What Does the Historical and Current Video Surveillance As A Service (VSaaS) Market Size Trend Indicate?
The video surveillance as a service (vsaas) market has seen considerable growth due to a variety of factors.
• Over the past few years, the video surveillance as a service (VSaaS) market size has witnessed a sharp increase. The market that was worth $4.47 billion in 2024, is predicted to reach a valuation of $5.08 billion in 2025 with a compound annual growth rate (CAGR) of 13.7%.
The superior growth in the recorded phase is due to factors such as cost-effectiveness, the ability to monitor remotely and access, versatile scale options, compatibility with other systems, and decreased maintenance costs.
What are the Market Size and Expected Growth Rates for the Video Surveillance As A Service (VSaaS) Market?
The video surveillance as a service (vsaas) market is expected to maintain its strong growth trajectory in upcoming years.
• There's an anticipated rapid expansion in the VSaaS (video surveillance as a service) market in the coming years, with projections estimating its worth to be $10.17 billion by 2029, boasting a compound annual growth rate (CAGR) of 19.0%.
The predicted growth during the forecast period is due to heightened focus on data protection, oversight of remote working staff, and vertical-specific product solutions. Other key trends set to shape the market during this period include IoT integration, subscription service models, high-quality megapixel cameras, and sophisticated solutions for data storage and management.
Which Drivers Are Accelerating Growth In The Video Surveillance As A Service (VSaaS) Market?
The evolution of smart cities is set to fuel the rise of the video surveillance as a service (VSaaS) market in the near future. Smart cities utilize information and communication technology (ICT) to enhance operational efficiency, share data with citizens, and improve public services and safety. Global governments have ambitious plans to make their regions smarter and more comfortable for residents and travelers. Intelligent video surveillance is being adopted by smart cities to enable emergency services to act more promptly in real-time situations or to identify and manage potential incidents to reduce crime. For example, in August 2023, the Press Information Bureau (PIB), an Indian government nodal agency, reported that 100 Smart Cities awarded work orders for a total of 7,978 projects, of which 5,909 projects (74%) have been successfully completed. A sum of ?73,454 crore ($0.8 billion) was allotted to these Smart Cities, with 90% of funds having been efficiently used till now. Hence, the advancement of smart cities actuates the growth of the video surveillance as a service (VSaaS) market.
How Is The Globa Video Surveillance As A Service (VSaaS) Market Divided Into Key Segments?
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
Subsegments:
1) By IP-Based: Cloud-Based IP Surveillance, On-Premises IP Surveillance
2) By Analog: Traditional Analog Cameras, Hybrid Systems (Analog And IP)
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What Trends Are Reshaping The Video Surveillance As A Service (VSaaS) Market Landscape?
Leading corporations in the video surveillance as a service (VSaaS) market are concentrating their efforts on creating cloud-based VSaaS solutions that employ AI technology, such as edge AI analytics, to bolster security and establish a marketplace advantage. Edge AI analytics is the process of directly analyzing data on a local device or sensor, allowing for immediate insights and decision-making without dependency on central cloud servers. For example, VIVOTEK, an IP surveillance solution provider based in Taiwan, introduced VORTEX, a cloud-based Video Surveillance as a Service (VSaaS) solution in August 2022. VORTEX, a harmonious blend of camera, app, web, cloud, and deep learning technology, provides a comprehensive AI surveillance solution. VORTEX includes a hybrid cloud architecture that facilitates storage and analysis directly within the camera, minimizing time, expense, and bandwidth restrictions. The solution affords a broad selection of cameras, top-notch image quality, edge AI analytics, and straightforward configuration, making it ideal for Small and Medium-sized Business (SMB) expansion.
Who Are the Key Players in the Video Surveillance As A Service (VSaaS) Market?
Major companies operating in the video surveillance as a service (VSaaS) market include:
• 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.
What are the Regional Insights into the Video Surveillance As A Service (VSaaS) Market?
Asia-Pacific was the largest region in the video surveillance as a service (VSaaS) market in 2024. The regions covered in the video surveillance as a service (vsaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
