Global Video Surveillance as a Service (VsaaS) market is anticipated to grow at a CAGR of 16.8% during the forecast period (2024-2031). The application of video surveillance in business is growing significantly due to the increasing need for physical security and the use of cloud-based services for centralized data. The introduction of new IP-based digital technologies, to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks is expected to fuel the growth of the VSaaS market. Additionally, favorable government policies and regulations related to the application of video surveillance devices in commercial & residential buildings further promote the market growth. VSaaS held a major market share in developed nations such as the US, UK, Germany, and Canada owing to their stringent safety measures.
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Certain issues associated with the market such as high bandwidth & high-capacity storage requirements may have a negative impact on the growth of the market. Additionally, hacking and other piracy issues can restrain market growth during the forecast period. However, technological advancements in VSaaS and rising safety concerns are posing potential growth opportunities for the VSaaS market in near future. Moreover, emerging economies of the Asia-Pacific region such as India, China, and South Korea are creating splendid opportunities for market growth.
Segmental Outlook
Global Video Surveillance as a Service (VSaaS) market is segmented on the basis of end-users and type. Based on the end-user segment, the market is segmented into commercial, infrastructure, residential, military & defense, and industrial. The commercial segment is anticipated to exhibit considerable growth during the forecast period. The rising cases related to theft in banking & financial, retail, and media & entertainment industries is creating demand for effective VSaaS to limit such cases is expected to drive the growth of this market segment. Based on the type, the market is segmented into analog video surveillance and IP-based video surveillance.
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Market Coverage
- Segment Covered- By End-Users and By Type
- Regions Covered- North America, Europe, Asia-Pacific, and Rest of the World
- Competitive Landscape: ADT Security Services, Cisco Systems Inc., Honeywell International Inc., Bosch Security System, Inc., Canon Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 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 Video Surveillance as a Service Market Report Segment
By End-User
- Commercial
- Infrastructure
- Residential
- Military & Defense
- Industrial
By Type
- Analog Video Surveillance
- IP Based Video Surveillance
Company Profiles
- 3GC Group
- Agent Video Intelligence Ltd.
- Artec Technologies AG
- CBC Group
- Cisco Systems Inc.
- Coreveillance, LLC
- D-Link Corp.
- Eyewitness Acquisition LLC
- Genetec, Inc.
- Geovision, Inc.
- Hangzhou Hikvision Digital Tehnology Co., Ltd.
- Hanwa Techwin Co., Ltd.
- LC Realtech Inc.
- The Infinova Group
- Iveda Solutions, Inc.
- Jvalley Software Solutions
- Konica Minolta Inc. (Mobotix AG)
- Lab Information Technology Inc.
- Motorola Solutions
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