Video Surveillance as a Service (VSaaS) Market (Type - Hosted, Managed, and Hybrid; Application - Commercial, Infrastructure, Residential, Military & Defense, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on video surveillance as a service (VSaaS) market provides an in-depth analysis of segments and sub-segments in the global as well as regional video surveillance as a service market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional video surveillance as a service market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global video surveillance as a service market. According to the report, the global video surveillance as a service market is projected to grow at a CAGR of 16.6% over the forecast period of 2020-2026.

Market Insight

Video Surveillance as a Service (VSaaS) is a cloud-based video surveillance platform that is marketed as a service over the internet. The price of video surveillance as a service solution varies depending on the features of the plan, which includes a number of cameras, amount of storage, software features, and others. The customers pay a monthly subscription price to use the video surveillance as a service solution. It is ideal for consumers who have multiple businesses at different locations, or small companies that require security services without the installation hassle. With Video surveillance as a service, the surveillance can be done remotely through mobile devices, desktops, and tablets on PC, android, and apple products. Video surveillance as a service reduces the capital cost, lower the operational expense, and reduces power usage. Installation of the system is easy when switching over to Video surveillance as a service. Convenient payment methods and fully scalable solutions customized as per customers’ needs are some of the key benefits of video surveillance as a service.

The video surveillance as a service market is expected to have significant gains in 2020 as the government officials are continuously increasing their surveillance operations to control the spread of the disease. Health surveillance in the wake of this COVID-19 epidemic has essentially become a mic of technology and human intelligence. Moreover, this reliance on digital monitoring is also likely to increase the deployment of pandemic-era surveillance technologies in several other countries to employ more surveillance authority in the future. However, lockdown measures and decreased production in several small and medium scale industries will lead to a fall in their profitability, resulting in low demand from these business organizations. In addition, severe supply disruptions are also likely to be witnessed in the market. However, over the long term, the market is expected to gain stability due to the growing demand for public safety and as camera costs have dropped and deployment has skyrocketed.

The increased investments by the government sector to enhance the public safety infrastructure is anticipated to drive the market. The government sector is expected to become a major player in the Video surveillance as a service market globally as more and more big cities are adopting Video surveillance as a service solutions such as surveillance video cameras to fight crime, especially as police departments face the grim prospect of budget cuts and reduced manpower. Moreover, the declining prices and increased performance of the technology is further augmenting the demand for Video surveillance as a service solution. However, growing cyberattacks and data theft activities are likely to hamper the growth of the market. A growing number of new cyber vulnerabilities are discovered frequently, which pose a critical threat to the adoption of the Video surveillance as a service solution. Nevertheless, the development of IoT and cloud-based video surveillance is expected to boost the market in the future.

In terms of geography, North America generated the highest revenue in the global Video surveillance as a service market. North America dominated technological adoption, compared to other geographic regions; thus, the demand for a hybrid system, megapixel camera, and analytics is high in this region. Moreover, the technological innovations, real-time access, integration of wireless technologies, video analytics, affordability of IP surveillance systems, and government initiatives have optimistically influenced the adoption of IP surveillance technology in North America. On the other hand, the Asia Pacific region is expected to grow at the highest rate in the global Video surveillance as a service market. A positive inclination towards IP surveillance systems in the Asia Pacific, owing to rising security concerns is majorly driving the demand for video surveillance as a service solution. In addition, the rising terrorism activities in the region are a major factor influencing the governments to adopt IP surveillance for high-security regions and government buildings. 

Segment Covered

The report on global video surveillance as a service market covers segments such as type, and application. On the basis of type, the sub-markets include hosted, managed, and hybrid. On the basis of application, the sub-markets include commercial, infrastructure, residential, military & defense, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Cisco Systems, Inc., Axis Communications AB, Genetec Inc., Avigilon Corporation, Comcast Corp., Honeywell International Inc., Robert Bosch GmbH, Johnson Johnson Controls, Eagle Eye Networks, and Pacific Control.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of video surveillance as a service market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.