Global Video surveillance as a service Industry
New Study On "2019-2023 Video surveillance as a service Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast" Added to Wise Guy Reports Database
This report covers the complete Comprehensive research methodology of Global Video Surveillance as a Service (VSaaS) Market. Global video surveillance as a service (VSaaS) market is predicted to grow at a CAGR of 16% during 2018-2023. The market value in 2017 was estimated at $32.00 billion and is expected to grow at a CAGR of 16.14% during the forecast period. The increasing demand for IP cameras and the rise in Video Content Analytics (VCA); and Video Surveillance as a Service (VSaaS) have acted as market drivers for the global video surveillance industry. The market is growing tremendously due to technological advancement and innovation in video surveillance applications and products. One of the major factors responsible for the growing degree of innovations in the market is the presence of an intensely competitive environment in the market. This application proves to be highly efficient and cost-effective over widespread security applications.
Major contributing keys to this market as follows
- Agent Video Intelligence
- Avigilon Corporation
- Axis Communications Ab
- Canon, Inc., CISCO Systems Inc.
- Genetec, Inc., Hikvision Digital Technology Co., Ltd.
- Milestone Systems
- Mobotix Ag
- Panasonic System Networks Co. Ltd, Pelco, Inc.
- Other prominent vendors in the market include DVtel, iDefigo, Genetec, Moonblink Communications, Sureview Systems, Salient Systems, Tyco, and VSaaS
The video surveillance market is in transition due to the increasing market penetration of surveillance cameras for a wide range of applications for commercial, institutional, residential, and industrial end-users. The rising security concern and the need for highly efficient, time-saving surveillance systems at an affordable cost are few of the pressing matters to be looked upon in the current scenario.
Some of the major factors responsible for the growing number of adoption of IP cameras by enterprises are,
- the cost
- image clarity
- built-in security
- easy installation
- high resolution
The commercial sector highly prefers this product as its high-quality sensor module is easily adaptable to the changing needs of an organization. Additionally, features such as its ability to avoid problems related to interlacing, availability of an inbuilt facility for image encryption and multi-level user access control, among end-users.
Additionally, the growing need for physical security across critical infrastructure is one of the enablers for the market. Also, the market for cameras is acquiring the major market share in the ecosystem of the video surveillance industry, because of the vast proliferation of IP camera-based surveillance systems.
Certain issues associated with the market such as high bandwidth & high capacity storage requirements have been hindering the market. Countries from the APAC region such as India, China, and Japan are creating opportunities that would drive the market in the upcoming years.
The market is diversified due to the presence of a large number of regional and international vendors across the globe. These vendors increasingly provide VSaaS devices for enterprises, government organizations, and SMEs. Furthermore, it has been observed that a large number of new players are entering the market to offer products at lower prices to expand their customer base.
Global VSaaS Market segmentations are made on the basis of
- IP camera
- Video Analytics
- Cloud-based solutions
- Cloud Storage by product software
- Cloud storage by deployment
- Hosted VSAAS
- Managed VSAAS
- Hybrid VSAAS
- Integration Services
- analog video surveillance & VSaaS
- IP based video surveillance & VSaaS.
- Banking & Financial
- Government & higher security
- Manufacturing & corporate
- North America
North America is the most dominant in the Global VSaaS Market. Asian-Pacific regions including China, India, Japan, and Korea are expected to create a huge opportunity for the global Video Surveillance and VSaaS market because of the increasing demand for Video Surveillance and VSaaS in various sectors. Developed economies have favorable government policies for safety, security, and convenience which are driving the Global VSaaS Market.
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