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Video Surveillance As A Service (VSaaS) Market By Type (Hosted, Managed, Hybrid), By End-Use (Commercial, Residential, Transportation, Banking & Finance, Government, Retail) - Growth, Future Prospects & Competitive Analysis, 2016 - 2024

Video surveillance as a service (VSaaS) refers to the provision of remote monitoring and video management services in exchange for a timely fee. Traditional deployments of video surveillance systems included the installation of various components such as analog or network cameras, video encoders and decoders, storage devices, network infrastructure, and video management software, among others. Traditional video surveillance systems provide end-users with a higher degree of control over monitoring and recording capabilities. However, technological advancements in camera and network technology, along with an increasing need to adapt to the latest market offerings, made it cumbersome to maintain on-site video surveillance systems. Video surveillance as a service (VSaaS) has offered a viable solution for end-users to stay updated with the latest technological developments in the field of video surveillance without incurring high investment costs. In addition, with the use of video surveillance as a service (VSaaS), customers are no longer required to maintain an on-site, skilled team of technicians. Thereby, video surveillance as a service (VSaaS) has gained immense popularity among various organizations for the purpose of remote monitoring and security provision.

Some of the key driving factors in the video surveillance as a service (VSaaS) market include constant technological advancements in the fields of cameras, storage, and IP networks, among others. With video surveillance as a service (VSaaS), end-users can ensure the deployment of the latest technologies to provide on-site security and safety. Other factors driving the growth of this market include the subscription-based models, which enable end-users to deploy customized video surveillance systems in exchange for a monthly or yearly fee instead of direct investments in various equipment and software. Rising security threats and an increasing need to provide a safe and secure environment have led to higher adoption of video surveillance as a service (VSaaS) in recent years. However, lack of awareness among users and concerns related to information security pose major challenges to the growth of the video surveillance as a service (VSaaS) market across the world.

The report titled "Global Video Surveillance as a Service (VSaaS) Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024" offers strategic insights into the global video surveillance as a service (VSaaS) market, along with the market size and estimates for the duration 2014–2024. The said research study covers an in-depth analysis of multiple market segments based on the mode of delivery, end-use industry, and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 and 2024. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the key market trends, including the switch from analog to digital systems, high-definition cameras, and integrated security applications based on video surveillance in various end-use industries.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of video surveillance as a service (VSaaS), market positioning, and key developments. Some of the major players profiled in the report are Axis Communications AB, ADT LLC dba ADT Security Services, Bosch Security Systems, Brivo Systems LLC, Cisco Systems, Inc., Honeywell International, Inc., IndigoVision Group plc, Verint Systems, Inc., MIRASYS LTD., Smartvue Corporation, OZVISION, Inc., Cameramanager B.V., MOBILE VIDEO SOLUTIONS INC (VIDEO), and Genetec Inc.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the video surveillance industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2014–2015)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global video surveillance as a service (VSaaS) market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

The global video surveillance as a service (VSaaS) market is segmented, based on type, into the following categories:

  • Hosted
  • Managed
  • Hybrid

In 2015, hosted video surveillance as a service (VSaaS) solutions remained the dominant type in the global video surveillance as a service (VSaaS) market. Hosted solutions have grown in popularity due to the convenience of storing video files off-site and providing easy access via any internet-connected device. In addition, the preference for hosted solutions in various end-use industries, including residential and transportation, has led to the higher adoption of hosted video surveillance as a service (VSaaS) solutions until 2015.

The rise of various integrated applications based on video surveillance has led to a growing demand for the storage of video files at end-user premises. In addition, on-site storage eliminates concerns pertaining to data security and misuse of video files created during video surveillance. However, storing entire video files on the customer's site has led to additional costs associated with video storage solutions. Thereby, there has been a rising trend of deploying hybrid video surveillance as a service (VSaaS) solutions wherein end-users can store critical or usable video content on-site for further analysis, with the rest of the data stored at the VSaaS provider's data center. The hybrid video surveillance as a service (VSaaS) segment is expected to witness the fastest growth in the overall video surveillance as a service (VSaaS) market across the world.

The global video surveillance as a service (VSaaS) market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • Southern Africa
  • the remainder of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

In 2015, Asia Pacific led the overall video surveillance as a service (VSaaS) market across the world. The segment contributed to more than half of the total revenue generated globally in 2015. Increasing penetration of the Internet and smartphones, along with growing efforts made by governments towards security provision in developing countries such as China, India, and Thailand, among others, have led to the higher adoption of video surveillance as a service (VSaaS) solutions in the Asia Pacific region.

North America and Europe followed the Asia Pacific region in the global video surveillance as a service (VSaaS) market in terms of revenue. With rising security threats and increasing vulnerability of various sites across Europe, the market for video surveillance as a service (VSaaS) solutions in Europe is expected to grow at the fastest rate during the forecast period. Factors such as cross-border migration and increasing instances of terror attacks are further expected to fuel the need to deploy video surveillance in most of the countries in the European region. With continued demand from the hotels and leisure industries in some of the tourist countries in the Middle East, the MEA video surveillance as a service (VSaaS) market is expected to witness sustained growth during the forecast period.

Frequently Asked Questions: 

The market for Video Surveillance As A Service (VSaaS) Market is expected to reach US$ 842.5 Mn in 2024.

The Video Surveillance As A Service (VSaaS) Market is expected to see significant CAGR growth over the coming years, at 19.3%.

The report is forecasted to 2016-2024.

The base year of this report is 2015.

Axis Communications AB,ADT LLC dba ADT Security Services, Bosch Security Systems,Brivo Systems LLC, Cisco Systems, Inc. are some of the major players in the global market

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Technology & Media
Report ID:   58341
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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