The Video Surveillance As A Service (VSaaS) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Video Surveillance As A Service
(VSaaS) Global Market Report 2024, The video surveillance as a service (VSaaS)
market size has grown rapidly in recent years. It will grow from $3.97 billion
in 2023 to $4.56 billion in 2024 at a compound annual growth rate (CAGR) of
14.9%. The growth in the historic period can be attributed to cost-efficiency,
remote monitoring and accessibility, scalability and flexibility, integration
with other systems, reduced maintenance overheads.
The video surveillance as a service (VSaaS) market size is expected to see
rapid growth in the next few years. It will grow to $8.44 billion in 2028 at a
compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period
can be attributed to increased emphasis on data security, remote workforce
monitoring, focus on vertical-specific solutions. Major trends in the forecast
period include integration with Internet of things (IoT), subscription-based
service models, high-resolution and megapixel cameras, data storage and
management solutions.
The development of smart cities is expected to propel the growth of the video
surveillance as a service (VSaaS) market in the coming years. A smart city
employs information and communication technology (ICT) to boost operational
performance, exchange data with the public, and enhance government service and
resident protection. Governments all over the world have lofty goals for making
communities smarter and better for people and travelers. Smart cities are
implementing intelligent video monitoring to help emergency responders respond
more quickly in real-time or to detect and handle possible accidents to
minimize crime. For instance, in August 2023, according to the Press
Information Bureau (PIB), an India-based nodal agency of the Government of
India, 100 Smart Cities issued work orders for a total of 7,978 projects, out
of which 5,909 projects (74%) have been completed. An amount of ₹73,454 crore
($0.8 billion) was allocated for these Smart Cities, with 90% having been
effectively utilized so far. Therefore, the development of smart cities drives
the video surveillance as a service (VSaaS) market growth.
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The video surveillance as a service (VSaaS) market covered in this report is
segmented –
1) By Type: IP-Based, Analog
2) By Service: Managed, Hybrid, Hosted
3) By End User: Industrial, Residential, Military and Defense, Institutional,
Public Facilities, Commercial, Other End Users
Major companies in the video surveillance as a service (VSaaS) market are
focused on developing advanced versions of platforms, such as video API
platforms, to empower developers in cloud video surveillance and gain a
competitive edge in the market. A Video API platform is a software interface
that enables developers to integrate and interact with video surveillance
functionalities, facilitating the creation of custom applications and
solutions. For instance, in September 2023, Eagle Eye Networks, a US-based
video surveillance company, launched V3 of its Video API Platform, a
comprehensive and faster implementation tool for video applications by
developers. The open platform, with extensive RESTful API and camera support,
aims to facilitate the easy creation of applications leveraging cloud video
surveillance. The new API, building upon V1 and V2 foundations, incorporates
feedback, requests, and large customer requirements, offering enhanced
capabilities for video analytics, AI, and scale. Eagle Eye recommends new
development on API V3 for organizations using its Video API Platform for
cloud-based surveillance solutions and AI integration.
The video surveillance as a service (vsaas) market report table of contents
includes:
1. Executive Summary
2. Video
Surveillance As A Service (VSaaS) Market Characteristics
3. Video
Surveillance As A Service (VSaaS) Market Trends And Strategies
4. Video
Surveillance As A Service (VSaaS) Market - Macro Economic Scenario
5. Global
Video Surveillance As A Service (VSaaS) Market Size and Growth
.
32. Global Video Surveillance As A Service (VSaaS) Market Competitive
Benchmarking
33. Global
Video Surveillance As A Service (VSaaS) Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Video Surveillance As A Service (VSaaS) Market
35. Video
Surveillance As A Service (VSaaS) Market Future Outlook and Potential Analysis
36.
Appendix
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