Video Surveillance as a Service, aka VSaaS, is a process that involves monitoring as well as observing activities at a particular location. It also helps observe the behavior and movements of a group of people or an individual. It holds these capabilities to provide improved security and safety. A research report on the global video as a surveillance market was conducted by the team of Market Research Future (MRFR). The released report stated that the global market is expected to garner considerable growth in the coming years. More specifically, the global video as a surveillance market is projected to attain a CAGR of 19% over the forecast period of 2016 and 2022. Additionally, the market valuation is predicted to reach USD 2.7 billion by the end of the forecast period.
The report by MRFR extracted various key findings about the future growth potential of the global market. Some of the major driving factors of the Video Surveillance as a Service Market are the increasing adoption of high-end cameras, emergence of various advanced video surveillance technologies, booming popularity of the Internet of Things (IoT) across different sectors, and rapid advancements made in the tech landscape. However, on the flip side, high infrastructural cost of installing VSaaS, corporate protocols, and various network security issues can majorly hamper the overall growth of the market in the coming years.
The key players of video surveillance as a service global market report include, Brivo Inc, (U.S.) Bosch Security Systems (Germany),, Cisco Systems, Inc. (U.S.) Hangzhou Hikvision Digital Technology Co.,Ltd (China), Honeywell international Inc. (U.S.),, Panasonic System Networks Co. Ltd (Japan), Genetec (Canada), Cloudastructure Inc, (U.S.) , Neo Solutions, Inc (U.S.) and others.
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The global video surveillance as a service market has been segmented on the basis of application, component, end user, service and lastly region. The application-based segmentation segments this market into commercial, industrial, infrastructure, residential, and others. On the basis of components, the market got segmented into hardware and software/analytics. By end-users, the market has been segmented into commercial, industrial, infrastructure, and residential. As per services, the market segmentation covers managed services, hosted services, and others.
The regional segmentation of the global video surveillance as a service market segments the market into continent-based regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). North America is the biggest regional market. The strongest country-specific market in this region is the United States of America (USA). Many key players in the market are based in the USA. The factors driving the growth of North American market include advancements in the Information Technologies (IT) industry, adoption of the security technology, rapid technological advancement, strict government regulations, and growing focus on critical infrastructure protection. Another important country-specific market in this region is Canada.
According to the report, the Asia Pacific region has been expected to be rise as the fastest growing market during the forecast period. The primary market drivers in this region include awareness about video surveillance, the growth of technology, government initiatives, increasing demand for smart cities, increasing need for the cloud service, and safety regulations. The most important country-specific markets in this region include China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region.
Europe has been anticipated to grow steadily over the forecast period. In this region, the market is expected to grow due to factors including advancements in the technology sector, increased adoption of cloud-enabled video surveillance, and government policies. In Europe, the significant country-specific markets include France, Germany, Russia, and the United Kingdom (UK), followed by the rest of Europe.
Latest Industry News
Johnson Control has added a bullet model to the Illustra Flex 4K camera line. It has also updated the Smartvue platform to work with Tyco’s new Cloud-powered surveillance cameras. Flex Bullet camera is well-suited for exterior applications of retail boutiques, schools, small bank branches, and small to medium size offices. 1 OCT 2018
Iveda® worldwide enabler of cloud-based video surveillance and data management through the licensing of its Sentir® platform launched IvedaAI. IvedaAI is available to service providers such as alarm & monitoring companies’ security integrators, and telecoms for reselling to their customers. 25 SEP 2018
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TABLE OF CONTENTS
LIST OF FIGURES
Figure 1 Research Type
Figure 2 Global Video Surveillance As A Service Market: By Component
Figure 3 Global Video Surveillance As A Service Market: By Service
Figure 4 Global Video Surveillance As A Service Market: By Application
Figure 5 Global Video Surveillance As A Service Market: By Region
Figure 6 North America Video Surveillance As A Service Market, By Component
Figure 7 North America Video Surveillance As A Service Market, By Service
Figure 8 North America Video Surveillance As A Service Market, By Application
Figure 9 North America Video Surveillance As A Service Market, By Countries
Figure 10 Europe Video Surveillance As A Service Market, By Component
Figure 11 Europe Video Surveillance As A Service Market, By Service
Figure 12 Europe Video Surveillance As A Service Market, Application
Figure 13 Europe Video Surveillance As A Service Market, By Countries
Figure 14 Asia-Pacific Video Surveillance As A Service Market, By Component
Figure 15 Asia-Pacific Video Surveillance As A Service Market, By Service
Figure 16 Asia-Pacific Video Surveillance As A Service Market, By Application
Know More about this Report @ https://www.marketwatch.com/press-release/video-surveillance-as-a-service-vsaas-market-size-global-trends-historical-analysis-development-status-statistics-business-strategy-competitive-landscape-and-regional-forecast-2022-2019-07-10
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