Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.02 Billion | USD 20.15 Billion | 14.9% | 2024 |
The global video surveillance as a service (VSaaS) market size was worth around USD 5.02 Billion in 2024 and is predicted to grow to around USD 20.15 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 14.9% between 2025 and 2034. The report analyzes the global video surveillance as a service (VSaaS) market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the video surveillance as a service (VSaaS) industry.
Video Surveillance as a Service is referred to as cloud-based video surveillance. The service includes video recording, management alerts, storage, cybersecurity, and remote viewing. With a large number of businesses adopting cloud services, the video surveillance as a service (VSAAS) market is anticipated to gain traction over the upcoming years. Furthermore, video surveillance set up inside or outside workplace premises helps in displaying the video of criminals or burglars vandalizing or stealing the property of the organization. The images captured through video surveillance ensure effective police inquiry, with cameras acting as crime-deterrent agents.
Growing security concerns, along with the need for advanced surveillance network facilities, will proliferate the expansion of the video surveillance as a service (VSAAS) industry over the upcoming years. Escalating demand for intrusion identification and traffic investigation will help the market reach its highest threshold in the upcoming years. With technological breakthroughs resulting in the production of enhanced surveillance cameras, the video surveillance as a service (VSAAS) market is slated to experience momentous growth over the forthcoming years.
Moreover, a reduction in IT prices and centralized data management activities are predicted to produce new growth avenues for the video surveillance as a service (VSAAS) industry over the upcoming years. In addition to this, the use of big data analytics by small as well as giant firms is predicted to open higher vistas of growth for the video surveillance as a service (VSAAS) market over the forecast timeline.
Nonetheless, growing privacy concerns pertaining to public surveillance can put the brakes on the growth path of video surveillance as a service (VSAAS) business over the ensuing years. However, mobile video surveillance helps in real-time data viewing, and this is likely to accelerate the growth potential of the market in the foreseeable future.
The global video surveillance as a service (VSaaS) market is segmented based on camera type, service type, deployment model, verticals, and region.
Based on Camera Type, the global video surveillance as a service (VSaaS) market is divided into analog cameras and IP cameras.
On the basis of Service Type, the global video surveillance as a service (VSaaS) market is bifurcated into video recording, video storage, video streaming, video analytics, and others.
By Deployment Model, the global video surveillance as a service (VSaaS) market is split into hosted, managed, and hybrid.
In terms of Verticals, the global video surveillance as a service (VSaaS) market is categorized into commercial, residential, government, industrial, and others.
Report Attributes | Report Details |
---|---|
Report Name | Video Surveillance As A Service (VSaaS) Market |
Market Size in 2024 | USD 5.02 Billion |
Market Forecast in 2034 | USD 20.15 Billion |
Growth Rate | CAGR of 14.9% |
Number of Pages | 190 |
Key Companies Covered | Genetec Inc., Geovision, Honeywell Security Group, Axis Communications AB, Bosch Security Systems Inc., Pelco Inc., Cisco Systems Inc., Canon Inc, Panasonic System Networks Co. Ltd, Agent Video Intelligence, Zhejiang Dahua Technology Co. Ltd., and HikVision Digital Technology Co. Ltd., and others. |
Segments Covered | By Camera Type, By Service Type, By Deployment Model, By Verticals, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Touch New Heights Of Growth By 2034
The regional market growth over the assessment period can be credited to the presence of many camera producers as well as access to low-cost video surveillance tools & services in the countries such as the U.S. Apart from this, low investment costs, escalating popularity of real-time surveillance information, and scalability provided by VSaaS is likely to extend the market scope in the region shortly. Favorable government schemes for replacing conventional analog cameras with IP-based systems will increase the popularity of the services in the sub-continent over the upcoming years.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the video surveillance as a service (VSaaS) market on a global and regional basis.
The global video surveillance as a service (VSaaS) market is dominated by players like:
The global video surveillance as a service (VSaaS) market is segmented as follows;
By Camera Type
By Service Type
By Deployment Model
By Verticals
By Region
FrequentlyAsked Questions
The global video surveillance as a service (VSaaS) market is expected to grow due to Increasing demand for cloud-based, scalable security solutions in commercial and residential sectors fuels growth. Advances in AI and IoT integration also support market adoption.
According to a study, the global video surveillance as a service (VSaaS) market size was worth around USD 5.02 Billion in 2024 and is expected to reach USD 20.15 Billion by 2034.
The global video surveillance as a service (VSaaS) market is expected to grow at a CAGR of 14.9% during the forecast period.
North America is expected to dominate the video surveillance as a service (VSaaS) market over the forecast period.
Leading players in the global video surveillance as a service (VSaaS) market include Genetec Inc., Geovision, Honeywell Security Group, Axis Communications AB, Bosch Security Systems Inc., Pelco Inc., Cisco Systems Inc., Canon Inc, Panasonic System Networks Co. Ltd, Agent Video Intelligence, Zhejiang Dahua Technology Co. Ltd., and HikVision Digital Technology Co. Ltd., among others.
The report explores crucial aspects of the video surveillance as a service (VSaaS) market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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