19.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Video Management System Market Analysis
The Europe Video Management System Market size is estimated at USD 3.43 billion in 2024, and is expected to reach USD 8.46 billion by 2029, growing at a CAGR of 19.81% during the forecast period (2024-2029).
- Video Management Systems (VMS) enable security personnel to monitor live video streams from surveillance cameras in real-time, whether they are on-site or accessing them remotely. VMS can use video analytics to identify and notify security staff of unusual or suspicious activities. VMS can be seamlessly integrated with other security solutions like access control and alarm systems, providing a unified security management interface.
- The primary reason for the increasing use of video management systems in Europe is the necessity for improved security and safety measures. As worries about crime, terrorism, and public safety continue to rise, both organizations and individuals are opting for video surveillance as a preemptive strategy to prevent potential risks, supervise activities, and gather evidence in the event of any incidents, thus increasing the demand for video management systems.
- The number of violent crimes in France surged to approximately 384,100 incidents in 2023, as indicated by police data on recorded criminal activities. This marked a significant rise of over 30,000 cases compared to the preceding year, during which there were 353,600 instances of violent crime.
- The regional government and municipalities invest in developing innovative city initiatives and public infrastructure projects, further creating the demand for VMS. For instance, in August 2023, the German cabinet approved the allocation of EUR 12.5 billion (USD 13.63 billion) to rail from the Climate and Transformation Fund (KTF), as announced by the Federal Ministry for Digital Affairs and Transport (BMDV), highlighting the prioritization of this environmentally friendly mode of transportation. Video surveillance is instrumental in enhancing public safety, traffic management, and urban planning, leading to an increased need for video management systems to support these initiatives.
- The high initial investment is a significant hindrance to market growth. Several SMEs and businesses find it challenging to bear the initial cost of investment in IT infrastructure and often deploy low-cost and cheap physical security solutions, such as low detection ranges and camera resolutions, compromising security protection against thefts and criminal activities.
- The video management system market in Europe is fragmented, with a large number of players occupying a small market share. Vendors operating in the market are focusing on new product development, strategic partnerships, acquisition, and expansion to meet the growing demand from customers, further supporting market growth.
- For instance, in December 2023, Qognify introduced Qognify VMS 7.4, the most recent iteration of its enterprise-grade video management software (VMS), which promises to provide organizations with enhanced operational flexibility and video accessibility, both within and beyond the command center. The software's highly secure, contemporary user interface is accessible through standard web browsers on multiple platforms, ensuring top-notch performance and minimal latency for quicker, more effective, and well-informed decision-making.
- Increasing cases of robberies, vandalism, and unauthorized access across end-user industries such as retail, logistics, and banking & financial services will drive the adoption of the video management system market. NH Nieuws, a Dutch News Site, reported that between January 2023 and April 2023, there were 58 instances of explosive ATM thefts in a German state.
- The market's growth has been impacted by macroeconomic factors like government regulations concerning the import and export of electronics, as well as disruptions in global supply chain operations.
Europe Video Management System Market Trends
Cloud Based Video Management System is Expected to Grow at a Significant Rate
- Owing to the increasing security concerns across various industries and verticals, cameras are being extensively used across the region. The industry shift toward IP cameras has led to product innovations that provide in-built security analytics, better low-light performance, and object tracking. Technological advancements have increased the demand for highly specialized surveillance cameras programmed to zoom in and scan items, such as harmful equipment. These factors are expected to propel the growth of the cloud-based video management systems market.
- The cloud video management system enables users to easily share live and recorded video content with individuals worldwide. It provides a straightforward method to establish a link between various sites. Users can download specific video segments that require immediate attention and distribute them to relevant parties.
- Governments across the region are increasing their security to prevent citizens from vandalism, theft, etc. For instance, France has deployed video surveillance with artificial intelligence for significant events such as the 2024 Paris Olympics and Paralympics. The AI systems can monitor 600,000 people and be used on public transport, stadiums, and city streets.
- The cloud-based deployment enables enterprises to connect surveillance devices with cloud-based video management systems. Several companies are utilizing cloud computing to add new services, improve functionality, and grow capacity without increasing infrastructure investments. Cloud-based video management systems are expected to grow owing to the rising deployment of 5G technology.
- Security and surveillance are increasing in the United Kingdom, the most surveillance nation, with 70 cameras per 1,000 inhabitants. The country leads the way in the application of video surveillance systems, encompassing facial-recognition technology, wide-ranging video smoke detection, remote video monitoring, and automatic number plate recognition, as well as many other functions. The increase in video surveillance cameras is expected to fuel the demand for cloud-based video management systems in the country.
United Kingdom Market to Grow Significantly
- The video management system market in the United Kingdom is experiencing rapid growth thanks to the rising adoption of wireless surveillance technology in diverse environments like hospitals, schools, restaurants, and urban surveillance schemes. With its convenience and adaptability, wireless surveillance technology has emerged as the top choice for numerous video surveillance firms. The government has implemented various measures to enhance national security, with wireless surveillance technology playing a crucial role in these efforts.
- Due to the prevalence of terrorism threats in public areas and the rising number of efforts made by private companies to enhance the safety and welfare of their employees at work, the demand for video surveillance cameras is steadily increasing, leading to a greater need for video management systems.
- The country has witnessed increased crime rates over the past few years. For instance, according to the Office for National Statistics (UK), the United Kingdom saw increased crime rates in England, Wales and Northern Ireland but decreased in Scotland between 2021 and 2022. However, for 2023, the crime rate in England and Wales rose to 93.6 crimes per 1,000 people, while Scotland's rate increased slightly to 52.8. Over the years, England and Wales have consistently had the highest crime rate in the UK, while Scotland has shown the most improvement, dropping from 93.4 crimes per 1,000 people in 2003 to just 52.3 by 2022.
- Several cities in the country have deployed CCTV cameras. According to the College of Policing reports, the usage of CCTV cameras overall has a powerful impact on crime. The report cites a 13% decrease in crime in places with CCTV cameras compared to those without in the United Kingdom. To reduce crime and ensure safety in a busy underground system like London's, many CCTV cameras are in operation to fight crime.
- Further,cloud-based services for centralized data are being integrated, and growing industrial and commercial activities are critical factors driving the country's demand for video surveillance systems.
- Moreover, in April 2024, the government of the United Kingdom unveiled a EUR 55 million (USD 59.97 million) investment to improve facial recognition systems, incorporating the deployment of mobile units to conduct street scans for criminals, in addition to stricter penalties for individuals who attack retail employees.
Europe Video Management System Industry Overview
The Europe Video Management System Market is fragmented and consists of several players. Companies in the market continuously try to increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Johnson Controls, Bosch Security and Safety Systems, Hangzhou Hikvision Digital Technology Co., Ltd, Honeywell International Inc., and Genetec Inc.
- July 2024 - Milestone Systems announced its plans to merge with Arcules, a provider of cloud-based video surveillance solutions. This merger will unite the strengths of Milestone and Arcules in video management software (VMS), video analytics, and video surveillance as a service (VSaaS), delivering a holistic video technology package.
- April 2024 - Axis Communications unveiled the latest iteration of AXIS camera station video management software (VMS). This comprehensive solution offers enhanced adaptability to cater to diverse customer requirements. AXIS Camera Station provides various options to accommodate a wide range of needs, from small individual locations to extensive and complex deployments, such as multisite setups. It allows users to set up the optimal system either on a private network, through the cloud, or a blend of both options.
Europe Video Management System Market Leaders
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Honeywell International Inc.
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Bosch Security and Safety Systems
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Johnson Controls
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Genetec Inc.
*Disclaimer: Major Players sorted in no particular order
Europe Video Management System Market News
- April 2024: Axis Communications launched Axis Cloud Connect, an innovative cloud-based platform developed to deliver customers more secure, adaptable, and scalable security solutions. Axis Cloud Connect is customized to seamlessly integrate with Axis devices, empowering businesses with a comprehensive suite of managed services that support system and device management, video and data delivery, and meet the increasing demand for cybersecurity.
- January 2024: AxxonSoft announced the introduction of its Axxon One video management software (VMS), which is now version 2.0. This updated release boasts seamless integrations with various physical security systems, transforming the software into a comprehensive "unified" VMS. Axxon One 2.0 seamlessly incorporates ten physical security systems from diverse manufacturers and the universal OPC Data Access Wrapper interface. These integrations encompass access control systems, fire and security alarms, and perimeter intrusion detection systems.
Europe Video Management System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Security Cameras for Surveillence
5.1.2 Technological Advancement in New Product Development
5.2 Market Challenges
5.2.1 The High Initial Installation Cost
5.2.2 Concerns Regarding Data Security and Protection
6. MARKET SEGMENTATION
6.1 By Component
6.1.1 System
6.1.2 Services
6.2 By Technology
6.2.1 Analog-Based
6.2.2 IP- Based
6.3 By Mode of Deployment
6.3.1 On-Premise
6.3.2 Cloud
6.4 By End-user Industry
6.4.1 Banking and Financial Services
6.4.2 Education
6.4.3 Retail
6.4.4 Transportation
6.4.5 Logistics
6.4.6 Healthcare
6.4.7 Airports
6.5 By Country***
6.5.1 United Kingdom
6.5.2 Germany
6.5.3 France
6.5.4 Italy
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Honeywell International Inc.
7.1.2 Bosch Security and Safety Systems
7.1.3 Johnson Controls
7.1.4 Hangzhou Hikvision Digital Technology Co., Ltd.
7.1.5 Genetec Inc.
7.1.6 Dahua Technology
7.1.7 AxxonSoft, Inc.
7.1.8 Axis Communications AB
7.1.9 Identiv, Inc.
7.1.10 Milestone Systems
7.1.11 Qognify Inc.
7.1.12 Verint Systems
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Europe Video Management System Industry Segmentation
A video management system (VMS) combines hardware and software to help users automatically monitor events from any number of surveillance cameras, alarms, or sensors. The video management system provides an at-a-glance view, alerting security to potential risks, threats, occurrences, or scheduled tasks. Video management systems are typically used by governments, businesses, and other organizations requiring large-scale surveillance and security monitoring.
The Europe Video Management System Market is Segmented by Component (System and Services), Technology (Analog-Based and IP- Based), Mode of Deployment (On-Premise and Cloud), End-User Industry (Banking and Financial Services, Education, Retail, Transportation, Logistics, Healthcare, and Airports), and Country (United Kingdom, Germany, France, Italy, and Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
| By Component | |
| System | |
| Services |
| By Technology | |
| Analog-Based | |
| IP- Based |
| By Mode of Deployment | |
| On-Premise | |
| Cloud |
| By End-user Industry | |
| Banking and Financial Services | |
| Education | |
| Retail | |
| Transportation | |
| Logistics | |
| Healthcare | |
| Airports |
| By Country*** | |
| United Kingdom | |
| Germany | |
| France | |
| Italy |
Europe Video Management System Market Research FAQs
How big is the Europe Video Management System Market?
The Europe Video Management System Market size is expected to reach USD 3.43 billion in 2024 and grow at a CAGR of 19.81% to reach USD 8.46 billion by 2029.
What is the current Europe Video Management System Market size?
In 2024, the Europe Video Management System Market size is expected to reach USD 3.43 billion.
Who are the key players in Europe Video Management System Market?
Honeywell International Inc., Bosch Security and Safety Systems, Johnson Controls, Hangzhou Hikvision Digital Technology Co., Ltd. and Genetec Inc. are the major companies operating in the Europe Video Management System Market.
What years does this Europe Video Management System Market cover, and what was the market size in 2023?
In 2023, the Europe Video Management System Market size was estimated at USD 2.75 billion. The report covers the Europe Video Management System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Video Management System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Video Management System Industry Report
Statistics for the 2024 Europe Video Management System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Video Management System analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
