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Video Management Software Market to Grow by USD 14.01 billion (2024-2028) as AI Drives Transformation and Global Security Demand Increases

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NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report with the AI impact on market trends- The global video management software market  size is estimated to grow by USD 14.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 24.89%  during the forecast period. Increasing need for security across globe is driving market growth, with a trend towards emergence of smart cities. However, high initial license cost of vms  poses a challenge. Key market players include Aeronautics Ltd., AxxonSoft, Cathexis (Pty) Ltd, Digital Watchdog, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova Group, Johnson Controls International Plc., Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc., Vicon Industries Inc., and VIVOTEK Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

Segment Covered

End-user (Public, Commercial, and Residential) and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

Aeronautics Ltd., AxxonSoft, Cathexis (Pty) Ltd, Digital Watchdog, Genetec Inc., Honeywell International Inc., Identiv Inc., Infinova Group, Johnson Controls International Plc., Milestone systems AS, Mindtree Ltd., Motorola Solutions Inc., Qognify Ltd., Robert Bosch GmbH, Salient Systems Corp., Schneider Electric SE, Teledyne Technologies Inc., Verint Systems Inc., Vicon Industries Inc., and VIVOTEK Inc.

Key Market Trends Fueling Growth

The Video Management Software market is a significant business sector, providing solutions for organizations to effectively manage and distribute video content. These tools enable companies to store, organize, and deliver videos to various platforms, enhancing communication and engagement with customers and employees. The software offers features like video hosting, encoding, transcoding, and analytics, contributing to improved productivity and marketing strategies. Companies across industries are increasingly adopting Video Management Software to streamline their video content operations. 

The Video Management Software (VMS) market is experiencing significant growth due to increasing demand from various sectors, including security agencies and authorities, retail environments, and large corporations. With the rise of terror attacks and cross-border activities, surveillance technologies have become essential for ensuring public safety. CCTV cameras and security cameras are being installed in public places, airports, ATMs, banks, residential buildings, religious places, and other critical infrastructure. Security agencies and authorities require advanced VMS solutions for effective video surveillance and facility protection. The VMS industry offers professional and managed services, as well as cloud deployment options, to cater to the needs of SMEs and large corporations. VMS solutions are also being integrated with AI security systems and AI analytics for enhanced security and threat detection. Video content duplication is a major concern for the VMS industry, and video management distributors are addressing this issue by providing secure solutions. The VMS market also caters to the needs of smart city projects and hospitality businesses. Milestone Systems is a leading player in the VMS industry, offering both cloud-based and on-premise solutions. National security is a priority, and VMS solutions are being used to protect critical infrastructure from cyber assaults and WAN vulnerabilities. VAST Security Station and VSS Lite, Standard, and Professional are popular VMS solutions in the market. 

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Market Challenges

The Video Management Software market is a significant business sector, enabling organizations to efficiently manage and distribute video content. This software facilitates uploading, editing, storing, and streaming videos. It offers features like metadata tagging, access control, and analytics for effective content management. Companies across various industries use it for training, marketing, and internal communication purposes. The software’s ease of use and scalability make it an essential tool for businesses aiming to leverage video content in their operations.The Video Management Software (VMS) market faces unique challenges in various sectors, including residential buildings, religious places, and video surveillance for facility protection. Cross-border activities bring additional complexities due to legal and regulatory differences. VMS providers like VAST Security Station offer AI security systems to enhance security, with offerings like VSS Lite, Standard, and Professional catering to different needs. AI analytics, Milestone Systems, and cloud-based or on-premise solutions are key considerations. National security and public safety demand advanced features like computer vision, video analytics, and facial recognition. Threats such as terrorist attacks, global outbreaks, and mass robbery necessitate data security and protection. Semiconductor chips, IP cameras, DVRs, and copper, aluminum, nickel, and platinum components are essential hardware components. Cloud deployment models and analog technology coexist, requiring versatile solutions. VMS must address terrorism, illegal immigration, and digital forensics, ensuring data security and protection.

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Segment Overview 

This video management software market report extensively covers market segmentation by

End-user 1.1 Public1.2 Commercial1.3 ResidentialGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Public-  The Video Management Software market is a significant business sector, enabling organizations to effectively store, manage, and distribute video content. This software streamlines processes, enhances collaboration, and boosts productivity. Companies use it for various applications, including training, marketing, and customer support. Market leaders offer features such as video hosting, transcoding, and analytics, making video management an essential tool for modern businesses.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data ( – )

Research Analysis

The Video Management Software (VMS) market has gained significant traction in recent years due to the increasing demand for advanced security solutions. With the rise of terror attacks, global outbreaks, and cross-border activities, the need for effective video surveillance has become more critical than ever. Security agencies and authorities rely on VMS to monitor and protect physical and capital assets, while the public seeks peace of mind and safety. VMS solutions enable the management and analysis of footage from CCTV cameras and other surveillance technologies. They offer various features such as AI security systems, facial recognition, and video analytics to enhance security and improve response times. VMS is essential for facility protection, particularly in high-risk environments, and can be used to monitor public spaces, transportation hubs, and critical infrastructure. VMS solutions come in different tiers, including VSS Lite, VSS Standard, and VSS Professional, catering to various budgets and requirements. VMS is a powerful tool in the fight against crime and terrorism, and its importance will only continue to grow in the future.

Market Research Overview

The Video Management Software (VMS) market is a critical component of modern security infrastructure, serving the needs of various sectors including security agencies, authorities, and citizens. With the increasing threat of terror attacks and cyber assaults, the demand for advanced surveillance technologies and VMS solutions has grown. CCTV cameras, security cameras, and IP cameras are being installed in retail environments, smart city projects, hospitality businesses, airports, ATMs, banks, residential buildings, religious places, and more. VMS software enables the management, storage, and analysis of video content from these cameras. The VMS industry caters to large corporations, SMEs, and infrastructure projects, offering professional and managed services, cloud deployment, and on-premise solutions. AI security systems, AI analytics, and facial recognition are becoming increasingly popular features. The VMS market is also impacted by infrastructure needs, such as WANs, semiconductor chips, and copper, aluminum, nickel, and platinum for manufacturing cameras. The market is further influenced by global events like terrorist attacks, mass robberies, and illegal immigration. Digital forensics and data security & protection are essential aspects of the VMS market, ensuring the integrity of surveillance videos and preventing unauthorized video content duplication. The VMS market continues to evolve, with advancements in computer vision, video analytics, and behavioral analytics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userPublicCommercialResidentialGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Introducing TuniTuni to Malaysia: Korea’s No. 1 Storytelling Play Gym Now Open in Kuala Lumpur

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KUALA LUMPUR, Malaysia, Oct. 15, 2024 /PRNewswire/ — With the arrival of TuniTuni, Korea’s No. 1 storytelling play gym, a world of adventure and learning awaits young children in Malaysia. Launching its first center in Malaysia on October 13th, TuniTuni brings a fresh approach to early childhood education for children ages 1 to 5, combining movement, imagination, and real-life scenarios to foster physical development, emotional intelligence, and a lifelong love for activity.

With a rich history since 2003, TuniTuni has become a key part of early childhood education in Korea. In fact, one in six Korean children has experienced its unique blend of learning and play. What sets TuniTuni apart, is its ever-changing weekly program, which ensures children stay engaged and excited with new topics and activities each week.

At TuniTuni Malaysia, children develop gross and fine motor skills through carefully crafted play materials and guided activities. Each session is designed to encourage kids to try new movements, explore creative topics, and learn through hands-on play. Storytelling is at the heart of every activity, helping children retain knowledge while keeping their curiosity alive.

TuniTuni’s mission is simple: to build confidence in physical activity and explore movement as a natural part of children’s lives. Through step-by-step exercises designed for success, TuniTuni helps children cultivate a positive attitude toward physical activity from an early age. At the same time, TuniTuni creates meaningful connections between parents and children, fostering shared experiences that strengthen family bonds. The joyful memories made during these early years will last a lifetime.

Parents eager to discover more about TuniTuni Malaysia can take advantage of the special Opening Promotion, which includes a Free Trial Class, a Registration Fee Waiver, and exclusive gifts like a TuniFriends Doll or Ball and a TuniTuni T-shirt (while stocks last). To sign up, contact +6012-227 1670 or message TuniTuni Malaysia on Instagram and Facebook.

The TuniTuni center is located at United Point Mall, Unit 1-08 & 1-09, First Floor, No. 10, Jalan Lang Emas, 51200 Kuala Lumpur. Parents are welcome to visit anytime. For more details, visit the TuniTuni global website at tunituniglobal.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/introducing-tunituni-to-malaysia-koreas-no-1-storytelling-play-gym-now-open-in-kuala-lumpur-302275782.html

SOURCE TuniTuni Malaysia

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UnionPay International Signs MOU with Vietnam’s NAPAS

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China-Vietnam QR code interoperability speeds up

HANOI, Vietnam, Oct. 15, 2024 /PRNewswire/ — On October 13, UnionPay International (UPI) and the National Payment Corporation of Vietnam (NAPAS) signed a Memorandum of Understanding (MOU) in Hanoi. Both parties agree to deepen the collaboration on cross-border QR code interoperability and enable QR payments by UnionPay and Vietnamese local bank applications/e-wallets on each other’s networks, so as to enhance the experience of users from both countries. Mr. Dong Junfeng, Chairman of UnionPay International, and Mr. Nguyen Quang Hung, BOD Chairman of NAPAS, attended the signing ceremony.

Mr. Dong Junfeng said that UnionPay, as China’s important financial infrastructure and a leading global card scheme, while improving its own acceptance network, has been actively driving interoperability with payment networks in international markets to build an open and inclusive ecosystem. This partnership model has been widely implemented in ASEAN countries. The collaboration in Vietnam, as the latest achievement, will provide convenient payment services for the Chinese and Vietnamese as they travel across borders, help both countries promote the high-quality cooperation of the Belt and Road Initiative, and contribute to China’s high-standard opening up.

On August 19, 2024, the central banks of China and Vietnam signed an MOU to further promote collaborative efforts in areas including cross-border payment interoperability. In line with this framework, UPI has been deepening collaboration with NAPAS and will open up the UnionPay network to Vietnamese wallets on a large scale. In the future, Vietnam’s local banking app and e-wallet users will be able to scan UnionPay QR for payment in China’s mainland.

The collaboration is significant in that it enhances UnionPay’s service capability to support both inbound and outbound payments, making payments easier for Vietnamese visitors to China. In addition, it helps drive the transformation of the payment industry in Vietnam by supporting local banking apps and e-wallets to expand their use only in domestic but also in the partner country. Moreover, it sets an example of payment network collaboration for the neighboring countries and brings network linkages between China and ASEAN countries to a new level.

Network interoperability is UnionPay’s innovative collaboration model for QR networks, which allows UnionPay and its international partners to quickly enable mutual acceptance on a large scale through simple integration. The model has been widely recognized by international industry stakeholders since its launch. Up to now, UnionPay’s partnerships with QR code networks in South Korea, Sri Lanka, Cambodia, Malaysia and Laos have increased the number of UnionPay QR merchants to 8 million outside China’s mainland, proving to be increasingly effective as it scales up.

UnionPay’s acceptance network has been extended to 183 countries and regions. Outside China’s mainland, over 69 million online and physical merchants support UnionPay cards, and nearly 250 million UnionPay cards have been issued in 83 countries and regions. In Southeast Asia in particular, UnionPay has been enabled for over 90% ATMs and POS terminals, and UnionPay mobile payment is available in all ten ASEAN countries. A total of nearly 50 million cards have been issued in the region and 30+ UnionPay-powered wallets launched. In Vietnam, more than 90% of merchant POS terminals take UnionPay cards, over 60,000 merchants support QR payments, and multiple local organizations have issued UnionPay cards on a large scale and launched UnionPay-powered wallets.

View original content:https://www.prnewswire.com/apac/news-releases/unionpay-international-signs-mou-with-vietnams-napas-302275800.html

SOURCE UnionPay International

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The Enterprise Asia Linchpin of Asia Awards 2024 commemorates Taiwan Alpha Electronic Co., Ltd.

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SINGAPORE, Oct. 15, 2024 /PRNewswire/ — The prestigious Enterprise Asia Linchpin of Asia Awards 2024 showcased the pinnacle of excellence among Asia’s most distinguished industry leaders and enterprises, with a grand celebration at the Bangkok Marriott Hotel The Surawongse, Thailand. Organized by regional NGO Enterprise Asia, the Linchpin of Asia Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia.

Taiwan Alpha Electronic Co., Ltd. (Taiwan Alpha) embarked on its journey in 1970 as the pioneering potentiometer manufacturer in Taiwan that specializes in designing and manufacturing potentiometers, switches, and encoders, which are widely utilized in professional audio, lighting, and home appliances. Over the years, Taiwan Alpha has solidified its position as a key player in this field, establishing a robust presence in the market.

Despite its market position in industry, Taiwan Alpha remains committed to challenging itself, embracing competition, and pursuing growth. Through strategic planning and consistent investments in research and development, the company has successfully integrated flexible membrane sensors—including force, stretch, bend and position sensing—into its core business, while also tapping into emerging markets such as wearable devices and rehabilitation.

In recent years, Taiwan Alpha has experienced significant growth and development. Despite maintaining a consistent number of offices, the company strategically expanded its manufacturing capabilities to meet the growing demand for membrane sensors. Through initiatives like automation, which streamlines operations, boosts production capacity, and cuts lead times, demonstrating the company’s commitment to operational excellence. This has resulted in a more efficient workforce, increased competitiveness, and enhanced overall customer satisfaction.

Financially, Taiwan Alpha has consistently been profitable even during the COVID-19 pandemic. This enduring profitability is attributed not only to operational excellence initiatives but also to comprehensive asset management practices, including a thorough inventory assessment and the effective utilization of existing assets. These ensure the company’s resource optimization and provide a healthy financial structure for sustainable growth.

To expand its international presence, Taiwan Alpha has implemented various strategies. These include participation in overseas exhibitions and the formation of active partnerships with distributors, aiming to diversify its customer base and establish a stronger foothold in new markets. Moreover, by analyzing customer inquiries and product interest levels during exhibitions, Taiwan Alpha refines its investment focus on areas with the most potential, further enhancing its market penetration strategy.

As a company spanning over 50 years, Taiwan Alpha recognizes the importance of a succession plan for sustained success. The company prioritizes nurturing internal talent and grooming future leaders through investments in professional development and advancement opportunities. This strategic approach aims to build up a robust leadership pipeline, positioning Taiwan Alpha for enduring success.

This recipient of the prestigious Linchpin of Asia Award has established its position as a leading force in the manufacturing industry. This recognition underscores the company’s significant influence on the Asian business landscape.

PR Newswire is the Official News Release Distribution Partner of the Enterprise Asia Linchpin of Asia Awards 2024.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Enterprise Asia Linchpin of Asia Awards

The prestigious Enterprise Asia Linchpin of Asia Awards is a premier recognition program dedicated to honoring only the most excellent and elite industry leaders and enterprises exclusively selected across Asia. The award honors the best business leaders and enterprises in Asia who have triumphed in the ever-changing waters of business, forging success at the peak of their respective industries. For further information, please visit www.apea.asia/linchpinofasiaawards.

View original content:https://www.prnewswire.com/apac/news-releases/the-enterprise-asia-linchpin-of-asia-awards-2024-commemorates-taiwan-alpha-electronic-co-ltd-302275801.html

SOURCE Enterprise Asia

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