Global Video Surveillance as a Service (VsaaS) market is anticipated to grow at a CAGR of 16.8% during the forecast period (2020-2026). The application of video surveillance in business is growing significantly due to the increasing need for physical security and the use of cloud-based services for centralized data. The introduction of new IP-based digital technologies, to detect and prevent undesirable behaviour, such as shoplifting, thefts, vandalism, and terror attacks is expected to fuel the growth of the VSaaS market. Additionally, favourable government policies and regulations related to the application of video surveillance devices in commercial & residential buildings further promote the market growth. VSaaS held a major market share in developed nations such as the US, UK, Germany, and Canada owing to their stringent safety measures.
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Certain issues associated with the market such as high bandwidth & high capacity storage requirements may have a negative impact on the growth of the market. Additionally, hacking and other piracy issues can restrain market growth during the forecast period. However, technological advancements in VSaaS and rising safety concerns are posing potential growth opportunities for the VSaaS market in near future. Moreover, emerging economies of the Asia-Pacific region such as India, China, and South Korea are creating splendid opportunities for market growth.
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Global Video Surveillance as a Service Market Segmentation
By End-Users
- Commercial
- Infrastructure
- Residential
- Military & Defence
- Industrial
By Type
- Analog Video Surveillance
- IP-Based Video Surveillance
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
Company Profiles
- 3GC Group
- Agent Video Intelligence Ltd.
- Artec Technologies AG
- CBC Group
- Cisco Systems Inc.
- Coreveillance, LLC
- D-Link Corp.
- Eyewitness Acquisition LLC
- Genetec, Inc.
- Geovision, Inc.
- Hangzhou Hikvision Digital Tehnology Co., Ltd.
- Hanwa Techwin Co., Ltd.
- LC Realtech Inc.
- The Infinova Group
- Iveda Solutions, Inc.
- Jvalley Software Solutions
- Konica Minolta Inc. (Mobotix AG)
- Lab Information Technology Inc.
- Motorola Solutions
- Nice System Ltd.
- Nortek Security & Control, LLC
- Panasonic System Networks Co. Ltd.
- Pivot3 (Nexgen Storage)
- Promise Technology Inc.
- Riverside Company (Pro-Vigil, Inc.)
- Vintech Systems Inc.
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