The IP Video Surveillance and VSaaS comprise two applications, an IP or Internet protocol video surveillance, and VSaaS or Video Surveillance as a service. The functions of IP Video Surveillance are to capture images and record videos that are further compressed, stored, and transferred over a communication network. Whereas, the VSaaS or Video Surveillance as a service is basically cloud-based video surveillance that performs various activities including- video recording, management alerts, storage, and cyber security offers by cloud platforms.
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The Global IP Video Surveillance and VSaaS Market is projected to grow at a compound annual growth rate (CAGR) of 10% during the forecast period 2024-2031. The rising adoption of Video Surveillance and VSaaS systems among various organizations and verticals including- financial institutions, government, healthcare, and enterprises among others are the factors that are expected to raise the demand for higher security, surveillance, and monitoring measures that are augmented to drive the market growth of the Global IP Video Surveillance and VSaaS Market during the forecast period. The increasing demand for security concerns in higher risk areas, rising adoption of IoT and significantly growing transition of IP Cameras over analog surveillance are some major factors, expected to fuel the market growth of the Global IP Video Surveillance and VSaaS Market.
The market growth of IP Video Surveillance and VSaaS Market is gradually increased due to the rapidly increasing adoption of IP security cameras for the transfer of information and data and enables the transmission of signals over a network. This system offers better transmission over an analog signal sent to a DVR and is anticipated to drive the market growth of the Global IP Video Surveillance and VSaaS Market. The rising trends for IP cameras and VSaaS among bog departmental sectors, malls, workshops, food chains, and factories among others to evaluate and examine ongoing activities. Thus, it will positively impact the market growth and create exponential opportunities to drive the growth of the Global IP Video Surveillance and VSaaS Market during the forecast period.
Meanwhile, the Global IP Video Surveillance and VSaaS Market is segmented by Product Type, Application, and Region on the basis of market shares and revenues attributed by each segment. Based on the product type, the IP Video Surveillance and VSaaS Market is segmented into- Hardware, Software, Cloud-Based Solutions, and Services. The Hardware segments are further categorized as Impact Camera, Monitor, and Storage sub-segments. The Software segment is subdivided into- Video Analytics and Video Management Systems. The Cloud-based service is further segmented into- Cloud Storage by Product Software and Cloud Storage by Deployment type. Additionally, the Service segment is further segmented into- VSaaS, Hybrid VSaaS, Hosted VSaaS, Managed VSaaS, and Integrated Services IP Surveillance segments.
Based on the Application, the IP Video Surveillance and VSaaS Market is categorized into- BFSI, Retail, Government & Higher Security, Manufacturing & Corporate, Residential, Entertainment, Healthcare, and Others segment. The market is dominated by Banking & Financial Sector (BFSI) and is expected to hold the largest market size and shares for the Global IP Video Surveillance and VSaaS Market during the forecast period. The rapidly increasing adoption of IP Security Cameras in BFSI for security concerns, owing to prevent risk factors by monitoring the activity among premises of BFSI sectors to track and manage fraudulent activities, is a key factor that is projected to flourish the market growth and augment lucrative opportunities for Global IP Video Surveillance and VSaaS Market growth by application segment.
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Market Coverage
- Segment Covered-
o By Product Type
o By Application
- Competitive Landscape- HKVISION, Ltd., Bosch Security System, Honeywell Security Group, Dahua Technology, D-Link Corporation, Panasonic, Avigilon, Axis Communication, Infinova, and Mobotix AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global IP Video Surveillance and VSaaS Market Segment
By Product Type
- Hardware
- Software
- Cloud Based Solution
- Services
By Application
- BFSI
- Retail
- Government & Higher Security
- Manufacturing & Corporate
- Residential
- Entertainment
- Healthcare
- Others
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