Video Surveillance As A Service (VSaaS) Market Size, Share, Growth Report 2030

Video Surveillance As A Service (VSaaS) Market Size:

The global Video Surveillance As A Service (VSaaS) market accrued earnings worth approximately USD 47 Billion in 2019 and is predicted to gain revenue of about USD 57 Billion by 2026, is set to record a CAGR of nearly 9.1% over the period from 2020 to 2026. The report offers an assessment and analysis of the Video Surveillance As A Service (VSaaS) market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

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Overview:

Video Surveillance as a Service is referred to as hoisted cloud-based video surveillance. The service includes video recording, management alerts, storage, cyber security, 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-deterring agents.

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Market Growth Drivers:

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 the 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 hit 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 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 exponentiate the growth potential of the market in the foreseeable future.

North American Market To Touch New Heights Of Growth By 2026:

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 in the near future. 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 global Video Surveillance As A Service (VSAAS) Market Report Scope:

Key participants profiled in the study 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.
• HikVision Digital Technology Co. Ltd. 

The global Video Surveillance As A Service (VSAAS) Market is segmented as follows:

By Product  

• IP-Based
• Analog

By Component

• Hardware
• Software
• Services

By Application

• Residential
• Retail
• Transportation
• Government
• Hospitality
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa