Enjoy complimentary customisation on priority with our Enterprise License!
The Video Surveillance as a Service (VSaaS) Market size is estimated to grow at a CAGR of 18.65% between 2022 and 2027. The market size is forecast to increase by USD 4,936.48 million. The growth of the market depends on several factors, including a rise in urbanization and infrastructure development, the suitability of video surveillance for smart cities, and ease of accessibility and remote monitoring. Video surveillance as a service (VSaaS) is a cloud-based solution that provides remote video monitoring, storage, and management for surveillance cameras and systems. VSaaS offers various benefits, including flexibility, scalability, accessibility, and reduced maintenance.
This video surveillance as a service market report extensively covers market segmentation by solution (hosted, managed, and hybrid), end-user (commercial, industrial, and residential), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
One of the key factors driving video surveillance as a service market growth is the rise in urbanization and infrastructure development. The increase in expansion of cities can lead to several new infrastructure projects and developments which, in turn, fuels the demand for advanced video surveillance solutions, particularly cloud-based offerings. Additionally, there is increasing adoption of smart city concepts across urban areas to improve efficiency, security, and quality of life.
Moreover, some of the main advantages of VSaaS in these infrastructures include offering real-time video monitoring of public spaces, traffic management, and emergency response systems. Additionally, cloud-based surveillance solutions provide various cities the capacity to deploy and manage surveillance cameras across different locations and thereby enabling law enforcement agencies to monitor and respond to incidents effectively. Thus, it is positively impacting the video surveillance as a service (VSaaS) market growth. Hence, such factors are expected to drive market growth during the forecast period.
A key factor shaping video surveillance as a service market growth is the adoption of artificial intelligence and video analytics. Artificial intelligence and video analytics are revolutionizing the global VSaaS market landscape, by improving the capabilities and effectiveness of cloud-based surveillance solutions. The main advantages of these technologies include improved security, operational efficiency, and decision-making by enabling advanced features, insights, and automation.
As a result, it helps to improve the ability to identify and monitor individuals, vehicles, and objects of interest in real-time. Additionally, it can be widely used to analyze patterns and behaviors captured in video feeds which include detecting unusual or suspicious activities, including loitering, abandoned objects, or crowd anomalies, which enables proactive threat detection and prevention. Therefore, it is positively impacting the video surveillance as a service (VSaaS) market growth. Hence, such factors are expected to drive market growth during the forecast period.
Slow internet speed is one of the key challenges hindering video surveillance as a service market growth. The high cost of transmission of videos is one of the major challenges in offering a hosted video service. Additionally, a high-speed internet connection is crucial for both customers as well as third-party security agencies in order to transmit the videos. Several of the broadband or high-speed Internet service providers offer asymmetric connections (the download speed is often much higher than the upload speed) whereas it is essential for customers to have high internet speed for uploading.
However, some of the main factors which influence the speed of the Internet include optical fiber, available bandwidth, and satellite network connections. Hence, the slow speed of the internet can negatively impact the video surveillance as a service (VSaaS) market. Therefore, such factors are expected to hinder market growth during the forecast period.
The hosted segment is estimated to witness significant growth during the forecast period. Several VSaaS providers in the market are providing all types of high-quality camera footage and security systems as hosted video surveillance solutions. Some of the key benefits of the hosted solution segment are scalability, accessibility, and reduced maintenance burden.
Get a glance at the market contribution of various segments View Free PDF Sample
The hosted segment was the largest segment and was valued at USD 1,103.60 million in 2017. The main advantage of the hosted solutions segment is that it can easily be customized as per the changing consumer requirements as it can remove or add cameras and storage capacity as needed without the need for significant infrastructure changes. This segment is extensively used for businesses with various locations or for remote monitoring. Many prominent hosted solution providers offer several robust security measures such as encryption, authentication, and redundancy, to protect your video data. Hence, factors including scalability and ease of maintenance are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
The increase in installations of video surveillance in retail sectors is fuelling the commercial segment which in turn will increase the market growth. There is an increasing adoption of security technologies across retail sectors such as electronic article surveillance systems, radio frequency identification systems, and video surveillance systems, for the protection of their assets. The main advantage of video surveillance solution in the retail sector is that it helps to prevent shoplifting as well as ensure that the employees in the retail establishment do not steal any products from the inventory. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors which significantly contribute to the growth of the video surveillance as a service (VSaaS) market in North America are the early adoption of technologies in several industries, the need to prevent counter-terrorism, and rapid urbanization and industrialization.
Moreover, the main regions which are significantly fuelling the demand for video surveillance solutions in North America include Cities in the US, such as Houston, Chicago, and New York City. As North America is an early adopter of new technologies, many residences and industries in the region have the necessary infrastructure to implement video surveillance solutions. The main purpose of video surveillance solutions in these sectors is to protect assets, foster a safe, compliant, and healthy working environment, and improve the productivity of the workforce. Hence, such factors are expected to drive market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of global video surveillance as a service market witnessed significant growth due to the increasing number of COVID-19 cases which in turn fuels the demand for video surveillance solutions in North America. However, in 2021, the market has recovered post-COVID-19 and is estimated to grow at a CAGR of 18.65% during the forecast period.
The video surveillance as a service market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Video Surveillance as a Service Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The video surveillance as a service market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Video Surveillance as a Service Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
167 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 18.65% |
|
Market growth 2023-2027 |
USD 4,936.48 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
17.11 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 34% |
|
Key countries |
US, China, Japan, Germany, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
ADT Inc., Advanced Control Corp., Avid Communications LLC, Camcloud Inc., Canon Inc., Cisco Systems Inc., Cloudastructure Inc., ControlByNet LLC, D Link Corp., Drive Headquarters Inc., Eagle Eye Networks Inc., Genetec Inc., Honeywell International Inc., Iveda Solutions Inc., Motorola Solutions Inc., Napco Security Technologies Inc., NW Security Group Ltd., Pacific Control Systems, Robert Bosch GmbH, and VIVOTEK Inc |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Solution
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
