Video Surveillance As A Service (VSaaS) Market Size, Key Analysis And Growth Report Forecast Report 2024 To 2033

The Business Research Company offers in-depth market insights through Video Surveillance As A Service VSaaS Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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.

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Market Segmentation:
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 Driver - Smart City Development Fuels Growth In Video Surveillance As A Service (VSAAS) Market

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.

Competitive Landscape:
Major companies operating in the video surveillance as a service (VSaaS) market report are Cisco Systems Inc., Honeywell International Inc., Johnson Controls International plc, Hikvision Digital Technology Co Ltd., ADT Security Services Inc., Bosch Security Systems GmbH, Alarm.com, Axis Communications AB, Avigilon A Motorola Solutions Company, Verint Systems Inc., VIVOTEK Inc., Genetec Inc., Pelco, Eagle Eye Networks Inc., Brivo Systems Inc., Salient Systems Inc., Mobotix AG, Ozvision Inc., March Networks Corp, IndigoVision Group plc, CameraFTP Service, Timetec Cloud Sdn Bhd, 3xLOGIC Inc., MIRASYS Inc., Duranc Inc., Camcloud Inc., Cloudastructure Inc., Hanwha Techwin Co Ltd., IVIDEON Inc., Pacific Control Systems LLC, Panasonic Corporation, Securitas AB, Stanley Black & Decker Inc., Verkada Inc.

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Top Trend - Advanced Version To Empower Developers In Cloud Video Surveillance

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 Table Of Content For The Market Report Include:
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. Video Surveillance As A Service VSaaS Market Size And Growth
…..
27. Video Surveillance As A Service VSaaS Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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