Video Surveillance as a Service (VSaaS) market is projected to grow at a CAGR of 20.83% over the forecast period to reach US$5.548 billion in 2025 from US$1.783 billion in 2019. Video Surveillance as a Service (VSaaS) is a source of video subsystems in a facility to collect, manage and present video in a clear and concise manner. The development of video analytics, intelligent video surveillance, and Wireless IP surveillance is driving the market. Low investment is required for establishing VSaaS services. VSaaS provides real-time and remote access to video surveillance data with flexible scalability. The market is growing due to the availability of low-cost video surveillance systems and the presence of several camera manufacturers. Increasing public safety by using surveillance is developing infrastructure for VSaaS services. Rise in safety in high-risk areas and developing smart cities require high-quality video surveillance for security. Governments are implementing new technologies and strategies to ensure public safety and security from crimes such as robberies, antisocial behaviours, inventory losses, and terrorist attacks among several others. It has become a compulsion for implementing cost-effective and feasible solutions for saving people from catastrophic attacks. Increasing the use of smartphones and other devices is growing the demand for video surveillance services through the implementation of numerous new technologies like smart applications, and purpose builds mobile applications for improving workflows. This application will help in connecting smartphones to cloud services directly and enabling them to watch the video without any hindrance.
By Framework
By framework, the Video Surveillance as a Service (VSaaS) market has been segmented as software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS).
By Application
By application, the Video Surveillance as a Service (VSaaS) market is segmented as commercial, residential, and industrial. The commercial segment holds a significant market share as the demand or VSaaS in retail chains and small businesses are rapidly growing for enhancing security, reducing robbery and inventory loss. Industries require VSaaS for better control over production by having constant video surveillance.
By Geography
Geographically, the Video Surveillance as a Service (VSaaS) market is classified into North America, South America, Europe, the Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with a complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers. Geographically, North America held a significant amount of market share due to stringent laws implemented by the government for keeping surveillance on public places specifically after the 9/11 terrorist attack. Governments around the world are strengthening the fight against street crimes by developing sophisticated surveillance networks and expanding their utilization for counterterrorism operations. The Asia Pacific to see growth in the video surveillance market due to an increase in video surveillance cover at public places.
Competitive Insights
Key market players in Video Surveillance as a Service (VSaaS) market include Pacific Controls, Sonitrol, Cloudastructure Inc., Axis Communications AB, and Eagle Eye Networks among others. The global Video Surveillance as a Service (VSaaS) industry is highly competitive due to its low manufacturing costs. Companies are investing in product innovation and research and development activities. M&A and partnerships are some of the key strategies being implemented by key market players to gain a larger market share.
Some recent development in the market include: -
In May 2018, Dahua Technology became the first company to receive certification for its IP video products from TUV Rheinland, which indicates that its IP products are in compliance with GDPR.
In September 2018, Hikvision came into partnership with Videonetics for the integration of intelligent video management software (IVMS) made by Videonetics that can efficiently handle Hikvision H.265+ compressed video streams which is delivered by Hikvision network cameras.
Report Metric | Details |
Market size value in 2019 | US$1.783 billion |
Market size value in 2025 | US$5.548 billion |
Growth Rate | CAGR of 20.83% from 2019 to 2025 |
Base year | 2019 |
Forecast period | 2020–2025 |
Forecast Unit (Value) | USD Billion |
Segments covered | Framework, Application, And Geography |
Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered | Pacific Controls, Sonitrol, Cloudastructure Inc., Axis Communications AB, Eagle Eye Networks, Orego Biz Solutions Pvt Ltd, Tyco International plc, Ivideon, NeoVSP™, Duranc |
Customization scope | Free report customization with purchase |
Segmentation
The Video Surveillance as a Service (VSaaS) market is segmented by framework, application, and geography.
Frequently Asked Questions (FAQs)
Q1. What will be video surveillance as a service (VSaaS) market size by 2025?
A1. Video Surveillance as a Service (VSaaS) market is projected to reach a total market size of US$5.548 billion in 2025.
Q2. What is the size of global video surveillance as a service market?
A2. The global video surveillance as a service market was valued at US$1.783 billion in 2019.
Q3. What are the growth prospects for video surveillance as a service market?
A3. The video surveillance as a service (VSaaS) market is projected to grow at a CAGR of 20.83% over the forecast period.
Q4. Which region holds the largest market share in the video surveillance as a service (VSaaS) market?
A4. Geographically, North America holds a significant share in the video surveillance as a service (VSaaS) market.
Q5. What factors are anticipated to drive video surveillance as a service market growth?
A5. The development of video analytics, intelligent video surveillance, and Wireless IP surveillance is driving video surveillance as a service market.
Pacific Controls
Sonitrol
Cloudastructure Inc.
Axis Communications AB
Eagle Eye Networks
Orego Biz Solutions Pvt Ltd
Ivideon
NeoVSP™
Duranc
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