Global Video Surveillance As A Service Market (VSaaS) was valued US$ 1.41 Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The declining prices of I.P. cameras is a major driving factor of Global Video Surveillance As A Service Market (VSaaS). A rise in wireless IP surveillance, development of video analytics and intelligent video surveillance are some of the trends that drive the market during the forecast period. The complex and restrictive nature of security product certification is proving challenging for the market to expand globally. Regardless, the market is showing steady growth and is projected to drive during the forecast period. There is no need of an internal server to store the camera data as it will be stored in the cloud. This will make it easier and cost-effective to install security solutions. A growing focus on infrastructure protection, government regulations regarding public safety and rising demand for high-resolution imaging are some of the key factors driving market growth.
The restraints of the VSaaS market are slow internet speed, lack of common standards that cause integration issues, development in fear for privacy, low awareness about the market, and privacy and security concerns for the data collected.
Global Video Surveillance As A Service Market (VSaaS) is segmented into type, components, End-user, and region. Based on type, the video surveillance as a service (VSaaS) market is divided into analog and IP-based. On the basis of components, video surveillance as a service (VSaaS) market is categorized into hardware, software, and services. In terms of End-user, the video surveillance as a service (VSaaS) market is classified into residential, retail, business organizations, transportation, government buildings, hospitality, industrial, stadiums, and healthcare organizations. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Based on type, IP-based surveillance systems have quickly gained the XX % of share in the market, due to their inherent advantages of quality, scalability, better resolution, and built-in analytics engines, as compared to analog video surveillance. In terms of end-user, the transportation and retail segments will account for XX % of market shares through the forecast period. The threat to public security will continue to increase, which will raise the use of video surveillance systems. Moreover, these systems help protect innocent civilians from terrorist attacks and maintain a safe and secure environment.
On the basis of region Global Video Surveillance As A Service market divided into five regions such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, the North America had the XX% market share in 2018 and is projected to lead the market during the forecast period. An increasing crime rate, terrorism, and threats from external intruders entering illegally in the countries, along with the rising security needs, are some of the factors driving the growth of video surveillance in the Asia Pacific.
The objective of the report is to present comprehensive analysis of Global Video Surveillance As A Service Market (VSaaS) including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Video Surveillance As A Service Market (VSaaS) dynamics, structure by analyzing the market segments, and project the Global Video Surveillance As A Service Market (VSaaS) size. Clear representation of competitive analysis of key players by Global Video Surveillance As A Service Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Video Surveillance As A Service Market (VSaaS) make the report investor’s guide.
Scope of the Global Video Surveillance As A Service Market (VSaaS)
Global Video Surveillance As A Service Market, by Type
• Analog
• IP-based
Global Video Surveillance As A Service Market, (VSaaS) by Components
• Hardware
• Software
• Services
Global Video Surveillance As A Service Market, (VSaaS) by End-User
• Residential
• Retail
• Business Organizations
• Transportation
• Government Buildings
• Hospitality
• Industrial
• Stadiums
• Healthcare Organizations
Global Video Surveillance As A Service Market, (VSaaS) by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players operating in the Global Video Surveillance As A Service Market (VSaaS)
• ADT Security Services
• Cisco
• Bosch Security System
• Axis Communications
• Panasonic
• Honeywell
• Smartvue Corporation
• Brivo
• Hikvision
• IndigoVision Group plc.
• Verint Systems, Inc.
• MIRASYS
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