Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 138 | Code: MBI-3927136

Video Surveillance as a Service (VSaaS) Market Size, Share, Growth & Demand Analysis Report by Type (Managed, Hybrid, Hosted) By Industry (Commercial Military & Defense, Residential, Retail & Other Industries) Forecast Report 2022-2030

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Market Overview:

The global VSaaS market size was valued at USD 3.1 billion in 2021 and is projected to register a valuation of USD 8.6 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 19.01% over the forecast period 2022-2030. The growth of this VSaaS market is driven by factors such as increased demand for real-time monitoring data, low cost of investment, a growing number of security issues at a global level, and flexible scalability offered by VSaaS. Technological advances have led to improvements in developing surveillance cameras and related equipment.

The global VSaaS market includes hardware (cameras), software, and services. The growing demand for Internet Protocol (IP) based video surveillance systems is expected to drive the demand for video surveillance software, video management software, and video analytics. With the growing ecosystem of smart cities and expected growth in demand for services in the field of electronic security and video surveillance.

The growth in the VSaaS market is a result of increasing demand from consumers, small and medium-sized businesses, governments, and end users. Additionally, the growth of market participants has accelerated the growth of service development, and market presence and is also creating a more competitive environment. VSaaS solutions can include real-time alerts, integrated analytics, self-monitoring activity, and remote storage. Due to the large set of features of VSaaS solutions, it can be used for a large number of applications.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the global VSaaS market. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, supply chain disruptions, cost increases, and workforce disruptions. COVID-19 led to an unprecedented drop in all economic activities, including VSaaS solutions.

The Covid-19 pandemic has affected the electronics sector, as manufacturing facilities have come to a standstill, leading to a significant increase in demand for electronics and semiconductor products across industries. Its major impacts include large-scale production disruptions across Europe and export disruptions in Chinese regions, which are expected to disrupt the VSaaS market.

Driving Factors:

VSaaS has been growing in recent years due to its penetration into the IP camera sales market. Key factors such as prevention of IT cost by large IT organizations, the emergence of data centers and improvement in the functionality of centralized data are helping the VSaaS segment.

The growth of the video surveillance market is expected to be driven by the introduction of new IP-based digital technologies to detect unwanted behaviors such as shoplifting, shoplifting, vandalism, and terrorist attacks. The increasing number of ATM robberies and suspicious withdrawals around the world is further increasing the need for proper security measures. In addition, the regulatory environment has tightened, which should strengthen the deployment of the smart surveillance camera industry.

Market Segmentation:

The Global VSaaS market is segmented on the basis of product type, industry, and region. By type managed, hybrid, hosted. By industry healthcare, retail, residential, government & security, and others. By region Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Type:

On the basis of type the report include managed, hybrid, and hosted.

In 2018 their greater market share was taken over by hosted VSAs as demand for VSAs stemmed from growing concern among users about improving security, a growing number of government measures to improve public safety, and ongoing improvements in infrastructure, including transportation hubs.

By Industry:

On the basis of industry, the report includes healthcare, retail, residential, government & security, and others.

Due to the increasing spending power of the people, there has been a tremendous boom in the BFSI industry in recent years. The acceptance of VSAs for monitoring employees and customers in financial institutions has been increasing over the years.

Regional Analysis:

North America VSaaS market accounts for the highest revenue share in 2021 and is characterized by the presence of several industry participants. During the forecast period, Asia Pacific is expected to gain market share, mainly due to the increasing installation of surveillance equipment in China and India. Furthermore, the growing popularity of the smart city concept will boost video surveillance as a service market in the Asia Pacific.

Key Market Players:

  • ADT (US)
  • Johnson Controls (Ireland)
  • Axis Communications AB (Sweden)
  • Solutions Company (Canada)
  • Stanley Black & Decker, Inc. (US)
  • Securitas AB (Sweden)
  • Eagle Eye Networks Inc. (US)
  • Hangzhou Hikvision Digital Technology Co., Ltd. (China)
  • Honeywell International Inc. (US)

Report Coverage:

Market Segmentation:

By Type

  • Managed
  • Hybrid
  • Hosted

By Industry

  • Commercial
  • Military & Defense
  • Residential
  • Retail
  • Others

By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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