Manufacturers have recognized the importance of implementing the best IP surveillance systems due to the growing adoption of advanced surveillance technology by the government sector. Multi-brand retail growth and increased infrastructure spending will drive video surveillance and VSaaS system implementation. Remote monitoring, cloud services, video surveillance and VSaaS systems are all expected to be adopted in the market. Storage systems such as VSaaS are in high demand due to the growing popularity of video surveillance.
Market for global video surveillance and VSaaS by product (USD Billion), 2012-2020
The video surveillance and VSaaS market will grow as more people become aware of the many benefits of using video surveillance software. This includes better system health management, video content analysis, and the ability to retrieve video information. Due to video management and web analytics software, the storage capacity of cloud-based surveillance systems is relatively large. It is expected that IP surveillance will increase in developing countries like Asia-Pacific, and it is widely accepted in developed countries.
As analog surveillance systems are replaced by IP-based systems, the market is experiencing evolutionary transitions. Market growth will be driven by rising security concerns, favorable regulatory impositions and increased awareness about IP-based surveillance system.
The market for video surveillance & VSaaS is divided into IP-based surveillance and analog surveillance. Over the next six-years, IP-based surveillance is expected to experience high growth. This is due to the high flexibility and scalability of IP-based surveillance systems, as well as analog surveillance's limitations. The significant potential of IP-based systems has been created by the penetration of internet protocol for surveillance and mounting of IP cameras with improved video quality.
The market can be divided into three segments based on the component: hardware, software, or services. The hardware segment includes encoders and monitors, recorders, cameras, and encoders. High growth is expected in the surveillance cameras market due to increasing sales of IP cameras that have built-in recorders. The Services sub-segment includes managed, hybrid, and hosted services. Technological innovation, such as the increase in storage capacity to petabytes or PBs and the reduction of costs for storing surveillance data, is expected to drive demand to VSaaS services.
The segments of video surveillance and VSaaS include retail, residential, commercial, transport, government, hotel, industrial, healthcare, and transportation. The largest markets for the forecast period are likely to be transportation and retail. This is due to increasing demand for cloud services as well as increasing awareness regarding video surveillance application management. VSaaS will soon be adopted by both the banking and residential sectors. The acceptance of VSaaS in different industry verticals will be driven by decreasing IT costs, central data & application management, technological advancements in high-resolution imaging and video analytics, and lower IT costs.
North America is a key contributor to the global video surveillance and VSaaS market. Over the next six-years, however, regional market growth will be driven by technological advancements and high security concerns in countries like India, China, Japan, and Japan. Surveillance & VSaaS is expected to continue growing in popularity due to its cost- and business benefits, as well as streamlined expenditures for enterprises. The regional market will be driven by initiatives to replace analog cameras with IP-based ones.
Honeywell Security Group, Zhejiang Dhua Technology Co. Ltd. and Pelco Inc. are key market players. Business expansion can also be achieved through strategic collaborations.
b. Global video surveillance and VSaaS markets were valued at USD 41.5 billion in 2019, and are expected to grow to USD 49.0 billion by 2020.
What is the market growth for video surveillance and vsaas?b. Global video surveillance and VSaaS markets are expected to grow at a compound annual rate of 18.4% between 2015 and 2020, reaching USD 49.0 Billion by 2020.
Which segment had the largest market share in video surveillance and vsaas?b. b. This can be attributed to technological advancements and the high security concerns in countries like India, China, Japan. These factors will drive regional market growth.
Who are the major players in the video surveillance and vsaas markets?b. The key players in the video surveillance market and VSaaS are Honeywell International Inc., Pelco Inc., and Cisco Systems Inc.
What are the driving factors for the video surveillance and the vsaas markets?b. b.
Up Market Research published a new report titled “Video Surveillance And VSaaS Market research report which is segmented by Application (Retail, Transportation, Residential, Government, Industrial, Hospitality), by Component (Services, Hardware, Software), by Product (Analog, IP-Based), By Players/Companies Cisco Systems Inc; Honeywell International Inc; Pelco Inc; and Panasonic Corporation”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Video Surveillance And VSaaS Market Research Report |
By Application | Retail, Transportation, Residential, Government, Industrial, Hospitality |
By Component | Services, Hardware, Software |
By Product | Analog, IP-Based |
By Companies | Cisco Systems Inc; Honeywell International Inc; Pelco Inc; and Panasonic Corporation |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 216 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Retail, Transportation, Residential, Government, Industrial, Hospitality), by Component (Services, Hardware, Software), by Product (Analog, IP-Based).
Video Surveillance And VSaaS Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Video Surveillance And VSaaS Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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